All articles tagged with #guarantees
San Francisco landed Mike Evans on a roughly $42.4 million, three-year contract with $16.3 million guaranteed, featuring a possible out after year one and a ghost year to spread signing bonuses, designed to minimize Evans’ hamstring risk while keeping him as a WR1 when healthy.
Trey Hendrickson has rejected the Cincinnati Bengals' recent contract offers due to lack of guaranteed money beyond the first year and is holding out from training camp, despite both sides expressing a desire for him to stay with the team.
The Cincinnati Bengals are holding out Shemar Stewart over a contract dispute involving language changes in guarantees, which the team unilaterally implemented without concessions, leading to a holdout that reflects ongoing issues with their business decisions.
Mike Williams signed a one-year deal with the New York Jets "up to" $15 million, with a guaranteed $8.3 million and $1.7 million available in per-game active roster bonuses. The deal also includes $5 million in incentives. This fair deal comes after Williams suffered a torn ACL in September, and the Jets have also committed to other modest contracts with high incentives for veteran players.
Barclays' bonus pools for 2023 are down by as much as 30%, but bankers and traders with guaranteed payouts are immune to the squeeze, depleting the bonus pool for everyone else. The bank is reportedly planning to hand out zero bonuses to poor performers in its banking team to save money, following senior banker exits and complaints about unpaid guarantees. Similar complaints have been reported at Jefferies and UBS, which paid guarantees to many managing directors hired from Barclays last year.
The German government has agreed to provide guarantees worth €7.5 billion ($8.1 billion) to Siemens Energy as part of a deal to support the troubled energy company and help fulfill its order book. The guarantees are part of a larger package totaling €15 billion, which includes guarantees from private banks and other stakeholders. Siemens Energy, which makes gas and wind turbines, is seen as a vital player in Germany's transition to renewable energy. The government's support reflects its view of the company's importance. The guarantees will not involve cash, but rather counter guarantees to private banks.
Siemens Energy shares plummeted by over 32% after the company sought support from the German government, citing a rising need for guarantees for long-term projects. The company is evaluating measures to strengthen its balance sheet and is in preliminary talks with stakeholders, including banking partners and the government. Siemens Energy previously scrapped its profit forecast and warned of ongoing challenges at wind turbine subsidiary Siemens Gamesa.
Lamar Jackson signed a five-year, $260 million contract with the Baltimore Ravens, making it the largest contract in NFL history in terms of per-year value at $52 million. The contract includes $135 million fully guaranteed at signing, the second-largest in NFL history behind Deshaun Watson's deal. Jackson's three-year cashflow of $156 million is also the largest in NFL history. While falling short of his aspirations for a fully guaranteed deal, the contract still represents one of the best in NFL history in its effective guarantee structure and immediate full guarantees.
The Baltimore Ravens offered Lamar Jackson a deal with $175MM in total guarantees, including a $42MM injury guarantee that would have shifted to a full guarantee early in the contract and an additional $25MM that would have become guaranteed in Year 3 of the deal. However, the deal is no longer on the table, and no team has shown much interest in authorizing the monster guarantee he seeks. Jackson has played five seasons, and no resolution is in sight.