Gemini Dolly
Well-Known Member
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Hoping for the best.
DanTanna;3443751 said:He should be set for life if he gets a good investment guy to work with .... like me.
ninja;3443884 said:His signing bonus was $825,000. Take away around 40 some percent for taxes and he's left with $500,000. Not a whole lot. The Giants aren't going to pay his salary which probably isn't guaranteed.
Does he have health care? If not, he's royally screwed. That bonus money is already gone. Does his healthcare provided by the Giants begin with the start of training camp?
And you have to look at the fine print in the contract. He will be charged with reckless driving. Was alcohol involved? That may trigger repayment of the bonus if the Giants so opt.
From a marketing/PR standpoint do you really wanna stiff the guy when it comes to healthcare? IMO if I'm the Giants I help the guy recover and try to cover all his hospital costs, it's chump change to a large organization like that, and if he can still play afterwards then great if not you part ways and let him keep whatever you can bear to let him keep. Sure I won't give him his entire contract worth but at least something to hold him over. Hopefully if he can't play football he can at least go back to LSU and finish his senior year to get his degree.ninja;3443884 said:His signing bonus was $825,000. Take away around 40 some percent for taxes and he's left with $500,000. Not a whole lot. The Giants aren't going to pay his salary which probably isn't guaranteed.
Does he have health care? If not, he's royally screwed. That bonus money is already gone. Does his healthcare provided by the Giants begin with the start of training camp?
And you have to look at the fine print in the contract. He will be charged with reckless driving. Was alcohol involved? That may trigger repayment of the bonus if the Giants so opt.
He signed a 4 year $2.616 million contract. $825,965 signing bonus (he'll get to keep that for sure). Slated to make in 2010: $320k, 2011: $405k, 2012: $490k, 2013: $575k (none of which is guaranteed to my knowledge) If I were the Giants and he wasn't gonna be able to play ever again I'd give him the $320k he was going to get in 2010 and part ways.CanuckCowboysFan;3443890 said:How much money does he get from the contract? If worst comes to worse he could play baseball again...I also heard he's pretty intelligent so he could always go back and get his degree...look on the bright side.
Get better, Chad.