Many people have been saying Jennings' contract is worth $9 million per season. If he obtains all of his bonuses, the average will actually be between $6.5 and $7 million per season. A good portion of it will be attached to this year's cap. There are plenty of people making more than him at the WR position. My guess is that this puts him in the top 10, maybe top 15? Seems to me he got paid appropriately.

Source?  Gotta be fair here, you know.  :)

Judge Parins:

Source?  Gotta be fair here, you know.  :)

Dude, I know someone in the Packers' front office. Trust me on that one. :)

GB Press Gazette:

Friday, June 26, 2009

Jennings contract numbers are in

According to a source with access to NFL Players Association salary information, the Packers will pay Greg Jennings at least $16.25 million this season.

The source said Jennings received a signing bonus of $11.25 million and a base salary for 2009 of $5 million.

Jennings was under contract through the 2009 season (for an original base salary of $535,000), but his new deal runs through the 2012 season. In addition to his new $5 million salary for 2009, his bases in the final three years are $1.85 million in 2010, $2.7 million in 2011 and $3.885 million in 2012.

Though some reports are calling it a deal that averages close to $9 million per season, the $26.35 million in new money divided over the entire four years of the deal is actually an average of $6.6 million per year. That's without incentives.

Jennings will have the opportunity to reach incentives, some of which are earned only if he is on the 45-man active roster on game day and can earn up to $700,000 in incentives in 2010, $1 million in 2011 and $1.25 million in 2012. The deal also includes $300,000 workout bonus in 2010, 2011 and 2012.

A source said the NFL is "buzzing" about the deal in part because if there's no new CBA negotiated next season, Jennings would only have been a restricted free agent.

The deal leaves the Packers with about $21 million in remaining salary cap space for 2009. They still must sign both first-round draft picks but still should have enough room for another contract extension or two.

-- Rob Demovsky

 

$11.25 M signing bonus? Just further proof of Thompson's incomptence.

Thompson had, what, 20 or 30 mil dollars (or something in between) of cap space laying around for f^ck's sake! What, Thompson's gonna sign Vonnie Holliday for 20 mil a year? Absorb that $11.25 M this year and this year alone, you dimwitted polar bear . Ever heard of ROSTER BONUS? If Jennings tanks or suffer a career ending injury, the Packers wont have to worry about his pro-rated SB counting against the cap!

What an inefficient, ineffective, and incompetent polar bear Ted Thompson is!

EraofTed:

$11.25 M signing bonus? Just further proof of Thompson's incomptence.

Thompson had, what, 20 or 30 mil dollars (or something in between) of cap space laying around for f^ck's sake! What, Thompson's gonna sign Vonnie Holliday for 20 mil a year? Absorb that $11.25 M this year and this year alone, you dimwitted polar bear . Ever heard of ROSTER BONUS? If Jennings tanks or suffer a career ending injury, the Packers wont have to worry about his pro-rated SB counting against the cap!

What an inefficient, ineffective, and incompetent polar bear Ted Thompson is!

This has been Ted's philosophy all along- He has a LOT of cap and then uses it to give BIG up-front bonuses to players like Woodson, Grant, and Jennings. This way it reduces their base salaries and cap in the coming years. It's a good philosophy if you don't think there's anything out there in free agency in a given year (or years). I think it's a good philosophy at times and maybe not so much at other times.

EraofTed:

$11.25 M signing bonus? Just further proof of Thompson's incomptence.

Thompson had, what, 20 or 30 mil dollars (or something in between) of cap space laying around for f^ck's sake! What, Thompson's gonna sign Vonnie Holliday for 20 mil a year? Absorb that $11.25 M this year and this year alone, you dimwitted polar bear . Ever heard of ROSTER BONUS? If Jennings tanks or suffer a career ending injury, the Packers wont have to worry about his pro-rated SB counting against the cap!

What an inefficient, ineffective, and incompetent polar bear Ted Thompson is!

 

Its a 3 year extension.  Are you going to waive him this year?  How about next year?  By the time they get to year three it will only be a 2.75 million cap hit if they waive him.  That of course will be offset by his base salary of 3.885 million, netting in a cap increase of available dollars.

You make it sound like this was a horrible deal.  How about actually looking at the facts of the case before running diarrhea of the mouth.  In reality by doing a signing bonus, it still keeps cap money free this year to sign other players.  Signing bonuses can also be converted to roster bonuses and accelerated at any time.  So that flexibility is still there, if you do a roster bonus, there isn't an opportunity to stretch it out later.

Maybe you should put down your crack pipe for a bit, and actually look at it rationally.  What an inefficient, ineffective, and incompetent poster you are.

wcheezer:

Its a 3 year extension.  Are you going to waive him this year?  How about next year?  By the time they get to year three it will only be a 2.75 million cap hit if they waive him.  That of course will be offset by his base salary of 3.885 million, netting in a cap increase of available dollars.

You make it sound like this was a horrible deal.  How about actually looking at the facts of the case before running diarrhea of the mouth.  In reality by doing a signing bonus, it still keeps cap money free this year to sign other players.  Signing bonuses can also be converted to roster bonuses and accelerated at any time.  So that flexibility is still there, if you do a roster bonus, there isn't an opportunity to stretch it out later.

Maybe you should put down your crack pipe for a bit, and actually look at it rationally.  What an inefficient, ineffective, and incompetent poster you are.

Thompson couldve absorbed all of Jennings SB this year and still have plenty of money left over to sign the rookies and extend Collins contract.

Stretch the cap when it is near maxed or when a players guaranteed money is excessively large, not when you have $20-30 M sitting idly.

EraofTed:

wcheezer:

Its a 3 year extension.  Are you going to waive him this year?  How about next year?  By the time they get to year three it will only be a 2.75 million cap hit if they waive him.  That of course will be offset by his base salary of 3.885 million, netting in a cap increase of available dollars.

You make it sound like this was a horrible deal.  How about actually looking at the facts of the case before running diarrhea of the mouth.  In reality by doing a signing bonus, it still keeps cap money free this year to sign other players.  Signing bonuses can also be converted to roster bonuses and accelerated at any time.  So that flexibility is still there, if you do a roster bonus, there isn't an opportunity to stretch it out later.

Maybe you should put down your crack pipe for a bit, and actually look at it rationally.  What an inefficient, ineffective, and incompetent poster you are.

Thompson couldve absorbed all of Jennings SB this year and still have plenty of money left over to sign the rookies and extend Collins contract.

Stretch the cap when it is near maxed or when a players guaranteed money is excessively large, not when you have $20-30 M sitting idly.

 

Do you have all the number in yet?  Do you know what they are planning for other players?  By doing it this way, they have more flexibility.  I realize that you communists like to take from the producers, and give it to non producers, but the Season hasn't started yet, and the contract situations haven't even all played out yet.  Let alone the rookie class that needs to be signed.

I said before to put the crack pipe down, maybe you should pick it back up, because all the knee jerking you are doing, you are going to hurt yourself.

wcheezer:

Do you have all the number in yet?  Do you know what they are planning for other players?  By doing it this way, they have more flexibility.  I realize that you communists like to take from the producers, and give it to non producers, but the Season hasn't started yet, and the contract situations haven't even all played out yet.  Let alone the rookie class that needs to be signed.

I said before to put the crack pipe down, maybe you should pick it back up, because all the knee jerking you are doing, you are going to hurt yourself.

 

You forget who his mentor is, Cheezer. The one and only master of cap management - Mike Sherman.

EraofTed:

Thompson couldve absorbed all of Jennings SB this year and still have plenty of money left over to sign the rookies and extend Collins contract.

 

 

1. Collins isn't the only player Ted is going to extend.
2. Collins isn't the first player that Ted will extend.
   
3. By not structuring the guaranteed money as a roster bonus, Ted retains the flexibility of resigning more players.

Scott Campbell:

By not structuring the guaranteed money as a roster bonus, Ted retains the flexibility of resigning more players.

 

I tried to explain that to our resident pot head.  I guess the smoke hadn't cleared from his head yet.

The Village Idiot tries his hand at capology, eh?

He doesn't know sh!t about that subject, either.

we still have two first rounders to sign.. of them a top 10 pick remeber Teddy Warbuxxx?

era is not as off as the masses love to say.. "getting the best players available" philosophy, if holds truth, also implies paying many overpaid bums.

we have talent established that needs money too..
i dont think using players flopping once green bay didnt give them a big deal proves anything. flukes arent as common as players not giving as much a damn once left out from a certain home fanbase are..

Javon Walker wasn't fluke talent. He may have gotten hurt and not did as well but his talent didnt just evaporate. just died in oakland like everyone who goes there. Just one example of my theory being true.

Sadly - there are 2 absolutely vital subjects that are largely ignored at most institutions of higher education these days...

history & economics.

Much to the detriment of society.

2 cases in point... Tank / Braindead

tandread84:

we have talent established that needs money too..
i dont think using players flopping once green bay didnt give them a big deal proves anything. flukes arent as common as players not giving as much a damn once left out from a certain home fanbase are..

 

 

 

Would somebody mind translating this into English?