Baltimore Ravens Matt Elam Negotiates Own Contract

Discussion in 'NFL Zone' started by CowboyMcCoy, Jul 27, 2013.

  1. CowboyMcCoy

    CowboyMcCoy Business is a Boomin

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    Matt Elam[​IMG] loves to learn. He also loves to save money.

    Thus, the Ravens rookie safety pulled off an unheard of accomplishment of negotiating his first NFL contract without an agent – no small feat.

    The business-savvy rookie hasn’t stopped there, showing he’s got wits beyond his years. He’s already sponsored and has his own trademarked Twitter phrase “#EatGreedy” that he is rapidly spreading.

    Head Coach John Harbaugh was impressed with Elam’s shrewdness.

    “He got the same contract he would’ve gotten with an agent,” Harbaugh said. “I don’t know that anyone’s ever done that before, in the modern era. He did it and it was kind of interesting.”

    Elam signed a four-year deal with a team option for a fifth year. According to The Baltimore Sun, Elam saved roughly $202,800 in commission fees over the course of a $6.767 million deal that includes a $3.301 million signing bonus.

    “I saved a lot of money,” said Elam, who was taken with the final pick of the first round. “It was beneficial to me and my family.”

    Elam enlisted the help of his older brother and former NFL player, Abe Elam, in working through his rookie contract. Abe was his primary advisor, but Matt also recruited more people for his advisory team. He said he got advice from former Ravens wide receiver Anquan Boldin (a friend of Abe’s) and Kansas City Chiefs safety Eric Berry.

    Working out a rookie contract has also become somewhat easier under the new collective bargaining agreement because the framework of rookie deals is set in place. But there’s still a lot of fine print. Elam said he came to learn all the language in the contract.

    “I’ve reached out to a lot of NFL players to learn new things. I love to learn. That’s one thing,” Elam said.

    “I felt like I built a great team that gave me knowledge and taught me a lot of great things I didn’t know. I knew all the language and everything about the contract.”
  2. OhSnap

    OhSnap Well-Known Member

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    I heard he got 100 lbs of bacon, a Dennys free lunch coupon and a lift kit for his station wagon as a signing bonus.

  3. Hoofbite

    Hoofbite Well-Known Member

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    Pretty cool. I wonder if agents are a little nervous about the possibility that more guys may do the same thing. With the slotted rookie cap, there's not much room for negotiations.
    CowboyMcCoy likes this.
  4. hipfake08

    hipfake08 Well-Known Member

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    Good for him. He must have actually went to classes when at school.
    JBell523 likes this.
  5. Hoofbite

    Hoofbite Well-Known Member

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    Look at the part where it says how much he saved. 200K is some serious coin.

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