Ebenezer
07-23-2003, 11:25 AM
Did anybody see this? It took me 10 mintues to figure it out. Here is an abbreviated view of the Carson Palmer contract:
1. QB Carson Palmer, Southern California (No. 1 overall): Signing bonus: $10,010,000. Base salaries: $1,070,000 (2003); $1,338,000 (2004); $1,605,000 (2005, plus $4,000,000 option bonus); $1,872,500 (2006); $2,140,500 (2007); $2,407,500 (2008); $1,267,500 (2009). Note: The base salaries for 2005 and 2006 are fully guaranteed and $522,500 of the base salary for 2007 is guaranteed. If certain performance and playing time benchmarks are achieved in 2003 or 2004, the base salaries escalate to $3,420,000 (2004); $3,750,000 (2005); $4,750,000 (2006, plus $1,500,000 roster bonus); $5,875,000 (2007, plus $1,500,000 roster bonus). The base salary for 2008 escalates to $8,125,000 based on minimum playing time in either 2005 or 2006. The 2009 season is voided if player achieves minimum playing time levels in any season between 2005-2008. Total: seven years, $21,710,500, or six years for up to $49 million. Cap charge: $2,500,000.
1. QB Carson Palmer, Southern California (No. 1 overall): Signing bonus: $10,010,000. Base salaries: $1,070,000 (2003); $1,338,000 (2004); $1,605,000 (2005, plus $4,000,000 option bonus); $1,872,500 (2006); $2,140,500 (2007); $2,407,500 (2008); $1,267,500 (2009). Note: The base salaries for 2005 and 2006 are fully guaranteed and $522,500 of the base salary for 2007 is guaranteed. If certain performance and playing time benchmarks are achieved in 2003 or 2004, the base salaries escalate to $3,420,000 (2004); $3,750,000 (2005); $4,750,000 (2006, plus $1,500,000 roster bonus); $5,875,000 (2007, plus $1,500,000 roster bonus). The base salary for 2008 escalates to $8,125,000 based on minimum playing time in either 2005 or 2006. The 2009 season is voided if player achieves minimum playing time levels in any season between 2005-2008. Total: seven years, $21,710,500, or six years for up to $49 million. Cap charge: $2,500,000.