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Thread: Question about contracts and bust players

      
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    Default Question about contracts and bust players

    Can anyone tell me what happens when a player gets drafted and signs a big contract but turns out to be a complete bust? Do the team have to pay out his entire contract or just one years worth?

    Example: Steelers draft Jamain Stephens (1996)

    Fresh off of a Super Bowl season, the Steelers needed help at OT to replace all-pro Leon Searcy, who had departed via free agency. So they decided to take Stephens, a massive tackle (6'6" 330) out of a tiny school (North Carolina A&T). They said it would take him years to develop. That should've been their first hint that this was a bad pick. In three seasons, Stephens barely played, and when he did he was horrible. On the first day of training camp in 1999, he collapsed during sprints (not because of heatstroke, but because he was an out-of-shape fatass). He was cut that evening.

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by Irish Goonatic View Post
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    Can anyone tell me what happens when a player gets drafted and signs a big contract but turns out to be a complete bust? Do the team have to pay out his entire contract or just one years worth?

    Example: Steelers draft Jamain Stephens (1996)

    Fresh off of a Super Bowl season, the Steelers needed help at OT to replace all-pro Leon Searcy, who had departed via free agency. So they decided to take Stephens, a massive tackle (6'6" 330) out of a tiny school (North Carolina A&T). They said it would take him years to develop. That should've been their first hint that this was a bad pick. In three seasons, Stephens barely played, and when he did he was horrible. On the first day of training camp in 1999, he collapsed during sprints (not because of heatstroke, but because he was an out-of-shape fatass). He was cut that evening.
    Yup, one of the biggest bums to ever put on a Steelers jersey.

    Anyway, he would have been paid his signing bonus, which he would have kept completely, and paid for the 1996, 1997 and 1998 seasons. Since he was cut in training camp in 1999, he would have received nothing for that season.

    If he had been cut in training camp in his first year, he would have been able to keep the signing bonus only.

    I know there are situations where a team is on the hook for the annual salary too, even if a guy is cut before or after the season starts, but I'm not sure when that applies.
    Last edited by Crosby Clan; Jan-14-2010 at 03:12 PM.

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    Default Re: Question about contracts and bust players

    Would that have affected the salary cap in the following years or would his salary/bonus come out of the owners pockets?

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by Irish Goonatic View Post
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    Would that have affected the salary cap in the following years or would his salary/bonus come out of the owners pockets?
    The bonus affects the salary cap, as does any payout. If I'm not mistaken the bonus is pro-rated over the length of the contract, so if a guy is cut there may still be cap implications in future years.

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    Default Re: Question about contracts and bust players

    Bloody hell its a risky business on draft day. Imagine Ben had been a bust, we'd be paying him off for 7 years.

    Thanks for the info.

    Here's a serious bust: Ryan Leaf

    1998 draft

    When they entered the 1998 draft, Manning and Leaf were widely considered to be the two best overall players in the draft. The San Diego Chargers held the third pick of the draft, but made a trade with the Arizona Cardinals to guarantee their team would get one of the two quarterbacks. To move up to the second pick in the draft, the Chargers traded two first-round picks, a second-round pick, reserve linebacker Patrick Sapp and three-time Pro Bowler Eric Metcalf.

    There was some debate leading up to the draft as to whether Leaf or Manning should be selected first. At 6-foot-5 and 240 pounds, Leaf was bigger and stronger, but most analysts agreed that Manning was the more mature player and the consensus top choice. However, differences in potential between the two seemed small enough that most observers expected it would not greatly matter whether a team selected Manning or Leaf.

    On draft day, Manning was selected first by the Colts and Leaf second by the San Diego Chargers. Other quarterbacks in that year's draft included future NFL quarterbacks Brian Griese, Charlie Batch, and Matt Hasselbeck. Following the draft, the Chargers signed Leaf to a four-year contract worth $31.25 million, including a guaranteed $11.25 million signing bonus. It was, at the time, the largest signing bonus ever paid to a rookie. Shortly after being drafted, Leaf declared, "I'm looking forward to a 15 year career, a couple of trips to the Super Bowl, and a parade through downtown San Diego."

    During his brief career in the NFL, Leaf appeared in 25 games and made 21 starts. He completed 315 of 655 passes for 3,666 yards, with 14 touchdowns and 36 interceptions. Leaf's career passer rating was 50.0, much lower than the 78.9 league average between 2000 and 2003.

    On November 5, 2008, Leaf was put on indefinite leave from his coaching position at West Texas A&M for allegedly asking one of his players for a pill to help him deal with pain in his wrist dating to his NFL playing days, according to ESPN's Joe Schad. On November 6, 2008, he resigned from his position at West Texas. West Texas finished 11-2 and quarterback Keith Null was selected in the 6th round of the 2009 NFL Draft.

    On May 21, 2009, Leaf was indicted on burglary and controlled substance charges in Texas. Leaf was reportedly undergoing drug rehab in British Columbia, Canada at the time of the indictment. Ryan posted a $45,000 bond Wednesday June 17, 2009 in Washington for drug and burglary charges out of Texas, after being arrested by customs agents as he returned to the United States from Canada.

    source wiki.

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by Crosby Clan View Post
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    The bonus affects the salary cap, as does any payout. If I'm not mistaken the bonus is pro-rated over the length of the contract, so if a guy is cut there may still be cap implications in future years.
    Isn't that what they call "Dead Cap Money"?

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by bdeff View Post
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    Isn't that what they call "Dead Cap Money"?
    You're right, here's a link.

    http://www.mlive.com/lions/index.ssf...o_lions_c.html

    sorry can't seem to get the code link to work
    Last edited by Irish Goonatic; Jan-14-2010 at 04:09 PM.

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by Irish Goonatic View Post
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    Bloody hell its a risky business on draft day. Imagine Ben had been a bust, we'd be paying him off for 7 years.

    Thanks for the info.

    Here's a serious bust: Ryan Leaf

    1998 draft

    When they entered the 1998 draft, Manning and Leaf were widely considered to be the two best overall players in the draft. The San Diego Chargers held the third pick of the draft, but made a trade with the Arizona Cardinals to guarantee their team would get one of the two quarterbacks. To move up to the second pick in the draft, the Chargers traded two first-round picks, a second-round pick, reserve linebacker Patrick Sapp and three-time Pro Bowler Eric Metcalf.

    There was some debate leading up to the draft as to whether Leaf or Manning should be selected first. At 6-foot-5 and 240 pounds, Leaf was bigger and stronger, but most analysts agreed that Manning was the more mature player and the consensus top choice. However, differences in potential between the two seemed small enough that most observers expected it would not greatly matter whether a team selected Manning or Leaf.

    On draft day, Manning was selected first by the Colts and Leaf second by the San Diego Chargers. Other quarterbacks in that year's draft included future NFL quarterbacks Brian Griese, Charlie Batch, and Matt Hasselbeck. Following the draft, the Chargers signed Leaf to a four-year contract worth $31.25 million, including a guaranteed $11.25 million signing bonus. It was, at the time, the largest signing bonus ever paid to a rookie. Shortly after being drafted, Leaf declared, "I'm looking forward to a 15 year career, a couple of trips to the Super Bowl, and a parade through downtown San Diego."

    During his brief career in the NFL, Leaf appeared in 25 games and made 21 starts. He completed 315 of 655 passes for 3,666 yards, with 14 touchdowns and 36 interceptions. Leaf's career passer rating was 50.0, much lower than the 78.9 league average between 2000 and 2003.

    On November 5, 2008, Leaf was put on indefinite leave from his coaching position at West Texas A&M for allegedly asking one of his players for a pill to help him deal with pain in his wrist dating to his NFL playing days, according to ESPN's Joe Schad. On November 6, 2008, he resigned from his position at West Texas. West Texas finished 11-2 and quarterback Keith Null was selected in the 6th round of the 2009 NFL Draft.

    On May 21, 2009, Leaf was indicted on burglary and controlled substance charges in Texas. Leaf was reportedly undergoing drug rehab in British Columbia, Canada at the time of the indictment. Ryan posted a $45,000 bond Wednesday June 17, 2009 in Washington for drug and burglary charges out of Texas, after being arrested by customs agents as he returned to the United States from Canada.

    source wiki.
    Here is an interesting story that the GM of the colts Bill Polian told (Incidently he also orchestrated the bills winning 4 straight AFC championships) They asked the same question of Peyton and Ryan before the draft during the combine the year they were both drafted. If you were to be the first player taken in the draft what is the first thing you would do.

    Peyton's response: I'd ask the coach for the playbook and take it home and study it.

    Ryan's response: I'd call all my friends and we'd go to Las Vegas for the weekend.

    Quite interesting now that we see how things have worked out many years later.

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by steel0710 View Post
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    Peyton's response: I'd ask the coach for the playbook and take it home and study it.

    [HIGH-LIGHT]Ryan's response: I'd call all my friends and we'd go to Las Vegas for the weekend[/HIGH-LIGHT].
    ... Looks like he rolled "snake eyes"...
    "You only have one life, and you will not get out alive. Make the most of your time and have no regrets." - Me.

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    Default Re: Question about contracts and bust players

    Basicly I would think it would depend on how the contract is structured, doubt rookie contracts get much of anything guaranteed with the exception of the signing bonus, I may be wrong. Most tenured players don't get guaranteed money except for the signer, only top player elite players get contract years guaranteed, it is the nature of the NFL...as it should be IMO. Most players and agents try to get a bunch of bonus bull**** put into their deals...added incentive.

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    Default Re: Question about contracts and bust players

    Quote Originally Posted by Crosby Clan View Post
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    Yup, one of the biggest bums to ever put on a Steelers jersey.

    Anyway, he would have been paid his signing bonus, which he would have kept completely, and paid for the 1996, 1997 and 1998 seasons. Since he was cut in training camp in 1999, he would have received nothing for that season.

    If he had been cut in training camp in his first year, he would have been able to keep the signing bonus only.

    I know there are situations where a team is on the hook for the annual salary too, even if a guy is cut before or after the season starts, but I'm not sure when that applies.

    He did suck at tackle and it was a major reach for the Steelers. It wasn't his fault he was drafted as an offensive tackle. It was a reach and then sum. I always thought they should have thrown him on defense to see what he could do.

    Darryl Simms was another giant bust. I remember he said to a reporter after being questioned about his lack luster performance, " I didn't tell them to draft me at number one. "

    Huey Richardson was another bust and Cowher didn't waste any time getting rid of him when he took over the team. Huey was so freakin lost out there.

    For all the stats the NFL has, I wonder what the stats are for teams and their number one selections. What team and player did the best or worse ?

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