Joe Burrow huge extension 5 years $275 million now highest paid QB

[WEATHER DOT COM]

1 minute ago, Bob Jones said:

NFL owners are certifiably insane.

 

Because they agree to pay these guys their market value?

[BarleyNY]

3 minutes ago, Mango said:

Oh for sure. I was just taking cap numbers. I don’t care how much Pegula has paid him. Just his cap number.

It was a market value extension at the time it was done. It was done at a lucky time as NFL revenue and the cap have exploded.

[Generic_Bills_Fan]

Did this guy not say he was gonna take a pay cut to keep his weapons not too long ago? Lol what a crock 

[Allen2Moulds]

16 minutes ago, Donuts and Doritos said:

How much did he leave for Chase?

He'll get his too, but you have to believe that Tee Higgins is as good as gone after this year.

[Bob Jones]

6 minutes ago, WEATHER DOT COM said:

 

Because they agree to pay these guys their market value?

I will LMAO when one (or more) of these guys who have these insanely high cost contracts get hurt, and the owner(s) have to pay them their "guaranteed" money for sitting at home playing Xbox. The high amounts of the contracts are insane, but giving out so much guaranteed money takes the insanity to a new level. 😉

[Goin Breakdown]

11 minutes ago, WEATHER DOT COM said:

 

Because they agree to pay these guys their market value?

I'm kinda with the other dude. The owners keep resetting the market and creating the value. That's my worthless opinion. 

[BillsFan4]

$219 million guaranteed. The most guaranteed money Mike Brown had ever given out prior to this was $31 million for Orlando Brown Jr. in March. Before that was $30M to Carson Palmer way back in 2005. The Bengals have been extremely stingy on guarantees.

 

Mike Brown obviously had no choice in this case. But that’s like $250 million in guarantees just this year. They also have Chase coming due for a new deal. They're going to have to give him some hefty guaranteed money too.

I believe that guaranteed money has to be put in the bank up front.

I know Bengals have been spending more in recent years, but I’m still curious to see if this deal has any effect on the way they operate, at least in the next few years. Is Mike Brown going to be willing to keep spending like he has?

 

 

[BBFL]

I read somewhere that Nick Bosa, Chris Jones and Joe Burrow all have the same agent…

 

That guy is making some serious bank this month. 

[Matt_In_NH]

39 minutes ago, JaCrispy said:

Not til at least 3/4 years into the new deal…

It’s up to josh

[Mango]

17 minutes ago, Bob Jones said:

I will LMAO when one (or more) of these guys who have these insanely high cost contracts get hurt, and the owner(s) have to pay them their "guaranteed" money for sitting at home playing Xbox. The high amounts of the contracts are insane, but giving out so much guaranteed money takes the insanity to a new level. 😉

I actually don’t mind the contract value. It’s billionaires paying millionaires a fraction of the product they produce. I’d be for the salary cap taking a larger percentage. 
 

I do wish the QB market was less of a percentage though. 

[Beast]

39 minutes ago, Bob Jones said:

NFL owners are certifiably insane.

Yeah. Poor guys aren’t making any money themselves.

[MJS]

43 minutes ago, Bob Jones said:

NFL owners are certifiably insane.

I wouldn't mind being insane like that.

 

Edited September 8, 2023 by MJS

[Taro Nimbus]

They just had to wait to announce this during the Chiefs game.  Just to try and upstage them.  

[Straight Hucklebuck]

Now we await the Spotrac breakdown of the contract to see how it is structured in order to allow the Bengals to keep Chase and Higgins. 

[Lieutenant Aldo Raine]

4 minutes ago, MJS said:

I wouldn't mind being insane like that.

 

Ditto

[scuba guy]

Throw more balls to the good guys pat

[eball]

Are people really worried about Josh after this?  That dude wants a “fair” deal but he is not about squeezing every dime he can out of his football career.  He’s a smart guy with a good family.  He knows he is set for life and he wants to win championships.  The only pressure on Josh will be from agents and players who don’t want him to accept less than market value.

 

[BillsFan4]

1 hour ago, Bob Jones said:

NFL owners are certifiably insane.

Just to put this deal into perspective - The total amount of Burrow’s 5 year deal is less than an NFL owner makes in a single season. The Bengals owner spent $89 million in 2022 in operating expenses and made $462 million. So just shy of $375 million in profit. In a single year.

 

In the NFL there is a salary cap ceiling and floor (every team has to spend to at least 89% of the cap in a 4yr period). Every team decides how to spend that allotted money. Even teams without a big QB contract on their books are spending a similar amount of total money on players.

[Bob Jones]

4 minutes ago, BillsFan4 said:

Just to put this deal into perspective - The total amount of Burrow’s 5 year deal is less than an NFL owner makes in a single season. The Bengals owner spent $89 million in 2022 in operating expenses and made $462 million. So just shy of $375 million in profit. In a single year.

Did the Bengals owner pay any taxes on that $375million? I’m thinking YES, so he’s not netting as much as you seem to think.

Edited September 8, 2023 by Bob Jones

[BillsFan4]

6 minutes ago, Bob Jones said:

Did the Bengals owner pay any taxes on that $375million? I’m thinking YES, so he’s not netting as much as you seem to think.

Ok, say he didn’t use any tricks or deductions and paid the full 24% federal tax rate + 4% Ohio tax rate (which seems unlikely since multi millionaires often only pay a small fraction of that) - he’d still have made about $270 million last year from the bengals. So, still as much as Burrow will make over the next 5 years. And NFL profits continue to rise almost every year. So Brown will probably make more than 5x what Burrow will over that 5 year span.

 

So the owner of one of the least profitable NFL teams (2nd least iirc) is making 5x more than the highest paid NFL player.

 

 

All of this is kind of missing the point of my post though. There is a salary cap ceiling/floor and every team spends a similar amount of total money on players every season. The cap is tied to NFL profits and each team has to spend a percentage of the cap every season. So if they give one massive deal and 52 tiny ones, they’re still spending a similar amount of money to other teams.