T.O. deal looks even better for Seahawks than initially reported

AP

After Terrell Owens signed with the Seahawks, it was initially reported by multiple reporters that Owens received a minimum salary of $925,000, along with a signing bonus of $65,000.  It resulted in a total package of $990,000, with a cap charge until the minimum salary benefit of $540,000.

Per a source with knowledge of the situation, NFLPA records reveal that Owens got no bonus.

Instead, he has a base salary of $925,000, and nothing more.

Moreover, none of Owens’ salary is guaranteed.  Receiver Braylon Edwards received a contract under the minimum-salary benefit program, but $270,000 of his base salary was fully guaranteed.

While the base salary becomes guaranteed as a practical matter if Owens is on the Week One roster (thanks to the CBA’s termination pay provision for vested veterans), if the Seahawks decide not to keep Owens, they owe him nothing.

If, in contrast, they decide not to keep Edwards, they’ll owe him $270,000.

Which, frankly, is the equivalent for billionaire owner Paul Allen of sitting in a deep sofa and having the change slide out of his pants pocket.

UPDATE 8/10/12 11:05 a.m. ET:  Another source with direct knowledge of the contract says that the NFLPA records aren’t entirely correct.  While Owens, contrary to initial reports, didn’t receive a $65,000 signing bonus, he’ll receive a $65,000 roster bonus if he’s on the Week One roster.  The bottom line remains the same — if they decide they don’t want him before the start of the regular season, they can move on at no cost.

37 responses to “T.O. deal looks even better for Seahawks than initially reported

  1. Hear that? That’s the sound of his baby-mommas popping open a bottle of Champagne.

  2. That should be a lesson to prima donna players, once you burn all of your bridges, make sure you have saved your money and invested properly. If not, you will have to come back like a hungry puppy dog and take what scraps they throw at you. That’s gotta be so freakin’ humbling. I think T.O. has received that message loud and clear. I suspect he’s gonna behave like a choir boy, or he’ll be back on skid row so fast he won’t know what hit him. And then, he will have to go out and get a regular job, like at Walmart. Choose your actions wisely T.O., we’re rooting for ya!

  3. Why in the hell does everyone in Seattle look like theyre going camping?Is REI the only store that sells clothes up there..

  4. Looks like TO will need to scrape together some endorsement deals up there in Seattle… If Starbucks, Microsoft, Amazon and Boeing aren’t interested, maybe the Lusty Lady needs a face for their franchise.

  5. For all you owner slurpers out there….this is how cheap your billionaire heros are. The richest man on the planet won’t give a first ballot hall of famer (and likely best receiver on that pathetic roster) a measly $65,000 signing bonus.

  6. Terrell ‘head of stone’ Owens and Braylon ‘hands of stone’ Edwards both got super deals. Especially if you are a 49er, Cardinal or Rams fan!

  7. He can still run and catch (unlike the stone handed Edwards). Special Ed is a lost cause in my book. T.O. is good for 800-1000yds and 8 td’s if Flynn is the guy. If it’s T.Jack nobody gets there/theirs, not even Cindy Rice.

  8. Go go T.O! Terrell Owens will be super motivated to play this preseason, I should be interesting to watch! I hope he makes the opening day roster for the Seahawks and proves all the doubters wrong! So far he has a Tebow like following…almost. He will be extra motivated as he has his 4 babies Mommas with their hands out. One note on T.O is he recently fired his agent Drew Rosenhaus and then gets a tryout with an NFL team and gets a minimum contract offer….coincidence ? ! Maybe …maybe not. T.O has to get paid at least all his expenses paid during training camp while he is on the team, you would think…like room & board….? P.S. Who knows Terrell Owen’s middle name…or the story behind the name, anyone ?

  9. Funny how all the posts when the deal was first announced hammered Pete Carroll for overpaying and having no clue in the NFL and now… Not a mention of how smart this was.

    Of course as I pointed out then we do have a General Manager that works hand in hand with Carroll.

  10. jason1980: Well said. It’s too late for PLAX, and CHAD, as well as that convict on the Titans, and might as well throw in JANORIS and MR. .24 on the Jags. I hold little hope out for the PRIMAS both old and more sadly young, simply because one can’t possibly BE a PRIMA if one LISTENS to anyone or anything. Unfortunately, I see no evidence that we should expect a glut of thoughtful, reasoned and cautious draft picks headed towards pro ball in the near future, unless NFL teams initiate recruitment of draft picks solely from the outstanding young men in our fine service academies. They would arrive with their priorities in tact and their behaviors and impulses under control, and of course they would be more mature after honoring their years of service to their chosen branches. Now THAT is a league that fans could be proud of and an organization from which I would purchase season tickets.

  11. The question isn’t whether T.O. will make the team. The question is if he will have another 1000 yd season like J.R. did a couple times after he was 38.

  12. Here pipes in Norcalmafia Are you going to answer, or jsut be an idiot? Well the idiot part is confirmed, just wondering if you have ever been to Seattle, or Washington?

  13. justintuckrule says:
    Aug 9, 2012 4:22 PM
    For all you owner slurpers out there….this is how cheap your billionaire heros are. The richest man on the planet won’t give a first ballot hall of famer (and likely best receiver on that pathetic roster) a measly $65,000 signing bonus.
    ======

    It’s called business. Supply and demand. Why should he give TO a signing bonus if he doesn’t have to? Charity? Welfare?

  14. justintuckrule says:
    Aug 9, 2012 4:22 PM
    For all you owner slurpers out there….this is how cheap your billionaire heros are. The richest man on the planet won’t give a first ballot hall of famer (and likely best receiver on that pathetic roster) a measly $65,000 signing bonus.
    ——————–
    Paul Allen is the 48th richest man on the planet. I’m sure he would have given T.O. the signing bonus if he was the richest man.

  15. even if his contract was 3 times bigger, it would still be a bargain because of what he will bring this year… Marshawn ain’t the only one that’s gonna go beastmode this year. 11-5 playoff bound

  16. Everyone I talk to out here in Seattle seems hyped about TO coming in. Even the hippies & wanna-be-Outdoorsmen ! I’m just happy he can get another chance and take care of your kids TO !!!! When your old, thats all you will have. #Hail to the Redskins !

  17. T.O. will become the number one WR on that team with a 900 yard/10 TD season. Then he will get a two year extension to secure himself financially.

    The man is a crazy workout freak and will get his money.

  18. justintuckrule says:Aug 9, 2012 4:22 PM

    For all you owner slurpers out there….this is how cheap your billionaire heros are. The richest man on the planet won’t give a first ballot hall of famer (and likely best receiver on that pathetic roster) a measly $65,000 signing bonus.
    __________________

    And apparently the owner doesn’t have to give him another $65, 000 to get him to play. I can also tell by your comment that you’re a wage earner and don’t own your own business.

  19. @bigguy54 Yes I was sent there for two months for work so Ive experienced the dreary hell that is Seattle….I couldnt wait to get outta there..How do you think I know that everyone wears camping gear and everyone drives slow as hell ….going 60 in the fastlane…that place sucks

  20. Why would anyone give a signing bonus to an almost 39 year old receiver, who’s been out of football for over a year, and was recently booted from the IFL? I get it that he’s a future hall of famer but don’t start bashing Paul Allen for not “giving” out bonuses.. Make the man earn his money!

  21. I say he doen’t make it through the preseason before he gets hit with the first paternity suit!

  22. @olympiacham. Contracts for TJack and Rice indicate otherwise. Flynn and Lynch TBD later. Lynch is a beast but still inconsistent year to year. Flynn well that could be a steal if he turns into the franchise qb they are hoping for. Regardless that deal is still at least three times better than the cards with kolb lol

  23. I would have thought T.O. would have played for free if the Seahawks would pay his child support payments for the rest of his life.

  24. justintuckrule says:
    Aug 9, 2012 4:22 PM
    For all you owner slurpers out there….this is how cheap your billionaire heros are. The richest man on the planet won’t give a first ballot hall of famer (and likely best receiver on that pathetic roster) a measly $65,000 signing bonus.

    ——————————————-

    TO wouldn’t be in the position of having to work a minimum contract with no bonus if he could simply control himself….. he dug his own hole

  25. He probably would of played for $500K, he needs the money anyway he can get it. Wishing him well

  26. Couches don’t have salary caps.

    Besides, Allen is to busy playing Vulcan to have a decision-maker’s role in that direction of the gang of jocks he purchased on a whim. Which is OK by me, considering his jimi hendrix memorabilia collection is housed in the world’s ugliest building (Experience Music Project, google image search it if you don’t believe me) and the public/private public transport to his personal office park goes by the acronym “S.L.U.T” (for South Lake Union Trolley).

    The T.O. signing is just one more move in the ‘Hawks copycat-league shot at being this year’s 2011 49ers. We drafted our Aldon Smith, signed our Delaney Walker/Gronknandez, now we’re gonna pick up our creaky-yet-speedy scrapheap WR who should make the HOF based on stats, yet won’t.

    PS Lusty Lady is out of business. “Veni, Vichi, Veni” was the best marquee headline ever. Gonna have to think of something else to do, next time you’re in town.

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