Fisher will catch $10 million within five days

AP

In the end, the first pick in the 2013 draft cried uncle on the issue of offsets.  In exchange, he’s getting a ton of money up front.

Per a league source with knowledge of the deal, Eric Fisher will receiver $10 million in the next five days from the Chiefs under the contract he signed within the past hour.

(Only George Clooney can get $10 million faster than that.)

Not many teams have a habit of turning over that much cash that quickly.  Sure, players “earn” their signing bonuses upon signing  the contracts.  But it’s one thing to sign the paper and quite another thing to collect it.

The $10 million to be paid in five days is part of a $14.518 million signing bonus.  The rest of the money will be paid in full by February 15, 2014.

Fisher also has minimum base salaries ($405,000 in 2013, $495,000 in 2014, $585,000 in 2015, and $675,000 in 2016) along with training-camp roster bonuses of $918,659 in 2014, $1,837,318 in 2015, and $2,755,977 in 2016.

The deal is fully guaranteed for injury, skill, and salary cap.  And while it includes offset language, first-round offensive linemen rarely if ever are cut within four years.  (Even Tony Mandarich, the biggest offensive lineman bust in league history, made it three years with the Packers.)

So Fisher traded a term that most likely will be irrelevant for him in exchange for $10 million now, $4.518 million soon, and the ability to double dip in the highly unlikely event he gets cut at some point between the start of training camp and the start of a regular season.

24 responses to “Fisher will catch $10 million within five days

  1. Except, Clooney didn’t actually get the money faster than that because he specifically turned down the offer.

  2. Strong resemblance to the ex Patriot player now a guest of The Bristol County House Of Corrections.

    Does this guy have any “tattoos??”

  3. Not sure what the state taxes are there but he can expect to promptly hand over a large chunk of that money to the government. 40% to Uncle Sam for income taxes and another 8% or so in payroll taxes. If he were in California it would be perilously close to 15% in state taxes. So best case scenario he is “only” going to be able to keep $5 million.

  4. Fisher is a year older than Luke Joeckel. So at the same age as Joeckel was First Team All SEC and Outland Trophy winner in his third year as a starting LT, Eric was in his first year as starting LT and THIRD team MAC selection. Which is like D3 or something.

    Ridiculous.

  5. Big brad ,
    I am a brad as well! And I assure you, the highest paid tax strategists he will hire, will most certainly assure his tax liability will be significantly lower than that! Remember, once your income is above 8 zeros, the same rules do not apply!

  6. joeckel is softer than baby wipes. lol @ his and jags fanboys still thinking he’s better than fisher.. you’ll see soon enough.

  7. shayeezy says: Jul 26, 2013 3:37 PM

    joeckel is softer than baby wipes. lol @ his and jags fanboys still thinking he’s better than fisher.. you’ll see soon enough.
    ____________________________

    You’re basing this assessment on what?

    The fact that he dominated the toughest conference in CFB, the fact that early reports out of Jacksonville are they he is dominating everyone put across from him, or the fact that you are a Chiefs “fanboy”.

    Please…

  8. jack3dsd says: Jul 26, 2013 3:26 PM

    I would take the money and retire

    ____________________

    Umm, you have to actually work before you can “retire”

  9. How does this work out better for the chiefs? They pay have to payout 10 million dollars in the next week, just to avoid the very rare chance they save a couple of million in a few years.

  10. >> the fact that early reports out of Jacksonville are they he is dominating everyone put across from him<<

    The key point left out is "everyone the Jaguars put across from him." Fisher will be going against one of the league's better young pass rushers in Justin Houston; the Jags pass rushers are, well, a bunch of JAGs….

    Speaking of Joeckel, how's that bruised vagina he suffered on draft day healing up?

  11. >>How does this work out better for the chiefs?<<

    It doesn't, really. The main issue here (and in the other "offset impasses" as well) is that the precedent is being set on offset language in the contracts of high first-round picks. That's all this was really about….

  12. These thin skinned Chiefs fans crack me up.

    Making stuff up about Joeckel (now he’s soft? Spare me!) to feel better about Fisher (a RT w/ the first pick overall bc Miami hoodwinked you?) is laughable.

    Your new coach had the first pick and he did something questionable. That’s all.

    Unbunch your panties and stop telling lies about the guy he passed over, who excelled consistently against a much higher level of competition.

    It’s not the first time Andy’s fans have had to defend a head scratcher of a decision by him. And it won’t be the last.

  13. When the end of week one comes around and the Jags are 0-1 then the Chiefs “fanboys” can talk. How insecure are you Jags fans that you have to validate your second pick by whining about the first. Look up NFL upside for 2013 and you won’t see a picture of Blaine Gabbert and company

  14. These thin skinned Eagles fans crack me up.

    Always trolling around Chiefs articles to whine about Andy. Get over it dude, he’s not your coach anymore.

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