CowboysFaninHouston
CowboysFaninDC
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he got a 450M contract. there is a rule how much of a contract can be a bonus (actually I think because of Jerry and the contract he handed to Deion). so getting a 10 year contract at $450 he got 166M in signing bonus. that's Dak's 4 year contract in one up front lump sum (please don't take it as I am saying Dak is like Mahomes or any type of comparison of value of contract or worth of a player). IMO, So although he might have been able to wait and get a larger AAV than $45M, that large lump sum, lets say that 80M, 5 years sooner is a lot more attractive. at least that's what I would do if I had the options.How did he get paid early by signing a longer term contract?
He would have been much better off to do the traditional 5 year deal and negotiate another deal five years down the road at the new market rate rather than lock in at current market rate for 10 years.
He got a small signing bonus and the contract was structured with the majority being in annual "roster bonuses" which pay him if he is on the roster on a certain date (mid March) every season. He did the opposite of "get paid early".
In no way did he do the smartest thing from an entirely financial perspective. He left money on the table and gave the team flexibility. But like he said himself, He got all he needs to be set for life AND he wants to chase the legacy.
He wins, the team wins, the fans win.
its like if you win the lottery. would you take a lump sum up front that's 70% of total value or an annual payment over 20+ years. for me, its an easy decision. I take the 70% today.