Tuesday, November 16, 2010

Read the Fine Print

Headline: 

"Donovan McNabb signs a $78 million  5 year contract with $40 million guaranteed ".

Not so fast.......Let's read the fine print.

McNabb's contract extension has just $3.5 million guaranteed

THE ASSOCIATED PRESS

LANDOVER, Md. - Nothing is straightforward about Donovan McNabb these days. It turns out the $40 million he is supposed to be guaranteed in his new contract could turn out to be a mere $3.5 million.

McNabb's agent, Fletcher Smith, clarified some of the details of McNabb's deal Tuesday. He says while the contract is worded so that it has "$40 million in guarantees," the Redskins do have an option to cut McNabb at the end of the season with no further money due.

McNabb has been given $3.5 million this year as part of the new contract, but the rest of the five-year, $78 million package would come to naught if the team decides to cut ties.


From $40 million ......guaranteed....to $3.5 million?

Be wary of all these reports......by zealous talking heads.


Read the fine print.

Our guess is  the Redskins will cut ties with Donovan....at season's end.


Read the fine print.
 

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