As usual, Rams are waiting to sign their draft picks

Getty Images

At a time when more than two-thirds of the 2018 NFL draft class has signed, the Rams still haven’t signed a draft pick. That’s by design.

The Rams have, for several years, been among the last teams to sign their rookie class. That’s because the Rams first like to spend some time educating their rookies about life in the NFL before paying them life-changing money, which a rookie signing bonus can be.

A few years ago we noted that the Rams do “Financial Planning 101” with rookies, wanting them to have an idea of what to do with their signing bonuses.

Kevin Demoff, the Rams COO, has said he likes to sign players at the end of the offseason program, before the pre-training camp break.

“One of the things that we think is important with that is bringing the rookies in as a group, having them live together as a group, and not having any real differentiation between the first-round pick and the undrafted rookie,” Demoff said. “They’re in the hotel together. They’re eating meals together. They’re doing things together. And then [by the time] they all scatter, we’ll sign their contracts. They’ll leave knowing the contract’s done, so they don’t have to worry about that headache when they go on vacation.”

Expect the Rams’ rookies all to sign at once within the next few weeks.

24 responses to “As usual, Rams are waiting to sign their draft picks

  1. When explained, seems like a pretty prudent way of doing business. Good on them.

  2. Most draft prospects are extended lines of credit by their agents when they sign with them once the college football season ends. The player repays the money once they sign their contract and the loans carry ridiculous interest rates. Aside from a house, most of these players have already bought cars and anything else they’d planned on buying. The Rams think they are doing a service to their draft picks by offering a Financial Planning 101 course, but what they’re doing in the short term is indirectly encouraging the players to run up the tab on those short-term loans. That runs counter to anything that will be taught in any Financial Planning 101 course.

  3. “That’s because the Rams first like to spend some time educating their rookies about life in the NFL before paying them life-changing money, which a rookie signing bonus can be.”

    Or could the real reason is that Stan Kroenke likes to delay the departure of millions of his dollars as long as possible so that he can make a few more dollars before that money leaves his checkbook???

  4. I think that is a very responsible way of doing things. Hopefully, the players listen to it and take it to heart, but at least the education is provided to them.

  5. Hmm. Is that the real reason or is it tied to Aaron Donald still bending Snead over a barrel as they descend into cap hell?

    This is seriously arrogant and full of itself and they’ve been irrelevant for over a decade, which is weird.

    Pay the picks. Now.

    Absolutely ridiculous.

  6. Johnnyrockets says:
    May 18, 2018 at 7:24 am
    DO RAMS FANS EVEN EXIST ?????

    You’re confusing the Rams with the other team in the Los Angeles region. You know, the one who plays in a soccer stadium and are often outnumbered by opposing fans. And no, the Charger don’t have fans

  7. gtodriver says:
    May 18, 2018 at 7:12 am
    “That’s because the Rams first like to spend some time educating their rookies about life in the NFL before paying them life-changing money, which a rookie signing bonus can be.”

    Or could the real reason is that Stan Kroenke likes to delay the departure of millions of his dollars as long as possible so that he can make a few more dollars before that money leaves his checkbook???
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    As an Arsenal fan I can 100% attest to the above statement.

  8. chc4 says:
    May 18, 2018 at 9:43 am
    All teams do some form of this. Not exactly rocket science.

    ———————–

    Right, but they get their guys paid in earnest. They don’t withhold their deals before lecturing them about finances.

    This is ridiculous, honestly, and should be illegal. There really should be a quicker deadline to get these guys under their rookie deals because the money is already calculated under the Rookie Cap. The deals should come relatively quickly or be done pretty much all at once.

    It comes off more like a gimmick or a veiled reason as to why they don’t have their books in order.

    It’s the Aaron Donald Problem, essentially. For months they’ve been telling us he’s ready tp sign and it hasn’t happened.

    Meanwhile, they absorbed Talib’s bloated contract and traded for him, wasting a 5th rder, when everyone knew he’d be released due to Denver’s cap hell.

    So, they screwed up there, where they could have Talib for cheaper, because BB was not going to bid on Talib and Talib either wanted to to go to NE or LA.

    Next, Suh, is obviously a stupid rental when Donald is not signed. That gives Donald even more leverage than he already had. Again, very stupid.

    It could be that Donald squeezes Snead so bad, he goes to FA, and walks.

    Snead blew almost all of the RG3 picks and now he’s got guys with big egos and mouths bending him over the sink.

    I don’t buy this “we wait to pay our guys until after we lecture them about financing” crap.

    This is due to Aaron Donald’s contract and them trying to squeeze that in, while needing to allocate about 7 million in rookie contracts at the same time.

    That’s how tight up against the cap they are. You really should leave about 5-10 million open up against the cap for in-season “operating costs” (street signings, maybe a trade, and/or any dead money you’ll need to carry due to camp cuts).

    Teams that spend all the way to the cap in the spring and into Sept, are very stupid and poorly run.

    Ozzie Newsome just got fired, partially for this problem.

  9. Of course it’s in the teams best interest to hold onto the cash as long as possible, how people don’t understand that is beyond me.

    Regarding the loans that the agents float to their signees – if the interest rates are bordering on criminal, the agents should be called out for that as well.

  10. It’s dumb. Give the guys the loot so that they can get their affairs squared away. If it was such a great idea, every team would be doing it.

  11. 26predator says:
    May 18, 2018 at 12:39 pm
    It’s dumb. Give the guys the loot so that they can get their affairs squared away. If it was such a great idea, every team would be doing it.

    ————————–

    Exactly. That’s why it’s so suspicious.

  12. grumpysal says:
    May 18, 2018 at 12:11 pm
    Of course it’s in the teams best interest to hold onto the cash as long as possible, how people don’t understand that is beyond me.

    Regarding the loans that the agents float to their signees – if the interest rates are bordering on criminal, the agents should be called out for that as well.

    0 0 Rate This

    ———————————–

    Well, the rookies should be paid immediately because the numbers are already set, generally speaking.

    This is what the Rookie Cap was supposed to do. It almost smells like an excuse as Snead is moving numbers around to squeeze enough to get the Donald deal done.

    I’ve never heard of this.

  13. They have been doing this for a while. I remember when Jeff Fisher brought in 1 Million dollars in cash, laid it out on the table and showed what would happen to that money in real life. I thought it was a brilliant idea that can only help these young men try to understand some of the decisions and risks that come with life changing money. I fail to see any negative in this.

  14. Rather than speculate about whether or not it works, can we see some data? How often do guys who signed as rookies with the Rams get in financial trouble down the road? How often do players who were Rams rookies get in legal trouble? How do those numbers compare to the other teams in the NFL. It would be interesting to see which teams have the best/worst track records for rookies who eventually go bankrupt or wind up in court.

  15. I’ve heard this bit several times, and I used to agree with it, but not any more. These rookies are going through mini-camp and other workouts and will be training for about 4 weeks before they get contracts. If the Rams want these young men to know about Economics 101 take the first day of camp, or two days, or whatever they think is needed, educate them, then pay them. What would happen if one of their draft picks gets injured before they sign a contract? What about the undrafted free agents?

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!