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Blackmon’s deal protects Jags by deferring 40 percent of signing bonus

Justin Blackmon AP

The Jaguars wanted sweeping protections in receiver Justin Blackmon’s contract.  In the end, they got only one protection.

But it’s an important one.

A source with knowledge of the situation tells PFT that the contract to be signed by the fifth overall pick in the draft is fully guaranteed, with no offset language.  This means that, if the Jaguars cut Blackmon and he signs with a new team, Blackmon will keep the remaining money due from Jacksonville — and the new money from his new team.

That said, the Jaguars obtained protection via altered cash flow.  Blackmon pockets only 60 percent of the signing bonus he was due to receive based on his slot, with $7.11 million coming now and the rest arriving via annual roster bonuses.

In 2013, Blackmon is due to receive a roster bonus of $1.7 million, with $700,000 due on the fifth day of the league year and the rest due before the start of training camp.  In 2014, $1.7 million is due on the fifth day of the league year.  The last installment of $1.39 million is due on the fifth day of the 2015 league year.

The base salaries are $390,000 in 2012, $1.23 million in 2013, $2.07 million in 2014, and $2.91 million in 2015.

It also works out to a maximum contract of $18.5 million, and that equates to the full amount of the available slot.

So where does the protection come from?  If Blackmon gets suspended, the future guarantees go away.  Which means that Blackmon could be cut and the Jags would owe him nothing more.  (That’s standard language in all new rookie deals, with the specific trigger varying from team to team.  For example, the contracts signed by Bucs safety Mark Barron and Seahawks defensive end Bruce Irvin void the guarantees if the player is simply fined by the league for violations of the personal-conduct policy or the substance-abuse policy, or by the club for conduct detrimental to the team.)

So Blackmon got a good deal under the circumstances and the Jaguars got some protection via the delayed payment of his signing bonus.

And the best news is that Blackmon is in camp.

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15 Responses to “Blackmon’s deal protects Jags by deferring 40 percent of signing bonus”
  1. packfntk says: Aug 6, 2012 5:30 PM

    1 down, 3 remain. Now if only MJD, Wallace, and Bowe would get their heads out of their you know whats.

  2. covercorner says: Aug 6, 2012 5:33 PM

    It’s a bad deal for Blackmon.

  3. hatesycophants says: Aug 6, 2012 5:41 PM

    No way a decent lawyer advises him to sign that. If they don’t pay you when you sign, it is not a signing bonus. Just as you point out, the future dollars are roster bonuses. The contract begs for a review in as little as 2 years. That’s when Jaguar fans will be screaming “Play out your contract!” Terrible.

  4. rodeoclownclint24 says: Aug 6, 2012 5:52 PM

    If he doesn’t get the all the money when signing then it isn’t a “signing” bonus..

  5. egetto says: Aug 6, 2012 6:04 PM

    Smart contract by the Jags. Still hopeful but this guy is going to be hit or miss….. hatesyco- he did this to himself – did you hear he blew a .24. These type of things hurt your leverage a bit.

  6. jaxbeachjagfan says: Aug 6, 2012 6:11 PM

    Sure it’s a bad deal for Blackmon, it’s called consequences. Dude blew a .24 while actually seeming too impaired in his booking video.

    That tells you Mr. Blackmon has built up an impressive tolerance to alcohol. Combine this with his first alcohol+driving offense and the team needed to protect itself in case Justin’s problems worsen.

  7. ownbay says: Aug 6, 2012 6:15 PM

    Just another case of Blackmon getting screwed by the Man.

  8. kahnsbushymustache says: Aug 6, 2012 6:16 PM

    covercorner says:Aug 6, 2012 5:33 PM

    It’s a bad deal for Blackmon.

    hatesycophants says:Aug 6, 2012 5:41 PM

    No way a decent lawyer advises him to sign that.

    ——————————————–

    I guess you two are OK with an athlete getting .24 liquored up and driving through the streets of your town?

  9. chitownbullet says: Aug 6, 2012 6:22 PM

    Good for the Jags, Obviously the team had to do something and protect them selves. If Blackmon can’t stomach it then don’t sign it, plain and simple. He is the only one responsible for his situation, and if there are other twists to his plot then he should fess up and get the help he needs.

  10. dannythebisforbeast says: Aug 6, 2012 6:43 PM

    That’s one expensive DUI.

  11. kivory2 says: Aug 6, 2012 6:45 PM

    GO JAGS!!!!

  12. covercorner says: Aug 6, 2012 8:06 PM

    Blackmon’s drunk driving was foolish and dangerous. But, the Jaguars contract indicates that they intend to stiff him. He should have waited to sign. The Jags will 0 – 16 this year anyway.

  13. ruthlssjag says: Aug 6, 2012 8:27 PM

    Love it, Love it, Love it.. Thank God!

    He can finally get “some” camp time, although I don’t think he should be playing in the opener this Friday, considering he’s definitely not in the right conditioning. No need for any unnecessary injury, he should be worked in slowly & “now” I’m sure he’ll be starting opposite Robinson in the season opener.
    God willing, I hope he lives up to his hype!!

  14. bigvinnyinjax says: Aug 6, 2012 10:43 PM

    When this jackass celebrates tonight I just pray to Tebow above he calls a damn cab.

  15. fade316 says: Aug 7, 2012 2:09 PM

    Someone tell Blackmon’s lawyers that there may be a 409A issue with the way the yearly payments are drafted. Don’t want this poor guy getting hit with a 20% tax because of a technical glitch.

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