Terms Of Rosevelt Colvin's Contract Released

by Tim on Jun 18, 2008 2:15 PM CDT in News Comment 10 comments

Thanks to John McClain's latest blog entry, we now know the terms of the three (3) year deal Rosevelt Colvin inked with your Houston Texans. And they are:

In 2008, Colvin gets a base salary of $1 million, of which $500,000 is guaranteed. He also gets a roster bonus of $343,750.

In 2009, Colvin gets a base salary of $3 million, of which $500,000 is guaranteed. He also gets a roster bonus of $343,750.

In 2010, Colvin gets a base salary of $3.5 million, with no guarantee. He gets a roster bonus of $343,000.

So, if Colvin plays well for the Texans and stays on the team for three seasons, and his contract isn't restructured, his total deal is three years, $8.529 million if I've added correctly. Only $1 million is guaranteed, though.

I LOVE this contract. Very little guaranteed money throughout the deal for a potential pass-rushing bookend for Super Mario, and only $500,000.00 guaranteed in Year One. In other words, if Colvin doesn't work out come training camp, the team can part ways with him without having to take a Casserly-esque cap hit. Looks like another excellent signing by Rick Smith, who is quickly becoming one of the most shrewd executives around. What say you, BRB?

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Schweeeet

That is how all contracts should look, low guarantee, high performance incentive.

by 1Texan on Jun 18, 2008 2:21 PM CDT reply actions 1 recs

Yep

My thoughts exactly….....well, that and Scotchy Scotch Scotch

So you're saying that now I have to think of some witty Sig that will be applicable across all the SBN sites? Go Texan Horn Stros!

by Shake on Jun 18, 2008 8:07 PM CDT up reply actions 0 recs

random thoughts

does Colvin last until 2010 on the Texans roster?

i’m curious why his deal took so long to do.

any escalators or other incentive?

what was Indy offering? lower than this?

by marroncito on Jun 18, 2008 3:57 PM CDT reply actions 0 recs

Re: random thoughts

1. Tough to say, but I’d guess as the team improves over the next few years, it’ll be tougher and tougher for him to stick.
2. My guess is that Colvin was letting the teams bid for his services and playing them against each other, until it became clear that he had every interested party’s best offer.
3. No idea; all I know about the contract is via McClain’s post.
4. According to the Indy Star, the Colts were offering less than the Texans (tip o’ the cap to BBS via this post).

Looking forward to a day when being a Texans fan doesn't mean that April is the highlight of my season...

by Tim on Jun 18, 2008 4:04 PM CDT up reply actions 0 recs

random answers

On 2010 – I’m not sure that he will, but that year is not guaranteed… The way I read that is like a club option.

On why it took so long – I guess he was using his veteran savy to find the right fit for him and his family.

Escalators – you got me- ?

Indy’s offer – The only thing I can figure is that there wasn’t another team willing to guarantee him money past this season. Again that’s pure speculation.

Again – Bravo on the signing. Makes you wish there Greens contract was cut in a similar fashion.

Got Texans? Visit BattleRedBlog.com for the latest on your Houston Texans!

by SOLIS on Jun 18, 2008 4:04 PM CDT up reply actions 0 recs

I am a changed man

I have seen the mountain and it is good.

If McClain was right on about the particulars of the deal – then this is a tremendous signing. If I read that correctly, he is only guaranteed a measly 1 mil over three seasons.

I have seen the light.

Got Texans? Visit BattleRedBlog.com for the latest on your Houston Texans!

by SOLIS on Jun 18, 2008 3:59 PM CDT reply actions 0 recs

Great deal negotiated by Smith

If Colvin stays healthy and contribtes some sacks, Smith already has a leg up for exec of the year.

McClain did not explain how he gets the remaining $500,000 in ‘08 and the remaining 2.5 mil in ‘09. I assume if he stays healthy and plays that is it. There was no mention of incentive clauses. At any rate is is an excellent low-risk deal. In the unlikely event that Colvin cannot make the team, then we have lost just $500,000 this year. In todays economics, that is practically nothing.

Score one more for Smith.

GO TEXANS!!!!!!!!!!!!

by oiler-texan diehard on Jun 18, 2008 6:25 PM CDT up reply actions 0 recs

I can’t really see any downside with this at all. Kudos to Smith.

by tehGrindCrusher on Jun 18, 2008 4:06 PM CDT reply actions 0 recs

YES

No downside seen here. This is a perfect opportunity for Colvin to prove that he’s not washed up, and if he is washed up, the Texans aren’t going to get bent over the table on it.

I think this guy likes the opportunity to prove he can do something with Williams and Okoye on the line with him.

by b0ng on Jun 21, 2008 10:34 AM CDT reply actions 0 recs