Monday, April 22, 2013
Money matters: Cutting through the hype
By Mike Sando
The new contracts for Darrelle Revis in Tampa Bay and Kam Chancellor in Seattle will be interesting to analyze once the figures can be confirmed.
Initial reports tend to focus on maximum payouts, which can be misleading. Sometimes the new money available through an extension produces a misleading new average per year.
For context, John Parolin of ESPN Stats & Information recently put together charts showing how much money players received after signing deals reportedly worth at least $100 million. The answer was less than 50 percent in most cases.
The first chart examines the numbers for contracts that are no longer active.
The second chart shows how much money players have received on active contracts with maximum values of at least $100 million. It counts the $29 million signing bonus associated with Joe Flacco's deal as money already paid.