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Lions Homer
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Detroit Lions' Calvin Johnson paid back part of bonus before retiring
"Because Johnson retired four years after his last contract extension, the Lions could have recouped one-fifth of the $16-million signing bonus he received at the time, or $3.2 million. Bonus prorations are spread over up to five years of a player’s contract, for salary cap purposes.
Johnson paid back 10% of the $3.2 million, which was then credited back to the Lions’ cap."
"The Lions said in a statement released Tuesday that matters related to Johnson’s contract “were settled to the satisfaction of the parties.” They declined further comment today."
"Because Johnson retired four years after his last contract extension, the Lions could have recouped one-fifth of the $16-million signing bonus he received at the time, or $3.2 million. Bonus prorations are spread over up to five years of a player’s contract, for salary cap purposes.
Johnson paid back 10% of the $3.2 million, which was then credited back to the Lions’ cap."
"The Lions said in a statement released Tuesday that matters related to Johnson’s contract “were settled to the satisfaction of the parties.” They declined further comment today."
