Is the money guaranteed?
Only the initial signing bonus. A contract can be terminated at any time by ownership. What’s the big deal with the “June 1” date? After June 1, the team can stretch their salary cap liability over the next two seasons. Instead of taking the full “hit” in the year of the players release, for example, the hit can be spread over two years…freeing up needed cap space for the immediate season. What are “voided years” in a contract? These are typically out clauses that a player can have negotiated into a contract. He is able to “void” his contract if certain goals are attained. That wasn’t so bad, was it? While we’re on the subject, let’s cover the rookie pool real quick. This “cap within the cap” is the amount allotted to a team to sign rookies…including draft picks. It takes into account the number and placement of each team’s draft picks. In 2002, the average rookie pool was about $3.8 million per team. In 2003 the total DROPPED to about $3.7 million per team. The point? As the salar
” All good questions. I e-mailed the director of the foundation. (See the copy of the letter at the top of this page.) He sent me a copy of a letter – as an Adobe document – from a “Merrill Lynch” company in Los Angeles. Supposedly, the money is already there. (You can click on the link, if it does not work, I will gladly send you a copy of this document.) However, I have wasted three stamps and written this organization three times. Not one response, not even a returned, unopened letter. I also called their office the other day, their strategy was to leave me on hold until I tired of this little charade. Needless to say, this is extremely suspicious! And just because a GM is involved, don’t be fooled either! You think if you win a prize that GM M. Ashley is going to pull a wad of cash out of his pocket and pay you? Forget about it! (GM Ashley is a nice guy … but who’s to say that he has not been duped by a bunch of con men?
