Montgomery signs contract

[acoustimac]

Expected of course, but the ink is down.
http://profootballtalk.nbcsports.com/2019/06/13/bears-sign-third-rounder-david-montgomery/

 

[Walden4Prez]

My number 1 pick in my Fantasy League this year. Is it smart? Maybe? Don't care.

 

[mj4cy]

My number 1 pick in my Fantasy League this year. Is it smart? Maybe? Don't care.

The pick itself should be worth bonus points.

 

[Sigmapolis]

$3.57 million for four years

 

[TheJackWePack5]

$3.57 million for four years

I’m not up to snuff on typical 3rd round rookie deals.

Is that about on par?

 

[Sigmapolis]

I’m not up to snuff on typical 3rd round rookie deals.

Is that about on par?

I though the NFL had a rookie pay scale -- maybe not as formulaic of one as the NBA, but they is a range based on your position and draft position.

So he probably got what he is owed.

 

[SoapyCy]

he's been practicing this whole time without a contract?

 

[isufbcurt]

he's been practicing this whole time without a contract?

That happens a lot

 

[isuno1fan]

Bargain for DM

 

[twojman]

Is that entire salary guaranteed? No matter what, that is a good amount of cash so good for him! Really life changing.

If for some reason the NFL does not work out for him, his intelligence and attitude will make him a success in life. (He already is)

 

[chadly82]

It'll be great to see him really get paid on his 2nd contract. Go get em DM!

 

[charlie_B]

Is that entire salary guaranteed? No matter what, that is a good amount of cash so good for him! Really life changing.

If for some reason the NFL does not work out for him, his intelligence and attitude will make him a success in life. (He already is)

According to this site, nothing is guaranteed.

https://overthecap.com/player/david-montgomery/7864/

 

[Sigmapolis]

Is that entire salary guaranteed? No matter what, that is a good amount of cash so good for him! Really life changing.

If for some reason the NFL does not work out for him, his intelligence and attitude will make him a success in life. (He already is)

As you can see above...

-- first-round picks have most of their contracts guaranteed
-- second-round picks have some of their contracts guaranteed

Again, it is not as formulaic as the NBA, but NFL rookies basically have the same "cliff" between the second-round and the first-round as guys do between pick #30 and pick #31 in the NBA in terms of guaranteed money and years on their first contract.

Then again, it is easier to make an NFL roster as a 3-5 round pick versus the difficulty of playing your way onto an NBA roster as a second-round guy.

Looks like David received a $495,000 signing bonus. So he does pocket that. The remaining $3.1 million on his contract the next few years is not guaranteed, though.

 

[BoxsterCy]

This is the NFL and these contracts for players after the 2nd round aren't guaranteed. The rookie contracts are required to be four years but if it's not guaranteed, it's really only four years of pay only if the teams still wants you each year.

From Sports Illustrated 2017 by a guy who used to do rookie contracts for the Packers:

"Though the CBA drastically reduced pay for top rookies, agents have extracted a measure of redemption with guarantees. Most first-round contracts are fully guaranteed for all four years. Second-round contracts are usually guaranteed for the first two years, although late in the round it appears only the first year is fully guaranteed, with a partial guarantee in 2018. Below the second round, only the signing bonus is guaranteed."

The full article (actually quite informative IMHO): https://www.si.com/mmqb/2017/05/16/nfl-rookie-contracts-fine-print

Some good news though, if he makes the opening day roster as a rookie than the average career length is 6 years or so. I think he might have a better shot at this than a lot of 3rd rounders.



Edit: And I see @Sigmapolis and @charlie_B beat me to the draw. I'll leave the post since I think the linked article is interesting.

 

[Kurttr]

he's been practicing this whole time without a contract?

It's fairly common, especially for the earliest OTAs after the draft. Think there's an insurance angle the teams/players use til the contract is done. Don't know the details.

 

[Kurttr]

Just saw on Jay Glazer's latest Q&A on The Athletic that he picked David M. as the breakout fantasy FB player of the year; said he really liked him at ISU. Nice.

 

[Sigmapolis]

Since we are talking NFL $$$ and former Cyclones, I thought I would add...



A.J. Klein is up to $12.5 million and hits $17.5 million this year.

Surviving to that second contract is everything.

 

[discydisc]

As a Bears fan, this was an absolute home run of a pick; I'm giddy about football in September.

 

[BWRhasnoAC]

They will be begging him to sign a new one when he wins the rushing title this year.

 

[ComCY]

Who cares if it's guaranteed... when he's a Top 10 RB by the end of the year, it won't matter anyways.