In the top 2 categories of performance-based incentives make no sense to me, particularly given the context of the first and second bullets for the same category.
Ex: 19 passing TDs gives a $250K bonus or Top 15 in passing TDs.
25 passing TDs gives a $375K bonus or Top 10 in passing TDs
19 passing TDs gives a $375 bonus or Top 5 in passing TDs
Then the next category has a similarly structured bonus for passing yards.
Comes off like an error to me. Shouldn't it be a higher passing TD/passing yardage amount for the 3rd bonus escalator?
Going by your totals, which seems accurate based on the diagram, I think your math is right...however, based on the earlier Florio report, it was reported that he would have made $1.75M in bonuses based on last season, where here, as you have it, it would've been $2M.
this was from albert breer, it's certainly possible there are mistakes but it's also possible they structure things to hit but just needed to word them specifically so they dont count as 'likely to be earned'.
Not relevant to what I'm referencing. Yes, the last two groups of performance-based incentives include rushing, I was referring to the first two groups which are passing only.
those are more in line with the combined touchdowns and combined yards also listed.
That makes sense to me. We'll see if there is a correction coming. Another escalator on top based on the same criteria as the first bullet makes no sense. It would make some sense if the criteria was "AND" top 5 in passing TDs/passing yardage, but not "OR", as that doesn't jive with the first bullet in the group.
those are more in line with the combined touchdowns and combined yards also listed.
i think this is probably right - ltbe and nltbe are complicated so i could be wrong but i dont think there's any reason for a team wanting to make an incentive more likely to be earned for cap purposes (which lower yardage/totals would do).
RE: oh looking on Twitter it seems he already updated it once
so definitely a typo still remaining in the passing yards
Ah, so it was an error. OK, I guess we'll wait and see for him to get all the facts straight. I thought this was something journalists did BEFORE reporting, lol.
as a fan i'd give anything for the Giants to win the Super Bowl. I'd think the Giants would too.
It's on top of everything else. So at that point he would've already earned $3.5M in bonuses for reaching the Super Bowl, and winning it would give him an extra $1.5M, for $5M total, plus $5M bonus would trigger for the following season...that's a $10M total bonus for winning the Super Bowl...which doesn't seem low at all at that point, right?
I am going to say for the record here, he makes 45m in year 3. This a deal that well over 40 AAV that publicly looks like three years for 37.5M.
both sides save face.
This looks like a very smart deal at first blush.
Well done Schoen.
Face of the franchise is HAPPY.
AND.
We can function and cut bait if we need.
He achieved all of his goals.
He'd basically need to win a Super Bowl to get to that AAV, so I hope you're right. He's not going to get to $45M year 3 based on performance-based incentives alone, or even performance-based + winning a playoff game, if my math is correct. Strictly talking about incentives + AAV formula here, the yearly cash for him that year is only $30.5M.
On my part, forgot about the low salary in year 3. If we want to frame it that way, Jones makes 46m this year right? If we are not going to include the signing bonus?...You are splitting hairs unnecessarily.
Work it out.
Jones makes the playoffs next year, wins a game. He is a top 15 QB in each of the performance strategies.
What does he make in 2023?
Based on escalators what does he make in 2024?
Hits the same performance incentives in 2025
How much does he now make 2024?
What will his salary be in 2025?
Hits the same incentives incentives in 2025.
What will the 3 Year AAV be with all the incentives, escalators and the signing bonus?
Ex: 19 passing TDs gives a $250K bonus or Top 15 in passing TDs.
25 passing TDs gives a $375K bonus or Top 10 in passing TDs
19 passing TDs gives a $375 bonus or Top 5 in passing TDs
Then the next category has a similarly structured bonus for passing yards.
Comes off like an error to me. Shouldn't it be a higher passing TD/passing yardage amount for the 3rd bonus escalator?
Not relevant to what I'm referencing. Yes, the last two groups of performance-based incentives include rushing, I was referring to the first two groups which are passing only.
and
4325 Passing Yards / Top 5
those are more in line with the combined touchdowns and combined yards also listed.
$375K for 30 passing TDs, top 5 in passing TDs
and
$375K for 4000 passing yards, or top 5 in passing yards.
so definitely a typo still remaining in the passing yards
and
4325 Passing Yards / Top 5
those are more in line with the combined touchdowns and combined yards also listed.
That makes sense to me. We'll see if there is a correction coming. Another escalator on top based on the same criteria as the first bullet makes no sense. It would make some sense if the criteria was "AND" top 5 in passing TDs/passing yardage, but not "OR", as that doesn't jive with the first bullet in the group.
and
4325 Passing Yards / Top 5
those are more in line with the combined touchdowns and combined yards also listed.
i think this is probably right - ltbe and nltbe are complicated so i could be wrong but i dont think there's any reason for a team wanting to make an incentive more likely to be earned for cap purposes (which lower yardage/totals would do).
so definitely a typo still remaining in the passing yards
Ah, so it was an error. OK, I guess we'll wait and see for him to get all the facts straight. I thought this was something journalists did BEFORE reporting, lol.
It's on top of everything else. So at that point he would've already earned $3.5M in bonuses for reaching the Super Bowl, and winning it would give him an extra $1.5M, for $5M total, plus $5M bonus would trigger for the following season...that's a $10M total bonus for winning the Super Bowl...which doesn't seem low at all at that point, right?
both sides save face.
This looks like a very smart deal at first blush.
Well done Schoen.
Face of the franchise is HAPPY.
AND.
We can function and cut bait if we need.
He achieved all of his goals.
both sides save face.
This looks like a very smart deal at first blush.
Well done Schoen.
Face of the franchise is HAPPY.
AND.
We can function and cut bait if we need.
He achieved all of his goals.
He'd basically need to win a Super Bowl to get to that AAV, so I hope you're right. He's not going to get to $45M year 3 based on performance-based incentives alone, or even performance-based + winning a playoff game, if my math is correct. Strictly talking about incentives + AAV formula here, the yearly cash for him that year is only $30.5M.
Work it out.
Jones makes the playoffs next year, wins a game. He is a top 15 QB in each of the performance strategies.
What does he make in 2023?
Based on escalators what does he make in 2024?
Hits the same performance incentives in 2025
How much does he now make 2024?
What will his salary be in 2025?
Hits the same incentives incentives in 2025.
What will the 3 Year AAV be with all the incentives, escalators and the signing bonus?
You get the idea.
Not necessarily because it may not hit some of the passing benchmarks.
Quote:
If Jones averages 276 total yards and 2 TD's per game he'll hit all of his performance incentives.
Not necessarily because it may not hit some of the passing benchmarks.
You're correct.