The Miami Dolphins won big today by getting third-overall pick Dion Jordan signed in time for the first practice of the season.
On the surface, Jordan’s deal looks fairly straightforward. It’s a four-year, $20.5 million contract with a $13.3 million signing bonus–figures that were somewhat predetermined given the NFL’s rookie wage scale.
But the Dolphins demanded offset language that could help them recoup some of Jordan’s deal if he’s cut before it expires and signs with another team, essentially fine print that would help lessen the ramifications if the player turns out to be a complete bust. The Jordan camp, however, didn’t want to lose out on guaranteed money.
Thus, a stalemate.
But a compromise was in the works. In exchange for agreeing to a contract that includes offset language, the Dolphins front-loaded Jordan’s signing bonus, meaning he’ll be paid $13.3 million over the next few months. Miami will also shift Jordan’s base salaries in future seasons to training-camp roster bonuses.
Now, if Jordan turns out to be a huge disappointment and the Dolphins are forced to cut him, both the player and the club will have some protections. Jordan will make a considerable amount of money in 2013-14, so even if he’s cut he’ll have already pocketed a good portion of his contract. And the Dolphins, having won the battle for offset language, can recover some of the deal if worst comes to worst.
Long story short, great job by both parties to find a solution.
For Jordan, it’s finally time to relinquish financial concerns and focus on football. According to Andrew Abramson of the Palm Beach Post, Jordan is fully recovered from offseason shoulder surgery and it’ll be up to the coaching staff to decide if he’ll be limited at tomorrow’s workout.
Jordan could use every rep if he’s going to be in the starting lineup come Week 1 in Cleveland.