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Author Topic: Source: Bell plans to join Jets for 4 years, $52.5 million  (Read 362 times)

Offline Cats4ever

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Re: Source: Bell plans to join Jets for 4 years, $52.5 million
« Reply #15 on: March 15, 2019, 03:17:46 PM »

We have to understand the time value of money.  Any financial advisor would say he made a bad deal and here are the reasons:

Quote
Bell will earn $26 million through the first two years of the deal, a figure that includes a signing bonus worth a mere $8 million and includes guaranteed base salaries and roster bonuses through 2020. By comparison, the Steelers offered a $17 million signing bonus and a cash flow of $33 million over the same period.

What universe are we living in where losing 7 million is a great deal?

Disingenuous Le’Veon Bell supporters cannot mask the fact that deal with Jets was a disaster
https://www.behindthesteelcurtain.com/2019/3/15/18265707/disingenuous-leveon-bell-supporters-cannot-mask-the-fact-that-deal-with-jets-was-a-disaster-nfl-news
Your treatment of others give them control of your soul
Matthew 5:25-26

Offline bluedog

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Re: Source: Bell plans to join Jets for 4 years, $52.5 million
« Reply #16 on: March 15, 2019, 03:37:58 PM »

We have to understand the time value of money.  Any financial advisor would say he made a bad deal and here are the reasons:

Quote
Bell will earn $26 million through the first two years of the deal, a figure that includes a signing bonus worth a mere $8 million and includes guaranteed base salaries and roster bonuses through 2020. By comparison, the Steelers offered a $17 million signing bonus and a cash flow of $33 million over the same period.

What universe are we living in where losing 7 million is a great deal?

Disingenuous Le’Veon Bell supporters cannot mask the fact that deal with Jets was a disaster
https://www.behindthesteelcurtain.com/2019/3/15/18265707/disingenuous-leveon-bell-supporters-cannot-mask-the-fact-that-deal-with-jets-was-a-disaster-nfl-news
And if he had taken it than suffered an injury and was cut. The narrative than would have been "He should have gone with the 35mil guarantee". The best financial advice I've ever got that still holds true today. "A bird in the hand" "Is better than two in the bush".

But hey when your boss offer you 17mil with no job security and the competition counter offer you 35 mil. Holla at us so we can see which one you take.
« Last Edit: March 15, 2019, 09:44:15 PM by bluedog »

Offline Professor

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Re: Source: Bell plans to join Jets for 4 years, $52.5 million
« Reply #17 on: March 15, 2019, 06:34:58 PM »
Ask those cut players about how important a Guarantee is.

Offline Cats4ever

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Re: Source: Bell plans to join Jets for 4 years, $52.5 million
« Reply #18 on: March 15, 2019, 08:13:09 PM »
Ask those cut players about how important a Guarantee is.
The Steelers have a history of honoring their  contracts regardless.  You have to understand who you are dealing with.
Your treatment of others give them control of your soul
Matthew 5:25-26

Offline bluedog

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Re: Source: Bell plans to join Jets for 4 years, $52.5 million
« Reply #19 on: March 15, 2019, 09:54:33 PM »
Ask those cut players about how important a Guarantee is.
The Steelers have a history of honoring their  contracts regardless.  You have to understand who you are dealing with.
Thats the biggest load of horse poo poo that's ever been sold. Even if it were true. Their contract are always overwhemly slanted in their favor and allows them to cut a player at their option. Whether they are hurt or other wise after the first couple of years. What part of cutting a player if they are hurt, or at their leisure after the first couple of years. Is actually fulfilling their contract are you not quite getting?
« Last Edit: March 17, 2019, 06:30:06 AM by bluedog »

 

 

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