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

Seahawks Owens Football 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.

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37 Responses to “T.O. deal looks even better for Seahawks than initially reported”
  1. blackandbluedivision says: Aug 9, 2012 3:53 PM

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

  2. wetdentist says: Aug 9, 2012 3:54 PM

    so we’re looking at potential slavery here? my, how far we’ve come

  3. andrewluckdontgiveawhat says: Aug 9, 2012 3:55 PM

    The real story here needs to be locating Mr. Allen’s couch.

  4. mustangseo says: Aug 9, 2012 3:57 PM

    I see what you did there…

  5. olympiacham says: Aug 9, 2012 3:57 PM

    The hawks rarely give out bad contracts. That’s how they stay in control of the team…since Carroll and Schneider got here.

  6. hulkhogansays says: Aug 9, 2012 4:07 PM

    As soon as he gets a TD, he’ll revert back to MeO. God speed Seattle.

  7. jason1980 says: Aug 9, 2012 4:08 PM

    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!

  8. norcalmafia says: Aug 9, 2012 4:10 PM

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

  9. mustyoldclapptrap says: Aug 9, 2012 4:22 PM

    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.

  10. 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.

  11. brownsclown says: Aug 9, 2012 4:24 PM

    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!

  12. censoredpost says: Aug 9, 2012 4:25 PM

    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.

  13. paychrisjohnson28 says: Aug 9, 2012 4:34 PM

    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 ?

  14. hawkforlife says: Aug 9, 2012 4:38 PM

    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.

  15. fdugrad says: Aug 9, 2012 4:40 PM

    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.

  16. tharoostah says: Aug 9, 2012 4:44 PM

    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.

  17. bigguy54 says: Aug 9, 2012 4:48 PM

    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?

  18. realitypolice says: Aug 9, 2012 4:50 PM

    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?

  19. chrisjohnston10 says: Aug 9, 2012 5:06 PM

    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.

  20. scoobaj says: Aug 9, 2012 5:09 PM

    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

  21. jayovalentine says: Aug 9, 2012 5:12 PM

    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 !

  22. realdealsteel says: Aug 9, 2012 5:23 PM

    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.

  23. chorton58 says: Aug 9, 2012 5:37 PM

    T.O isn’t broke he just don’t want to pay them baby Moma’s. He let slip one day on a radio interview

  24. mjkelly77 says: Aug 9, 2012 5:57 PM

    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.

  25. norcalmafia says: Aug 9, 2012 6:02 PM

    @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

  26. suckmyhawk2012 says: Aug 9, 2012 6:11 PM

    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!

  27. electionconfidential says: Aug 9, 2012 6:30 PM

    Rich men don’t get / stay rich by being stupid with their money. TO probably won’t make the team.

  28. bnwpnw says: Aug 9, 2012 6:30 PM

    I wonder if that first paycheck will be signed with a Sharpie.

  29. notdemfalcons says: Aug 9, 2012 6:37 PM

    @bigguy54 > norcalmafia

  30. calij5619 says: Aug 9, 2012 6:43 PM

    T. O. looking at starvation wages for him and his babies Momas.

  31. brownsclown says: Aug 9, 2012 7:21 PM

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

  32. goldrush36 says: Aug 9, 2012 7:40 PM

    @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

  33. voyager6 says: Aug 9, 2012 7:54 PM

    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.

  34. randomguy9999 says: Aug 9, 2012 8:00 PM

    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

  35. defscottyb says: Aug 10, 2012 2:07 AM

    TO is lucky to have gotten what he got, period.

  36. defscottyb says: Aug 10, 2012 2:09 AM

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

  37. competitivecompetitioncompeter says: Aug 10, 2012 5:47 AM

    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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