Monday, June 18, 2012
Not sure how Adam Jones is going to pay
By Jamison Hensley
A jury has ordered Bengals cornerback Adam Jones to pay $11 million in damages to two Las Vegas strip club employees injured in 2007 when a lone gunman claiming he was doing Jones' bidding opened fire outside the club.
Getting even half of that out of Jones is going to be a problem.
Maybe the jury was thinking this was Adam Jones the baseball player who signed a $85.5 million contract this year with the Baltimore Orioles and not Adam Jones the football player who is going to earn less than $1 million this season for the Bengals.
"It's obviously a devastating amount for him financially," said Lisa Rasmussen, Jones' lawyer.
While Adam Jones hasn't made his financial records public, I'm not sure he's made $11 million in the NFL based on the figures that's been reported throughout his football career. Jones signed a four-year, $13 million contract with the Tennessee Titans in 2005, when he was the sixth overall pick of the draft. But he reportedly gave up nearly $7 million in guaranteed base salaries in order to get traded to the Dallas Cowboys in 2008, when he was suspended by the NFL.
Jones agreed to a five-year, $13.5 million restructured contract with the Cowboys that included no signing bonus and did little to help his financial situation. One month after he signed this deal, his $1.5 million home in Nashville was foreclosed. Jones hardly saw any of that money from Dallas because the Cowboys released him after one season.
After being out of the league in 2008, Jones played for the veteran minimum for the Bengals the past two seasons. He is scheduled to make $700,000 this season and can receive an additional $250,000 in incentives.
A lawyer for a former bouncer who was wounded isn't worried about Jones' financial status. "If he is making money, I am going to be there trying to collect," Richard Schonfeld said.