Re: [patriotzip] Re: $30 mil for 4 years...
- frank.dana@... ("Frank") writes:
> Well, I read Miguel's statement on Richard's contract. I have to say,Read Reiss's blog.
> it didn't make me feel much better. Besides the relatively high cap
> numbers after this year, he makes this statement;
> "Next year, Seymour is due an option bonus of $18.66 million. If the
> option is not exercised, Seymour will become a free agent in 2008, and
> his 2007 base salary becomes $19.26 million AND is guaranteed."
The $18.66mil option is split into two pieces -- $6.66mil and $12mil.
The $6.66mil piece can be paid any time from 4 Aug 2006 to next March.
The $12mil peice is due next March. This is obviously the Pats working
around the "can't give a guy more than one raise in twelve months" rule.
I fully expect the $6.66mil piece will be paid 4 Aug 2006 and so count
against the 2006 cap.
Rich Carreiro rlcarr@...