Tuesday, August 7, 2012

Jacksonville Jaguars sign Justin Blackmon

A day after I put out a podcast saying that Blackmon needed to sign and get into camp, he did just that.  The Jaguars have finally signed their 1st round draft pick and 5th overall pick of the 2012 draft, he was the last person in the draft unsigned.  According to Andrew Brandt it looks like the Jaguars tired to play hardball with Blackmon by offering no signing bonus and no guaranteed money at first.  In the end thought Blackmon gets paid like the 5th overall pick would normanlly and with no offset language.  What the Jaguars were able to do is spread out Blackmon's signing bonus.  The following is a breakdown of how his contract breaks down (this is from espn.com)
According to league sources close to the negotiation, here are the key components of Blackmon’s contract:

He will receive only 60 percent of the slotted $11.9 million bonus -- an amount of $7.11 million -- as signing bonus, with the balance coming as follows:

2013: March roster bonus of $700,000, followed by a guaranteed roster bonus of $1 million five days before the start of training camp. Thus, after one year, Blackmon will have received 75 percent of the slotted signing bonus.

2014: Guaranteed roster bonus of $1.7 million five days before the start of training camp.

2015: Guaranteed roster bonus of $1.39 million five days before the start of training camp.

And Blackmon will receive the following guaranteed salaries:

2012: $390,000
2013: $1.23 million
2014: $2.07 million
2015: $2.91 million

Despite their initial position, every bit of the $18.5 million in the contract is guaranteed; it just comes in different waves over time.

Blackmon’s contract has the same language as other first-round picks, where suspensions would void future salary guarantees, but doesn't have different or special language in his deal based on his DUI transgression.

Now under NFL rules it will take four day before Blackmon can fully be a part of camp, which means I don't think he can play in the first pre-season game. It took longer than I had hoped but at least he's in camp now and hopefully he can get caught up quickly. Now we need MJD.

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