We’ll apologize in advance for this one (which is rarely a good way to start any article), because it deals with an issue about which most of our readers probably don’t care.
But since we need to maintain our street cred within team and agent circles, we needed to address this matter once more.
We recently posted that receiver Joe Horn’s $2.5 million base salary guarantee with the Falcons didn’t include offset language, and we expressed dismay at the absence of it. As we now understand the situation, the Falcons intended the $2.5 million payment to be part of Horn’s up-front money, but the Falcons didn’t want to prorate a full $6.5 million in bonus money beyond two seasons.
So the Falcons paid Horn $3.5 million to sign, and pushed the other $2.5 million into the 2008 guaranteed salary. The remaining $500,000 was paid out as a 2007 roster bonus.
As we also understand it, the Falcons felt compelled to put $6.5 million on the table because Horn was also drawing interest from the Packers. However, as one source said in response to this reasoning, “So they should have let the Packers sign him.”
In the end, Horn got $7.5 million for one year of service to the Falcons, during which he played in 12 games and caught 27 passes.
Part of the problem, of course, is that Horn was acquired to provide veteran presence and performance in the early stages of the Bobby Petrino era, when players like Roddy White (who developed well in 2007) weren’t ready to lead the way. The idea was that Horn would spend two years with the team; once Petrino bolted, that changed dramatically.
Still, $7.5 million for 12 games and 27 passes.
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August 25th, 2008 at 12:11 pm
who cares
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Rating: 2.85 / 5 with 6 rating(s)
August 25th, 2008 at 12:14 pm
Roddy white must be good. How else can a player develop in that enviroment?
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Rating: 5 / 5 with 1 rating(s)
August 25th, 2008 at 12:18 pm
Joe Horn got his!!
Joe Horn out!
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Rating: 5 / 5 with 1 rating(s)
August 25th, 2008 at 12:24 pm
That’s $277 K per pass caught, not bad work if you can find it.
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Rating: 5 / 5 with 1 rating(s)
August 25th, 2008 at 12:27 pm
Ron Noel, are you a moron? did you not read the first to paragraphs of the article. The only thing that is a bigger waste of time then your asinine comment is the fact that i need to point it out.
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Rating: 3.25 / 5 with 7 rating(s)
August 25th, 2008 at 12:38 pm
Does a washed up WR who hasn’t garnered any interest, really deserve all this print?
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August 25th, 2008 at 12:46 pm
WOW! Joe Horn makes Brandon Lloyd look like T.O.
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August 25th, 2008 at 12:56 pm
$277,777 per catch. That’s good work if you can get it.
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August 25th, 2008 at 12:58 pm
Makes one wonder how the hell Arthur Blank made enough money to buy an NFL team. Every business decision, from personnel,administration, public relations has been a complete joke.
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Rating: 5 / 5 with 1 rating(s)
August 25th, 2008 at 1:03 pm
Marvin Harrison makes Joe John look like Mother Theresa.
Of course neither of them would know a dynasty if it slapped them across their poorly-groomed mustaches.
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August 25th, 2008 at 1:13 pm
What do you mean no one cares?
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August 25th, 2008 at 1:15 pm
OK, Florio, street cred re-established. Now, how about a follow-up on the Bronco who eBayed his tix to the Obamination ‘event’?
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August 25th, 2008 at 2:28 pm
Eskin, you can’t peg this one on Authur Blank. Gotta peg it on Rich McKay.
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August 25th, 2008 at 2:56 pm
JimmySmith says:
August 25th, 2008 at 12:24 pm
That’s $277 K per pass caught, not bad work if you can find it.
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That doesn’t beat Brandon Lloyd’s sweet deal: He made 10 million guaranteed and caught 25 passes and ZERO touchdowns for the Redskins.
That’s $400,000 per catch.
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August 25th, 2008 at 6:46 pm
So basically there was nothing bad about the way McKay wrote up the contract besides that fact he should of never given a player of Horn’s stature that much gauranteed money. Which happens allot in this day of age.
Essentially we now have 3 or 4 posts on a story that should of never generated one post
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August 25th, 2008 at 11:18 pm
Newbold says:
Which happens allot in this day of age.
******
That doesn’t make any sense either.
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