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It took years of on-field deeds for Cincinnati Bengals quarterback Carson Palmer, the reigning Heisman Trophy winner from Southern California, to merit the $10.01 million signing bonus he recently received as the first player selected in the 2003 draft.
It might take just a few words, however, to lose the eight-figure jackpot.
The contract that Palmer signed with Cincinnati three days before the draft, a six-year deal that could be worth as much as $49 million according to NFL Players Association calculations, includes a loyalty clause Bengals officials have been negotiating into deals for the last few years.
Under terms of the loyalty clause, Palmer could conceivably forfeit his entire signing bonus if he makes remarks critical of the Bengals during his first season with the team. The penalty is prorated, annually reduced by one-sixth of the total signing bonus, for the subsequent seasons....
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It might take just a few words, however, to lose the eight-figure jackpot.
The contract that Palmer signed with Cincinnati three days before the draft, a six-year deal that could be worth as much as $49 million according to NFL Players Association calculations, includes a loyalty clause Bengals officials have been negotiating into deals for the last few years.
Under terms of the loyalty clause, Palmer could conceivably forfeit his entire signing bonus if he makes remarks critical of the Bengals during his first season with the team. The penalty is prorated, annually reduced by one-sixth of the total signing bonus, for the subsequent seasons....
more
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