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

[Perfectionist]

I say give it to him, then he should devide it equally among the posters at asfn with at least (let's say) 1,491 posts.

 

[Second Deck]

I say give it to him, then he should devide it equally among the posters at asfn with at least (lest's say) 1,491 posts.

The Cards could always use A$FN dollars to pay the bonus.

 

[Cbus cardsfan]

He shouldn't be paid for not playing. He took us to the SB but he was also well compensated for that. I don't know why they should give him another 7.5 mill.

 

[English on tour]

i think the Cards should give an equal amount to his charity foundation.

Nice more by us and he will be happy. Classy on both sides.

 

[Perfectionist]

LINK

http://profootballtalk.nbcsports.co...-contract-automatically-reimburses-cardinals/

Report: Warner contract automatically reimburses Cardinals

Posted by Mike Florio on January 30, 2010 6:16 AM ET
We've been wondering for the past few days about the status of the balance of quarterback Kurt Warner's $15 million signing bonus, given his decision to call it quits after only one year of the two-year deal that Warner received in 2009 -- and given the Cardinals' reputation for being, um, very careful with their money.

Under well-established league precedent, Warner is not entitled to keep the full $15 million. Instead, he must return half of it.

Andrew Brandt of NFP reports that the contract was structured to permit the Cardinals to recover the money without actually having to put a figurative or literal lock on the Gatorade cabinet.

Per Brandt, the remaining $7.5 million was due to be paid out to Warner in 2010, in weekly installments during the regular season. The contract states that, if Warner is not on the roster, Warner isn't entitled to the money.

The situation could have gotten interesting if Warner had played poorly in 2009, and if the Cardinals had opted to cut him before the 2010 season. Based on Brandt's explanation, Warner would have been stiffed out of the back end of his signing bonus, which essentially operated as a per-game roster bonus next year.

But the structure allowed the deal to be trumpeted in 2009 as containing $19 million in guaranteed money, even though half of the $15 million signing bonus apparently wasn't guaranteed -- and in the end won't be paid.

So there will be no ugliness or awkwardness between Warner and the Cardinals.

Unfortunately

 

[cardsfanmd]

You can't pay a guy for something he didn't do, but I'd prefer that they went after him and got the guy to finish his deal.

BTW, PUBLIC POLLS PEOPLE.

 

[40yearfan]

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?

Warner doesn't have the $7.5 million and he won't be receiving it because it wasn't due to be paid out until this year. Since it is a roster bonus and he is no longer on the roster, it won't be paid. End of story and hopefully this item of discussion.

 

[LoyaltyisaCurse]

recover the money without actually having to put a figurative or literal lock on the Gatorade cabinet.

So there will be no ugliness or awkwardness between Warner and the Cardinals.

Unfortunately

Florio is suck a ******* ******* hack SOB. First he is perpetuating a proven false assertion AND he says its unfortunate there wont be an ugle divorce between Kurt and team.

God I hate that man...

 

[Shane]

You can't pay a guy for something he didn't do, but I'd prefer that they went after him and got the guy to finish his deal.

BTW, PUBLIC POLLS PEOPLE.

It is a public poll

 

[Syracusecards]

Knowing Warner, he might offer to return it himself.

I'm guessing the same.

 

[ajcardfan]

I'm guessing the same.

It's OVER. He got the money for last year, and he won't get the other half for this year because he's not on the roster. There is NOTHING for them to wrangle over.

 

[chickenhead]

I'm glad that this was addressed preemptively. But if it came down to it, the Cardinals should not have had to go after him for the money, he should have returned it. I work in a business where advance payments are often made, and when the contract is not fulfilled the money is rarely recovered because the amount isn't usually worth the litigation (and the money is already spent). But I will never for the life of me understand how the recipient goes on living his or her life thinking little of repaying the advance. In fottball, the whole reason the signing bonuses exist in the first place is because the team can terminate the contract. A player shouldn't be able to both keep the entire bonus AND terminate the contract, IMO.

And I say all this in principle: if there's ever been a guy I'd look the other way for, it would probably be Warner. But the agreement was made in good faith.