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

[Meatloaf63]

2 hours ago, cle23 said:

 

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. 

Show me where they don’t, it had nothing to do with the overall NFL financial health it’s a NFL requirement.  

 

”The Cowboys, valued by Forbes at $8 billion, have an edge when it comes to signing players to guaranteed deals over a team like the Bengals, who according to Forbes are worth $3 billion. Neither club is going broke, certainly, but when owners sign a player to a fully guaranteed contract, NFL rules require the team to place the full dollar amount of the contract into an escrow account. Some owners, and family members, rely on income from the team for their livelihoods. Others, such as the Browns, who are owned by truckstop mogul Jimmy Haslam, who’s worth an estimated $5.5 billion, can afford to squirrel away $230 million more easily than some other organizations. The Watson deal could divide the NFL teams into haves and have-nots, with only the wealthiest owners able to lure top talent with guaranteed contracts.”

Edited September 9, 2023 by Meatloaf63

[Buffalo Junction]

15 minutes ago, Meatloaf63 said:

Show me where they don’t, it had nothing to do with the overall NFL financial health it’s a NFL requirement.  

 

”The Cowboys, valued by Forbes at $8 billion, have an edge when it comes to signing players to guaranteed deals over a team like the Bengals, who according to Forbes are worth $3 billion. Neither club is going broke, certainly, but when owners sign a player to a fully guaranteed contract, NFL rules require the team to place the full dollar amount of the contract into an escrow account. Some owners, and family members, rely on income from the team for their livelihoods. Others, such as the Browns, who are owned by truckstop mogul Jimmy Haslam, who’s worth an estimated $5.5 billion, can afford to squirrel away $230 million more easily than some other organizations. The Watson deal could divide the NFL teams into haves and have-nots, with only the wealthiest owners able to lure top talent with guaranteed contracts.”

That’s a bit off. It’s 100% of guaranteed money into escrow. Non guaranteed salary can come from elsewhere. That’s why owners fight so hard against fully guaranteed contracts. That interest alone from that Burrow guaranteed money is at a minimum $10 million a year Brown isn’t pocketing. Guys like Pegula, Kraft and Kroenke can swallow it. Same with the Packer without an owner. For guys like Brown and Davis losing that liquidity and interest is a big deal. It’s one of the reasons that the raiders had to trade Kahlil Mack. Separates the rich owners from the guys who survive on NFL cash. Jones is a bit different because of how big the cowboys brand is. 

[GunnerBill]

On 9/8/2023 at 1:49 AM, Mango said:

Not disparaging Allen or Beane, but Allen basically hasn’t started getting paid on that deal. He’s only counting $18M this year. He’ll be bouncing in the 40’s and even low 50’s going forward. 
 

 

 

Well they keep kicking the can. This year shoulda been the first big cap year before the restructure. I imagine they restructure again next year.

[Caesar]

On 9/7/2023 at 9:21 PM, BBFL said:

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. 

 

Bosa & Burrow have the same agent (Ayrault).  Jones has the Katz brothers.

On 9/7/2023 at 11:02 PM, 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.

Why are you leaving out the over 200M spent on players salaries?  Operating expenses is staff and buildings costs.

[Mango]

3 hours ago, GunnerBill said:

 

Well they keep kicking the can. This year shoulda been the first big cap year before the restructure. I imagine they restructure again next year.

Yeah, I’ve actually been a bit more apt to sit back the last few years and not turn into NO. Not to derail but some of the draft misses are also combined with big FA spend to fill the gaps. Not on any single player. Just a lot of them.  So next year this Bills are -$33M with only 2 DE under contract. We’ll be taking one if not 2 high in the draft on the heels of taking 3 DE high in the draft and nothing to show for it. 

[GunnerBill]

14 minutes ago, Mango said:

Yeah, I’ve actually been a bit more apt to sit back the last few years and not turn into NO. Not to derail but some of the draft misses are also combined with big FA spend to fill the gaps. Not on any single player. Just a lot of them.  So next year this Bills are -$33M with only 2 DE under contract. We’ll be taking one if not 2 high in the draft on the heels of taking 3 DE high in the draft and nothing to show for it. 

 

Agree all though in fairness the two under contract are our starters and whether AJE had been good or bad we'd have been in this spot with him by the end of this year. Save I suppose for if he had been so good we had never needed to sign Von. 

 

The Boogie miss hurts. Him being so bad that we are giving him away for a dime two years into a cheap rookie deal definitely hurts the long term outlook. 

 

Benford (or less likely Elam) hitting big would be massive for them. As would a big Greg leap. Because they need to have one premium position beyond Josh manned by a young guy who is legit top 10 at his position. Dion, Tre, Stef have all been good to excellent Bills but they are all getting longer in the tooth.

 

EDIT: just on the Josh point I reckon a restructure clears about half of that $33m deficit. 

 

There are some tougher calls coming on how you solve the other half. I think strong odds Poyer and Morse are gone.

Edited September 9, 2023 by GunnerBill

[No_Matter_What]

2 hours ago, Mango said:

Yeah, I’ve actually been a bit more apt to sit back the last few years and not turn into NO. Not to derail but some of the draft misses are also combined with big FA spend to fill the gaps. Not on any single player. Just a lot of them.  So next year this Bills are -$33M with only 2 DE under contract. We’ll be taking one if not 2 high in the draft on the heels of taking 3 DE high in the draft and nothing to show for it. 

 

2 hours ago, GunnerBill said:

 

Agree all though in fairness the two under contract are our starters and whether AJE had been good or bad we'd have been in this spot with him by the end of this year. Save I suppose for if he had been so good we had never needed to sign Von. 

 

The Boogie miss hurts. Him being so bad that we are giving him away for a dime two years into a cheap rookie deal definitely hurts the long term outlook. 

 

Benford (or less likely Elam) hitting big would be massive for them. As would a big Greg leap. Because they need to have one premium position beyond Josh manned by a young guy who is legit top 10 at his position. Dion, Tre, Stef have all been good to excellent Bills but they are all getting longer in the tooth.

 

EDIT: just on the Josh point I reckon a restructure clears about half of that $33m deficit. 

 

There are some tougher calls coming on how you solve the other half. I think strong odds Poyer and Morse are gone.

 

Agree with both  of you, just one technical note - you are assuming Sportrac is correct with its expectation of cap to be $240M. There are other estimates on google, ranging from $250M to $256M, so situation might be actually a little (or significantly) better. Oh and technically we have 3 DEs under contract - Jonathan being the 3rd. I think we use him as DE more than DT.

 

 

[GunnerBill]

34 minutes ago, No_Matter_What said:

 

 

Agree with both  of you, just one technical note - you are assuming Sportrac is correct with its expectation of cap to be $240M. There are other estimates on google, ranging from $250M to $256M, so situation might be actually a little (or significantly) better. Oh and technically we have 3 DEs under contract - Jonathan being the 3rd. I think we use him as DE more than DT.

 

 

 

Yea Jonathan is an edge not a tackle. Forgot about him. Wonder how he gets used this year. A guy like him might be hurt by our heavy rotation because we rotate a whole second unit in which means they all need to be able to play as a base end. I think Jonathan really wants to be a pass rush specialist only in on 2nd/3rd and longs lined up as a wide 9 and let go hunt. If they want him to play the run well on 1st down he won't and he will get taken off the field. It's about usage.

[BillsFan4]

Bengals QB Joe Burrow wants to keep him and WRs Tee Higgins, Ja'Marr Chase together: 'We're working to make that happen'
https://sports.yahoo.com/bengals-qb-joe-burrow-wants-to-keep-him-and-wrs-tee-higgins-jamarr-chase-together-were-working-to-make-that-happen-204120421.html
 

Quote

Joe Burrow should be among the next young quarterbacks to sign a lucrative long-term extension, but the Cincinnati Bengals star sounds like he'd rather keep his most trusted pass-catchers around than secure a record-setting deal.

 

Burrow told reporters Tuesday that "whenever you have guys on the team that need to be paid, that's always on your mind."

 

"You want that to be a focal point," Burrow said, regarding keeping Higgins and Chase. "We're working to make that happen. ... You gotta have good players. It doesn't matter how good your quarterback is. If you don't have good players around him, you're not going to be a very good team."

 

 

Quote

Higgins even noted Tuesday that he, Burrow and Chase all "talk about staying together for the long run."

"Hopefully we can do that," Higgins said, "and get something negotiated to where they can keep all three of us."

 

Like Higgins, Chase sounded like he believes Burrow won't chase market-setting money and instead look to keep the Bengals' offensive core intact.
 

“He knows what he has to do to win and he wants to win," Chase said. "He's a winning guy. He's not a quarterback that's always interested in money and all that other stuff. He just wants to win, and that's the big thing about Joe."

 

So much for that… lol

[ColoradoBills]

13 hours ago, Buffalo Junction said:

That’s a bit off. It’s 100% of guaranteed money into escrow. Non guaranteed salary can come from elsewhere. That’s why owners fight so hard against fully guaranteed contracts. That interest alone from that Burrow guaranteed money is at a minimum $10 million a year Brown isn’t pocketing. Guys like Pegula, Kraft and Kroenke can swallow it. Same with the Packer without an owner. For guys like Brown and Davis losing that liquidity and interest is a big deal. It’s one of the reasons that the raiders had to trade Kahlil Mack. Separates the rich owners from the guys who survive on NFL cash. Jones is a bit different because of how big the cowboys brand is. 

 

I don't think the "escrow" money is sewn into some mattress.  It's in some sort of an account making money.

[Billl]

14 hours ago, Meatloaf63 said:

Show me where they don’t, it had nothing to do with the overall NFL financial health it’s a NFL requirement.  

 

”The Cowboys, valued by Forbes at $8 billion, have an edge when it comes to signing players to guaranteed deals over a team like the Bengals, who according to Forbes are worth $3 billion. Neither club is going broke, certainly, but when owners sign a player to a fully guaranteed contract, NFL rules require the team to place the full dollar amount of the contract into an escrow account. Some owners, and family members, rely on income from the team for their livelihoods. Others, such as the Browns, who are owned by truckstop mogul Jimmy Haslam, who’s worth an estimated $5.5 billion, can afford to squirrel away $230 million more easily than some other organizations. The Watson deal could divide the NFL teams into haves and have-nots, with only the wealthiest owners able to lure top talent with guaranteed contracts.”

It’s pretty easy for even the “poorest” owners to borrow against the equity in their franchises in order to secure loans for that escrow money.  That money, in turn, can still be invested while it’s in escrow to offset some of the interest on the note.  It’s not revenue neutral in most cases, but it’s been wildly overblown in terms of the degree to which it creates an advantage/disadvantage depending on the owners’ net worth.

[Buffalo Junction]

3 hours ago, Billl said:

It’s pretty easy for even the “poorest” owners to borrow against the equity in their franchises in order to secure loans for that escrow money.  That money, in turn, can still be invested while it’s in escrow to offset some of the interest on the note.  It’s not revenue neutral in most cases, but it’s been wildly overblown in terms of the degree to which it creates an advantage/disadvantage depending on the owners’ net worth.

They may have changed the rules, but there used to be a limit of $150 million with regards to borrowing against the equity of the franchise. That said, they can also sell 30% to partners. 

[Chaos]

[Chicken Boo]

On 9/7/2023 at 9:11 PM, Allen2Moulds said:

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

 

Not necessarily.  They can sign Higgins in the offseason once the cap figure goes up. 

 

Chase isn't due for a new deal until the end of 2024.  

 

It can be done.

[NoSaint]

6 hours ago, Billl said:

It’s pretty easy for even the “poorest” owners to borrow against the equity in their franchises in order to secure loans for that escrow money.  That money, in turn, can still be invested while it’s in escrow to offset some of the interest on the note.  It’s not revenue neutral in most cases, but it’s been wildly overblown in terms of the degree to which it creates an advantage/disadvantage depending on the owners’ net worth.

investments being of course relative as you obviously can’t let the money just *poof* and disappear 

51 minutes ago, Chicken Boo said:

 

Not necessarily.  They can sign Higgins in the offseason once the cap figure goes up. 

 

Chase isn't due for a new deal until the end of 2024.  

 

It can be done.

chase, who is eligible for a new deal next year, May be interested in getting paid next year. 

[ganesh]

On 9/8/2023 at 6:15 AM, JaCrispy said:

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

Or if he wins the SB.  Then his desk will be refine to make him the highest paid QB in the nfl

[Unforgiven]

f joe burrow.

[Bob Jones]

Burrow looked pretty good today. /s LOL

 

Wonder if the Bengals owner has any "buyer's remorse" today. LOL again

[Saxum]

20 minutes ago, Bob Jones said:

Burrow looked pretty good today. /s LOL

 

Wonder if the Bengals owner has any "buyer's remorse" today. LOL again

 

Usually players who played just for the money wait for a while before tanking.

So much guaranteed money makes it easier.

 

 

[Eastport bills]

“Joe Cool” is a top 5 QB in the NFL.  He had to get paid.  His performance today against a revved up Browns defense was that of a tentative, injury compromised QB. How long this level of play lasts is anyone’s guess, but I would be a little concerned about his ability to stay healthy for the long haul.