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  1. #21
    Warp's Avatar
    Warp is offline Asst. Coach
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    Re: Bush Signs 6-year Deal With Saints

    "Mr Anderson" wrote:
    Not to break balls or anything, well, kind of. Technically you can not hold out if you're not under contract. :lol: :tongue:
    Why not? He was still holding out for more money than the contract the Saints were offering and willing to miss training camp to. So to me thats holding out. Just my opinion though, dont mean any disrespect by it.

  2. #22
    Benet's Avatar
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    Re: Bush Signs 6-year Deal With Saints

    Latest word according to Peter King and PFT is that Reggie got $26.2 million to sign, and a deal with $51 million base value.

    Comparing that to Mario William's deal, that's not too bad for a #2 pick.

  3. #23
    Prophet Guest

    Re: Bush Signs 6-year Deal With Saints

    POSTED 8:36 p.m. EDT; UPDATED 11:59 p.m. EDT, July 30, 2006
    BUSH GETS $26.2 MILLION GUARANTEED
    pft.com

    Peter King of SI.com reports that Saints running back Reggie Bush will receive $26.2 million in guaranteed money as part of his six-year deal. This trails the package of guaranteed money paid to No. 1 pick Mario Williams by only $300,000.

    Put another way, however, agent Joel Segal's foot-dragging during April negotiations with the Texans likely cost Bush $300,000 in guaranteed money.

    The contract between Bush and the Saints, per King, has an estimated value of $51 million. It's not presently clear whether that's the base value or the maximum value. Our guess, however, is that $51 million is the base value, given that the base value of Williams' contract is $54 million.

    The key is the maximum value -- and the specific things that Bush will have to do to get there. Once all of the numbers are in, we'll look at the base values and the maximum values, with a specific focus on what each player in the top five or six has to do in order to unlock what's known as the "superstar" package of incentives.

  4. #24
    Prophet Guest

    Re: Bush Signs 6-year Deal With Saints

    POSTED 7:16 a.m. EDT, July 31, 2006

    THE TOTAL COST OF NOT BEING NO. 1
    pft.com

    Now that Saints running back Reggie Bush has signed a contract, it's time to take a look-see at the total consequences of the events that resulted in Bush not being the first overall pick in the draft.

    For present purposes, how he ended up at No. 2 isn't relevant. Some league insiders believe that it was a combination of factors. As we've previously reported, the Texans were turned off by the perception that Bush wasn't being honest with them regarding the news that broke less than a week before the draft as to the potential involvement of Bush's family with a San Diego sports agency that wanted to represent him. (It likewise didn't help that, as we've previously heard, Bush dragged his feet in returning calls from the Texans regarding the situation.) But there's also a sense that, if agent Joel Segal had been willing to do a deal, the Texans still might have pulled the trigger, and that the inability to sign Bush served as confirmation of the concerns that the team developed based on the alleged free rent and alleged cash payments received by Bush and/or his family while he was still eligible to play college football.

    So Bush doesn't get picked by the Texans, a franchise playing in a state with no income tax. Instead, he's drafted by the Saints, where the total state and local taxes will chew up a whopping NINE PERCENT of his gross income.

    The impact? On the surface, Bush got $300,000 less in guaranteed money than No. 1 pick Mario Williams. After factoring in the state and local taxes, the difference is more like $2.658 million.

    $2.658 million!

    And if the base package is $51 million over six years, the difference between the Williams deal and the Bush deal isn't $3 million. It's $7.59 million.

    Because Tennessee likewise doesn't have an income tax on salary or wages, Bush's in-pocket money also is less than that received by Titans quarterback Vince Young, the No. 3 overall pick.

    Young gets $25.74 million in guaranteed money. After state and local taxes, Bush comes out $1.898 million behind Young on that aspect of the deal.

    Although several readers have suggested that Bush might not be smart enough to realize the extent to which he's gotten the short end of the stick based on the application of state and local tax laws, we have a feeling that he "gets it." Exhibit A? That witty sound bite he offered up upon arriving at the scouting combine in February.

    "No state tax."

    Beyond the money issue, Bush lost out on the prestige of being the first overall pick, and he'll be living in a city that is slowly (emphasis on ssssslowly) rebuilding from one of the worst natural disasters in American history.

    Also, Bush is paying agent Joel Segal for a slotted deal that pretty much anyone with half a brain and NFLPA certification could have done (that now excludes Carl Poston on both counts). Ben Dogra and Major Adams did Segal's work by negotiating the contracts for the No. 1 and No.3 picks; once Young was signed all Segal needed to do was get a copy of both contracts and work out something in the middle.

    Of course, if Segal gets fired by Bush now, it really doesn't matter much; Segal still gets his fee unless and until the deal is re-done.

    Even if Segal agreed to take a fee of only one percent, that's $262,000 on the guaranteed money for three months of foot-dragging and two days of "work."

    ===========================


    page2

    ===========================

    Saints await arrival of 'Baby Matrix'
    July 30, 2006, 5:17PM
    By BRETT MARTEL AP Sports Writer

  5. #25
    Prophet Guest

    Re: Bush Signs 6-year Deal With Saints

    POSTED 7:55 p.m. EDT, July 31, 2006
    MORE ON BUSH AND THE STATE TAX LAWS
    pft.com

    Kudos to several readers who have reminded us that the disparity between the take-home pay to be realized by No. 1 overall pick Mario Williams (who plays for a team in a state with no income tax) and No. 2 overall pick Reggie Bush (who doesn't) is somewhat diminished by the fact that players like Williams still must pay state and local taxes for road games in cities and states that impose such charges.

    With that said, guys like Williams don't fork over a straight 50 percent of their income based on road games. Instead, it's based on the base salary that each player will earn.

    So when, in other words, the Texans play a road game in a state that charges state or local taxes, 1/17th of Williams' base salary is subject to the taxes. Based on Mario's 2006 salary of $275,000, that's only $16,000 of taxable income.

    And because so much of the money earned by the rookies drafted at the top of the first round comes in the form of bonuses and other lump sums that aren't technically "salary," the difference between what Williams and Bush will pay in state and local taxes is significant.

    ===============================================

    Loomis was pissed on the radio (NFL on Sirius)! He started out by saying how Reggie "missed" his flight. Actually, Reggie didn't miss his flight, he wasn't there for it. They kept refering to how Reggie "didn't have his bags packed" and won't be to camp now until after a day or two from when the deal was signed.

    Jerry Rice talked for the net three hours about how Reggie should have already been in Jackson waiting for the deal to be done once it got close.

    ===============================================
    KFFL
    Saints | R. Bush arrives in town
    Mon, 31 Jul 2006 19:29:06 -0700

    Larry Holder, of the Biloxi Sun-Herald, reports New Orleans Saints rookie RB Reggie Bush arrived in Jackson, Mississippi Monday evening, July 31. Bush and his marketing agent Mike Ornstein landed in Jackson around 6:30 p.m. "We're here now and that's the most important thing," Bush said outside the airport. Bush and Ornstein pulled up to Millsaps College, the site of Saints training camp, around 7 p.m. Saints head coach Sean Payton plans on throwing Bush into the mix immediately. "You get him to start in the meetings and the practice routine," Payton said. "We're all excited to get all of our players in here and he was the last one, so I think that is important."

  6. #26
    sunny's Avatar
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    Re: Bush Signs 6-year Deal With Saints

    I get a feeling that Bush is setting up for an injury in training camp. He needs new people around him because the ones he has are not doing him justice. They are all blinded by the $ and are bringing him down fast.
    I.B.O.T. #213

  7. #27
    Prophet Guest

    Re: Bush Signs 6-year Deal With Saints

    POSTED 9:22 a.m. EDT, August 2, 2006

    DETAILS ON BUSH DEAL
    pft.com

    We've finally gotten our eyeballs on the financial details of the Reggie Bush deal. Here are the key numbers.

    The amount of guaranteed money in the deal before exercise of a $12.5 million option bonus in 2007 is $20.25 million. After the option is exercised, the amount of guaranteed money is $26.325 million. (In comparison, these same numbers are $21.75 million and $26.5 million, respectively, for the No. 1 overall pick, Texans defensive end Mario Williams.)

    Bush's base package is worth $52.5 million. Williams' base package is worth $54 million.

    The maximum value of Bush's deal is $62.05 million. The maximum value of Williams' deal is $62.1 million.

    It's extremely unlikely that either guy will earn the maximum amount available under their respective deals. The real question, then, is how much of the money above the base value either will realize.

    Much of it is out of their individual control, since there are specific incentives in both contracts based on annual playoff wins.

    As we've previously explained, however, the fact that Williams plays for a team with no state tax means that he'll take home significantly more of the money he'll be earning. We continue to get e-mails regarding specific niceties of the tax laws in this regard, and we've decided not to help cure our readers' insomnia by an ongoing foray into the world of accounting. The bottom line is that much more of Bush's money will go to the government (and not into his piggy bank) by playing for the Saints than it would have if he'd been drafted by the Texans -- and his agent should have taken that into account before refusing to do a pre-draft deal with a team that plays in a tax-free state.

  8. #28
    petrodemos's Avatar
    petrodemos is offline Asst. Coach
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    Re: Bush Signs 6-year Deal With Saints

    "Prophet" wrote:
    POSTED 7:55 p.m. EDT, July 31, 2006
    MORE ON BUSH AND THE STATE TAX LAWS
    pft.com

    Kudos to several readers who have reminded us that the disparity between the take-home pay to be realized by No. 1 overall pick Mario Williams (who plays for a team in a state with no income tax) and No. 2 overall pick Reggie Bush (who doesn't) is somewhat diminished by the fact that players like Williams still must pay state and local taxes for road games in cities and states that impose such charges.

    With that said, guys like Williams don't fork over a straight 50 percent of their income based on road games. Instead, it's based on the base salary that each player will earn.

    So when, in other words, the Texans play a road game in a state that charges state or local taxes, 1/17th of Williams' base salary is subject to the taxes. Based on Mario's 2006 salary of $275,000, that's only $16,000 of taxable income.

    And because so much of the money earned by the rookies drafted at the top of the first round comes in the form of bonuses and other lump sums that aren't technically "salary," the difference between what Williams and Bush will pay in state and local taxes is significant.

    ===============================================

    Loomis was pissed on the radio (NFL on Sirius)! He started out by saying how Reggie "missed" his flight. Actually, Reggie didn't miss his flight, he wasn't there for it. They kept refering to how Reggie "didn't have his bags packed" and won't be to camp now until after a day or two from when the deal was signed.

    Jerry Rice talked for the net three hours about how Reggie should have already been in Jackson waiting for the deal to be done once it got close.

    ===============================================
    KFFL
    Saints | R. Bush arrives in town
    Mon, 31 Jul 2006 19:29:06 -0700

    Larry Holder, of the Biloxi Sun-Herald, reports New Orleans Saints rookie RB Reggie Bush arrived in Jackson, Mississippi Monday evening, July 31. Bush and his marketing agent Mike Ornstein landed in Jackson around 6:30 p.m. "We're here now and that's the most important thing," Bush said outside the airport. Bush and Ornstein pulled up to Millsaps College, the site of Saints training camp, around 7 p.m. Saints head coach Sean Payton plans on throwing Bush into the mix immediately. "You get him to start in the meetings and the practice routine," Payton said. "We're all excited to get all of our players in here and he was the last one, so I think that is important."
    shouldnt Bush be suspended for 14k for missing practice if he was signed 2 days before and missed his flight? unless they negotiated that i guess. i would fine the punk. hes obviously not interested in practicing, with incentives hes making off the NCAA game and others hes the next lebron james, and he hasent even played a down yet. and hes probably not as talented as Lebron.

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