Breakdown of Matt Cassel's Base Salaries

by Joel Thorman on Jul 23, 2009 2:10 PM CDT in 2009 Kansas City Chiefs Offseason

Boring numbers below...

I know many of you aren't interested in the financial breakdown of our new quarterback's franchise record contract but for some reason this stuff intrigues me. I want to know the exact date roster bonuses are due and how much it is. So many "football decisions" are made because of money.

For example, do you think the Chiefs would keep an underachieving player in year three of a deal when a roster bonus of $4 million is due the next week?

There's not a whole lot new here but we've learned that Matt Cassel's contract will include $43.25 million in base salaries over the life of the deal. That means about $20 million or so will come in bonuses ($7.5 million of which will come in March 2011) in the first three years.

An easier breakdown:

Years 1-3 in base salaries: $21.5 million
Years 1-2 in bonuses: $11.25 million
Year 3 in bonuses: $7.5 million

These numbers are approximate and the best I can gather from the available information.

After the jump I've got a table with his base salaries for each season.

Year	Base Salary
2009	$5 million
2010	$11.75 million
2011	$4.75 million
2012	$5.25 million
2013	$7.5 million
2014	$9 million
Total	$43.25 million

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Comments

Cornfused

How does the $43.25 million base salary jive with the $28 million guaranteed? How is a player not guaranteed to at least make his base salary?

Marley will be walking soon...she could probably play Linebacker better than some of the guys we had.

by PVChiefsfan on Jul 23, 2009 2:36 PM CDT reply actions

Base salaries don't mean anything really much

It’s all about the bonuses. Teams can “guarantee” years 1-whatever in the contract but the bonus money is what they’re looking for.

Arrowhead Pride

by Joel Thorman on Jul 23, 2009 3:05 PM CDT up reply actions

For example

In year five of Haynesworth $100 million deal, he’s due like $27 million in base salary. Not a chance he sniffs that.

Arrowhead Pride

by Joel Thorman on Jul 23, 2009 3:06 PM CDT up reply actions

It doesn't add up there Joel

If you add his base salary (43.25) to his first 3 years of bonuses (11.25+11.25+7.5), you get 73.25 million. I thought his contract was only worth 63+ million?

by Primmtime on Jul 23, 2009 3:34 PM CDT reply actions

That is unless

you mean in years 1 and 2 his bonuses combined would equal around 11.25 million. But if thats the case then the 2009 cap number would only be 10.63 million. I thought I read that it would be about the same as if we left the franchise tag on him.

by Primmtime on Jul 23, 2009 3:36 PM CDT up reply actions

Okay

Here’s how I take it.

Reports said he will receive $28 million in the first two years of the deal. His base salaries are 16.75 the first two years, so his bonuses the first two years are about 11.25.

Reports said he will receive 40.5 million in the first three years of the deal. His base salaries total 20.5 so there’s 20 extra there. We know 7.5 of that is due in March of 2010 so the remaining 12.5 will be paid out in the first two years.

Arrowhead Pride

by Joel Thorman on Jul 23, 2009 3:43 PM CDT up reply actions

I see your calculation issue

Its in the first sentence, or I’m just a dipstick.

Base Salary Bonus Total
Year 1 5.0 11.25 16.25
Year 2 11.75 11.25 23.00
Totals 16.75 22.50 39.25 (13.25 more)

My guess is that he doesn’t get a bonus in 2010 since his salary is so greatly inflated compared to the other years.

Year 3 4.75 7.5 12.25

That puts the three year amount at 40.25 if you don’t give him a bonus and find where the other 2 million should be taken out of in the first two years.

by Primmtime on Jul 23, 2009 4:27 PM CDT up reply actions

Where the hell is AP's capalogist?

August 14th Baby! Can't wait! 4 Fridays away!
Rule 49. " Think and talk positive football off the field." Hank Stram
Let's Kick some ASS in 09 or Die trying

by Steve_Chiefs on Jul 23, 2009 7:55 PM CDT up reply actions