No Signing Bonuses, Big Salaries For Joseph, BlackAugust 4th, 2011
The Bucs won’t be cutting massive checks to their big free agent signings until next month. But it’s coming, so ESPN blogger Pat Yasinskas detailed today.
Yasinskas says he’s looked at the contracts of Davin Joseph and hopefully-not-overpaid Quincy Black, and they’ll get big first-year paydays before their annual salaries slowly drop.
The Bucs didn’t give Joseph a signing bonus on his seven-year, $52 million contract. Instead, they put a ton of money right up at the front of Joseph’s contract. They gave him a $9.5 million base salary for this year and the same for next year. Both years are fully guaranteed.
After that, Joseph’s base salary drops to $6 million in 2013 and stays the same in 2014. It rises to $7 million in 2015 and stays the same in 2016. In 2017, Joseph’s schedule salary is $7.5 million.
The Bucs took a similar tact when they brought back linebacker Quincy Black. He didn’t get a signing bonus either, but he got a big first-year salary. Black will earn $6 million this year and his salary drops to $5.5 million for each of the following four years.
Looking at the massive payday for Quincy Black – Quincy Black! – Joe wonders how incredibly motivated Geno Hayes must be. Hayes will be a free agent in 2012.
One could make an argument that Hayes, who turns just 24 next week, is more valuable right now.