| Making sense of the Urlacher dollars and cents
Here is a look at the Brian Urlacher contract numbers so you can boil the situation down to the dollars and cents because no matter what is said ... it is all about the money.
Urlacher currently has four years remaining on the $56.65 million, nine-year contract he signed in 2003. That extension came with two years remaining on his rookie contract.
There is $22.4 million remaining to be paid in base salary. He’s passing on a minor workout bonus of $50,000 by skipping the voluntary workout program.
Here is how it’s divided:
2008 $3.95 million
2009 $4.95 million
2010 $6.15 million
2011 $7.35 million
The offer the Bears made Urlacher would add $18 million to the existing deal with a one-year extension that would carry through the 2012 season when he would be 34 years old. It would adjust the contract as such:
$5 million signing bonus
2008 $3.95 million base pay plus $1 million play-time bonus*
2009 $4.95 million base pay plus $1 million play-time bonus*
2010 $6.15 million base pay plus $1 million play-time bonus*
2011 $7.35 million base pay plus $1 million play-time bonus*
2012 $9 million base pay
* Urlacher would need to be on the field for 85 percent of the defensive snaps to trigger the bonus in each season.
So the new money breaks down with $5 million guaranteed as a bonus, $9 million in base pay in 2012 and $1 million payable in a play-time bonus in the next four seasons.
Posted by Brad Biggs on April 22, 2008 08:31 AM
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