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Andrew Luck will be guaranteed $14.52 million in contract

 
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stallyns


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PostPosted: Fri May 04, 2012 6:12 pm    Post subject: Andrew Luck will be guaranteed $14.52 million in contract Reply with quote

http://sports.yahoo.com/news/lucks-rookie-deal-14-52-213012575--nfl.html

Quote:
NFLPA documents obtained by The Sports Xchange show that Luck's salary cap charge for the No. 1 slot, as determined by the rookie wage scale negotiated in the CBA extension between the league and the union last summer, is $4,019,636. That is slightly more than the $4,004,636 salary cap charged to the Carolina Panthers for Newton's deal in 2011

Very reasonable number
Quote:
The minimum rookie salary rose by $15,000, from $375,000 to $390,000.


Quote:
Luck's deal will be part of a rookie pool of $8,572,646 awarded the Colts. The Sports Xchange reported the rookie pool allocations for this team earlier in the week. The Colts have a total of $47,149,553 to spend on rookies
so what this means is that the Colts have $47 million to sign rookies and approx $8.6 million in cap space for 2012.

The part I don't understand is that if you have 10 draft picks and 15 UDFAs and they all have base salaries of $390,000 you've already exceeded the $8,572,646 without including pro-rated signing bonuses.
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