I just clicked on it and found a discussion about Edge
Here:
LINK
I made it easier for you.
Please read it carefully. Seriously.
It may enhance your understanding.
Basically, what you're saying is this(correct me if I'm wrong): 1.The owners take a huge risk with the signing bonuses.
2.This is obviously an advantage to the players.
I'm with you on those first two points. However, your next few steps are invalid imo:
3.Because of #1 and #2, the owners deserve the assurance that the player will play out his contract.
I disagree with this leap in logic. Just because Side A gives in to one thing, doesn't mean that Side B is forced to give into another separate issue. You write:
"However, in return for taking this kind of up-front risk (and giving a more substantial sum in terms of future money value), the owners want to ensure that in developing the player that they will retain the player's services for an extended period of time. That's a vey realistic expectation."
Ok....yes they WANT to ensure that, but can they ensure that? No. I'm sorry, but they just can't.
Furthermore, you write:
"The players, in turn, get a sizable chunk of money up front (again, we have the advantage of the basic principle of time/value of money) -
money that is guaranteed unless they violate their end of the contract - and then also have the assurity of long term employment provided that their performance meets what management considers comparable value to the team."
So if a player chooses to void his contract(Rick Williams), then he gives back some of the signing bonus...ok, I can agree with that. That still doesn't change the fact that the player has the option to void the contract(and thus give back part of the signing bonus).
"Both sides understand this agreement. Both sides understand - or should understand - the risks and benefits of their part in the agreement. That the players don't get it despite "outperforming" their contract - a highly debatable point - only shows that they have received some very poor advice & representation from their agent. I don't see how that's the team's fault in any way, shape, or form."
I totally disagree that "both sides understand" your interpretation of the agreement. Cleary, the players have the advantage since they are the skilled labor and the ones that make the league go. Clearly, they don't understand whatever you're saying.