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Old 05-06-2009, 06:36 PM   #1
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Default James Harrison contract details


James Harrison contract details

http://myespn.go.com/blogs/afcnorth
May 6, 2009 11:00 AM

Posted by ESPN.com's James Walker

A couple weeks ago, we explained that some league insiders were scratching their heads about how the salary-cap strapped Pittsburgh Steelers worked out a massive six-year, $51.175 million contract with Pro Bowl linebacker James Harrison this offseason.

Finally, the AFC North blog has the details.

Here are the key points:

* Harrison received a $10-million signing bonus up front and a $2.555-million roster bonus for this year.

* Harrison's base salary in 2009 is $800,000.

* In 2010, which could be an uncapped year, the contract gets tricky as Harrison's base salary drops to $755,000. But he also has a reporting bonus of $2.8 million.

* In 2011, Harrison's salary jumps to $3.66 million and includes $900,000 roster bonus.

* In years four, five and six Harrison's salary balloons to $5.315 million, $6.32 million and $7.325 million, respectively.

Our analysis of Harrison's contract is he will be a Pittsburgh Steeler for at least the next three years. Once year four comes around, Harrison will be a 35-year-old linebacker, and the team will have to gauge his level of play at that point versus the increasingly high salary.

Pittsburgh Steelers, AFC North, James Harrison, NFL

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Old 05-06-2009, 06:51 PM   #2
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Default Re: James Harrison contract details

Works for me.
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Old 05-06-2009, 08:13 PM   #3
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Default Re: James Harrison contract details

Still dont get it exactly. Anyone care to elaborate for me?
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Old 05-06-2009, 08:38 PM   #4
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Default Re: James Harrison contract details

i dont know. the number listed in the post add up to less than $42 mil. (thats including the $10 mil signing bonus).
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Old 05-07-2009, 02:02 AM   #5
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Default Re: James Harrison contract details

Hah, cool. So basically, he's playing for about $4 million a year unless we have our heads up our asses.
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Old 05-07-2009, 03:52 AM   #6
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Default Re: James Harrison contract details

Man, ouch, that contract looks like one of those balloon home mortgages. They're nice and cozy for the first 3 or 4 years, afterwards one must refinance.

Oh well, whatever it takes to keep our star players while staying under the cap.
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Old 05-07-2009, 03:56 AM   #7
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Default Re: James Harrison contract details

Quote:
Originally Posted by tony hipchest View Post
i dont know. the number listed in the post add up to less than $42 mil. (thats including the $10 mil signing bonus).
That is after taxes.
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Old 05-07-2009, 05:23 AM   #8
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Still dont get it exactly. Anyone care to elaborate for me?
The contract is back loaded into the last three years. So after the first three(maybe 4) seasons of the extension, we'll hear about him getting released or restructuring his contract to something more cap friendly. One or the other.
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Old 05-07-2009, 03:35 PM   #9
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Originally Posted by Galax Steeler View Post
That is after taxes.
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Old 05-07-2009, 03:57 PM   #10
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Default Re: James Harrison contract details

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The contract is back loaded into the last three years. So after the first three(maybe 4) seasons of the extension, we'll hear about him getting released or restructuring his contract to something more cap friendly. One or the other.
Yeah, but at least it gives us the option to keep him year-to-year if we want. I mean, $5 million and $7 million salaries are a lot, but that'll hardly be top-end money four years from now. If he's even still playing then. We'll see what happens, I guess.
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