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Gonzalez got $17.5 million in guaranteed money


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Gonzalez got $17.5 million in guaranteed money

By D. ORLANDO LEDBETTER

The Atlanta Journal-Constitution

Friday, April 24, 2009

The price tag for Falcons tight end Tony Gonzalez wasn’t cheap.

In addition to the second-round draft pick the Falcons sent the Kansas City Chief, they accepted his contract, which gives him a chance to earn $14.25 million over the next three seasons.

http://www.ajc.com/sports/content/sports/f...s_contract.html

Gonzalez just completed the second year of a five-year, $35 million contract extension he signed with the Chiefs in January 2007.

He received $17.5 million in guaranteed money in the deal. He has base salaries - which are not guaranteed — of $4 million in 2009, $4.5 million in 2010 and $5.75 million in 2011.

His salary cap numbers are $6.5 million in 2009, $7 million in 2010 and $8.25 million in 2011.

Gonzalez, the all-time NFL leader in receptions, yardage and touchdowns for a tight end, will be at a Arthur Blank Foundation event this evening.

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Gonzalez got $17.5 million in guaranteed money

By D. ORLANDO LEDBETTER

The Atlanta Journal-Constitution

Friday, April 24, 2009

The price tag for Falcons tight end Tony Gonzalez wasn’t cheap.

In addition to the second-round draft pick the Falcons sent the Kansas City Chief, they accepted his contract, which gives him a chance to earn $14.25 million over the next three seasons.

http://www.ajc.com/sports/content/sports/f...s_contract.html

Gonzalez just completed the second year of a five-year, $35 million contract extension he signed with the Chiefs in January 2007.

He received $17.5 million in guaranteed money in the deal. He has base salaries - which are not guaranteed — of $4 million in 2009, $4.5 million in 2010 and $5.75 million in 2011.

His salary cap numbers are $6.5 million in 2009, $7 million in 2010 and $8.25 million in 2011.

Gonzalez, the all-time NFL leader in receptions, yardage and touchdowns for a tight end, will be at a Arthur Blank Foundation event this evening.

Good 'ole Darrel - never bothers to get his facts right. Those cap hits included staggered bonus dollars which escalated when they traded him. We get hit for the 4 mil, 4.5 mil and 5.75 mil. Also, in the ESPN article - it hinted that the Falcons had a new deal in place with TG, which has not been revealed yet.

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Good 'ole Darrel - never bothers to get his facts right. Those cap hits included staggered bonus dollars which escalated when they traded him. We get hit for the 4 mil, 4.5 mil and 5.75 mil. Also, in the ESPN article - it hinted that the Falcons had a new deal in place with TG, which has not been revealed yet.

You beat me too it!

The guaranteed money ($17.5m) relates to the Chiefs & they will take the salary cap hit for the remaining portion. We will pay the remaining three years of his contract PLUS roster bonuses of $2m in 2010 & 2011, assuming a new contract is not agreed as part of the trade.

Gonzowill therefore receive $18.25m over the next three years not $14.25.

Perhaps he should spend less time thinking we'll take Clint Sintim in the first round & do his research. Either that or the AJC could hire The Prof.

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