Gumby
In the Starting Line-Up
- Joined
- Oct 4, 2004
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I wouldn't categorize that structure as a poison pill, the contract is definitely front loaded, but it's not a poison pill. A poison pill would be something like if there was a provision in the contract that the entire contract becomes guaranteed if Clay plays more than 4 games a year in Miami...usually poison pills are only meant to prevent the other team from matching, without affecting the drafter of the contract with a poison pill provision.
Regardless, there is nothing smart about paying an average/above average TE anywhere close to $8mil/yr. Clay is a $5 mil/yr at best.
"True" Poison pill contract-provisions are illegal (since the curtis martin saga). But this is about as close as you can legally get to one. They are taking advantage of Phish's bad cap position to get what they want (the same way Jesters did to us).
That doesnt mean either decision of "what they want" is a GOOD long-term decision. .... In both cases, I think Jills and Jesters set themselves up for problems down the road. But you never know, someone out there has to hit the lottery eventually.