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  • Jackson Contract Details

    Rams Sign First-Round Draft Pick
    R.B. FALLSTROM
    Associated Press

    ST. LOUIS - The St. Louis Rams signed first-round draft pick Steven Jackson to a five-year, $7 million contract on Sunday.

    The deal includes a $4 million signing bonus for Jackson, the 24th overall pick and the first running back taken. He ran for 3,625 yards and 39 touchdowns in three seasons at Oregon State.

    The Rams have tentatively scheduled a news conference for Monday for Jackson. He is envisioned as the successor to Marshall Faulk, who is entering his 12th NFL season. The 31-year-old Faulk is signed through 2008.

    Rocky Arceneaux of St. Louis is the agent for both players. He said Jackson had made it a priority to sign before training camp, which begins Wednesday with two workouts in Macomb, Ill.

    "We never anticipated any problems," Arceneaux said. "It was very important for Steven to be in camp on time, so we sort of pushed for that."

    The Rams' first-round pick last year, defensive tackle Jimmy Kennedy, missed five days of workouts before signing.

    As a senior, Jackson gained 1,545 yards and scored a career-high 19 touchdowns while also establishing himself as a receiving threat for the first time. He had career bests in receptions (44), receiving yards (470) and receiving touchdowns (3).

    St. Louis traded up two slots to get Jackson after the Dallas Cowboys - widely expected to take him with the 22nd pick - traded down. The Rams gave Cincinnati the 26th overall pick and a fourth-round pick to grab Jackson at 24.

    Jackson was the first offensive player taken in the first round by the Rams since 2000, when they selected running back Trung Canidate.

    The Rams have signed five of their seven draft picks. Jackson joins safety Jason Shivers, center Larry Turner, linebacker Brandon Chillar and tight end Erik Jensen under contract. Third-round pick Tony Hargrove, a defensive end from Georgia Tech, and sixth-round pick Jeff Smoker, a quarterback from Michigan State, remain unsigned.

    But both are expected to be under contract before the start of camp.

  • #2
    Re: Jackson Contract Details

    Originally posted by NickSeiler
    Rams Sign First-Round Draft Pick
    The St. Louis Rams signed first-round draft pick Steven Jackson to a five-year, $7 million contract on Sunday.
    7 million for 5 years - does that sound cheap by NFL standards?

    Comment


    • #3
      Re: Jackson Contract Details

      Last year's 24th selection (Dallas Clark) received $7.075 million over five years with a $4.35 million bonus. Jackson's numbers are actually slightly lower, which seems to be contrary to the trend of increasing salary from the previous year.

      Also, I'm sure Jackson's contract seems lower because of the value of the pick. Jackson was projected by some as a top ten draft choice. To get him for $7M over five season is amazing. And you also have to wonder if Faulk's status was worked into the deal to make it more reasonable to keep both players on without straining the cap.

      Comment


      • #4
        Re: Jackson Contract Details

        Originally posted by NickSeiler
        Last year's 24th selection (Dallas Clark) received $7.075 million over five years with a $4.35 million bonus. Jackson's numbers are actually slightly lower, which seems to be contrary to the trend of increasing salary from the previous year.

        Also, I'm sure Jackson's contract seems lower because of the value of the pick. Jackson was projected by some as a top ten draft choice. To get him for $7M over five season is amazing. And you also have to wonder if Faulk's status was worked into the deal to make it more reasonable to keep both players on without straining the cap.
        Even stranger is the fact that Clark making slightly more money, a year earlier, & at the TE position. I would think a RB in the same draft slot, a year later would demand a little higher salary...but hey I'm not complaining.
        The more things change, the more they stay the same.

        Comment


        • #5
          Re: Jackson Contract Details

          there are things called "escalator" and other incentive clauses, which may be one reason why jackson signed a relatively low contract...
          Last edited by rampete; -07-26-2004, 05:41 PM.

          Comment


          • #6
            Re: Jackson Contract Details

            Originally posted by rampete
            there are things called "elevator" and other incentive clauses, which may be one reason why jackson signed a relatively low contract...
            I'm contractually ignorant. Is this kind of like the incentive-laden contract that Ricky Williams signed as a rookie? Speaking of which, wasn't that negotiated by some rapper?
            The more things change, the more they stay the same.

            Comment


            • #7
              Re: Jackson Contract Details

              Yep, Master P supposedly cost RW about 10 million a year in his early contract. That figure was from the Austin American Statesman.

              Comment


              • #8
                Re: Jackson Contract Details

                Originally posted by HUbison
                I'm contractually ignorant. Is this kind of like the incentive-laden contract that Ricky Williams signed as a rookie? Speaking of which, wasn't that negotiated by some rapper?
                yes, that's what is probably the crux of the contract. there's probably something in there that will allow jackson to void the last one or two years of his contract if he fulfills certain goals, like making it to the probowl or gaining certain amount of tds and so on...as for the rapper, tx seems to have a good handle on the jive...

                Comment

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                • RamDez
                  Jackson gets 5-year, $7 million deal with Rams
                  by RamDez
                  Jackson gets 5-year, $7 million deal with Rams
                  By Jim Thomas

                  Of the Post-Dispatch







                  Steven Jackson's first NFL contract is a five- year deal worth $7 million, according to NFL Players Association figures.

                  But he could earn an additional $1.7 million through incentives and what are called "escalators."

                  The running back from Oregon State earns a one-time bonus of $200,000 if he rushes for 800 yards this season. That's the incentive clause.

                  In addition, Jackson's base salary in Year 5 of the contract could increase - or "escalate" by as much as $1.5 million if he reaches certain benchmarks:

                  An additional $125,000 added to Year 5 for every Pro Bowl he makes over the next four seasons. (For a possible total increase of $500,000.)

                  An additional $250,000 added to Year 5 for every 1,000-yard season he posts over the next four seasons. (For a possible total increase of $1 million.)

                  As it stands now, Jackson is due a base salary of $832,000 in 2008 - the fifth year of his contract. His other base salaries are $660,000 in 2004, $337,500 in 2005, $502,500 in 2006 and $667,500 in 2007.

                  Jackson gets a $2.05 million signing bonus, with $200,000 of that figure tied to offseason workouts. There's also a $1.95 million option bonus for the fifth year of the contract, payable after the '04 season.

                  Obviously, it would take something extreme for the Rams not to exercise the option in the fifth year. And even if they didn't, the $1.95 million is guaranteed. (If the fifth year disappears, the $1.95 million is added to Jackson's base salaries in increments over '05, '06 and '07.)

                  Jackson, agent Rocky Arceneau and Rams president of football operations Jay Zygmunt wrapped up the contract Saturday evening at a St. Louis restaurant, where Jackson was celebrating his 21st birthday. (Jackson's actual birth date was two days earlier, on July 22.)

                  At the time of his signing, Jackson was only the fifth first-round draft pick to come to terms this year in the NFL. And by the time third-round draft pick Anthony Hargrove signed on Tuesday, just before boarding a bus for Macomb, the Rams had all seven draft picks in the fold. By way of comparison, the Arizona Cardinals had no picks signed at that time.

                  "We're always trying to get them done as soon as we can," Zygmunt said. "A lot of times, these negotiations can take so many different twists and turns, you're never really sure what's going to happen until they're really completed."

                  It marked the fourth time in six years that every Rams draft pick has been in training camp on time. The Rams haven't had a lengthy holdout by a draft pick since No. 1 overall selection Orlando Pace missed all of camp in 1997.

                  "We're always happy when the draft
                  ...
                  -07-30-2004, 12:49 AM
                • MauiRam
                  Jackson Looking For A New Agent...Again?
                  by MauiRam
                  Jackson Looking For A New Agent...Again?
                  By Howard Balzer Friday, August 08, 2008
                  Today marks the beginning of the third week of running back Steven Jackson’s absence from training camp. According to multiple reports, there have been no conversations between the Rams and Jackson’s agent, Eugene Parker, since camp opened July 25.


                  Now, there are rumblings in the agent world that Jackson is putting out feelers to other agents because he’s not happy with the direction Parker has taken with the talks (or non-talks). If he changes agents, there’s a five-day waiting period before he can hire someone new. At some point, Jackson has to look in the mirror and honestly assess why he is in this position.


                  After all, he didn’t hire Parker until June after agent Gary Uberstine dropped Jackson as a client in the spring. Rocky Arceneaux was Jackson’s agent when he was drafted, and it is believed he hired Lamont Smith/Peter Schaeffer for a brief time. That means Parker is either Jackson’s third or fourth agent in four years.


                  It seems obvious that Uberstine knew he was fighting a losing battle, and that Jackson’s head was being filled with bad advice from those close to him, including his sister Rhonda. It’s eye opening that virtually anytime Jackson’s situation is discussed with those that know the situation, the conversation turns to Rhonda with words mumbled and accompanied by rolling of the eyes.


                  It’s clear what Uberstine was insinuating when he was quoted saying, "I wish him and his sister Rhonda the very best, and I really don't want to go into the factors that went into my decision. I have no doubt that he will soon be the highest-paid running back in football."


                  What he apparently meant was: “I know Steven and Rhonda believe he should be the highest-paid running back in football, but I question whether that will happen with the Rams. So, I’m dropping him before he has the chance to fire me.”


                  It’s not known specifically what Jackson is seeking. However, a figure of $20 million guaranteed has been floated publicly. That’s not an outrageous number, considering Kansas City’s Larry Johnson got $19 million guaranteed last year as part of a six-year, $45 million contract. Dallas running back Marion Barber will receive $16 million guaranteed in his seven-year, $45 million deal negotiated this year when he was a restricted free agent, while Atlanta’s Michael Turner got $15 million guaranteed and $34.5 million over six years.


                  While Jackson has his reasons for not wanting to report without a new contract (mostly injury related), the reality is that the two sides can’t be very far apart. If the Rams were refusing to even discuss a new contract, Jackson might have a point. But, it was the Rams that approached him after the season to say they wanted to take care of him, even though he...
                  -08-08-2008, 11:06 AM
                • Country
                  Jackson extension
                  by Country
                  The trend is changing in the NFL and extensions are being handed out earlier and earlier, with DT Mike Patterson recieving an extension in his 2nd year.

                  Steven Jackson is in his third year so he has 2 more years on his contract after this one. I think that it is time to start talking about a big pay day and seven year extension for Steven. He is only going to get more expensive as he improves.

                  I am thinking 7 years 15 SB and 49 million.
                  -12-14-2006, 04:35 PM
                • RamFan_Til_I_Die
                  Jackson deal could be cut short
                  by RamFan_Til_I_Die
                  By Jim Thomas
                  ST. LOUIS POST-DISPATCH
                  08/29/2008

                  KANSAS CITY — In order for Steven Jackson to reach escalators that would void the final two years of his contract, he needs to put together four very solid seasons for the Rams.

                  According to league sources, Jackson needs to average 1,200 yards rushing and 400 yards receiving over the first four years of his new contract — from 2008 through 2011 — to void the final two years of his six-year deal.

                  Interestingly, during his three seasons as a starter in St. Louis (2005-07) Jackson has averaged 1,199 yards rushing and 466 yards receiving.

                  If Jackson reaches the 1,200-400 average, his base salary will increase, or "escalate," $3 million in both 2012 and 2013, the final two years of his contract. But if he reaches those statistical plateaus, either he or the Rams will be able to void the final two years of his contract.

                  Either party would have to exercise that option within a week of the end of the 2011 season. But keep in mind, even if the final two years of the contract were voided, the Rams would have the option of placing the franchise tag on Jackson following the 2011 campaign.

                  Without the escalators, Jackson's contract is worth $44.805 million over six years, according to figures filed with the NFL Players Association. The official signing bonus is $11.395 million, and $20.5 million of the deal is guaranteed.

                  Besides the signing bonus, the rest of the guaranteed money comes in the form of Jackson's base salary of $605,000 this season, $5.5 million next season and $3 million (of his $6.105 million) base salary in 2010.

                  The rest of Jackson's base salaries are as follows: $7.2 million in 2011; $7 million in 2012; and $7 million in 2013.

                  If the escalators are reached and the final two years of the deal are voided, it becomes a four-year, $30.805 million contract.

                  Either way, it makes Jackson one of the highest-paid running backs in the NFL. The four-year average of $7.7 million puts Jackson fourth in per-year average behind Washington's Clinton Portis ($9 million), Kansas City's Larry Johnson ($8.629 million) and San Diego's LaDainian Tomlinson ($8 million).

                  As a six-year, $44.805 million deal, Jackson's per-year average of $7.467 million ranks him fifth, behind Portis, Johnson, Tomlinson and Arizona's Edgerrin James ($7.5 million).

                  In terms of current Rams players, only quarterback Marc Bulger with a per-year average of $10.849 million is clearly ahead of Jackson. Left tackle Orlando Pace's average of $7.557 million is more than Jackson's six-year average but less than Jackson's four-year average if the final two years are voided.

                  As for the $393,016 in fines Jackson piled up during his 27-day holdout? It is being deducted from his signing bonus.
                  -08-29-2008, 09:33 AM
                • RamWraith
                  Jackson deal could be cut short
                  by RamWraith
                  By Jim Thomas
                  ST. LOUIS POST-DISPATCH
                  08/29/2008

                  KANSAS CITY — In order for Steven Jackson to reach escalators that would void the final two years of his contract, he needs to put together four very solid seasons for the Rams.

                  According to league sources, Jackson needs to average 1,200 yards rushing and 400 yards receiving over the first four years of his new contract — from 2008 through 2011 — to void the final two years of his six-year deal.

                  Interestingly, during his three seasons as a starter in St. Louis (2005-07) Jackson has averaged 1,199 yards rushing and 466 yards receiving.

                  If Jackson reaches the 1,200-400 average, his base salary will increase, or "escalate," $3 million in both 2012 and 2013, the final two years of his contract. But if he reaches those statistical plateaus, either he or the Rams will be able to void the final two years of his contract.


                  Either party would have to exercise that option within a week of the end of the 2011 season. But keep in mind, even if the final two years of the contract were voided, the Rams would have the option of placing the franchise tag on Jackson following the 2011 campaign.

                  Without the escalators, Jackson's contract is worth $44.805 million over six years, according to figures filed with the NFL Players Association. The official signing bonus is $11.395 million, and $20.5 million of the deal is guaranteed.

                  Besides the signing bonus, the rest of the guaranteed money comes in the form of Jackson's base salary of $605,000 this season, $5.5 million next season and $3 million (of his $6.105 million) base salary in 2010.

                  The rest of Jackson's base salaries are as follows: $7.2 million in 2011; $7 million in 2012; and $7 million in 2013.

                  If the escalators are reached and the final two years of the deal are voided, it becomes a four-year, $30.805 million contract.

                  Either way, it makes Jackson one of the highest-paid running backs in the NFL. The four-year average of $7.7 million puts Jackson fourth in per-year average behind Washington's Clinton Portis ($9 million), Kansas City's Larry Johnson ($8.629 million) and San Diego's LaDainian Tomlinson ($8 million).

                  As a six-year, $44.805 million deal, Jackson's per-year average of $7.467 million ranks him fifth, behind Portis, Johnson, Tomlinson and Arizona's Edgerrin James ($7.5 million).

                  In terms of current Rams players, only quarterback Marc Bulger with a per-year average of $10.849 million is clearly ahead of Jackson. Left tackle Orlando Pace's average of $7.557 million is more than Jackson's six-year average but less than Jackson's four-year average if the final two years are voided.

                  As for the $393,016 in fines Jackson piled up during his 27-day holdout? It is being deducted from his signing bonus.
                  -08-29-2008, 11:24 AM
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