As a general rule, players like shorter contracts while teams like longer contracts.
Explain more, as this is illogical. A longer contract probably includes a large signing bonus and in theory gives the player security.
Contracts are not guaranteed.Players like big signing bonuses, but they like those no matter what the duration of the contract is.
Other things equal, since a contract is really a series of one-year options held by the team (since the team can cut the player and sign someone else without the player's permission, but the player cannot leave the team and sign somewhere else without the team's permission), players favor shorter terms while teams favor longer terms, just like players favor bigger dollar amounts while teams favor lesser dollar amounts.
Duration is often as big a sticking point as dollar amount, in fact.
This is from when Gates was holding out from the Chargers:
For the first time, Colona dropped Gates' demand below the seven-year, $33.311 million contract given to Gonzalez, the league's highest paid tight end. Gonzalez's deal voids after the fifth year and that drops the averages to around $4.3 million a season.
To hope to get a settlement, Colona recently told the Chargers he was willing to take less than Gonzalez but only if he could take a three-year contract.
The Chargers won't do that because the 25-year-old Gates would become a free agent when he's 28 in 2008.
Instead, the Chargers dropped the proposal from six years to five, but Gates and Colona aren't going for it.
It is quite common for a player to seek a three- or four-year deal while the team seeks a five- or six-year deal, but you never see the opposite.Here's why. Suppose in 2011 Gates is objectively worth around $7 million. If he is under contract for $10 million, he will be cut and sign for $7 million on the open market. If he is under contract for $4 million, he will not be cut and will have to play for just $4 million. (He could hold out, but that's his only leverage.)
So a contract that sets a price four years from now is effectively a
ceiling on what the player can make, but there is no floor since the player can be cut if the team doesn't want to pay him.
A situation where there's a ceiling but no floor works to the advantage of the team, and to the disadvantage of the player.
(It's different in baseball because contracts are guaranteed.)