dgr81
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i would consider him an upgrade over bartel and johnson
LEFTWICH INKS ONE-YEAR MINIMUM DEAL
Posted by Mike Florio on August 11, 2008, 4:19 p.m.
How desperate was quarterback Byron Leftwich to find work? Sufficiently desperate to accept a one-year deal for the league minimum.
Per the Post-Gazette, Leftwich received a $40,000 signing bonus and will be paid a base salary of $605,000 in 2008.
Leftwich reportedly was the team’s first choice, with Daunte Culpepper providing leverage to get Leftwich to accept the Steelers’ offer. Leftwich also wanted some assurances as to what his status will be once Charlie Batch is cleared to play.
Financially, it won’t matter whether Leftwich stays or goes. Every NFL player with four or more years of services is entitled, once in his career, to take the balance of his unpaid salary as “termination pay,” if he is cut after Week One of the regular season.
Under the CBA, only $425,000 of Leftwich’s base salary will count against the salary cap. The balance of the amount is treated as a player benefit. In fact, the Steelers will actually pay to Leftwich only the $425,000 plus the $40,000 bonus. The rest of the money comes from a league-wide benefit pool.
The device was implemented several years ago as a way to encourage teams to hire older players. Currently, the $425,000 payment and cap charge for a one-year deal given to a player with four or more credited seasons is $95,000 cheaper than the minimum salary for a player with three credited seasons. A player with two seasons has a minimum salary of $445,000, a player with one season costs at least $370,000, and a player with no credited seasons has a minimum salary of $295,000.
Given his nine years of service, Culpepper could have been paid a base salary of $730,000, and it would have only cost the Steelers $425,000 in real dollars and cap space.