Also, as ProFootballTalk points out, this deal isn't nearly as fiscally irresponsible as meets the eye. Essentially, the Dolphins gave their best corner two guaranteed years at $5 million and change, over which time he should continue to perform as an elite corner, and they have what amounts to a club option on a 3rd year. In fact, this deal makes a lot of sense to me.
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PFT article below:
$12.2 Million In New Money For Will Allen
Posted by Mike Florio on May 27, 2009, 9:50 a.m.
Even spread over three years, a $16 million contract with more than $10 million guaranteed looks on the surface to be excessive for Dolphins cornerback Will Allen — especially in light of the “English Muffin under high heat” imitation he pulled during last year’s playoff loss to the Ravens.
We’ve tracked down the details, and in context the deal seems to be more in line with Allen’s skill and age.
The 2001 first-rounder will indeed receive more than $10 million guaranted on his new contract. But it comes in the form of a guaranteed base salary of $4 million in 2009, a guaranteed base salary of $5.2 million in 2010, and a signing bonus of $1.5 million.
Allen already was due to make $4 million this year, but the payment wouldn’t have been guaranteed until the start of the regular season (due to the “termination pay” rules of the CBA).
Under the new contract, Allen also is scheduled to earn a base salary of $5.5 million in 2011.
So it’s a $12.2 million in new money, $6.7 million of which is guaranteed.
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