PDA

View Full Version : Money Matters: Big Ben, Big Bank



BBG7
11-01-2007, 12:07 PM
Money Matters: Big Ben, Big Bank
By Ian Whetstone
SteelCityInsider.com
Posted Oct 31, 2007
Along with the attention, accolades, and grief associated with the position comes buckets of cash. And as each Steelers victory casts his 2006 season more firmly as an aberration, Ben Roethlisberger creeps closer to his turn at the ATM machine.
Roethlisberger will have earned a total of about $18 million over his first four professional seasons. That's a bargain rate for any starting quarterback, let alone one who delivers the best rookie season at the position ever witnessed, and follows that up with a championship in his second year. Rookie contracts don't last forever, though, and with Roethlisberger slated to consume around $17 million in cap dollars over the next two years, next off-season presents the likely target for a long-term extension.

Market value for a top ten quarterback currently ranges between $10 million and $14 million per year. Peyton Manning set the bar in 2004 when he signed his seven-year, $98 million deal with a $34.5 million signing bonus, and a whopping $45.7 million paid out over the first three years. Tom Brady brought the market back down to earth when he accepted a six-year, $57.9 million deal a year later with $26.5 million in guaranteed bonuses and a $37.8 million three-year payout. Cincinnati settled somewhere between the two when they tore up Carson Palmer's rookie deal in favor of a ten-year, $122.5 million pact with $24 million in guaranteed bonuses and $41.75 million over three.

More recently, Drew Brees landed a six-year, $60 million deal on the open market with $30 million paid over the first three years. That deal featured just $8 million in literally-guaranteed money, but his MVP-caliber 2006 season convinced New Orleans to exercise a $12 million option on the five remaining years. Just this past off-season, Marc Bulger signed a six-year extension with the Rams totaling $65.05 million in new money, with $27.5 million in various guarantees and $31 million paid out over three years.

Jerry Jones could have thrown a monkey wrench into any negotiations with Roethlisberger by handing Tony Romo a monster contract, but at $67.5 million over six years, with $30 million guaranteed—most of it guaranteed base salaries—the mid-season accord they reached in Dallas only re-affirmed Bulger's numbers as the going rate. Romo and his agent enjoyed strong negotiating position with Dallas, as he stood poised to enter free agency after this year. The quarterback took a page out of Brady's book, however, and declined to push for maximum dollars.

While Roethlisberger boasts a stronger résumé than Romo, and might be expected to command more money, the Steelers retain a few factors in their favor. First, the Rooneys don't show an affinity for writing checks just to show off their deep pockets, and agents must know that they're not going to land an inflated windfall just because the owners like to make headlines. More than that, two years remaining on Roethlisberger's existing deal make for pretty good leverage. It would take payment of an $8 million bonus after the 2008 season to secure 2009, but that's still less prohibitive than the franchise tag, and less incentive for the player to ride things out to the open market.

It's probably going to take about the same $11 million a year that Bulger and Romo got to lock up Roethlisberger. Troy Polamalu, currently the team's highest-paid player, makes just 60% of that annual average, so the young signal-caller stands poised to become the richest player in team history by a pretty wide margin. The Steelers have a knack for getting these deals done with fewer guaranteed dollars, but sometimes that results in shorter contracts than other organizations hand out to marquee players. I could envision a five-year, $55 million deal with $19 million in guarantees fitting the bill.

You can count on a few standard practices with the Steelers' bigger contracts. Big bonus money tends to be split over the first two years, rather than paid as a lump-sum signing bonus. The first year will feature a low base salary, but in this case the higher cap value presented by Roethlisberger's existing deal for 2008—around $7 million, depending on his performance this season—could prompt them to pay out some of the guarantees as a first-year roster bonus. A $4 million roster bonus combined with an $8 million signing bonus and a $750,000 base salary in 2008 would amount to a first-year cap hit of $7.52 million, factoring in leftover prorations from the rookie deal. That's a very manageable increase, and the Steelers project to have some cap room to spare next year.

Follow that with a guaranteed $7 million option bonus in 2009, and you've got your $19 million in guaranteed bonuses. Pay some combination of roster bonuses and base salaries over the subsequent four years totaling $5.25 million, $8 million, $10 million, and $12 million, and you've hit $55 million over five years, with $25 million paid out over the first two and $33 million over three. Cap hits for the four subsequent years under such a structure would run $9.77 million, $11.35 million, $13.35 million, and $15.35 million.

Roethlisberger won't come cheaply, any way they slice it, but a shrewd organization like the Steelers must surely recognize the value of the position and the quality of the player, and find a number that works for all parties. For a team committed to building through the draft—and no organization in football adheres to that philosophy more

http://pit.scout.com/2/696649.html

It should be interesting to see what the Steelers do.

GoBenGo
11-01-2007, 12:38 PM
No Brainer.Sign him.He is the future.
When he goes into the HOF I want him to be a Steeler. QB's don't just spring up here with the tide:
:hail:Terry Bradshaw 1970-1983:hail::redcrown: ( legendary,The last great steeler qb)
Cliff Stoudt 1977-1983 :sleepy: Mark Malone 1980-1987 :smh2:
Scott Campbell 1984-1986 :duh:
Bubby Brister 1986-1992:moon:
Steve Bono 1987-1988:sleepy:

Todd Blackledge 1988-1989:duh:
:barf:Neil O'Donnell 1990-1995:bigfinger:
Rick Strom 1989-1993:thud:
Jim Miller 1994-1996:bonk:
Kordell Stewart 1995-2002:cryrun::gpower:
Mike Quinn 1997:lolsign:
Mike Tomczak 1993-1999:scratch:
Pete Gonzalez 1998-99:wtf:
Anthony Wright 1999 :cya:
Kent Graham 2000:doh1:
Tommy Maddox 2001-2004:smh:
Charlie Batch 2002-2004 :respect:
Brian St. Pierre 2003-2004:rofl:
:hail:Ben Roethlisberger 2004-current
just sign him :pray:

floodcitygirl
11-01-2007, 12:41 PM
They came thru for Troy (although I know that some here disagree that was a good move). I believe they'll come thru for Ben as well.

AZ_Steeler
11-01-2007, 12:44 PM
Romo put a damper on things... Ben is far more established than Romo and now he's getting a guaranteed 31 mil, so Ben is probably expecting to exceed that number.

TampaSteelGirl
11-01-2007, 02:26 PM
Romo put a damper on things... Ben is far more established than Romo and now he's getting a guaranteed 31 mil, so Ben is probably expecting to exceed that number.

I think Ben knows the Rooneys ethics and how they feel about money. I do think they will pay good for him but I don't think for some reason Ben would ask for the ridiculous. I could be wrong. They better pay the man though. He is the future of Pittsburgh, we have a jem here just like Troy. :tt02:

BlitzburghRockCity
11-01-2007, 02:38 PM
Troy is on the same level and IMO another level than his counterpart in Baltimore and the Steelers came through for him so Im betting they will find a way to get this deal done when it's time. There is no doubt in my mind that Ben will be the highest paid player in Steelers history, hands down, when this deal gets done. The franchise waited 20 years + to have a franchise QB so they won't let Ben get away.

K Train
11-01-2007, 02:41 PM
lol at :gpower: by kordell

black an gold 4 life
11-01-2007, 04:07 PM
the rooneys won't overpay though, while i like ben he still has some growing 2 do!!! and i hope ben doesn't try 2 break the bank,because he will b outta here,with that being said he will want more money up front ie the signing bonus, the one thing i like about the rooneys is they have been preparing 4 this an don't b surprise if they draft an qb n the second or 3rd round n the draft this coming year,i trust the rooneys an there judgement,we may not agree all the time with there moves but they allways seem 2 work out!!!!

steelcurtaingal
11-01-2007, 04:10 PM
No Brainer.Sign him.He is the future.
When he goes into the HOF I want him to be a Steeler. QB's don't just spring up here with the tide:
:hail:Terry Bradshaw 1970-1983:hail::redcrown: ( legendary,The last great steeler qb)
Cliff Stoudt 1977-1983 :sleepy: Mark Malone 1980-1987 :smh2:
Scott Campbell 1984-1986 :duh:
Bubby Brister 1986-1992:moon:
Steve Bono 1987-1988:sleepy:

Todd Blackledge 1988-1989:duh:
:barf:Neil O'Donnell 1990-1995:bigfinger:
Rick Strom 1989-1993:thud:
Jim Miller 1994-1996:bonk:
Kordell Stewart 1995-2002:cryrun::gpower:
Mike Quinn 1997:lolsign:
Mike Tomczak 1993-1999:scratch:
Pete Gonzalez 1998-99:wtf:
Anthony Wright 1999 :cya:
Kent Graham 2000:doh1:
Tommy Maddox 2001-2004:smh:
Charlie Batch 2002-2004 :respect:
Brian St. Pierre 2003-2004:rofl:
:hail:Ben Roethlisberger 2004-current
just sign him :pray:

lol, i like that. its true though, hes money.. so keep him. but the rooneys are not big on overpaying, so we will see what happens

BBG7
11-01-2007, 04:17 PM
the rooneys won't overpay though, while i like ben he still has some growing 2 do!!! and i hope ben doesn't try 2 break the bank,because he will b outta here,with that being said he will want more money up front ie the signing bonus, the one thing i like about the rooneys is they have been preparing 4 this an don't b surprise if they draft an qb n the second or 3rd round n the draft this coming year,i trust the rooneys an there judgement,we may not agree all the time with there moves but they allways seem 2 work out!!!!

They didn't draft Ben to watch him grow and then send him on his way. I think the Rooney's have been preparing for this, which is one reason they let Porter go, haven't signed Faneca...etc. Ben will want more money, and rightfully so, but I think he will be reasonable, as will the Rooney's.

BlitzburghRockCity
11-01-2007, 08:21 PM
I agree BBG7, they are getting as many people under contract as they can and making smart decisions with saving money so when Ben's day comes they will have as much money as possible to barter with. He won't get a 100 million dollar deal or anything and he wouldn't ask for one either but the dude is money for us and there is no way we'd have gotten to the SB or have had this much success this year without Ben leading us.

Hawk Believer
11-01-2007, 08:52 PM
I think you guys should save the money he'll be demanding and try to pick up Testaverde at the end of this season.

K Train
11-01-2007, 09:02 PM
either way....we'd still beat you guys

Hawk Believer
11-01-2007, 09:07 PM
either way....we'd still beat you guys

Touche. :lol::cursin: Given recent history, there isn't a whole lot of evidence to provide a reasoned contrarian response. All we can do is wait till next year and hope the Hawks defend their honor well when your boys make the trip to Qwest Field...:crossfingers:

Stlrs4Life
11-01-2007, 11:41 PM
Romo put a damper on things... Ben is far more established than Romo and now he's getting a guaranteed 31 mil, so Ben is probably expecting to exceed that number.


For sure. I'm just wondering who we will have to cut, or are going to lose besides Faneca to be able to sign him.

K Train
11-01-2007, 11:46 PM
were in pretty good shape to sign him long term wihtout porter and faneca

BBG7
11-01-2007, 11:48 PM
were in pretty good shape to sign him long term wihtout porter and faneca

I hope your right!

Forged in Steel
11-02-2007, 12:08 AM
No Brainer.Sign him.He is the future.
When he goes into the HOF I want him to be a Steeler. QB's don't just spring up here with the tide:
:hail:Terry Bradshaw 1970-1983:hail::redcrown: ( legendary,The last great steeler qb)
Cliff Stoudt 1977-1983 :sleepy: Mark Malone 1980-1987 :smh2:
Scott Campbell 1984-1986 :duh:
Bubby Brister 1986-1992:moon:
Steve Bono 1987-1988:sleepy:

Todd Blackledge 1988-1989:duh:
:barf:Neil O'Donnell 1990-1995:bigfinger:
Rick Strom 1989-1993:thud:
Jim Miller 1994-1996:bonk:
Kordell Stewart 1995-2002:cryrun::gpower:
Mike Quinn 1997:lolsign:
Mike Tomczak 1993-1999:scratch:
Pete Gonzalez 1998-99:wtf:
Anthony Wright 1999 :cya:
Kent Graham 2000:doh1:
Tommy Maddox 2001-2004:smh:
Charlie Batch 2002-2004 :respect:
Brian St. Pierre 2003-2004:rofl:
:hail:Ben Roethlisberger 2004-current
just sign him :pray:

Kent Graham, LOL!

SteelerSteve
11-02-2007, 03:18 AM
Dear Lord I hope we sign him soooooo bad, I would be absolutley crushed if they did not sign him. Ben is my favorite player....EVER!!! I am confident that they will, but I do know I could never see him in another uniform and I am not joking when I say that I would probably cry if he wasn't resigned. Ben is the man and it would be the worst move we could possibly make. The way I see it is that the rooneys are great owners and they may be cheap, but in troys case they proved that they can make the right choice and sign the guys that are the core of the team, and that they will make the right decision and sign this physical freak of a qb

steelersgal86
11-02-2007, 07:11 AM
They didn't draft Ben to watch him grow and then send him on his way. I think the Rooney's have been preparing for this, which is one reason they let Porter go, haven't signed Faneca...etc. Ben will want more money, and rightfully so, but I think he will be reasonable, as will the Rooney's.

:iagree: :crossfingers::crossfingers:

BlitzburghRockCity
11-02-2007, 07:37 AM
Im glad we locked Ben up for as long as we did for his initial contract, it's really allowed us to see him grow and affirm even more that last year was a fluke because of all the things that happened to him and that he is indeed the future of this team.

ARKIESTEEL
11-02-2007, 07:57 AM
I realy hope this does not break down next year into some kind of long hold out and all that jazz..........I hate that crap:nono::cursin:

NOVA STEELERS
11-02-2007, 09:01 AM
That was the most hilarious post I have read in along time......... Loved all the emoticons next to our former signal callers, Great Work!!!!! and GO STEELERS

Prosdo
11-02-2007, 12:04 PM
They'll sign Ben and I agree highest paid Steeler ever. I really don't want to go back to the days of guys like Kent Graham and Kordell Stewart.

SJNez46
11-02-2007, 07:42 PM
I think they have to sign them. Even though he had an off year last year, he is still yong and has had a great career so far. Bring him back!!