All he did was agree to switch some salary money ($9MM) to guaranteed bonus money. This allowed the team to spread the cap hit over several years, BUT it also got him ALL that new bonus money up front, instead of waiting for it over the course of the season.
So it cost the team in up front money, but allowed them to spread it out on the cap books.
The effect to Eli was that he got $9MM the day he redid the contract. Thats not doing anyone any favors.
It was a win/win for both parties. Which is fine with me.
But its misleading to suggest that Eli was doing something benevolent for the team and Giants fans. He did what he is supposed to do, do right by himself and his family.
Eli is actually making 13.5 mil this year. Not 20. 20 is his cap hit
The other 6.5 that makes up the 20 mil is dead money.
If you're lucky enough to have a franchise QB, then $20M+ per year is fine. It's the most important position by far in the NFL and a franchise QB can keep you in the hunt year-in-and-year out, even when the team as a whole may not be worthy of it.
That $20M+ per year that Eli gets is piece of mind for the Giants and us fans.
Again, just to reitterate to some of you. Eli is not making 20 mil. Hes averaging about 16.
I dont think anyone in the NFL is making 20+mil/year.
Can everyone please stop with the 20million salary hysteria? It doesnt exist. Nobody has ever signed something along the likes of a 7 year 155mil contract. And until someone does, just stop. please.