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Poor Drew Rosenhaus (and other agents) (1 Viewer)

F

FavreAndAwayAnIdiot

Footballguy
According to Ashley Fox of ESPN:

"Because the rookie contracts will be significantly less, so too will be the agents' haul. Early Thursday evening, esteemed Milwaukee Journal Sentinel beat man Tom Silverstein tweeted another blow where the agents are concerned: The new deal will reduce agent fees for rookie contracts from a maximum of 3 percent to a maximum of 2 percent.

If that indeed is the case, not only will the agents be taking a percentage of a smaller contract than they had in the past, that percentage will be even smaller. For agents, this is very, very bad news."

I feel so bad for agents. How will they possibly survive this economic downturn? :X

 
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Does anyone know roughly what the range is for contracts for players drafted say in the 1-10 spots? How much less money are these players going to get?

 
'Ministry of Pain said:
Does anyone know roughly what the range is for contracts for players drafted say in the 1-10 spots? How much less money are these players going to get?
Click to expand...
Cam Newton Will Lose Millions With The NFL's New CBA
Cork Gaines | Jul. 25, 2011, 12:25 PM

Now that a new CBA deal is in place, we have a better sense of just how much money Cam Newton stands to lose. A lot.

Last year, Matthew Stafford, as the first pick of the draft by the Detroit Lions, signed a contract that will pay him at least $50 million, making him the seventh-highest paid quarterback.

According to the new CBA, the Carolina Panthers must give Newton a four-year deal with an option for a fifth year. And while the exact details of the new NFL rookie wage scale are still unknown, the NFL Players Association told its reps that Newton will make something in the neighborhood of $22 million in the first four years.

That is $28 million less than Bradford, and would be the smallest contract for a top pick since Eli Manning's $20 million deal in 2004.

Newton's average annual salary of $5.5 million wouldn't have even placed him among the 12 highest-paid quarterbacks in 2010.

If the fifth season option is picked up, Newton is guaranteed to make the average of the ten-highest paid quarterbacks that season. In 2010, that average was about $12 million. The NFLPA estimates that the fifth year would be worth $14 million in 2015. That would bring the total contract to $36 million.

Of course, this is all still a heck of a lot more than Newton would have made at Mississippi State.
Click to expand...
 
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'Faust said:
'Ministry of Pain said:
Does anyone know roughly what the range is for contracts for players drafted say in the 1-10 spots? How much less money are these players going to get?
Click to expand...
Cam Newton Will Lose Millions With The NFL's New CBA
Cork Gaines | Jul. 25, 2011, 12:25 PM

Now that a new CBA deal is in place, we have a better sense of just how much money Cam Newton stands to lose. A lot.

Last year, Matthew Stafford, as the first pick of the draft by the Detroit Lions, signed a contract that will pay him at least $50 million, making him the seventh-highest paid quarterback.

According to the new CBA, the Carolina Panthers must give Newton a four-year deal with an option for a fifth year. And while the exact details of the new NFL rookie wage scale are still unknown, the NFL Players Association told its reps that Newton will make something in the neighborhood of $22 million in the first four years.

That is $28 million less than Bradford, and would be the smallest contract for a top pick since Eli Manning's $20 million deal in 2004.

Newton's average annual salary of $5.5 million wouldn't have even placed him among the 12 highest-paid quarterbacks in 2010.

If the fifth season option is picked up, Newton is guaranteed to make the average of the ten-highest paid quarterbacks that season. In 2010, that average was about $12 million. The NFLPA estimates that the fifth year would be worth $14 million in 2015. That would bring the total contract to $36 million.

Of course, this is all still a heck of a lot more than Newton would have made at Mississippi State.

Read more: http://www.businessi...7#ixzz1T9gaciIr
Click to expand...
Click to expand...
Awesome Faust. Appreciate the time you took to get the link and also I must say I think this is fantastic for the NFL and will improve the competiveness even more. Teams won't be handcuffed with huge contracts on unproven players.

 
'Ministry of Pain said:
Does anyone know roughly what the range is for contracts for players drafted say in the 1-10 spots? How much less money are these players going to get?
Click to expand...
Just from listening to various media throw guesstimates around: about 50% less as far as contract size goes. Seems like they'll get to free agency a year or two quicker, though.
 
'Ministry of Pain said:
'Faust said:
'Ministry of Pain said:
Does anyone know roughly what the range is for contracts for players drafted say in the 1-10 spots? How much less money are these players going to get?
Click to expand...
Cam Newton Will Lose Millions With The NFL's New CBA
Cork Gaines | Jul. 25, 2011, 12:25 PM

Now that a new CBA deal is in place, we have a better sense of just how much money Cam Newton stands to lose. A lot.

Last year, Matthew Stafford, as the first pick of the draft by the Detroit Lions, signed a contract that will pay him at least $50 million, making him the seventh-highest paid quarterback.

According to the new CBA, the Carolina Panthers must give Newton a four-year deal with an option for a fifth year. And while the exact details of the new NFL rookie wage scale are still unknown, the NFL Players Association told its reps that Newton will make something in the neighborhood of $22 million in the first four years.

That is $28 million less than Bradford, and would be the smallest contract for a top pick since Eli Manning's $20 million deal in 2004.

Newton's average annual salary of $5.5 million wouldn't have even placed him among the 12 highest-paid quarterbacks in 2010.

If the fifth season option is picked up, Newton is guaranteed to make the average of the ten-highest paid quarterbacks that season. In 2010, that average was about $12 million. The NFLPA estimates that the fifth year would be worth $14 million in 2015. That would bring the total contract to $36 million.

Of course, this is all still a heck of a lot more than Newton would have made at Mississippi State.

Read more: http://www.businessi...7#ixzz1T9gaciIr
Click to expand...
Click to expand...
Awesome Faust. Appreciate the time you took to get the link and also I must say I think this is fantastic for the NFL and will improve the competiveness even more. Teams won't be handcuffed with huge contracts on unproven players.
Click to expand...
Great move for the NFL, as teams will now be more inclidned to trade for a top 10 pick in the draft as the financial risk will be more worth it again!

:thumbup:

 
Faust, in that article you linked ... the writer means "Sam Bradford" where he writes "Matthew Stafford", right?
 
The players pay these guys to be the bad guy. They are needed. Leeches, scumbags, whatever you want to call them, it would be pretty dumb to not have representation. These guys can really help a kids career, starting with pre-combine guidance.

These kids are dealing with massive salaries, at an incredibly young age. To not have an agent and think they are simply leeches, is the kind of misinformed BS you read on message boards.

 
Drew Rosenhaus is probably throwing a party. Most of his clients are guys that are already in the league and who come to him after their initial contract. He doesn't normally have many, if any, of the top draft picks. So ultimately, this is BETTER for his bottom line since their will be a LOT more money for veteran contracts which is where he makes his money. Also, Rosenhaus's rookie clients almost never miss training camp days because he gets them signed quickly. The guy gets a bad rap, but it's actually unusual for his clients to end up holding out in general. Now shaking teams downs for more money before contracts are up, that's another story.

Scumbags whose rookie clients ALWAYS hold out, like Eugene Parker will be the guys hurt the most by this.

 
'massraider said:
The players pay these guys to be the bad guy. They are needed. Leeches, scumbags, whatever you want to call them, it would be pretty dumb to not have representation. These guys can really help a kids career, starting with pre-combine guidance.These kids are dealing with massive salaries, at an incredibly young age. To not have an agent and think they are simply leeches, is the kind of misinformed BS you read on message boards.
Click to expand...
:goodposting: As much as it pains me to agree with anything by massraider, the agents are needed and do serve a purpose.
 
'FavreAndAwayAnIdiot said:
According to Ashley Fox of ESPN:

"Because the rookie contracts will be significantly less, so too will be the agents' haul. Early Thursday evening, esteemed Milwaukee Journal Sentinel beat man Tom Silverstein tweeted another blow where the agents are concerned: The new deal will reduce agent fees for rookie contracts from a maximum of 3 percent to a maximum of 2 percent.

If that indeed is the case, not only will the agents be taking a percentage of a smaller contract than they had in the past, that percentage will be even smaller. For agents, this is very, very bad news."

I feel so bad for agents. How will they possibly survive this economic downturn? :X
Click to expand...
Unless Drew has changed his policy, he is not affected at all negatively. He only handles 2nd and 3rd contracts and has stayed away from rookie contracts in the past. Now that free agency comes sooner he probably gets a big bump up in $$$$.
 
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I doubt very much that the agents are going to miss that 1% rookie cut. This year, the guys that are free agents are about to be seriously overpaid. Call it compensation for taking their medicine and towing the union line. Terms won't be formally announced till Friday, but there are some huge deals brewing right now with the 99% cash cap rule this year and some teams that are seriously under the cap. The agents are going to make out like bandits, with some ridiculous deals to be reported soon. :violin: for Rosenhaus & co.

 
I'm really glad they addressed this issue as it had gotten completely out of control and made no sense. Teams are almost penalized by getting the 1st pick due to the absolutely ludicrous guarantees given. It made no sense that a guy that has never played a down is making more money than proven all pro's. A bust in the top 5 can literally set a franchise back years....

 
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NFL agents should be thrilled with what they got out of this CBA. They could have gotten the NBA treatment and that would have cut them out almost entirely.

 
'Doug B said:
Faust, in that article you linked ... the writer means "Sam Bradford" where he writes "Matthew Stafford", right?
Click to expand...
I think he meant to say Two Years ago in reference to Matt Stafford, as the table that goes along with the article has Stafford as the seventh highest paid QB...the article also references Bradford's large contract, but doesn't have him listed as one of the highest paid QBs for this year, so I am guessing that Bradford's deal had a big signing bonus and escalating salaries in later years but a lower base salary for the 2011 season.

 
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