Friday, July 25, 2008

Details on Gholston's Contract are in

Vernon Gholston is signed, sealed, and delivered to Hofstra. Five years, $50 million with a $21 million guaranteed signing bonus. He's the first draft pick between 5 and 10 to sign, and he's the fifth rookie to get $20 million guaranteed. Rich Cimini believes that the deal is likely closer to $40 million total "without the bells and whistles," and I have to agree. No contract is ever exactly how it looks, and rookie contracts can get pretty crazy.

Look at Darrelle Revis last year. He signed a six year deal, but the last two years have been voided based on incentives reached in his first two years. The Jets can buy back those last two years at $5M and $9M per year. Teams want to pay the rookies the money they want while protecting themselves in case their investments don't pay off. I'm curious to what clauses are in Gholston's contract.


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