Foles Opting Out

[PhoenixEagles1]

The 5th year option is in the contract the player signs. If you can prove otherwise I'll admit you are right.

Cool

 

[Across The Field]

What did the player sign?

a 4 year contract that could become a 5 year contract if the team decides to make it so.

 

[PhoenixEagles1]

a 4 year contract that could become a 5 year contract if the team decides to make it so.

Thank you. Players sign 4 year contracts.

 

[Across The Field]

Thank you. Players sign 4 year contracts.

Which become 5 year contracts if the team decides to, which often happens. So in those cases, they're 5 year contracts. It's semantics, but the player is signing a 5 year contract to the team, if the team chooses so.

 

[Inquisitor95]

So the length of this thread doubled over night because PE1 wants to argue to the death the semantics of a variable-length contract.

I never would have believed that the concept of contract option/extension being written into the terms of the original contract would be such a difficult thing to understand.

And when the 5th year option is exercised it becomes a 5-year contract. No one draws up a new contract. There is no special meeting between parties. If you can find evidence to the contrary, post it. Nonetheless it's hilarious that will take the most mundane and minute detail of anything and argue it to death.

PE1 likes to argue for the sake of arguing if you haven't figured it out yet.

 

[handicappers]

PE1 likes to argue for the sake of arguing if you haven't figured it out yet.

He knows he’s wrong. He’s just being a dick head

 

[jarntt]

In 2014 pitcher David Price signed a 7 year contract with the Red Sox that allowed him to opt out of the contract after 2018 (only a few years into the deal). That is considered by everyone a 7 year deal even though it could have ended earlier.

Red Sox sign David Price to seven year deal

Prior to the current nfl CBA rookies were getting paid ridiculous amounts of money. Veterans were pissed. So they instituted a rookie pay scale. In an effort to make it easy to understand the league characterized the new deal by saying “all rookie sign a four year contract” but they then went on to say “but first round picks have a club option for a 5th year”. It went on to say that “this option must be written into the contract and can’t be a separate document”.

That’s a 5 year deal.

The David price 7 year contract establishes that.

Disclaimer: I'm not reading the article only your post so this is based on that.

Correct it was a 7 year deal because until an action was taken it was a 7 year contract in it's original state. The action taken by Price changed the term of the contract from 7 years to 5 just like the action taken by the Teams changes the original contract from a 4 year contract to a 5 year.

 

[dbldwn711]

Disclaimer: I'm not reading the article only your post so this is based on that.

Correct it was a 7 year deal because until an action was taken it was a 7 year contract in it's original state. The action taken by Price changed the term of the contract from 7 years to 5 just like the action taken by the Teams changes the original contract from a 4 year contract to a 5 year.

It’s still a 7 year contract that potentially terminated early. When it’s terminated it doesn’t then get referred to as a 4 year contract.


The same holds true for nfl first round picks. They sign a 5 year contract that may potentially get terminated early. If it does get terminated early you don’t then say “oh... it was really a 4 year contract.”

 

[jarntt]

It’s still a 7 year contract that potentially terminated early. When it’s terminated it doesn’t then get referred to as a 4 year contract.


The same holds true for nfl first round picks. They sign a 5 year contract that may potentially get terminated early. If it does get terminated early you don’t then say “oh... it was really a 4 year contract.”

No, you are missing the point. I am calling the contracts what they are in their original form and before someone exercises their option because there is no guarantee that they will or legal commitment to. So if you call Price's contract a 7 year deal (what it is before his option) you need to call the 1st rounders contracts 4 year deals. You can't have it both ways.

And legally they aren't terminated early if the team doesn't pick up the option. The action is to extend it to the 5th year. If you do nothing it just ends at 4.

 

[PhoenixEagles1]

Disclaimer: I'm not reading the article only your post so this is based on that.

Correct it was a 7 year deal because until an action was taken it was a 7 year contract in it's original state. The action taken by Price changed the term of the contract from 7 years to 5 just like the action taken by the Teams changes the original contract from a 4 year contract to a 5 year.

Bingo!
It was CHANGED from a 4 year contract

 

[PhoenixEagles1]

It’s still a 7 year contract that potentially terminated early. When it’s terminated it doesn’t then get referred to as a 4 year contract.


The same holds true for nfl first round picks. They sign a 5 year contract that may potentially get terminated early. If it does get terminated early you don’t then say “oh... it was really a 4 year contract.”

But they aren’t terminated early... they get extended from a 4 year contract.
When a 7 year contract is terminated early they originally signed a 7 year contract.
When a 4 year contract gets extended its was originally a signed 4 year contract.

 

[dbldwn711]

But they aren’t terminated early... they get extended from a 4 year contract.
When a 7 year contract is terminated early they originally signed a 7 year contract.
When a 4 year contract gets extended its was originally a signed 4 year contract.

There is a HUGE difference in the contract world between an “extension” and “an option”. You keep saying extended and that is wrong. It’s an option. An option that is in the original contract that speaks directly to the length of the contract which is an essential term of a contract.

 

[Manster7588]

Cool

Cool?

Cool what? Cool you can't show the 5th year option isn't in the contract.

 

[SteelersPride]

I’m tagging fordman soon

 

[Manster7588]

Bad link

The link option wasn't picked up.

 

[Manster7588]

What did the player sign?

He signed a contract saying he accepts the 5th year option in his contract.

 

[NWPATSFAN]

Why do I keep opening this thread

 

[SteelersPride]

Why do I keep opening this thread

 

[Manster7588]

Why do I keep opening this thread

Same reason you slow down for car wrecks, you think you might see a headless body.

In this case PE is surely the headless body.

 

[NWPATSFAN]

Same reason you slow down for car wrecks, you think you might see a headless body.

In this case PE is surely the headless body.

You and @SteelersPride did it to me again