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The real Jamaal Charles numbers

As we predicted on Sunday, the contract given by the Chiefs to running back Jamaal Charles wasn’t as good as initially advertised.

We were confident in making the prediction because no contract ever ends up being as good as initially advertised.

Per a league source, the reported guarantee of $13 million is actually $8 million, in the form of a roster bonus paid upon (or not long after) execution of the deal.  There’s another $2 million in injury guarantees only.

Also, the reported value of $32.5 million over five years (an average of $6.5 million) is the maximum package, with all incentives reached.  The base package has an annual value closer to $5.5 million.

Though the drop isn’t as dramatic as the gap between the initial ESPN report and the subsequent ESPN report regarding Donovan McNabb’s deal with the Redskins, we hope that those of us who report the initial numbers eventually will acknowledge the fact that there’s a disconnect between those numbers and the real numbers.

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7 Responses to “The real Jamaal Charles numbers”
  1. cobrala says: Dec 14, 2010 11:16 AM

    Who broke the story on the original numbers? ESPN?

  2. awestcave says: Dec 14, 2010 11:17 AM

    “Per a league source, the reported guarantee of $13 million is actually $8 million….” — “Also, the reported value of $32.5 million over five years …is the maximum package…The base package has an annual value closer to $5.5 million.”


    must be rough…

  3. shakenblake1 says: Dec 14, 2010 11:29 AM

    I would have paid him more. he’s a stud

  4. dubdizz says: Dec 14, 2010 11:58 AM

    I thought the Chiefs got him for cheap with the original numbers. Dude is a stud and is worth a hell of a lot more.

  5. fellorio says: Dec 14, 2010 12:12 PM

    You should branch out into the “predicting the future” business, since your “patting myself on the back” business is so profitable.

  6. bigbear12 says: Dec 14, 2010 1:00 PM

    Agents report the inflated numbers with the incentives because they hope their client reaches those incentives.

    Guaranteed money is wrong, but who is to say he doesn’t make those incentives?

    McNabb’s numbers were a joke and shouldn’t have been floated, but don’t see an issue floating numbers with attainable incentives added. Just doesn’t sound as good saying $32 million with a chance to reach $40 million.
    Well that actually does sound pretty good.

  7. max says: Dec 14, 2010 1:56 PM

    It is so lame that you censor (read: delete) people’s comments even when they don’t contain expletives.

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