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  1. #1
    Moderator RoanokeFan's Avatar
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    OSI UMENYIORA'S RESTRUCTURED CONTRACT WITH GIANTS IS JUST FOR ONE YEAR, $6M AND DOESN'T INCLUDE ANY INCENTIVES

    OSI UMENYIORA'S RESTRUCTURED CONTRACT WITH GIANTS IS JUST FOR ONE YEAR, $6M AND DOESN'T INCLUDE ANY INCENTIVES

    "Now it's clear why Osi Umenyiora's
    former agent didn't want him to sign his restructured contract.



    Turns out it wasn't a very good deal at all.




    Umenyiora's restructured contract is only worth a total of $6 million,
    according to multiple NFL sources that provided the details to the Daily News on
    Tuesday – and that's the "best-case" scenario, if the 30-year-old defensive end
    plays all 16 games this season. The reworked contract also doesn't include any
    incentives, according to one source who saw the deal.




    That appears to be less than the incentive-based package the Giants were
    believed to be offering Umenyiora last spring, when he staged a brief holdout
    and then rejected the offer and chose to play under his existing deal instead.
    He had one year left on that deal that would've paid him a salary of $3.975
    million and about another $725,000 in bonuses for a total of around $4.7 million
    before he restructured late last week.




    In other words, after years of fighting the Giants, threatening to retire,
    calling GM Jerry Reese a liar in court, staging a brief holdout and complaining
    often, Umenyiora may have only gotten an extra $1.3 million out of the Giants –
    less if he doesn't play every game.




    The breakdown of his new deal goes like this: Umenyiora got a $2 million
    signing bonus and is due a base salary of $2.5 million. He'll get a $500,000
    roster bonus and a $250,000 reporting bonus. The remaining $750,000 will be paid
    off in a per-game bonus - $46,875 for every game he plays.




    Umenyiora's cap number will be about $4.6 million. The deal also includes a
    $1 million salary in 2013, but that's a "voidable year" of the deal, meaning he
    is scheduled to be an unrestricted free agent next March.




    Though he didn't reveal the terms, Umenyiora admitted on Monday that his
    former agent, Tony Agnone, told him it was a "substandard" deal and he felt that
    he could get him something better. When Umenyiora decided to sign it anyway, he
    and Agnone split, though the defensive end said he plans to rehire Agnone before
    he becomes a free agent.




    Exactly what Agnone could have gotten for Umenyiora is unclear because the
    Giants clearly weren't willing to give him a long-term deal at anywhere near
    market value, which for a top defensive end is around $11 million per season
    with $15 million in guaranteed money, at least. That figures to be what
    Umenyiora, presumably with Agnone's help, will be seeking on the open market in
    March, if the Giants don't slap him with the "franchise player tag," which
    Umenyiora said he would gladly sign."

    “Never argue with an idiot. They will only bring you down to their level and beat you with experience.” MB Rule # 1








    # 80

  2. #2
    Moderator RoanokeFan's Avatar
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    Re: OSI UMENYIORA'S RESTRUCTURED CONTRACT WITH GIANTS IS JUST FOR ONE YEAR, $6M AND DOESN'T INCLUDE ANY INCENTIVES

    Maybe I'm missing something but I think this is a classic example of the media fanning a spark. By all accounts, the GIANTS did offer Osi and extension the details of which have never, to my knowledge, been revealed. Osi has said he chose to take the one time, lump sum, payment that he happily accepted.

    I just don't get why paying Osi more for the final year of his contract is a bad thing I guess. Even Osi admits the GIANTS could have just made him play under the terms of the original agreement.
    “Never argue with an idiot. They will only bring you down to their level and beat you with experience.” MB Rule # 1








    # 80

  3. #3

    Re: OSI UMENYIORA'S RESTRUCTURED CONTRACT WITH GIANTS IS JUST FOR ONE YEAR, $6M AND DOESN'T INCLUDE ANY INCENTIVES

    After reading this whole article I am left with only one thing:

    ...Things that make you go 'hmm'

  4. #4
    Moderator RoanokeFan's Avatar
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    Re: OSI UMENYIORA'S RESTRUCTURED CONTRACT WITH GIANTS IS JUST FOR ONE YEAR, $6M AND DOESN'T INCLUDE ANY INCENTIVES

    It's like the talking heads can't accept peace and calm lol
    “Never argue with an idiot. They will only bring you down to their level and beat you with experience.” MB Rule # 1








    # 80

  5. #5

    Re: OSI UMENYIORA'S RESTRUCTURED CONTRACT WITH GIANTS IS JUST FOR ONE YEAR, $6M AND DOESN'T INCLUDE ANY INCENTIVES

    1.3m raise is small to this person? Must be nice...He must make alot writing garbage. Oh wait...It's Ralph, he does make alot for writing garbage.

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