cobra
Salty *******
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Yeagermeister;1948842 said:Someone please explain this poison pill stuff? I have heard it for a few years and have never understood it.
It has to do with an abuse of the requirement that a team trying to retain a player has to match the value of the offer of the team trying to the player.
So for instance, Seattle with Nate Burleson (in revenge for the Hutch deal) put a provision in the offer to Burleson that his $49 million contract would be guaranteed if he played more than 5 games a year in the state of Minnesota. This would never happen if he played with Seattle. However, Minnesota would have to match that offer, and since it would be a certainty that Burleson would play more than 5 games a year, they would be forced to guarantee the entire contract if they resigned him. So they can't.
Basically, its a provision that abuses the requirement of the team to match and it can be anything. There doesn't appear to be any real limitation on it. It would appear that it could be valid for Miami to offer MBIII say $50 million but add in a provision that would double that amount if he ever plays in a game coached by Jason Garrett. See how that would screw Dallas if they had to match that contract? It's pretty much an ******* thing to do.