LJ's Contract and what the Chiefs "might" be doing at this point
by THE_TRUTH on Oct 27, 2009 2:16 PM CDT
11 comments
2009: $4.55 million (+ $100,000 workout bonus + $62,500 per-game roster bonuses),2010: $5 million (+ $1 million roster bonus due 3/1 + $100,000 workout bonus + $62,500 per-game roster bonuses),
2011: $5.3 million (+ $1 million roster bonus due 3/1 + $100,000 workout bonus + $62,500 per-game roster bonuses),
2012: $5.9 million (+ $1 million roster bonus due 3/1 + $100,000 workout bonus + $62,500 per-game roster bonuses),
2013: Free Agent. Cap charge: $7.596 million (2009).
Per the above it seems that The Chiefs would owe him 5.3 + 5.9 million= $11.2 Mil for the 2011 and 2012 season if they would outright release him.
As most of you remember, they went to arbitration in regards to the 2009 bonus which they won, however, since he was on the roster opening day, he was actually paid that money.I felt in the end they did that to prove a point, but it obviously fell on deaf ears.
Considering that the Chiefs cap is definitely player friendly at this point I don't think the hit would necessarily cause a problem for the organization, however from a "principle" perspective I don't see Pioli and Co., not going to arbitration to try to retain that money if they were to release him after a lengthy "unpaid" suspension.
So what are your thoughts...even if the Chiefs were to lose arbitration, would you be fine with letting him go and paying the $11.2 million?
This is a FanPost and does not necessarily reflect the views of Arrowhead Pride's writers or editors. It does reflect the views of this particular fan though, which is as important as the views of Arrowhead Pride writers or editors.
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You have your facts wrong
The numbers are correct, but your interpretation is off.
by TonyG88 on Oct 27, 2009 2:46 PM CDT reply actions 0 recs
Can you explain please?
Winning begins with Attitude - Haley and Pioli will be winners in KC!
I'll forever be a Chiefs fan! Only God himself could take that away from me, but when I get to my great reward, I'll rejoin two bigger fans, my Mom and Dad.
by Lanier63 on Oct 27, 2009 2:52 PM CDT up reply actions 0 recs
bye bye L J
Since no team would be foolish enough to trade for L J we must come to the sad conclusion that we are going to eat part of his contract. We can suspend him for only so long …eventually the players union will get involved and we will have to pay the man to go away. As a fan I feel he must go but is is not my decision or money to lose. I can only hope that public outrage and team image will lead to his departure. I am looking forward to the running backs we have stepping up to answer the call.
by gswak on Oct 27, 2009 2:55 PM CDT reply actions 0 recs
HOLD THE PHONE
Did anyone give reason to the possibility LJ did this on purpose at this time? Work with me here…
LJ did actually try to make it as a solid back this year with this offense. When he saw that the offense was going to sputter he decided he would just run up Linemen’s butts for his 2 and 3 yard carries. Why waist anymore effort than needed? Now with the bye week coming, why not do something to get suspended and coast the rest of the way out of KC?
Winning begins with Attitude - Haley and Pioli will be winners in KC!
I'll forever be a Chiefs fan! Only God himself could take that away from me, but when I get to my great reward, I'll rejoin two bigger fans, my Mom and Dad.
by Lanier63 on Oct 27, 2009 3:08 PM CDT reply actions 0 recs
I think you’re giving his brain a bit too much credit here.
I'm officially on the 'Draft Eric Berry' train.
Haley-Crennel 2010.
by scottbwalters on Oct 27, 2009 7:11 PM CDT up reply actions 0 recs
I think this is wrong.
In most situations a veterans annual salary is not paid if we release him before game 1 of that season. Unless he has guaranteed salary in those years we pay him nothing other than the remainder of this years salary. There will be an accelerated cap charge for the original signing bonus (which is no problem becuse we are wasyu under) but we will not be paying a large amount of money if he is outright release
by saskwatch on Oct 27, 2009 3:30 PM CDT reply actions 0 recs
Here is my interpretation (I am not an expert but just my understanding).
Signed a six-year, $45.05 million contract. The deal contains $19 million guaranteed, including $12.5 million signing bonus.
Here is my interpretation. There was 6.5 million of guaranteed salary (19-12.5). I assume this was the first year of the deal. That means the remianing 26.05 million(45.05-19) is not guaranteed. This is only paid if he is one the roster.
The cap charge for the signing bonus will be accelerated (but is only cap money- the real cash is paid). The cap charge does not matter becasue we are right at the cap floor.
I don’t think the money is an issue if Larry is released. The only issue will be whether they can keep from paying him some of this years salary by suspending him.
by saskwatch on Oct 27, 2009 3:49 PM CDT up reply actions 0 recs
Are you sure?
All of that is guaranteed money? Do we really have to pay him 11 mil? Damn if its true because we a definitely going to release him.
by I_Bleed_Red. on Oct 27, 2009 6:38 PM CDT reply actions 0 recs
i think
they only have to pay this year’s salary… 4.55
* "I doubt anyone will miss Connor Barth except UCrawford"
* the LB corps may become the biggest strength of the Chiefs in 2009
* The OL is NOT as bad as you think it is... give it time, and you'll see improvement this season
by stagdsp on Oct 28, 2009 8:56 AM CDT up reply actions 0 recs
The organization has basically paid him well for the years he played well.
And now it’s time to part ways. I hope the Chiefs get outta payin’ ‘im any more game checks. I have no desire to see #27 suited up as a Chief ever again. I want being a Chief to count for somethin’. Respect the game. Respect the fans.
Right now, LJ’s sorry for not respecting either, like an habitual adulterer apologizing for his most recent affair. Yeah, you’re sorry. I believe you. And my forgiveness will only destroy your soul.
I think your take on the amount of a hit the Chiefs will take for releasing him is probably wrong. And I think it entirely possible that all bets are off in terms of any money post-2009 making its way into LJ’s pocket. Any pro-rating of his signing bonus is money already committed, and they can probably get a smarter guy who can find the seam as well or better for less money.
No question. Otis Taylor should be in the Hall of Fame.
by hmills110 on Oct 27, 2009 9:58 PM CDT reply actions 0 recs
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