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Author Topic: Big Ben's contract structure  (Read 516 times)
The Emperor
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« on: Mar 05, 2008 at 13:12 »

P-G, Bouchette:

There's little of Ben Roethlisberger that underwhelms. He's Big Ben, after all, not Average Ben.

He became the first quarterback to go 13-0 in a season, the youngest to win a Super Bowl, the first on the Steelers to hit a 100 passer rating and the one who survived a spectacular motorcycle crash.

His favorite offense, naturally, is the hurry-up. Yesterday, one day after his 26th birthday, he obliterated all of the Steelers' records for player pay when he signed an eight-year, $102 million contract. It includes so-called guaranteed money of $33.2 million and has a $25.2 million signing bonus.

Roethlisberger had the Steelers in the same spot he had the Baltimore Ravens last season -- right where he wanted them. They had little choice but to give him what he wanted, and they did just that. There are many different ways to measure compensation anymore in the NFL, but by most of them Roethlisberger ranks No. 3 in the league.

His average of $12.75 million per year ranks behind only Peyton Manning at $14 million and Carson Palmer at $13.2 million. And his guaranteed money ranks behind Michael Vick, who really does not count anymore, and Manning.

Roethlisberger's signing bonus, payable over the next two seasons, is almost 2 1/2 times more than the largest paid by the Steelers -- Troy Polamalu's $10,975,000 last summer.

"This is a great birthday present to know that I am going to be a Pittsburgh Steeler for a long time," said Roethlisberger, who made his first Pro Bowl this year.

Roethlisberger's salary cap number will reach almost $8 million this year, a little higher than it would have been had he not signed his new deal. The contract is not an extension but a new 8-year deal that will pay him $2.5 million in salary this year and $4.75 million in 2009, plus a roster bonus next year of $3 million.

His salary leaps to $8.05 million in 2010. He will earn $11.6 million annually through the 2014 season. He will earn $12.1 million in the eighth and final year of the new contract, 2015, unless -- like his rookie contract -- this one is reopened when it has two years remaining.

"You're talking about a really serious commitment on the team's behalf," said agent Ryan Tollner, who, along with his brother Bruce, worked on the deal with the Steelers' negotiator Omar Khan and club president Art Rooney II.

Of course, all of that does not count the additional incentive bonuses he can earn, one reason his salary cap number would have risen this year under the previous deal.

The contract also contains a standard clause that forbids Roethlisberger from participating in "hazardous activities." While the clause does not list each activity, among the examples it cites are riding motorcycles, with or without a helmet.

His $33.2 million in guarantees -- his signing bonus, plus $4 million payments in 2009 and '10 -- protects him in case of a football injury, which would not include a motorcycle accident.

"He is a Steeler, and he will always be a Steeler," owner Dan Rooney said. "We are very pleased with that and what the future will be for us."

Roethlisberger's contract will limit what the Steelers can spend in free agency in the future, but that's the price a team pays for having one of the best quarterbacks in the league. The cap, too, will grow, as it did this year for each team from $109 million to $116 million.

Roethlisberger did alter one of his earlier requests, when he said he would like to see the Steelers keep Alan Faneca (he signed with the Jets) and land a tall wide receiver.

"I believe that we have all the pieces to the puzzle that we can be a championship football team," he said.

Kevin Colbert, the Steelers' director of football operations, said Roethlisberger's salary cap number this year did not rise much because of the new contract. "As you move forward, obviously it will have different ramifications."

"Quarterbacks get compensated a lot, so you knew that going into the season that this was going to be the time that we were going to talk to him," Colbert said. "Then he had a special season, and he earned the big contract. The organization recognized that and was willing to compensate him for that.

"We always have to keep in mind the big picture, but a big part of that big picture is the quarterback."


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« Reply #1 on: Mar 05, 2008 at 20:40 »

Interesting way of doing it.  I figured the deal must have included a huge final year salary that both sides knew would never be paid; he'd either sign a new deal or be released.  Instead, it appears the cap hit will be fairly consistent throughout the last five years of the deal.  In fact, since the cap will inevitably go up each year, this contract will likely be less of an impact on the cap at the end than it is now, from a percentage of total cap standpoint.

This looks very much like a "we want you to be a Steeler for life" kind of contract.  
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« Reply #2 on: Mar 06, 2008 at 08:29 »

I would have preferred from a salary cap point that the contract be more backloaded just because you will have more room at the back just because the cap (if it still exists) will be larger each year.  Having said that, I am just glad that got it done no matter the terms.  

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« Reply #3 on: Mar 06, 2008 at 09:02 »

I actually kind of like the fact that it's pretty straightforward, with a fairly consistent cap hit throughout.  At least we'll know where we stand from year to year.

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« Reply #4 on: Mar 06, 2008 at 09:13 »

Meh.  At some point, we'll pull a Colbert and restructure Ben's deal in a tight cap year, prorating salary into bonus to open space.  But not backloading it a la Danny Snyer says to me we're serious about keeping Ben for life, and not for 5 years and cut.  Better for Ben, too.

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