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

[Meatloaf63]

2 hours ago, Donuts and Doritos said:

How much did he leave for Chase?

The nice thing is those owners are not supper rich and that guaranteed money has to be set aside. It will hamper them going forward with other players.

[Draconator]

 

[Saxum]

1 hour ago, Draconator said:

 

 

if @R. Rich is that rich he can afford to buy game tickets for all TSW members.

He needs a little sun though for he is a bit pale.

[Dr.Sack]

Goodbye Tee Higgins. 

[MJS]

4 hours ago, Mango said:

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. 

The players get 48% of revenue. So, about half of revenue goes to the owners who pay employees, maintain stadiums and other facilities, pay utilities, and all the other costs associated with running a business, including paying pensions and healthcare for retired players. So, it isn't like they are just taking half the money and just using it on themselves.

 

And this is all collectively bargained. If the players association wants a larger cut, they have to bargain for it.

 

I personally think it is fine the way it is. Players are making boat loads of money. Owners are too. Since the players get a percentage of revenue, both parties have incentive to see revenue grow, and contracts are ballooning because revenue has been ballooning. The highest paid player 10 years ago was making $20 million a year. Now it is $55 million per year. Almost tripled in a decade!

[Pine Barrens Mafia]

10 hours 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.

 

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.

 

Problem:

 

Isn't that Brown's entire income, however? He's not like Pegula with business ventures/income elsewhere

 

[C.Biscuit97]

Brown is cheap

Just now, Pine Barrens Mafia said:

 

Problem:

 

Isn't that Brown's entire income, however? He's not like Pegula with business ventures/income elsewhere

 

That’s the problem with these legacy teams. They are rich solely on the franchise. Teams like the Raiders and Bears are pretty cash poor. 

[benderbender]

Burrow: I need a fully guaranteed contract.

 

Bengals: Sorry, you need at least 20 allegations minimum for THAT kind of guaranteed money.

Edited September 8, 2023 by benderbender
more sarcasm

[Mango]

8 hours ago, MJS said:

The players get 48% of revenue. So, about half of revenue goes to the owners who pay employees, maintain stadiums and other facilities, pay utilities, and all the other costs associated with running a business, including paying pensions and healthcare for retired players. So, it isn't like they are just taking half the money and just using it on themselves.

 

And this is all collectively bargained. If the players association wants a larger cut, they have to bargain for it.

 

I personally think it is fine the way it is. Players are making boat loads of money. Owners are too. Since the players get a percentage of revenue, both parties have incentive to see revenue grow, and contracts are ballooning because revenue has been ballooning. The highest paid player 10 years ago was making $20 million a year. Now it is $55 million per year. Almost tripled in a decade!

 

I understand the split. Without derailing the thread, different from other business ventures, the players, their personal lives, and their play on the field are the product. If the players woke up and said "We want 52% of revenue." I would support that. I don't necessarily mean they are getting jobbed. 

 

That said QB contracts are bonkers. To your point the QB contract has nearly tripled while the salary cap has only nearly doubled over the last 10 years. I definitely wish the quarterback wasn't taking such a large piece of the pie these days. 

 

I am surprised that some of these guys haven't caught on. A big part of Brady's longevity was him taking some paycuts over the years for depth at WR, OL, and of course some of those stingy New England defenses. Imagine if Burrow took $40M and said "Make sure you keep Chase, Higgins, and Boyd". 

 

EDIT: QB's are paid like they are Lebron, Kobe, Mike, etc. But honestly, in BB those guys can more or less win you a championship on their own. How many years did Rodgers flounder? Brees? You can't win in the NFL without a QB, but having a QB and paying a QB can make it difficult without being savvy elsewhere. 

Edited September 8, 2023 by Mango

[Chicken Boo]

15 hours ago, Bob Jones said:

NFL owners are certifiably insane.

 

Goes to show how much they and the league, as a whole, really make.  

[nucci]

15 hours ago, Bob Jones said:

NFL owners are certifiably insane.

they run a business that has revenue of approx $12B a year. Very insane

[ticketssince61]

16 hours 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.

 

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.

 

Not sure the accuracy of this source, but

 

Bengals total revenue in 2022 rose 9% to $501 million last year, according to Sportico. That still ranks last in the NFL.

But the team's operating profit jumped to $137 million ranking 11th. 

[Bob Jones]

4 hours ago, nucci said:

they run a business that has revenue of approx $12B a year. Very insane

Some of you seem to be saying that if somebody is filthy rich (NFL owners), then they must be intelligent/smart/sane. Of course that's not true. Would be like saying all poor people are dumb.

[BillsFan4]

32 minutes ago, Bob Jones said:

Some of you seem to be saying that if somebody is filthy rich (NFL owners), then they must be intelligent/smart/sane. Of course that's not true. Would be like saying all poor people are dumb.

I am not by any means trying to argue that Mike Brown is an intelligent owner. I’d say he’s near the bottom of the list of good owners.

 

But I guess I’m just failing to see how you think Burrows contract hurts Mike Brown’s bottom line, or why you think this makes him insane?

 

Besides having to guarantee the money, I would say it’s a big win for Mike Brown’s pocket book. The Bengals are quickly becoming a popular national team with Burrow at QB and have made the AFC championship game twice and the super bowl once in burrow’s 3 years as the starter. That’s more revenue for Mike Brown.

 

I would say he is making more profit by paying Burrow, considering how much he’s already helped the bengals popularity and playoff revenue.

 

 

And what was his alternative? Refuse to guarantee Burrow the market rate, tag him twice and let him walk? Why would they do that to their beloved star franchise QB who wants to spend his entire career in Cincinnati?

[nucci]

1 hour ago, Bob Jones said:

Some of you seem to be saying that if somebody is filthy rich (NFL owners), then they must be intelligent/smart/sane. Of course that's not true. Would be like saying all poor people are dumb.

Not saying that. I'm saying they can afford to pay these contracts because that's the business. Players get a percentage of the revenues. Why do you call them insane?

[cle23]

19 hours ago, Meatloaf63 said:

The nice thing is those owners are not supper rich and that guaranteed money has to be set aside. It will hamper them going forward with other players.

 

They don't have to set aside the full amount anymore.  They "may" require it,  but pretty well assumed at this point that they don't given that the NFL isn't going broke at this point. 

[Bob Jones]

1 hour ago, nucci said:

Not saying that. I'm saying they can afford to pay these contracts because that's the business. Players get a percentage of the revenues. Why do you call them insane?

Because they are responsible for paying these totally outrageous salaries, and no one is forcing them to do so.

 

Some regular Joe/Jane can start their work career at age 21, making a $100k a year, work for FORTY PLUS YEARS, work 50 or so weeks a year, 5 days a week, 40 hours a week, and only make about $4.5 million over those 40 years. He/she may make more with raises, so let’s just say $6 million over 44 years. Of course, most people will not even make as much as I’m showing in my scenario here.

 

These athletes are making $40 million (or even more now) over A SEVEN MONTH work period.

 

To me, that’s insane. And it got to this point because owners made it happen.

 

[LeGOATski]

10 minutes ago, Bob Jones said:

... and no one is forcing them to do so.

You think they just come up with arbitrary numbers?

11 minutes ago, Bob Jones said:

 

To me, that’s insane. And it got to this point because owners made it happen.

 

I think you're fundamentally misunderstanding the NFL salary dynamics

 

Fans who shovel money to the NFL are just as insane, I guess

[GoBills!]

Allen should just take a part of PSE group in his next deal. Keep him invested and long term financial income. 

[DrDawkinstein]

16 minutes ago, GoBills! said:

Allen should just take a part of PSE group in his next deal. Keep him invested and long term financial income. 

 

I got some bad news for you...