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  1. #1
    Big Horn's Avatar
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    Jackson's New Contract Terms

    Rams running back Jackson at practice after signing new deal

    Associated Press


    Running back Steven Jackson has signed a long-term contract with the St. Louis Rams and was on the field for practice on Thursday after completing a physical.

    NFL Network's Adam Schefter reports Jackson signed a five-year extension worth $49 million, including $21 million in guaranteed money. The contract will likely void after two years, making it a three-year, $29.3 million dollar extension.

    Copyright 2008 by The Associated Press


  2. #2
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    Re: Jackson's New Contract Terms

    Well it looks like Jackson got his way with the FO. After hearing they offered a seven-year $50 million contract with $18 million guarenteed, he essentially got $10 million a year and an extra $3 million guarenteed but for a three-year span. Oh man, he went straight to the bank with this.

    I'm as big a Jackson lover as the next guy, but after this he better put up or shut up because there are no more excuses. He is being paid like the top running back in the league so he should perform like that for us. I'm kinda sad that he won't likely finish his career as a Ram, but we get him in his best years and that is what I am happy about.

  3. #3
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    Re: Jackson's New Contract Terms

    I couldn't be happier that Jackson has finally signed and gotten all of this past him, but essentially only a three year extension for almost $30 mil?

    I just hope that this doesn't hurt our ability to make any moves in free agency in the future. Seems like this could be a pretty significant salary cap hit.

    At least he's in camp now ready to focus on this season...


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    Last edited by Big Horn; -08-21-2008 at 03:16 PM.

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    Re: Jackson's New Contract Terms

    ESPN offers further details on the terms of the deal...

    Source: Jackson's new deal could be worth as much as $49.3 million
    ESPN.com news services
    Thursday, August 21, 2008

    ST. LOUIS -- St. Louis Rams running back Steven Jackson signed a six-year contract Thursday and was on the field for practice after completing a physical.

    Jackson agreed to a two-tiered deal with the Rams. It's either a three-year extension worth $29.3 million with $21 million guaranteed, or a five-year, $49.3 million contract that includes huge escalators in years four and five, a source told ESPN.com's John Clayton.

    The way the contract works is that it is structurally a five-year deal lasting until 2013. The final two years can be voided based on his performance, but his performance can also trigger the escalators to take the five-year deal to $49.3 million.

    Though a breakdown of the triggers of the deal aren't fully known, a source told ESPN.com that Jackson has to perform similarly the next three seasons to the numbers he put up from 2005 through 2007 to fulfill the escalators.

    Jackson rushed for 3,576 yards and 26 touchdowns the past three years and caught 171 passes for 1,396 yards and six touchdowns. In the prime of his career, Jackson is figuring he can equal those numbers and become a free agent by 2012.

    After the 2011 season, Jackson would only be 28 and still have a chance to hit the free-agent market at a time he believes there might be a new collective bargaining agreement.

    To get this deal, Jackson held out and accumulated about $400,000 of fines while out of camp. He held out long enough that he wasn't able to use 2008 as an accrued season counting in his years toward free agency.

    By doing the three-year extension, Jackson doesn't have to worry. If there is no salary cap in 2010, Jackson would have enough years in the league to qualify for free agency for the 2012 season. His biggest accomplishment, though, was becoming the league's highest-paid running back, along with staying with the Rams.

    The 235-pound Jackson ended his holdout on Wednesday.

    Jackson is the centerpiece of the Rams' offense and had been entering the final season of a five-year, $7 million deal he signed as a first-round pick in 2004.

    Coach Scott Linehan said Jackson would be in uniform for Saturday night's preseason game against the Baltimore Ravens but would not play. He said that although Jackson reported in good shape, he needed to condition his body for football.

    Jackson told the St. Louis Post-Dispatch in a story on its Web site that the stalemate had been about a difference in philosophy. He said talks "recommenced" late last week, and Jackson booked a flight from Las Vegas to St. Louis on Wednesday when a deal appeared imminent.

    He had his third consecutive 1,000-yard season in 2007 despite missing four games with injuries.

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    Re: Jackson's New Contract Terms

    Not in love with the wording of the deal it is essentially 3 yrs and he is and UFA in a possibly uncapped year with the collective bargaining agreement in even more danger with Gene Upshaw passing away R.I.P. That hurts being in a small market unless their is an owner switch up. Then again RBs deteriorate, but SJ hasn't had alot of carries compared to other guys.

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    Nick's Avatar
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    Re: Jackson's New Contract Terms

    There seem to be conflicting reports about the length and value...


    Jackson gets 6-year deal
    By Jim Thomas
    ST. LOUIS POST-DISPATCH
    Thursday, Aug. 21 2008
    2 p.m. Thursday update:

    His 27-day holdout over, it was back to work today for Rams running back Steven Jackson.

    He flew to St. Louis last night, and he was in uniform, on the practice field and working out with the Rams this morning.

    Jackson signed a six-year deal that will max out at just under $50 million, but the final two years will void out based on Jackson's performance. If that's the case, the four-year deal will be worth just under $30 million.

    A minimum of $20 million is guaranteed in the contract; it could jump to $24 million if Jackson reaches a stage in the contract where he has a partial guarantee of one year's base salary.

    Coach Scott Linehan said after today's practice that Jackson will be in uniform but will not play in Saturday's home exhibition game against Baltimore.

  7. #7
    general counsel's Avatar
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    Re: Jackson's New Contract Terms

    Well, at least there is another contract in place so Jackson has an option later to decide whether he wants to honor it when salaries go up for others in the future.

    ramming speed to all

    general counsel


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    Re: Jackson's New Contract Terms

    So, do the Rams really have top paid players at QB, RB, WR1 & WR2 but still shaky depth on the o-line?

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    Re: Jackson's New Contract Terms

    Quote Originally Posted by general counsel View Post
    Well, at least there is another contract in place so Jackson has an option later to decide whether he wants to honor it when salaries go up for others in the future.

    ramming speed to all

    general counsel
    Good point. He has already established that he'll sign anything whether he intends to fulfill it or not. Hey maybe we can make this an annual thing.
    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

  10. #10
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    Re: Jackson's New Contract Terms

    From what I can see I think the people saying it's a 5, or 3 year deal discount this year in the total number of years. If you add in this year, then it becomes a 6 year, or 4 before the voided years, deal. But then again, I always could be wrong.

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    Re: Jackson's New Contract Terms

    Quote Originally Posted by TekeRam View Post
    From what I can see I think the people saying it's a 5, or 3 year deal discount this year in the total number of years. If you add in this year, then it becomes a 6 year, or 4 before the voided years, deal. But then again, I always could be wrong.
    You're probably right, good call.

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    Re: Jackson's New Contract Terms

    Wait a second, my report says it's 6 years $44 million.



    ST. LOUIS (AP) - Steven Jackson signed a six-year, $44 million contract Thursday, a day after agreeing to end a 27-day holdout, and was on the field for practice with the St. Louis Rams after completing a physical.

    And all was forgiven.

    Coach Scott Linehan, who conducted a month of practices without the centerpiece of the offense, joked that he gave Jackson "a big hug" and then asked for a loan. Offensive tackle Orlando Pace, no stranger to holdouts, said he was happy "big time, big time" to see the bruising runner. Defensive tackle La'Roi Glover said simply, "Things are pretty good at Rams Park right now."

    The 235-pound running back had been entering the final season of a five-year, $7 million deal he signed as a first-round pick in 2004. Linehan said he understood the business end of the game after Jackson got a deal that includes more than $20 million in bonuses and puts him third on the salary scale on the team, trailing only quarterback Marc Bulger and Pace and fifth among NFL running backs.

    "It was great to see him," Linehan said. "There's no up side to being adversarial in these kind of deals. You've just got to stay positive and you've got to focus on who's here, and have trust and faith in the people that are working on getting everything done."

    Jackson, 25, said both sides compromised during negotiations that stayed underground and generally cordial. Gregarious by nature, he kept silent publicly while getting frequent text-message updates from teammates and Linehan, and then flew from his home in Las Vegas to St. Louis on Wednesday when the deal was imminent.

    After doing individual drills and a bit of team work in his opening practice, he said he hoped to retire as a Ram. He also pledged to be ready for full duty in the Sept. 7 opener at Philadelphia.

    "No one gets 100 percent of what they would like to happen, but me and my agent are happy," Jackson said. "Of course, there were heated debates on the phone but no one attacked publicly. I still feel the same way about this organization as I did last year the last game of the season."

    It won't be all roses. Jackson expects a rude welcome from Rams fans after he criticized them last year for a lack of commitment. The Rams failed to sell out three games and the Edward Jones Dome had a healthy dose of Packers and Steelers fans for late-season games.

    "You definitely expect mixed reviews," Jackson said. "When you're talking about this kind of money a lot of people can't really understand why would you turn your back on a contract? Business is business."

    It'll be at least a week before he gets his first preseason carry. Linehan said Jackson would be in uniform Saturday night against the Ravens but would not play while he conditions his body for football.

    The team plans to get Jackson plenty of extra work and will even use the warm-up time before the preseason game to help him get up to speed. Jackson spent 20 minutes on a treadmill after practice, catching up on his cardio work.

    "Really, you can't simulate the game," Linehan said. "It's more the conditioning factor of starting and stopping, and getting in the huddle and doing all that. We have plans to do some extra things with him, even when we're not practicing."

    Jackson, coming off his third consecutive 1,000-yard season despite missing four games with injuries, justified his holdout while still under contract because of the lack of guaranteed money in the NFL. He based his decision to stay away instead of reporting to camp and continuing talks on the risks of playing his position.

    The Rams cut off negotiations on the first day of training camp until Jackson showed up, after the running back turned down a deal the team said would have put him in the upper echelon of running backs.

    "Taking a lot of hits, you never know if you can jeopardize it," he said. "The only safe bet to not signing a new deal right away is staying out of harm's way."

    Backing up that point, Jackson missed four games with a groin injury and part of a fifth with a bulging disc last season. The Rams lost all five games while going 3-13.

    Former teammate Marshall Faulk criticized Jackson's durability and second-guessed whether he deserved a big contract in a recent radio interview.

    Jackson declined an opportunity to fire back.

    "All things are forgiven," he said. "Some people don't agree and some people do agree and that's just what it boils down to during a holdout. Before I made the decision to hold out I took that into consideration."

    The Rams had made signing Jackson to an extension an offseason priority and approached Jackson's agent not after the season, but negotiations stalled when Jackson switched representatives and signed with Eugene Parker in late June. Jackson said the death of owner Georgia Frontiere last January also held up talks.

    Jackson has averaged 115.7 yards from scrimmage since his rookie year, fourth best in the NFL. He led the NFL with 2,334 yards rushing and receiving in 2006 and his 90 receptions in 2006 is sixth-best by a running back in league history.
    That's from MSN, about an hour and 4:45 minutes ago. The other reports were sayingjust under $50 mil, or $49 mil. But $44 is a lot under $50. Anyway I seem to be the minority here.

  13. #13
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    Re: Jackson's New Contract Terms

    Every media outlet wants to break the story, and have THE REPORT, of the deal. It sounds as though he, and his agent, want to possible take advantage of an end to the collective bargaining agreement. If there is no agreement, and the Rams don't want to bid with other teams for services, Jackson could bolt to the highest bidder, or to a contender if the Rams haven't made the leap themselves.

    Give it another day or so and the details will emerge. Whatever the details are, it's a lot of millions, and if he's not financially secure already from his firat deal, he needs a new finacial advisor. I'M AVAILABLE !!!!

    Maine -
    and out of the ashes rise ...The Breakfast Club !

  14. #14
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    Re: Jackson's New Contract Terms

    Yeah the Rams website says 6 years not 5.

  15. #15
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    Re: Jackson's New Contract Terms

    Drinks are on Jackson at the BASH!!!!
    [SIGPIC][/SIGPIC]

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