Fred Smoot's signing bonus

by Skin Patrol on Mar 6, 2007 9:36 AM EST in Redskins News

As usual Redskins Insider has the scoop:

Found out today that Smoot got $7 million to sign. Not a bad payday at all. I also hear that the 2008 base salary might be guaranteed, so I am guessing he gets like $8.5 guaranteed in that 5 year, $25 million deal. Should have the firm details tomorrow ...

Our original report was around 2M, though that was hopeful and based on a Yahoo Sports article that had it vaguely at "at least $2 million". Reader pookskins had heard 10M (as had I) and argued that was too high.

7M is a lot healthier than 2M but not yet eight digits. I don't know if this influences anyone's feelings on the Smoot deal but I am ok with the 7M bonus. The 1M base guaranteed salary in 2007 is meaningless as that's "guaranteed" pretty much no matter what -- unless you sign some guy just to cut them. Or unless Smoot suffers a career ending injury between now and the season opener. Steer clear of boats.

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Not a bad deal at all...

for the team or for Steamboat Freddie.

The $2 mil seemed like they were killing space in the article and had no idea. And the $10 mil seemed like it piggybacked the Fletcher signing. So I think the $7 mil is reasonable. Good deal for both sides.

by TexSkins on Mar 6, 2007 10:04 AM EST reply actions

I think it worked out

Remember he scooped nearly 11M in signing bonuses in the 2005 market which was significantly smaller. I don't think 27 is over the hill by any means, which suggets to me that we either a) got a discount on him or b) the Vikings drastically overpaid. In either event I do not believe we overpaid drastically, though reasonable minds may disagree.

Go Register. Or else.

by Skin Patrol on Mar 6, 2007 11:44 AM EST up reply actions