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In response to
"The Jackson and Wright deal for the Bucs apparently come with NO signing bonus (so no mortgaging of the future)"
by
Beaker
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the post and blog link
Posted by
Beaker (aka anniebecca)
Mar 14 '12, 08:50
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Perhaps the most amazing thing about the Tampa Bay Buccaneers' head-first plunge into free agency is that the team isn�t mortgaging its future.
I just got a look at full contract details for receiver Vincent Jackson and cornerback Eric Wright (I�ll get you guard Carl Nicks later) and the Bucs so far haven�t used a dime in signing bonuses. In keeping with the recent philosophy of general manager Mark Dominik, the Bucs aren�t spreading out salary-cap money with bonuses that are prorated throughout the life of the contract. Instead, they�re paying big money up front.
Jackson�s five-year deal averages $11,111,111 per season, but much of that money will be paid in the early years of the contract. Jackson will make $11 million in base salary this season and add another $2 million in a roster bonus when he reports to training camp.
In 2013, Jackson�s base salary will reach its peak at $13 million. Jackson�s base salaries in 2012 and 2013 are fully guaranteed. After that, Jackson�s salary begins a gradual dip and he has no more bonuses scheduled. His 2014 salary is scheduled to be $10 million. His base salary for 2015 is $9.778 million and it remains the same in 2016.
Wright�s deal isn�t as lucrative, but it�s structured in a similar way to keep the Bucs from having a ton of money spread out in future years. Wright�s five-year deal is worth $38 million.
Like Jackson, Wright received no signing bonus, but he�ll get paid lots of money early on. Wright�s base salary for 2012 is $7.75 million and it�s the same for 2013. Wright also will receive a $500,000 bonus if he takes part in an unspecified amount of this year�s offseason workout program.
Wright�s base salary drops to $7.25 million in 2014 and remains the same in 2015. In 2016, his base salary is scheduled to be $7.5 million.
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