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Greer’s new deal is worth $15.6 million over three years

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On Friday, agent Mark Bloom made the media rounds, trumpeting a three-year extension that had been signed by cornerback Jabari Greer, and adroitly describing the new contract as being worth $23 million.

A casual glance at the reports created the impression that Greer will get $7.6 million per year on the three-year deal.  The truth, according to a source with knowledge of the situation, is that Greer’s new contract carries $15.6 million in new money.

Greer already was due to earn a base salary of $5.4 million in 2012.  That’s a four-year total of $21 million.  The other $2 million likely comes from incentives or other payments that may or may not realistically be earned.

It’s yet another example of the unreliability of the initial reports as to the value of a contract.  And the truth is that, if/when reporters start demanding the truth in connection with the initial report of the deal, the sources who hope to put the biggest numbers in the public eye will simply move on to another reporter who gladly will apply a “don’t ask, don’t tell” approach as to the question of whether the numbers have been inflated to make the agent or the player look better.

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11 Responses to “Greer’s new deal is worth $15.6 million over three years”
  1. captatl says: Apr 21, 2012 12:01 PM

    Does anyone think that the Saints are again thumbing their nose at the league? What if Greer is due to be suspended? Greer like Vilma were both due to make a base of $5.4 million in 2012. A game suspension at that salary is over $337,000.00 in game check. If both were restructerd CAP friendly, then that would drastically reduce the impact on the players. Will Smith was restructured down to $825K in base, that is just over $51K per game check. I get that Greers’ contract was an extension, but have read it reduces this years CAP number. Seems a bit fishy to me.

  2. hoops737 says: Apr 21, 2012 12:03 PM

    Top 10 cornerback

  3. jackers252 says: Apr 21, 2012 12:56 PM

    @captatl – I guess you are an Atlanta fan? The Saints have a GM that is juggling suspensions, fines, media downfall, and oh yeah, is about to give out the largest contract in NFL history. And while all that is happening, he stole your starting MLB, and multiple top 100 free agents like Colston, Loftin, Bunkley, Grubbs, Hawthorn.

    Doesn’t it hurt your heart that will all that going on, he is still working circles around your GM? What have you guys done this off-season? What’s the old saying, “Either you’re getting better or you’re getting worse.” Which one do you think your team falls under?

    I mean, if you can’t beat them, at least you can cry about them…

  4. captatl says: Apr 21, 2012 2:27 PM

    Dont be foolish Jackers. The Saints didnt steal Lofton. Hilarious. The Falcons LET him go. He was not worth what the Saints offered. As for Loomis working circles around TD? You are drinking his Koolaide hook line and sinker. He is running your franchise into the ground. His method is not sustianable. Anyone with even a high school diploma can see that. Any idea what 2013 obligatin are for the genious? Thought not, but here you go.

    Lofton CAP hit 7.1M, Lance Moore 4.5M, Grubbs 7.3M, Will Smith 12M (3m is signing bonus, $4.5m is guaranteed in base salary), Evans 10M, Harper 7M, Colston 6.6M, Bunkly 4.6M and Jenkins 2.3M. I will estimate Brees at 20M and Hawthorne(est 6mil) and Chamberlin (est 2.5mil). That is roughly $90 millon to 12 players. That does not include whatever Vilmas new number is, Greers new number or Sproles, and I really Doubt Jimmy Graham will play in 2013 for 575K if he plays near the level he has, even with an extension, there will be a big Signing bonus and the number will still balloon. Sure, you might cut a couple of these guys, but with the guaranteed money from restructuring, it will create a ton of dead money. Bushrod, Ellis, Galette, Ivory, Henderson, Morstead and De La Pente will be FA’s. I just don’t see how they can retain a couple FA.s, sign draft picks and still field 40 more roster spots. Many have coined Loomis as a genius for this years signings being so CAP friendly, but I see this more reckless than genius. Just remember, You can pay credit card A with credit card B and vise-versa for only so long, before you are maxed out and your credit report is crap. You can spout off with your foolish talk, but Loomis is running your franchise into the ground and you guys think him a genius. Guess it is easy to be a genius on a ship of fools!!

  5. captatl says: Apr 21, 2012 2:34 PM

    as for what has Atlanta done this offseason…… they have operated with financial responsibility and overall integrity as an organization. They have not give the NFL a black eye. They do not have 90 million tied up in 12 players next year. Sometimes it is not what you do, but what you dont do that makes you sucessful for the longterm. Sorry that the blog above hurts, but the numbers are accurate outside my estimates and can be verified in Sportrac.com. Im sure the Mods will remove it again because it might hurt someones feelings to have to deal with the truth!!

  6. philwauke says: Apr 21, 2012 3:30 PM

    as for what has Atlanta done this offseason…… they have operated with financial responsibility and overall integrity as an organization. They have not give the NFL a black eye. They do not have 90 million tied up in 12 players next year. Sometimes it is not what you do, but what you dont do that makes you sucessful for the longterm. Sorry that the blog above hurts, but the numbers are accurate outside my estimates and can be verified in Sportrac.com. Im sure the Mods will remove it again because it might hurt someones feelings to have to deal with the truth!!

    that’s why you’ll always be the Atlanta Falcons.

  7. dat504 says: Apr 21, 2012 3:48 PM

    @captatl-You sound like a fool that’s drinking the koolaide. Our reckless G.M. put together a Super Bowl winner….What year did Atlanta win one? Go head, I’ll wait. You and everyone in ATL know this is a make or break year for you genius G.M., your garbage coach, and your worthless no arm Q.B. I live in ATL buddy, I listen to sports radio everyday. You want to be the Saints, but dream on. We will beat you twice again this year without our coach.lol

  8. EJ says: Apr 21, 2012 4:57 PM

    Its too bad Buffalo didn’t cough up the money to keep Greer. The Bills have had a long history of drafting good DB’s that end up being great, but in the end can’t afford to keep them on the team.

  9. captatl says: Apr 21, 2012 6:41 PM

    The truth hurts huh TAINT fans. Go ahead, run the numbers if you can actually do math. My guess is if reading this and not being able to comprehend it is this hard, then you cant do the numbers. Go ahead and gloat about 1 great season. The truth is that it is tainted anyway. The league took 2 draft picks for “gaining a competitive advantage”, I’ll break that down for you too. It means CHEATING. But few of you will ever admit that. 3 straight winning seasons, 3 straight seasons with Gregg Williams, 3 straight seasons of cheating. POO DAT!

  10. pencilmonkeymagic says: Apr 21, 2012 8:05 PM

    “…Runs through Ayodele, runs through Jabari Greer… Get OFF me, he says to Tracey Porter…”

  11. rabbdogg says: Apr 22, 2012 12:23 PM

    the falCLOWNS are and always will be poo-poo…shut your face u hating falCLOWN fan..who cares what u say or think..the contract situation will be different for EVERY TEAM..EVERY YEAR because of cuts,trades,contract extentions and restructures u tard…u dont know what the saints salary cap number will be IDIOT..so shut the hell up

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