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Geno Smith deal ties big money to workout bonuses

Geno Getty Images

If any NFL agents are thinking about writing rap lyrics bashing Jay-Z, they now have a little ammunition.

Per a source with knowledge of the details of the deal, Jets quarterback Geno Smith’s contract ties nearly $700,000 to Smith participating in the team’s offseason voluntary workout program.

Specifically, $276,328 of Smith’s $861,328 compensation in 2015 depends on Smith showing up for the otherwise voluntary offseason drills.  In 2016, $414,491 of Smith’s $1.08 million compensation in 2016 is tied to working out in the offseason.

Typically, players must participate in 80 percent of the offseason workouts to earn the bonus.  For Smith, this puts extra pressure on him to be able and willing to show up and work out in the final two years of his deal.  If he fails to meet the minimums, he’ll potentially lose hundreds of thousands of dollars.

It’s not unprecedented for the Jets to use workout bonuses in rookie deals, but the amounts have been much lower.  Last year, for example, second-round receiver Stephen Hill had $50,000 tied to workout participation in 2013, and $100,000 each in 2014 and 2015.

Still, some will look at the decision to tie nearly $700,000 of compensation to Smith’s decision to show up and work out as an indication that the Jets are concerned that, without a clear financial incentive to put in the work, Smith won’t.  Some also may wonder whether the Jets noticed something during the 2013 offseason program that gave them concerns about Smith’s commitment to the otherwise voluntary sessions.

The clause also sets up inexperienced agent Kim Miale and her boss, Jay-Z, for criticism from the agent community, which tends to criticize anyone and anything if it means helping them expand their portfolio of clients.  In this specific case, given the details of the rookie deals signed by the players taken before and after Smith, the criticism may be justified.

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37 Responses to “Geno Smith deal ties big money to workout bonuses”
  1. thegreatgabbert says: Jul 22, 2013 6:21 PM

    Looks like they think Geno is lazy.

  2. jcmeyer10 says: Jul 22, 2013 6:31 PM

    How many records does he have to release under this contract?

  3. kbookert says: Jul 22, 2013 6:43 PM

    Makes holding out in the future very expensive.

  4. keylimelight says: Jul 22, 2013 6:45 PM

    Hmm. Lack of initiative is not a positive quality for any position in life much less a wannabe starting QB getting a big fat paycheck for signing with a team.

    Nottatall leadership material.

  5. boogymanoflamancha says: Jul 22, 2013 6:52 PM

    As an agent Jay Z is a good rapper

  6. jetsfan79 says: Jul 22, 2013 6:55 PM

    Trade him

  7. joneildu says: Jul 22, 2013 7:01 PM

    Is it not plausible that the agency feels that it’s in the long term best interest financially to have a client that shows up to work voluntarily and puts the time in that would result in making him a financially stable investment in the long term? I’d imagine the guys that skip voluntary workouts in their first two seasons have a high flameout rate. By knotting the players salary to offseason workouts, which I would imagine correlate to a higher success rate, they’re setting themselves up for long term gains. I don’t see the problem.

  8. realfootballfan says: Jul 22, 2013 7:20 PM

    Or maybe they just got one over on the new agent brand on the block, much like the Saints did 14 years ago with Ricky Williams and his master P branded sports agency, which was also supposedly going to have the actual contracts handled by agent veterans.

  9. FinFan68 says: Jul 22, 2013 7:21 PM

    If you question your QBs work ethic and or laziness before he ever takes a snap shouldn’t that be a clue that the scouting department may need a tad more training? He looked great in a couple college games but everything I have heard lately about his character is validated by those clauses. That kid’s going to have issues in NYC.

  10. spedman24 says: Jul 22, 2013 7:28 PM

    Wow, what a fool…Geno should have never let JZ’s company rep him. Irregardless, this is Mark’s team anyway….he turns it around this year and never looks back, you heard it here first.

  11. salmen76 says: Jul 22, 2013 7:32 PM

    The other agents won’t like it if this agent works hard to expand his portfolio of clients? To that I say waa waa waa to the other agents. Welcome to the real world boys! Go Jay Z!

  12. jaypace says: Jul 22, 2013 7:32 PM

    Seems like a pretty easy way to earn your money…show up to work, who would have thought of that.

  13. bearclaw69 says: Jul 22, 2013 7:36 PM

    This is what happens when you get some fool sp00k whose sole talent is putting together some barely rhymed terms in a song (which most don’t actually consider songs because, you know, rappers don’t actually sing) who thinks he can use his “celebrity” to launch into ventures of which he has NO knowledge.

  14. nahcouldntbethat says: Jul 22, 2013 7:40 PM

    Smith got a higher percentage of guaranteed money in the contract at 70% than a 39 pick should. In return he tied that money to the workout programs.

    If the Jets could get every contract done with an extra 3% guaranteed in return for 80% attendance at the spring workouts it’d be a solid trade-off.

  15. leftyman says: Jul 22, 2013 8:08 PM

    Tebow would show up!

  16. icdogg says: Jul 22, 2013 8:10 PM

    As fun as it may be to bash Jay-Z and the lady agent, I don’t see how this was a bad deal for Smith.

  17. immafubared says: Jul 22, 2013 8:19 PM

    If Geno can’t beat out Sanchez then I was correct, he is dummer than a rock.

  18. micknangold says: Jul 22, 2013 8:20 PM

    LOL at all the “experts” trashing Geno Smith in every post he’s mentioned in. Maybe watch him play in the NFL first before making a sweeping judgment about him?

  19. rmcnulty234 says: Jul 22, 2013 8:32 PM

    What a jack ass, what’s not being reported is Jay Z also gets 50% LOL. Geno your a fool

  20. beefturkey says: Jul 22, 2013 8:40 PM

    Dude’s a turd.

  21. giantsfan64 says: Jul 22, 2013 8:45 PM

    Hey Spedman24. You heard it here first. Sanchez sucks. The only good thing about Sanchez was Kate Upton, & he blew that also. Butt he will be remembered for the BUTT FUMBLE..

  22. mackcarrington says: Jul 22, 2013 8:46 PM

    Get paid just for showing up to work out? Sounds like really easy money to me.

  23. nomoreseasontix says: Jul 22, 2013 8:50 PM

    It sure LOOKS like they don’t think he’ll put the extra work in without money riding on it.

    Not really looking like a guy you want to hitch your wagon to as the future of the franchise.

  24. nomoreseasontix says: Jul 22, 2013 8:53 PM

    joneildu…..

    You make a very good point….

  25. kenstabler says: Jul 22, 2013 9:05 PM

    After seeing the crying game he played at the NFL draft, the Jets are just wasting money. This kid will never make it in the over critical media market of NY. He will be forced into the starting line up, and crushed by the NY media when he fails, which he will because his supporting cast is questionable at best.

    His only success will be the book he writes after his short NFL career.

    “Cry Me A River”, by Geno Smith.

  26. bigbadal21 says: Jul 22, 2013 9:36 PM

    I disagree with the whole deal. It should be illegal according to the CBA. How can you be guaranteed time off in the CBA then have your pay structured around extra time spent at the facility?

  27. demjoneses says: Jul 22, 2013 9:48 PM

    If Geno already plan to make all of the voluntary workouts wouldn’t this be an easy way to guarantee more of your money? Should he have tied it to performances when he don’t even know if he’ll start? I think this Geno and his agent (whose name isn’t Jay Z) got a good deal.

  28. viguy007 says: Jul 22, 2013 10:19 PM

    Since I do not like Geno or Jay Z, I really did not want this to work. But I really can’t help thinking if Revis had this in his Rookie contract, he would still be one of the Jets. A lot of bad blood would have been avoided. A new GM, a new day.

  29. dbfan4ever says: Jul 22, 2013 10:32 PM

    if you don’t know how to spell “dumber” than I would be calling anyone “dummer than a box rocks”. I am pretty sure that a box of rocks knows how to spell the word dumb

  30. j0esixpack says: Jul 22, 2013 10:43 PM

    Sorry Jay-Z

    Good agents try to get a “fall off a log” provision worked into a contract where players get a payment no matter what.

    In this case, if Geno has a log fall on HIM he can probably say goodbye to his “guaranteed” money

  31. blackhawks2010 says: Jul 23, 2013 1:01 AM

    Stick to Rap Music Jay Z…..

  32. ryann252013 says: Jul 23, 2013 6:38 AM

    Yes everyone, lets jump to conclusions on his work ethic even though it is a known fact the guy works hard.. This was just a good idea by the agent, this has nothing to do with being a “Diva” “Whiner” it’s just a way for the jets to be able to cut him if necessary without taking a huge cap hit.

  33. FinFan68 says: Jul 23, 2013 11:05 AM

    dbfan4ever says:
    Jul 22, 2013 10:32 PM
    if you don’t know how to spell “dumber” than I would be calling anyone “dummer than a box rocks”. I am pretty sure that a box of rocks knows how to spell the word dumb
    ~~~~~~~~~~~~~~
    That box of rocks might actually get the word “then” right as well, or maybe it “wouldn’t”. Hopefully you had a smart-phone auto correct issue. If not, you look like a tool for hammering someone for mistakes while making similar ones of your own. ;)

  34. lrjets says: Jul 23, 2013 1:41 PM

    rmcnulty234 says:Jul 22, 2013 8:32 PM

    What a jack ass, what’s not being reported is Jay Z also gets 50% LOL. Geno your a fool
    _______________________________

    Gotta love critics who cannot spell or recognize compound words taught in fourth grade.

    “your”? Try “you’re” from the two words- you and are. Got that now?

  35. lrjets says: Jul 23, 2013 1:45 PM

    @ Raiders and Dolphins fans here. Don’t you love when they criticize the Jets?
    One team cannot sell out their eight home games, the other is so bad, it’s not worth it to go to that stadium where they tip over cars and paint their faces thinking it might help the team.

  36. eliotzz says: Jul 24, 2013 12:54 AM

    Its amazing to me how these rumors of Geno being lazy and unmotivated began and here we go again with the laziness card being thrown down. I used to think that sports fans were much more educated in sports than the average voter was in politics (low information), however when it comes to pro fans I’m beginning to question that. As a WV fan I can report to all the Jets fans that Geno Smith graduated early with an above average GPA and from high school through college had a reputation for being an avid student of the game. Coaches reported regularly that he was always the first at practice and the last to leave and would watch films for hours on every day off and bi-week. Any WVU fan can concur because it was mentioned week in and week out at press conferences for his entire college career. It would seem clear to anyone who knows Geno that it was likely due to his less than experienced and more than overpriced, that allowed the Jets to attach this kind of stipulation to his contract. He had to have been starstruck to sign with Jay Z. What a travesty.

  37. eliotzz says: Jul 24, 2013 1:01 AM

    Its amazing to me how these rumors of Geno being lazy and unmotivated began and here we go again with the laziness card being thrown down. I used to think that sports fans were much more educated in sports than the average voter was in politics (low information), however when it comes to pro fans I’m beginning to question that. As a WV fan I can report to all the Jets fans that Geno Smith graduated early with an above average GPA and from high school through college had a reputation for being an avid student of the game. Coaches reported regularly that he was always the first at practice and the last to leave and would watch films for hours on every day off and bi-week. Any WVU fan can concur because it was mentioned week in and week out at press conferences for his entire college career. It would seem clear to anyone who knows Geno that it was likely due to his less than experienced and more than overpriced representation, that allowed the Jets to attach this kind of stipulation to his contract. He had to have been starstruck to sign with Jay Z. What a travesty.

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