Penn Has One-Year, $6.5 Million Guaranteed
August 26th, 2010
For those obsessed with contract data, ProFootballTalk.com creator and curator Mike Florio has published terms of Donald Penn’s new contract.
Florio, now part of the NBC Sports family, has excellent sources.
What’s interesting is that Penn truly only has one season guaranteed, per Florio, and that would be his $2 million signing bonus and 2010 salary of $4.5 million. Penn could be cut after this season and that would end the Bucs’ commitment, Florio reports.
So essentially, Penn squeezed Team Glazer for $3.5 million over his restricted free agent tender offer, and got himself a good contract moving forward if he remains a Buccaneer. He’s set to bank $7.2 million in 2011, per Florio, if there is a 2011, and if he’s not cut.
So those worried about Penn getting soft now that he got a contract shouldn’t fear. Penn, essentially, is playing now in a contract year.
And those pounding their chests because Team Glazer invested nearly $50 million in Penn might want to pound a little softer.
August 26th, 2010 at 10:04 am
Now finally, someone give Dom his due credit! The last 2 sentences in this post say it all… the haters that come at Dom from both angles are totally baseless.
August 26th, 2010 at 10:15 am
Yet another sign that the owners are planning a lockout. It’s almost as though they don’t even want to negotiate anymore.
I understand the need to put playing in their places in regard to salaries, but I do not like the thought of no football in 2011. I predict, if it happens, other leagues will get a huge boost.
My question is this though…can players, during that time, play for other leagues? If so, wouldn’t that throw a monkey wrench into the owners plans?
August 26th, 2010 at 10:33 am
Ptet, good point. Maybe the UFL will get a lot better. They only have a handful of teams though, and their slary cap is much lower.
August 26th, 2010 at 10:39 am
@ Pete Dutcher
The players will still be under contract. I don’t think they’d be allowed to play in other leagues without having their contracts voided.
August 26th, 2010 at 10:54 am
@ Gary. I’m with you 100%. Dom is a great up and coming GM. The amount of hate he receives is unwarranted. He got hated on for not resigning A Bryant. That’s looking like a great decision by our GM, you have the last 2 drafts, signing Winslow (when everyone hated on him for that) has turned out to be a good signing. Sean Jones and Vincent are bargain busters that will start for our team. Give this guy his credit!!!!
August 26th, 2010 at 11:02 am
Similar to the Ferguson deal. It’s has a bailout plan in case of a holdout.
August 26th, 2010 at 1:27 pm
If there is a lockout… get ready for some Arena league players! wow, thinking about that makes me want to cry.
August 26th, 2010 at 2:42 pm
Ill be happy to give Dom credit, when his team produces a winning record.
Till then, it is all pr and puff.
Tick Tock, September is almost here. The great Dom’s team will be taking the field to demonstrate his genius.
August 26th, 2010 at 2:44 pm
I can’t wait for Raheem to be fired.
August 26th, 2010 at 4:27 pm
Where is “Zero Expectations” who tried to call me out just the other day on this very issue? Oh Zero . . . Zero . .. where are you?
Penn got the Ferguson-lite contract. Good for him and good for the Bucs. Everyone equally happy and unhappy.
Pete Ducher is right on with this comment:
“Yet another sign that the owners are planning a lockout.”
At least to the extent that the owners are doing everything in their power to make it appear as if they will lockout. That is why Penn (and Ferguson) got the unusual deals they did.
August 26th, 2010 at 4:35 pm
Jimbuc,
If the season were to be disastrous, do you anticipate them holding off on any coaching decisions till after the CBA deal?
August 26th, 2010 at 5:25 pm
great move. If he wants his $ he’ll have 2 earn it. If he slacks off, were off tha hook with commiting a ton of money and can use it 2 draft a LT in 2011… if that happens.
August 26th, 2010 at 7:25 pm
Eric — that is the worst case scenario for the Glazers. I think the answer is yes
August 26th, 2010 at 7:26 pm
But Eric, the CBA deal could happen sooner rather than later
August 26th, 2010 at 9:25 pm
Jimbuc,
I agree, and I think it may be one reason why Cowher isn’t coaching somewhere this year, and perhaps Gruden. Less so Gruden since he may just be soaking in that dough for coaching his kid in Highschool.