Team Exec Likes Jay Z’s Approach To Geno Smith’s Deal
Geno Smith is now signed sealed and delivered after agreeing to a four-year $5 million deal with the Jets.
Some critics and pundits, particularly competing agents of Roc Nation Sports are now going to try to rip Smith’s representation for the way they put together the deal.
According to Pro Football Talk, Geno Smith’s contract ties nearly $700,000 to him participating in the team’s offseason voluntary workout program.
$276,328 of Smith’s $861,328 compensation in 2015 will depend on Smith showing up for the otherwise voluntary offseason drills.
In 2016, $414,491 of Smith’s $1.08 million compensation in 2016 is tied to working out in the offseason.
One team exec doesn’t agree with those pundits point of view on how Kim Miale handled Smith’s contract, and says he likes Roc Nation Sports’ approach to the deal.
“I have wondered for years why more agents don’t do what Smith just did,” the source said, via Pro Football Talk. “Great for cash flow if you were going to workouts anyway, and every quarterback does. Also, if you are getting cut you have a bunch of money in your pocket before you go to camp. It would be great for established agents to explain why they aren’t using this structure.”
A lot of the pundits complaining are just bored.
Smith might not have the greatest deal in history, but it’s a very solid deal all the way around. Most quarterbacks work with their team, so unless Smith plans on holding out, he’ll having money in the off-season, unlike many of his peers who only get paid during the regular season or if they are receiving a bonus.