RoanokeFan
06-05-2012, 02:33 PM
OSI UMENYIORA'S REWORKED CONTRACT WITH GIANTS: THE REAL NUMBERS (http://www.nj.com/giants/index.ssf/2012/06/osi_umenyioras_reworked_contra.html)
"Before I get into this, I want to correct one thing about the value of <a href="http://www.nj.com/giants/index.ssf/2012/06/osi_umenyiora_giants_agree_to.html">Osi
Umenyiora's new deal</a> as I had reported it. <div class="entry-content">
I had previously mentioned the Giants (http://www.nj.com/giants/)
had offered Umenyiora $7 million to $7.5 million over one year, per someone
familiar with previous talks. I've since learned that's incorrect and that I
misunderstood.</p>
<div class="embeddedMedia entry_widget_large entry_widget_right"><span class="mt-enclosure mt-enclosure-photo"><span class="adv-video"><a class="bc_video"><span class="bc_video_overlay"></span></a> <span class="video-data"><span class="title"></span></span><span class="photo-bottom-left"></span><span class="photo-bottom-right"></span></span></span>
</div>
What that person was trying to tell me was that, one, the total I just
mentioned was over two years (the second year being easily voidable) and, two,
perhaps the Giants would give Umenyiora a bump to make this thing happen. In
other words, the person was suggesting the offer could have been increased from
the one-year proposal that was previously $6.5 million. </p>
That's a long way of explaining my previous estimate was incorrect. I'm
rereading the texts and seeing where the miscommunication occurred. Sorry about
that, folks. </p>
Anyway, the point of this entry is to let you know I finally have the real
numbers on Umenyiora's new deal, which ESPN's Andrew Brandt reported on Monday
was worth $6.5 million. The "base" numbers I have add up to $6 million. Take a
look:</p>
2012
Signing bonus: $2 million
Base salary: $2.5 million
Reporting
bonus: $250,000
Roster bonus: $750,000 ($46,875 per game on the 46-man active
list) Roster bonus: $500,000 ($31,250 per game on the 53-man roster)</p>
2013
Base salary: $1 million
Note: This is a voidable year. What makes
it void was not included in the breakdown I received, but trust me when I say
it'll void extremely easily. Umenyiora won't be playing under this deal next
year. </p>
Now, as I mentioned, Brandt had this deal at $6.5 million. He didn't provide
a breakdown of how he got to that number, so I can't tell you how he got there.
I do know, as I've previously reported, the Giants were offering a sack bonus if
Umenyiora reached 10 sacks. Perhaps that's where the extra $500,000 lies. </p>
In any event, this is all finally behind us. All of us."
</p></div>
"Before I get into this, I want to correct one thing about the value of <a href="http://www.nj.com/giants/index.ssf/2012/06/osi_umenyiora_giants_agree_to.html">Osi
Umenyiora's new deal</a> as I had reported it. <div class="entry-content">
I had previously mentioned the Giants (http://www.nj.com/giants/)
had offered Umenyiora $7 million to $7.5 million over one year, per someone
familiar with previous talks. I've since learned that's incorrect and that I
misunderstood.</p>
<div class="embeddedMedia entry_widget_large entry_widget_right"><span class="mt-enclosure mt-enclosure-photo"><span class="adv-video"><a class="bc_video"><span class="bc_video_overlay"></span></a> <span class="video-data"><span class="title"></span></span><span class="photo-bottom-left"></span><span class="photo-bottom-right"></span></span></span>
</div>
What that person was trying to tell me was that, one, the total I just
mentioned was over two years (the second year being easily voidable) and, two,
perhaps the Giants would give Umenyiora a bump to make this thing happen. In
other words, the person was suggesting the offer could have been increased from
the one-year proposal that was previously $6.5 million. </p>
That's a long way of explaining my previous estimate was incorrect. I'm
rereading the texts and seeing where the miscommunication occurred. Sorry about
that, folks. </p>
Anyway, the point of this entry is to let you know I finally have the real
numbers on Umenyiora's new deal, which ESPN's Andrew Brandt reported on Monday
was worth $6.5 million. The "base" numbers I have add up to $6 million. Take a
look:</p>
2012
Signing bonus: $2 million
Base salary: $2.5 million
Reporting
bonus: $250,000
Roster bonus: $750,000 ($46,875 per game on the 46-man active
list) Roster bonus: $500,000 ($31,250 per game on the 53-man roster)</p>
2013
Base salary: $1 million
Note: This is a voidable year. What makes
it void was not included in the breakdown I received, but trust me when I say
it'll void extremely easily. Umenyiora won't be playing under this deal next
year. </p>
Now, as I mentioned, Brandt had this deal at $6.5 million. He didn't provide
a breakdown of how he got to that number, so I can't tell you how he got there.
I do know, as I've previously reported, the Giants were offering a sack bonus if
Umenyiora reached 10 sacks. Perhaps that's where the extra $500,000 lies. </p>
In any event, this is all finally behind us. All of us."
</p></div>