According to Wednesday’s reports, the New England Patriots have reconciled with the starter center Cole Strange, the team’s first-round draft. If those statements are true, Pittsburgh Steelers quarterback Kenny Pickett would be the only unsigned first-round driver in this year’s draft class. So what’s wrong with Pickett’s contract? Let’s dive into it.
#Patriots First round selection OL Cole Strange will sign a contract with the team today, the source said.
– Adam Caplan (@caplannfl) June 22, 2022
First, these newcomer contracts are all at intervals, so accepting Pickett doesn’t mean he wants more money. Pickett’s four-year newcomer contract should have a total value of $ 14,067,904 and a sign-up bonus of $ 7,411,203. In addition, Pickett’s full contract is fully guaranteed. There is no question about that.
So could compensation language be a problem? What are compensations?
Offsetting is essentially insurance for the money guaranteed to the team if they need to cut a player before his newcomer expires. In principle, if compensation is used in contracts, a player who is terminated before the end of his four-year contract will have the remaining guaranteed money reduced by the amount he earns with the next team he contracts with if he were to contract with another team. Without a shift language, a player could essentially double through his old and new team.
Compensation will now typically become a major trading point during the first 10 choices of the NFL draft. I think in the case of Pickett, his agent may want Pickett’s shift language to be treated like the first quarterback in previous drafts, which usually happens with the first 10 choices, rather than the 20th general. Aside from my speculation, Joel Corry, a former NFL agent who writes for CBS Sports, told me earlier today that if Pickett is unwavering in his compensatory languages as part of his four-year contract, he will most likely end regular season games. he does not believe the Steelers’ negotiations in this regard will shift. Corry told me, however, that he doubted the problem was set-off.
So if Pickett’s problem isn’t in the total amount and in the guaranteed money, and it’s not a language of set-off, then what can it be? In principle, the remaining focus is likely to be the payment period for the Pickett Sign-up Bonus. Corry spoke several weeks ago about signing a payout structure for draft players in his podcast.
“Another big problem has been paying the signing fee,” Corry said. “And historically, you’ve seen bonuses for contract projects and larger deals that are paid in two to four installments. They’re not paid as a one-off.
“This is a new practice that we are starting to see. Last year, the first three lovers received lump sum bonuses for their contract: Trevor Lawrence, Zach Wilson, Trey Lance. In 2020, the first two lovers received their contract bonuses as a lump sum: Joe Burrow, Chase Young: Nick Bosa received a one-time contract bonus in 2019. Sam Darnold received a one-time contract bonus in 2018. So this is a big problem that we see among voters in the first round of the draft this year.
Well, Pickett isn’t the first round choice, right? While this is certainly true, the fact that Pickett was the first defender this year could put strong pressure on his side to pay the signing bonus in full within 15 days of signing the contract. By the way, Pickett’s agent is Brian Ayrault, and he also represents Burrow and Wilson, who both received lump sum bonuses after starting a contract. That is a credible reason for the suspension. Obviously, the agent wants his client to receive his money as soon as possible. On the other hand, the team would probably like to try to extend the payment deadline as long as possible.
At least it’s a good bet that Ayrault wants Pickett’s bonus to be paid in full by the beginning of the 2023 league year in March. But again, this is my speculation.
Now that the offsets have passed and the timing of the bonus payment has been signed, is there anything else that is likely to be negotiated about Pickett’s newcomer deal? This is possible and may be related to the second and third year list premiums.
The player drafted before Pickett this year has New Orleans Saints against Trevor Penning, and the player named immediately after Pickett, Kansas City Chiefs corner defender Trent McDuffie, is said to have second and third year bonuses as part of both contracts. basic salary. To the best of my knowledge, these list bonuses are paid each year at the beginning of the training camp. This year, the bonuses for the second and third year lists of players selected in the first round appear to have started with the Tennessee Titans’ extensive Treylon Burks, which is ranked 18th overall. It is entirely possible that a Pickett’s agent may require that list bonuses be paid within a few days of the start of each league year, rather than at the start of a training camp. After all, an agent wants his player to get the money as soon as possible, right?
As Mike Florio wrote of Pro Football Talk a few years ago, the bonuses of the training camp list have become an alternative to removing the offset language from the player’s guaranteed money at the top of the draft. However, multi-player contracts have a language that allows them to avoid paying premiums on the list if they are on the NFI (non-football injury) list. Maybe a Pickett agent is trying to trade over these expected list surcharges so that his client doesn’t lose the NFI list? Again, this is my speculation, but it is worth considering.
Finally, and after a brief conversation with Corry, I think Pickett’s detention may indeed be related to the time it takes to pay the signing bonus. Basically, my updated theory is now that Ayrault wants Pickett to be treated contractually like the first defender of the draft, not the non-quarterback who is generally in the draft 20.
So how much longer are we waiting for Pickett to sign? I wish I had an answer to that question. Steelers will likely continue to play hard against Ayrault and wait until he cavers. If Pickett were closer to being in the top 10, that might not be the case. If Steelers made unusual concessions to Pickett this year, it could be used in the negotiations against them in the years to come, and especially next time they could choose to finish 20th overall in the first round.
It’s only June 22, and that means we have more than a month before the Steelers have to report to Latrobe by the start of their 2022 training camp. That’s why I’m surprised Pickett is still unsigned by then. In the meantime, however, we can wait a little longer for Pickett to sign his newcomer contract, and that could end up being the last member of the 2022 draft class. We’ll see.
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