Rosenhaus Rumblings
1420sports
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There is a rumor that that Kearse has already told Rosenhaus to get TO in line or he is dropping him as an agent.
I would love to see Rosenhaus fall. He could have made more money simply getting TO a shoe deal than holding him out.
I would love to see Rosenhaus fall. He could have made more money simply getting TO a shoe deal than holding him out.
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That's interesting. Frankly though, at this point I believe this is all TO and not Rosenhaus because Rosenhaus is a greedy f*** but he ain't stupid. And at this point all this nonsense is just plain stupid. But Rosenhaus as TO's agent, has to do what TO says. Perhaps Rosenhaus might dump TO as a client? - Sounds crazy I know, but possible?
My opinion based on no information at all, is that I'd be surprised if the Eagles didn't try very hard make a trade to get rid of Owens for another wide receiver or even a running back. Owens though I think would still get right around the same money, possibly a little bit more. I agree with 1420 that no matter what Owens gets from his new team, if he goes to a new team, wouldn't equal what he has lost through endorsements.
He has more NFL superstar clients than any other agent.
TO will get his money.
TO will get his money.
from who? the Eagles? a restructure? same deal? new team?
TO will be happy because he got paid (though he didn't get more money...he just got it sooner).
The Eagles will be happy because (a) their best player is happy and (b) they didn't give him another cent.
Why is this so hard for both parties to agree to? Good god you'd think the Eagles WANT this kind of publicity. 'No such thing as bad publicity' huh?
If the Eagles give in, it affects EVERY TEAM IN THE NFL.
It's not the first time a team has given in to a player's demands. Why the Eagles are being so hard-headed about this is beyond me. They could have kept it quiet and renegotated it weeks ago and it wouldn't have been a story.
huh?
Renogiating a contract that is about to expire is one thing, but wanting to renogiate one that was signed a year ago (and going about it in this manner) is another.
I'm not sure I see the line of reasoning that says it's ok to renegotiate with one or 2 years left as opposed to 5 or 6.
Yes it sucks, but TO was scheduled to make what, less than a million this year? Why not incentivize his contract and give him the opportunity to make some money, then cut him as planned next year?
Just seems a lot of this drama could have been avoided.
They referenced the fact that people of Philly want a Superbowl champ - OK I'm with'm so far - and that TO is needed to make that happen - OK I'm with'm still - and that people have expectations since many hard working people took out 2nd and 3rd mortgages on their home to fund their season ticks and a trip to the Superbowl! - OK I'm no longer there?
Putting ones entire financial stability and future at risk for a bowl game? That's quite interesting.
Sorry Johnny, you won't be going to College but we did go to the superbowl in 2005! Wanna see the pictures? Tell ya what...we'll take a road trip to the University of Pittburgh - take pics with you in front of the Cathedral of Learning - and you can tell everyone you attending school there!
Sorry this is not totally OT since it was related to TO and the people of Philly.
mike
The worst thing, those who have gone to those lengths will brag about 'you think YOU are a big fan? I took out a third mortgage on my house. I AM the biggest fan!'
Does a movie 'star' really need to make $20 million for 8 weeks of work? Is it any doubt that as American society degenerates into a celebrity worshipping cesspool, entertainers make more and more and broaden the gap between the normal American and them?
Look at even the D-list celebrities (nancy griffith has a tv show? the surreal life recycling celebrities who never had talent in the first place? jessica simpson who looks good in a bikini is making millions? Paris Hilton who's only claim to fame is being born into billions and has no discernible talent other than looking retarded with her little dog has a tv show? And these people are literally worshipped by Americans.
You never hear about these vapid, overpaid, and undertalented celebrities enriching the lives of those around them.
Sad, how our values in this country have become so skewed.
Ax
Didn't you say a few weeks ago that the amount of people going to the movies is down? I heard that on ET last week.
Brian
I have come to the conclusion about the money and sports: Never has so much gone to so few!
And their sense of entitlement grows by the nanosecond!
I was thinking how important it would be for people to just say no - but people don't care since they only go to a baseball game once a year with the family. The season ticks attracts a different type of person - many corporates buy up boxes of 4 and 8 seats and give them out to employees/clients etc.
My understanding is that the entire infield on first and third at Yankee stad. and Shea are sold out to corps and guys with lots of money.
Now FB seems to be a different animal - since it's only 16 games - a season tick is expensive but each year you sell a kidney and....LOL
Basketball is off the chart - I have friends with courtside seats and others with good seats around the court - some seats here in SA stink! You can pay 70$ to see nothing! The view is far better at home.
And the cost of food? At SBC, the best buy is a Whataburger at 2X the normal rate - a hot dog at 3.50 is highway robbery!!
well - this is a start
I don't mean to offend any die hard who goes to games and spends the rent - I have just realized that the prices have gone up too fast! As was said.
I remember in school paying 1.50 for the bleachers at Yankee stadium.
mike
Mike
wouldnt that have to do with all the big screens they sell every day now? i have a 61" sony so its very rare i goto the movies, i usually wait till they come out on video so i can watch it at home instead of being cramped in the movies.
i went and saw star wars and batman, other then those 2 i cant remember last time ive been.
and about the prices of sports. 1 16 ounce beer at braves stadium! ready for this? 6.25$
I made the argument in a completely different thread that you could attribute it to a couple of things: (a) ticket prices....most theaters charge over $10 for a single ticket (non-matinee price). (b) throw in the ridiculously overpriced food, and you're spending easily $50+. and (c) the viable option of home theater systems and DVD. For a few dollars, you can rent a movie and have a much more enjoyable experience at home with being able to eat and drink anything you want, no whining kids, no cell phones going off. I was told I was nuts for thinking that a DVD and a home theater is a viable replacement.
I also can't help but think the movie industry is suffering because the movies just SUCK that are being made. Drivel like 'Dukes of Hazzard', 'Deuce Bigalow 2' etc. etc. is just mindless and takes no creativity on the filmmaker's behalf. The same reason why reality TV does so well - it appeals to the lowest common denominator and costs next to nothing to make.
Yes, they attributed some of the "down trend" to big screen TV's.
And, as Ax said, they attributed some of it to the high cost of attending along with the really sucky movies they're making right now.
On the high cost of stadium cuisine? There's just a point where I can't do it. I would rather drop my money on a box of cards - at least 24 hrs. later there still a box of cards!
Having said that, I will say that going to the ballgame with your dad is special...something one will remember for a long time! I wish my dad were still alive to take to the game.
Good discussion - sorry it's an OT to Rosenhaus - but, in a way it's related - the high cost of salaries to these overpaid athletes directly translates into higher ticket and food prices!
Like I have said - I love the game, not the players. And, my love will have to be in front of the TV.
Chris
60" TV! I looked at a 60" plasma - a little out of my league right now - but as they keep dropping - I'm looking at buying a 50" next year.
mike
Ax-you're right about LCDs coming down. Read a good article in the NY times last Xmas about that. China is building more plants and LCDs are getting bigger also. They are supposed to drop 30-40% by Xmas '05. LCD will be the way to go as this happens. They last longer and are more serviceable.
I'm looking at digital projection also as this technology gets better and cheaper.
Back to TO. Rosenhaus is contributing to the downfall of fan perception in sports. He seems to think that he'll get salaries comparable to the NBA, where mediocre players get higher salaries. However he is banking on NFL owners to give in, which will not happen. Don't believe all that Rosenhaus says. TO gets 12 million for the first 2 years of his contract, not less than 10 as he claims. If he waited until next year they would renegotiate. His only concern is his cut. There is no personal battle here for him in getting players more money, other than the resentment he has created himself. More money and now defeating NFL owners is his only care.
The policy to not renegotiate after the first year of a long term contract is a good business decision. What could happen here if owners gave in? Besides veterans getting more money, 1 year players would also demand renegotiation. The number of contracts in limbo would increase dramatically.
On the flip side the owners risk a collusion accusation. Can't remember if the NFL has anti-trust protection like MLB. The NFL is smart to keep salaries at a "reasonably ridiculous" level. Also, NFL team ownership is profitable for the most part while other leagues struggle. Why? The NFL has made good decisions in the past.
What worries me is the Patriots recent renegotiation of Richard Seymour. They had led the charge and proof that the policy is solid and teams can be successful with it. For some reason they changed. Word is that they were scared after losing coordinators and defensive players, and wanted that to end.
The Eagles will not give TO more money in total. They may bring back end money to the front but I think after TO's behavior they will wait him out and not be willing to offer this quickly. They'll wait until just before the season begins.
As for the price of tickets I own half of two Eagles club seats. Not only do I use them but also sell the tickets for games that I can't attend. I see it as a good investment and may add more in the future. If I recover my money and cover plane fare and the price of games I attend then it's worth it for me.
The cost is significant but worth it for me. The talk about 2nd and 3rd mortgages is ambiguous these days. It could mean tens of thousands down to a thousand or two on a home equity line of credit.
secondly, drew gets nothing from owens right now, the contract Owens is playing under gets paid to the agent that negotiated the contract, all 3% of the total contracts worth. Drew sees nothing, I personally feel they are killing themselves, what large company would want Owens being the spokesman for their product after this tirade? Owens is destroying his marketing ability, and Drew is cutting off his nose to spite his face.
Have you seen the polls on espn, fox sports, cbs sports? TO gets less than 8% in the "do you think TO is right" or "Which side do you agree with" category. If we rewarded every single athlete that had a great year by redoing the contract it would destroy sports. Should Brady Anderson who hit 50 homeruns one year have been paid like Arod? I think not.
My point is, TO had a great year, ONE great year with the EAGLES, not 2 not 3 not 4..His current Contract pays him 9 million this year not 1 million like someone stated on the boards, YES 9 MILLION this year. (please see the espn website, philly daily news, and all other philly papers)
Drew be a smart agent, get your client to shape up, fix his image, get him some marketing dollars, ( which you can collect fees for) and you will get the new contract next year if the eagles dont dump TO then. Either way, Drew is doing what TO wants rather than whats better for TO.
As far as the eagles redoing the contract, like I said earlier, it won't happen before they sign Westbrook to the long-term deal, and quoting Joe Banner "Brian Westbrooks contract is the number one priority right now".
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I agree with all your points but this one is incorrect. TO is slated to get about 3.5 million this season - that's why he is upset. He will be getting around 8 million next season but it isn't guaranteed - that's another reason he is upset. He wants the money now because if he's permanently injured this season, he'll still get the 3.5 million for this season and that's it. But that's life in the NFL - very risky - but Owens knows that and he signed the contract so he can take it or leave it.
"Putting ones entire financial stability and future at risk for a bowl game? That's quite interesting."
Not my bag either, although the people who bought Exquisite this year can probably relate.
His BASE SALARY is 3.5 million, he has clauses in his contract that total 6 million more, he gets a 2.5 million roster bonus this year, he gets another 3 million for playing incentives that are so low a 2nd stringer could make them.
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Owens' contract doesn't set him apart
By Bob Brookover
Inquirer Staff Writer
"I'm not trying to break the bank. Just give me what I deserve."- Eagles receiver Terrell Owens
"It was certainly substandard." - Agent Drew Rosenhaus on Owens' existing contract
Unless you've been abducted by aliens, holed up in a monastery, or are boycotting news about underpaid wide receivers looking out for the well-being of their families, you've heard that Terrell Owens isn't happy with the seven-year contract he signed with the Eagles before last season.
Over the last 10 weeks, Owens and his agent Drew Rosenhaus have made national television appearances trying - sometimes tearfully - to persuade the public that the star receiver was denied proper market value in March 2004 because he never hit the free-agent market.
That may be true.
"As long as there are two or more committed bidders, an unrestricted free agent is going to make more money," agent Leigh Steinberg said. "It's simply human nature. Nothing else explains the nature of some of the contracts that get signed."
So how does Owens' contract compare to the NFL's other top receivers under Steinberg's signing bonus/three-year value guidelines? In one word, favorably.
Before getting into the numbers, however, it should be noted that Owens made loud public declarations that he had a burning desire to join the Eagles and catch passes from quarterback Donovan McNabb. Owens probably would have become a free agent if he had let the NFL's special master rule on a grievance filed by the players' union last year.
Instead, he signed a seven-year deal with the Eagles worth slightly less than $49 million and happily accepted a trade from the Baltimore Ravens. The deal included just under $9.2 million in guaranteed money and is worth just a little less than $7 million annually over the first three years.
"That's the exact criteria I use when I'm evaluating a contract," Steinberg said. "I tell my veteran players to focus on the signing bonus and the first three years of the deal. The signing bonus is No. 1 because in a world of non-guaranteed contracts and a brutal contact sport, the only guaranteed money is the signing bonus.
"After that, the first three years' salary is the second criteria because a high-value player is likely to retain the first three years of his contract. The total value of the deal is just an illusion because the numbers are so inflated on the back end that the player will either have to renegotiate the deal or he'll be cut."
According to contract figures obtained by The Inquirer, the average annual value of Owens' deal over the first three seasons is just under $7 million. Only Randy Moss and Marvin Harrison received better deals during the first three seasons.
Moss signed an eight-year deal worth $75 million with the Minnesota Vikings in 2001. The deal included an $18 million signing bonus, which remains by far the highest for a wide receiver in NFL history.
At the time, Moss was just 24 and had compiled 4,163 receiving yards and 43 touchdown catches in his first three NFL seasons. Now with the Oakland Raiders, he averaged $9 million over the first three years of the contract.
The only other receiver with a better annual average salary over the first three seasons of a contract is Harrison, the Roman Catholic graduate who signed an eight-year, $72.5 million contract last season with the Indianapolis Colts.
Harrison's deal included a $6 million signing bonus, a $7 million roster bonus that he'll receive this season, and a $10 million roster bonus due in 2006. If he cashes next year's bonus, his deal would be worth an average of $10.2 million over the first three seasons.
But there's no guarantee that the Colts won't deny Harrison his $10 million bonus if his production falls in 2005.
Rosenhaus, who declined to comment for this article, said last week that he'd gladly accept all the details of the Eagles' contract if the team would guarantee the life of the contract. There has been speculation that Rosenhaus and Owens would be satisfied if the Eagles would simply guarantee the $7.5 million in bonus money Owens is scheduled to receive in 2006.
There also has been speculation that Owens is unhappy because his base salary for 2005 is $3.25 million, although he does have an additional $250,000 in what are deemed "likely-to-be-earned incentives."
Even if he receives $3.5 million next season, it will still be considerably less than he was paid last season, when he caught 77 passes for 1,200 yards and a franchise-record 14 touchdowns in just 14 games.
Many NFL contracts are structured the same way. Denver receiver Rod Smith received $667,900 in the second year of his contract. St. Louis' Torry Holt, who has more receiving yards than any player in the NFL over the last five seasons, received $536,400 in salary last season.
Holt, two years younger than the 31-year-old Owens, signed a seven-year, $42 million deal with the Rams in 2003. That deal included a $12.5 million signing bonus and is worth an average of $5.4 million over the first three years.
Though Rosenhaus and Owens have never said exactly what they desire from the Eagles, one league source speculated that the Eagles' star receiver wants to be paid like the top quarterbacks in the league.
It's hard to make that argument. He accounted for just over 21 percent of the Eagles' offensive yardage and 28 percent of their points. Those are outstanding numbers, but his teammate Brian Westbrook, playing one fewer game, accounted for 320 more yards and just five fewer touchdowns than Owens.
"The Eagles can't negotiate with him," one league source said. "They have no choice. If they set the precedent of dealing with a guy one year after he signed a deal, they'd open things up for every player they have."
It would appear as if Owens' only option is to play for the Eagles or sit out the season and forfeit his salary. Should Owens choose the latter option, he'd still be under his 2005 contract with the Eagles if he returned in 2006.
"The contract is tolled," Steinberg said. "It wouldn't matter if he came back in 2010, he'd still be under contract for 2005."
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Contact staff writer Bob Brookover at 215-854-2577 or bbrookover@phillynews.com.
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T.O. Contract Comparison
By Bob Brookover
Here's a look at how the contract of Eagles wide receiver Terrell Owens compares to the nine other NFL receivers who rank in the top 10 in total receiving yardage since the 2000 season.
Randy Moss, Oakland (a)
Year signed: 2001
Total years and value: 8 years, $75 million
Guaranteed money: $18 million
Other bonuses: $1.4 million over the life of the contract
Average annual value, first 3 years: $9 million
Marvin Harrison, Indianapolis
Year signed: 2004
Total years and value: 8 years, $72.5 million
Guaranteed money: $23 million
Roster bonuses: $7 million due in 2005, $10 million due in 2006.
Average value, first 3 years: $10.2 million.
Terrell Owens, Eagles
Year signed: 2004
Total years and value: 7 years, $49 million
Guaranteed money: $9.2 million.
Roster bonuses: $7.5 million due in 2006
Average value, first 3 years: $7 million.
Jimmy Smith, Jacksonville
Year signed: 2002
Total years and value: 6 years, $28 million
Guaranteed money: $11.9 million
Other bonuses: $2.35 million over the life of the contract
Average value, first 3 years: $6.3 million
Eric Moulds, Buffalo (b)
Year signed: 2005
Total years and value: 3 years, $18 million
Guaranteed money: $5 million
Other bonuses: not available
Average value first 3 years: $6 million
Joe Horn, New Orleans
Year signed: 2004
Total years and value: 6 years, $41 million
Guaranteed signing bonus: $7 million
Roster bonuses: $11.9 million over the final five years of the deal
Average value, first 3 years: $5.4 million
Torry Holt, St. Louis (c)
Year signed: 2003.
Total years and value: 7 years, $42 million
Guaranteed money: $12.5 million
Other bonuses: $5.5 million over the final five years of the deal
Average value, first 3 years: $5.4 million
Rod Smith, Denver
Year signed: 2002
Total years and value: 7 years, $40 million
Guaranteed money: $11 million
Roster bonuses: $3.3 million over life of the deal.
Average value, first 3 years: $5.1 million.
Derrick Mason, Baltimore
Year signed: 2005
Total years and value: 5 years, $20 million
Guaranteed money: $8 million
Other bonuses: none
Average value, first 3 years: $4.7 million
Isaac Bruce, St. Louis
Year signed: 2000
Total years and value: 7 years, $41.5 million
Guaranteed money: $2.9 million
Other bonuses: $5.5 million over the final five years of the deal
Average value first 3 years: $3.5 million
a-deal was signed with Minnesota and restructured this off-season with Oakland.
b-deal reworked in 2005.
c-deal restructured in 2005.
SOURCE: NFLPA
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Comparing the Receivers
The NFL's top 10 receivers in terms of overall yardage over the last five seasons:
Player Current team Games Rec. Yards TDs
Torry Holt St. Louis 80 465 7,368 39
Marvin Harrison Indianapolis 79 534 7,044 65
Terrell Owens Eagles 73 447 6,465 65
Randy Moss Oakland 77 425 6,416 62
Joe Horn New Orleans 79 437 6,289 45
Rod Smith Denver 78 455 5,961 34
Isaac Bruce St. Louis 79 388 5,925 33
Jimmy Smith Jacksonville 75 411 5,590 33
Derrick Mason Baltimore 77 406 5,506 34
Eric Moulds Buffalo 77 413 5,345 26
The reality is that teams do not want to deal with TO despite his talent. Kind of like the girl who is a "10" but has a drug problem and 3 kids by 4 different marriages - it ain't worth the headaches.
The real piece of garabge is that TO and Drew are lying about several key pieces they have put out in the media:
1.) TO is not even one of the top 10 paid receivers in the league. WRONG. He is #3 no matter how you slice it. The fact is that Rosenhaus knows these deals are front loaded, and the only way he gets more $$ is for a new deal since he was not the agent when it was signed.
2.) TO signed a secret waiver to play in the Super Bowl with the Eagles - WRONG again. He might have signed one with the doctor who cleared him not with the Eagles, but he does not have one signed by the Eagles. My proof - where is this document that would clearly show him right and move some public sentiment towards his side? Plus the fact several people have reported there is no document and that was just a smoke screen.
The final thing I have a problem with is when TO states " I risked my life to play in the Super Bowl!" BS you did. You made a decision to play for yourself to try and get a ring, and you were never in danger of dying. You want people who are in danger of dying? Go ask the men and women in the US military who make $32K a year protecting your butt - they are the real heroes.
"
" Go ahead and get your fancy barely visible cell phones that get the internet, play DVD's, and can speak 5 languages. As for me and my Atari cell phone it works, it weighs 7 pounds, it is 14 inches long, and it looks like I could call in an airstrike from a remote desert it is so large!"