Money Talk$
The last week has rendered some of the biggest and possibly most outlandish contract deals in my recent memory. I want to take just a little bit of time to address the situations and the money that went down in the last week and tell you what I think it meant and what it means for the future.
We'll start in football. The Lions gave Cory Redding a seven-year, $49 million contract that included $16 million in guarantees, including $13 million in signing bonus and roster guarantees just today. Last season Cory had 48 tackles (39 solo), 8 sacks, and 2 FF. He's a great young player and I think that was a great move for the Lions to make. It's important for the team to commit some $$ to the defensive side of the ball and that they certainly did. Hopefully (for the Lions' sake) the kid continues to get better and can prove he's worth all that money - which probably means racking up more than 8 sacks next season.
"I would say it's the end of the world as we know it. If Ichiro is worth $20 million a year ... I am speechless by that contract. I'm hoping that report is false, because there's no chance a top-of-the-lineup guy -- forget that, anybody -- is worth that much. And Ichiro, who's led his team to zero, nothing?... It's unbelievable. You know what, everybody gets what they deserve, and I guess that will be more luxury tax money, more revenue-sharing money they'll have to give. I'm sure it can't be true. There's no way they gave $20 million a year to Ichiro, at his age for five years. There's no way.... Literally, it will take the sport down, that contract. We're right back to the ridiculous contracts. It can't be." -Marlin's Prez David Samson-
4 comments:
First off, it was $90 million over 5 years, not $100 million as was first reported for Ichiro.
Second, from a baseball standpoint, it's a bit much. From a business standpoint, Ichiro is a marketing asset like no other in baseball. He brings in a ton of revenue for Seattle.
Thirdly, the Marlins guy is just mad because $20 million is probably higher than their whole team's payroll.
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The Lions finally figured out that Redding was better suited to defensive tackle rather than defensive end, where he'd been playing his first few seasons. Hopefully for Detroit, Redding responded to his fat contract a little better than Shaun Rogers did.
It seems a bit out of whack that a 3-13 team would have the two highest paid anything in the league.
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