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Rodgers Contract
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<blockquote data-quote="Pokerbrat2000" data-source="post: 777280" data-attributes="member: 7261"><p>LOL, you are talking about non-compete clauses, severance pay, buyouts and retainers. NCC's are not guarantees on salary, they are guarantees that a media person can't just quit and go elsewhere. Those are being challenged by the way. Retainers are still earned and refundable if the lawyer does not perform the duties required. Same with up front money for actors. Buyouts and severance pay are reduced amounts from the contractual amount and are viewed by the payee as a way to get out from underneath the full contract. Seriously, Michael Cohen, you want to use him as an example of guaranteed contracts? Maybe guaranteed under the table money, but I assure you, while getting paid, he was doing some sort of work, legal or not and would stop getting paid large sums of money if he couldn't work because he ended up in jail.</p><p></p><p>Plain and simple, I am talking about signing a contract that guarantees someone like Aaron Rodgers $100M+ no matter what he does after his name is on the dotted line. You may think it's great for Football and I love Aaron Rodgers, but I think it would be the worst thing for football to completely go that route.</p></blockquote><p></p>
[QUOTE="Pokerbrat2000, post: 777280, member: 7261"] LOL, you are talking about non-compete clauses, severance pay, buyouts and retainers. NCC's are not guarantees on salary, they are guarantees that a media person can't just quit and go elsewhere. Those are being challenged by the way. Retainers are still earned and refundable if the lawyer does not perform the duties required. Same with up front money for actors. Buyouts and severance pay are reduced amounts from the contractual amount and are viewed by the payee as a way to get out from underneath the full contract. Seriously, Michael Cohen, you want to use him as an example of guaranteed contracts? Maybe guaranteed under the table money, but I assure you, while getting paid, he was doing some sort of work, legal or not and would stop getting paid large sums of money if he couldn't work because he ended up in jail. Plain and simple, I am talking about signing a contract that guarantees someone like Aaron Rodgers $100M+ no matter what he does after his name is on the dotted line. You may think it's great for Football and I love Aaron Rodgers, but I think it would be the worst thing for football to completely go that route. [/QUOTE]
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