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Old 09-05-2005, 11:43 PM   #21
BlitzburghRockCity
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Default Re: Ward signs four year deal....Updated w/ Financial Terms..

OK, so here's the numbers from the Post Gazette.. alittle different, but still the same ballpark,

Quote:
esterday morning, Ward signed a new five-year contract worth $27.5 million, according to sources familiar with the deal. It includes the largest signing bonus in club history, $9 million, plus a $1 million roster bonus that, combined with his salaries in the first three years of the deal, delivers to him the so-called "guaranteed" money he was seeking at $17 million, also the largest in club history.

That $17 million puts him among the top five receivers in guaranteed money in the NFL, according to those same sources.

If he plays the way he has over the past four years, Ward will receive incentives that push the total take to $30 million through 2009.

He receives a $5 million bonus now and another $4 million in early March when he receives another $1 million roster bonus. His annual salaries, starting this year, are $665,000, $2.75 million, $3.585 million, $4.7 million and $5.8 million.

"It was far more than I expected," Ward said.
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