Should the Cards go after Warner's Bonus $$ If he retires?

[Shane]

The good news is the Cards only gave Warner half of the signing bonus. As part of his new contract last year, he agreed to defer half the signing bonus until spring 2010.

So, if Warner retires, he does not have to give anything back and the Cards do not have to go after "it" at all. They just agree to not pay the 2010 deferred part.

If Warner thinks that is not fair, then he will have to pursue the issue.

I think both parties were concerned about Warner retiring and planned the contract accordingly.

Not according to Darren Urban.

 

[Mitch]

Not according to Darren Urban.

Please explain.

Somers said today he thinks there was likely a clause in the contract to address this situation.

 

[Shane]

Please explain.

Somers said today he thinks there was likely a clause in the contract to address this situation.

Urban in a blog awhile back simply stated that the cards have the option to go after the bonus money that was payed out last season since it was payed out based on 2 seasons. You would think that if that $$$$ were deferred Urban of all people would know about it. JMHO.

 

[Shane]

Please explain.

Somers said today he thinks there was likely a clause in the contract to address this situation.

Likely being and one actually being there for sure are 2 different things.

 

[Renz]

In his latest story, Urban seems to back up the claim that Warner hasn't yet collected the other half of his bonus:

Warner, if he were to stay, also guarantees himself another $11.5 million ($4 million in salary, $7.5 million in his remaining signing bonus that he may not be able to collect by leaving).

http://www.azcardinals.com/news-and...-The-End/62593ea2-3e88-420a-b86f-6a62c21a7588

 

[kerouac9]

I would let him keep 1/3rd of the remaining as a thanks for the memories gift.

But I'm guessing this is what's being worked out right now so that there will be no acrimony at Friday's press conference or going into the weekend.

 

[Shane]

In his latest story, Urban seems to back up the claim that Warner hasn't yet collected the other half of his bonus:



http://www.azcardinals.com/news-and...-The-End/62593ea2-3e88-420a-b86f-6a62c21a7588

That would be good and make this a moot point. Tha way the Cards cant be viewed as "cheap"

 

[TheHopToad]

Knowing Warner's character, I wouldn't be surprised if he left a check on the podium after he was finished speaking anyway.

It's not like his wage earning ability has ended and he has to live the rest of his life on his football earnings. The guy is marketable and will probably make a lot more money after retirement than he ever did playing football.

 

[LVG]

In his latest story, Urban seems to back up the claim that Warner hasn't yet collected the other half of his bonus:

Warner, if he were to stay, also guarantees himself another $11.5 million ($4 million in salary, $7.5 million in his remaining signing bonus that he may not be able to collect by leaving).

http://www.azcardinals.com/news-and...-The-End/62593ea2-3e88-420a-b86f-6a62c21a7588

Let Warner keep what he has, and the Cards can keep the other 7.5M.

 

[40yearfan]

From Darren Urban:

Warner was scheduled to make $4 million in salary, and Warner is expected to surrender half of the $15 million signing bonus he received when he inked a two-year contract before the 2009 season.

 

[moklerman]

Warner doesn't owe the Cardinals and the Cardinals don't owe Warner. You don't get what you don't earn.

Now, when Warner exploded onto the scene in '99 he was making the minimum and the Rams gave him the "petty cash" that teams are allowed to distribute at the end of the year(don't ask me for terms and details, they just gave him a bonus).

This year isn't like that. It's silly to think the Cardinals should even consider giving him $7.5 million for being a swell guy. If they weren't going to "throw a bone" to Boldin considering what he's done for the franchise I don't see how they'd go from that to here's $7.5M, just for the heck of it.

 

[Mainstreet]

I think the bonus money issue has already been agreed upon by both sides at least in principle. I can't imagine it was not involved in KW's decision to retire now.

 

[40yearfan]

From Darren Urban:

Warner doesn't owe the Cardinals and the Cardinals don't owe Warner. You don't get what you don't earn.

Now, when Warner exploded onto the scene in '99 he was making the minimum and the Rams gave him the "petty cash" that teams are allowed to distribute at the end of the year(don't ask me for terms and details, they just gave him a bonus).

This year isn't like that. It's silly to think the Cardinals should even consider giving him $7.5 million for being a swell guy. If they weren't going to "throw a bone" to Boldin considering what he's done for the franchise I don't see how they'd go from that to here's $7.5M, just for the heck of it.

Did you notice what I quoted Urban as saying?

 

[DeAnna]

No.

That would be classless and petty. Exactly the image the organization should be trying to get away from.

 

[Crazy Canuck]

Some people are awfully free with other people's $$$.

This from URBAN today.

Warner was scheduled to make $4 million in salary, and Warner is expected to surrender half of the $15 million signing bonus he received when he inked a two-year contract before the 2009 season.

 

[Tyler]

YES, from a business standpoint they need to recoup the money to use going forward. If you get a signing bonus from your job to produce for 2 years but you quit after 1 you better believe they will go after that money. I love what Kurt has done for this team but I just dont see how the Cards let him walk away with all that money.

 

[Doug]

Who here thinks we won't see Kurt doing at least a couple adds on tv?The company won't have to worry about a Tiger or Kobe situation.Personally I'd like to see ARIZONA Senator Warner.When McCain hangs it up.For some reason I don't see Kurtis Eugene hurting for money ever.

 

[moklerman]

Did you notice what I quoted Urban as saying?

Yes, why? I don't think Warner should get, or that the Cardinals should give $7.5M to Warner.

As in, when all is said and done he shouldn't wind up with the $7.5M. I don't really care how it transpires. If he has to give it back or if the Cardinals have to choose not to give it. It doesn't really matter.

I'm still not sure what "surrender" means. Does that mean he has to write them a check or that he is choosing not to receive what he would have got if he played in 2010?

 

[Crazy Canuck]

Yes, why? I don't think Warner should get, or that the Cardinals should give $7.5M to Warner.

As in, when all is said and done he shouldn't wind up with the $7.5M. I don't really care how it transpires. If he has to give it back or if the Cardinals have to choose not to give it. It doesn't really matter.

I'm still not sure what "surrender" means. Does that mean he has to write them a check or that he is choosing not to receive what he would have got if he played in 2010?

Well, he certainly doesn't have to write a cheque. The Cards hold the $7.5 owed in bonus for year two of the agreement.

I know of cases in sport where these issues have been settled through a donation to the ex-player's charitable foundation.

 

[ajcardfan]

Well, he certainly doesn't have to write a cheque. The Cards hold the $7.5 owed in bonus for year two of the agreement.

I know of cases in sport where these issues have been settled through a donation to the ex-player's charitable foundation.

The signing bonus was spilt over two years, with the second half being a roster bonus. Since he decideded not to return, it's very clear cut. Not on the roster, then you don't get the balance of the bonus.

Had the Cards paid ALL of the 15 million up front, then Shane's original question MIGHT have been pertinent. As it turns out, his question is moot.

 

[Crazy Canuck]

The signing bonus was spilt over two years, with the second half being a roster bonus. Since he decideded not to return, it's very clear cut. Not on the roster, then you don't get the balance of the bonus.

Had the Cards paid ALL of the 15 million up front, then Shane's original question MIGHT have been pertinent. As it turns out, his question is moot.

Did not know that the second tranche was a roster bonus.

Clearly, as you say - nothing is owed.

Evidently, the FO took steps to protect themselves.

 

[CardLogic]

Evidently, the FO took steps to protect themselves.

Just another glimpse that things are not what they once were with the Arizona Cardinals.

 

[IAWarnerFan]

Since it was the concussion that knocked him out instead of him just walking away I'll go with NO.

 

[NYCARDS]

Absolutely not. He has done more for this franchise in his play and his character than $7.5 million could every buy. Let him keep the money as a great thanks and good karma.

 

[Unsterblich856]

He retroactively earned it. Took us to a Super Bowl, had the greatest season a Cardinal QB has ever had on a salary fit for mediocre starting QBs, and brought respectability to this organization.