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Baas Restructures


Mr. P

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That's what I thought, thanks. So even tax-wise these guys aren't giving up a dime.

 

Not in the general sense, no.

 

As suggested above though, it's possible that some teams ask a player to give up a portion overall, in order to guarantee a larger percentage. So, if originally a 5 year deal for $20 million with a $5 million signing bonus...often quoted as 5 year deal with $5 million guaranteed...potentially worth $25 million total.

 

This deal could be restructured at a cost to the player for say $2 million to up the signing bonus to $12 million. Therefore, the deal becomes 5 year deal for $18 million with a $12 million signing bonus. In some cases, a player would be willing to do this to guarantee their receipt of the $$ regardless of whether or not they're cut/traded.

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