The Detroit Lions stole headlines Wednesday morning when they announced they had signed superstar wide receiver Calvin Johnson to a seven-year, $132 million extension.
Johnson's new deal is $12 million more than the previous richest NFL contract: fellow wideout Larry Fitzgerald's with the Arizona Cardinals.
Although the numbers are gaudy, Megatron will probably never come close to earning all of the $132 million in his contract.
In order to protect teams from injuries and/or diminished returns, NFL contracts are structured around huge signing bonuses, front-loaded guaranteed money, and numerous performance incentives.
Basically, it is very difficult for ANY player to ever come close to earning every penny included in his deal. That's especially true when said deal approaches or even surpasses the $100 million plateau.
Brett Favre got $100 over 10 years from Green Bay in 2001. He was no longer a Packer by 2008.
Source: ESPN
Drew Bledsoe signed a huge 10-year, $103 million deal with New England in 2001. It was the same year some guy named Tom Brady took over for the Patriots.
Source: ESPN
Philadelphia signed Donovan McNabb for what looked like the final contract of his career when they gave him $115 million over 12 years. On top of losing playing time and money due to injuries, McNabb eventually left town to make room for Kevin Kolb and Michael Vick.
Source: ESPN
See the rest of the story at Business Insider
Please follow Sports Page on Twitter and Facebook.
See Also:
- History Says Peyton Manning Is Going To Crash And Burn Wherever He Goes
- Detroit Lions Superstar Calvin Johnson Just Signed The Biggest Contract In NFL History
- Peyton Manning Has Narrowed Down His Decision To These Two Teams
Florida Marlins Houston Astros Los Angeles Dodgers Milwaukee Brewers New York Mets Philadelphia Phillies
No comments:
Post a Comment