Tagged in: salary

New York Giants release James Bradberry after failing to find trade partner for CB

The New York Giants released cornerback James Bradberry on Monday to save about $10.1 million against the salary cap this season.

New general manager Joe Schoen was seeking to trade Bradberry since before free agency in March but couldn’t find anything that worked for all parties involved. Schoen acknowledged last week he was surprised there wasn’t more interest in the team’s No. 1 cornerback.

“Yeah, I was,” he stated Wednesday on WFAN Sports Radio. “I thought there would be more interest. There were some teams that showed interest pre-draft, and we had a couple different times there were compensation in place and the contract never worked out. Being the fact that we did have good talks with the other teams and their agents had good talks with teams, sometimes if you’re going to renegotiate a contract and couldn’t come to an agreement, it is what it is.”

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The move for the Giants was more about the money than an indictment on the player.

Bradberry, 28, was set to make $13.5 million this season and would have counted as $21.9 million on the team’s salary cap. His release leaves the Giants thin at cornerback, where the oft-injured Adoree’ Jackson is the only veteran with significant starting experience.

The Giants needed the savings to sign their draft class and operate throughout the season. They were just $6 million under the cap as of last week, according to the Roster Management System.

Bradberry had $2 million of his $13.4 million base salary guaranteed at the start of the league year.

“Listen, he’s a starting corner in the league,” Schoen told WFAN last week. “It’s just where we are financially. We still got to sign our draft picks, be able to sign our practice squad and have replacement costs for during the season.”

Despite the move, the Giants still have to eat almost $10 million in dead money against the cap. That leaves them with close to $30 million in dead money for this upcoming season, fifth-most in the NFL.

The Giants also lost one of their most productive players. Bradberry was one of just five players on the roster to make a Pro Bowl in their career. He was their top cornerback last season and made the Pro Bowl in his first year with the Giants in 2020, when he had a career-best 79.8 Pro Football Focus grade.

He has been in the 60s in every other year of his career. The veteran cornerback had a career high with four interceptions and recovered a pair of fumbles this past campaign.

Bradberry, who went to Samford, spent the first four years of his career with the Carolina Panthers. The Giants signed him as a free agent in the 2020 offseason to a deal worth $43.5 million over three years.

He was entering the final year of that deal, which made it more difficult to trade him as a one-year rental, unless there was a new deal worked out. He has played in 92 career games (91 starts) for the Giants and Panthers.

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Cleveland Browns make Denzel Ward NFL’s top-paid CB with five-year, $100.5 million extension

The Cleveland Browns are signing Pro Bowl cornerback Denzel Ward to a five-year, $100.5 million contract extension that includes $71.25 million guaranteed, Tory Dandy of CAA Sports, who negotiated the contract, told ESPN’s Adam Schefter.

At age 24, Ward is now the highest-paid cornerback in NFL history. The $20.1 million average annual salary puts him ahead of Jalen Ramsey, who had been the highest-paid cornerback at $20 million per campaign on the deal he signed with the Los Angeles Rams in 2020.

Ramsey congratulated Ward on his new deal, tweeting: “I been waiting on somebody else to touch that 100 club & you DEFINITELY DESERVE IT @denzelward … congrats.” Ward is now under contract with the Browns for six more years, through the 2027 season. He is under contract for $13.294 million this season after the Browns exercised the fifth-year option on his contract last year.

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The Browns selected Ward fourth overall in 2018, the same draft the team selected quarterback Baker Mayfield No. 1 overall. Ward got a second contract from the Browns, but Mayfield and the franchise are headed for a separation after Cleveland traded for quarterback Deshaun Watson and signed him to a fully guaranteed five-year, $230 million extension.

The Browns have spent $340.5 million in guaranteed money on all contracts this offseason, the most in the NFL, according to ESPN Stats & Information.

That involves extensions, not only the money given to free agents, and $301.25 million of that total was given to Watson and Ward.

Ward tweeted thanks to the Browns “for continuing to believe in the home grown kid and allowing me to represent this organization and city of Cleveland where I’m from.” He also thanked Dandy for the work he put in to finalize the deal.

Ward has been selected to two Pro Bowls in his first four seasons — his rookie year in 2018 and in 2021. He has 10 interceptions, returning two for touchdowns, and 50 passes defended in 52 games.

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Los Angeles Dodgers add reliever Dellin Betances on minor league deal

The Los Angeles Dodgers, looking to deepen their pitching staff with low-risk, high-reward signings, have agreed to a minor league contract with four-time All-Star Dellin Betances, a source confirmed to ESPN on Tuesday.

Betances, 34, can earn a prorated portion of a $2.75 million base salary if he reaches the major leagues, with an additional $500,000 in performance bonuses, according to the New York Post.

Betances was one of the sport’s most dominant relievers while with the New York Yankees from 2014 to 2018, posting a 2.22 ERA with 607 strikeouts in 373⅓ innings. But the 6-foot-8, 265-pound right-hander has made only 17 appearances over the past three years, and there’s no set timetable for his return to the major leagues.

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Betances has been off a mound this offseason, but the Dodgers need a longer look to determine how far he is from tapping back into some of his prime form.

Betances spent the first 5½ months of the 2019 campaign rehabbing a right shoulder impingement and a strained lat, then returned on Sept. 15 and tore his left Achilles tendon on his eighth pitch, ending his season for good.

He then struggled through a 7.71 ERA in 11⅔ innings with the New York Mets during the COVID-shortened 2020 season and made only one major league appearance in 2021, opting for season-ending shoulder surgery at the end of June.

Betances joins a handful of rehabbing pitchers who might evolve into major contributors in the Dodgers’ bullpen later this season, involving Danny Duffy and Dustin May, traditional starting pitchers who probably won’t be stretched out enough to reenter the rotation in 2022.

The Dodgers also employ Tommy Kahnle, who is nearing his return from Tommy John surgery, and have re-signed Jimmy Nelson, who will spend most of this campaign recovering from Tommy John surgery but could factor into the mix in 2023.

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New York Giants release tight end Kyle Rudolph, running back Devontae Booker

The New York Giants have releasing veteran tight end Kyle Rudolph and running back Devontae Booker, the team revealed Wednesday.

“Certainly not the year any of us expected, but a year we will never forget,” Rudolph wrote earlier Wednesday in social media posts. “… Thanks to everyone in the building who took in and helped this old guy who needed to relearn everything about a new organization.”

Rudolph texted ESPN’s Adam Schefter that he is not retiring and intends to play next season. Rudolph, 32, had just 26 catches for 257 yards with a touchdown in his only year with the Giants.

It was one of the least productive seasons of an accomplished career in which he made two Pro Bowls with the Minnesota Vikings in 2012 and ’17.

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His release was a rather easy decision for the Giants and a new regime led by general manager Joe Schoen, who stated Tuesday the team would have to make “tough” decisions to reach his goal of cutting $40 million off the salary cap.

Rudolph was arranged to count $7.4 million against the cap this year. The Giants save $5 million with the move, even if it includes $2.4 million in dead money.

By releasing Booker, who averaged 4.1 yards per carry last season, the Giants will save an additional $2 million.

New York will need to address the tight end position in free agency and/or the draft. Starter Evan Engram also is scheduled to be a free agent.

The signing of Rudolph was questionable from the start by former general manager Dave Gettleman. After agreeing to terms on a two-year deal worth $12 million last offseason, it was discovered that Rudolph would need surgery on a foot injury that limited him the previous season.

The Giants, however, decided to honor the contract and Rudolph missed the entire spring and most of the summer. He never really hit his stride in New York as it appeared he lost a step while struggling to create separation — averaging just 2.9 yards per separation, per NextGen Stats. He averaged 4.0 yards and 3.4 yards of separation in the two previous seasons.

Rudolph, who went to Notre Dame, had spent the previous 10 seasons with the Vikings. Only his rookie season and 2014 — when he missed almost half the year with injuries — was he less productive than this past season.

He has 479 catches for 4,745 yards and 49 touchdowns in his professional career.

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New York Yankees acquire All-Star first baseman Anthony Rizzo from Chicago Cubs

The New York Yankees obtained All-Star first baseman Anthony Rizzo from the Chicago Cubs on Thursday, it was revealed.

Right-handed pitcher Alexander Vizcaino and outfielder Kevin Alcantara, both minor leaguers, will head from New York to Chicago in the trade.

The Yankees also announced they acquired cash considerations from the Cubs but didn’t specify the amount. A source told ESPN’s Jesse Rogers that it is $5.5 million, which is the remaining balance of Rizzo’s $16.5 million salary this season.

Rizzo wasn’t in the lineup for the Cubs’ series finale versus the Cincinnati Reds on Thursday. The three-time All-Star is batting .248 with 14 home runs and 40 RBIs in 92 games this season.

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Rizzo, who will turn 32 on Aug. 8, can become a free agent after the season.

He has spent the past 10 seasons with Chicago. The slugger went over in a trade with the San Diego Padres in 2012 and is considered one of the iconic Cubs after helping break a 108-year championship drought in 2016.

The move to get Rizzo comes after New York also got All-Star outfielder Joey Gallo from the Texas Rangers. Both Rizzo and Gallo are left-handed hitters, which the Yankees had sought to add to a lineup that was predominantly right-handed — not a good mix at Yankee Stadium with its short porch in right field.

New York started the day fourth in the American League wild-card chase for two spots and then lost 14-0 at Tampa Bay. The Yankees had been using a mix at first base this year with DJ LeMahieu getting a lot of time. 

Luke Voit led the majors in home runs last year during the pandemic-shortened season, but the big first baseman has been injured for much of the year.

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Lionel Messi agrees Barcelona contract, accepts significant wage cut

Lionel Messi and Barcelona have reached an agreement for the forward to sign a new five-year deal with the Catalan club, sources have confirmed to ESPN. Sources added that Messi has accepted a significant wage cut to prolong his stay.

Messi was a free agent after his contract at Barca expired, and he had courted interest from Paris Saint-Germain and Manchester City since first revealing a desire to end his 20-year relationship with Barca last summer. The 34-year-old’s previous contract, which was worth over €500 million ($594m) over four years, expired at the stroke of midnight on June 30.

However, with the return of Joan Laporta as president in March, Messi grew more open to staying at Camp Nou. An official announcement is expected in the coming days. Laporta had hoped to finalize an agreement before Messi’s previous terms expired. Barca’s financial problems made that impossible, though, with their gross debt over €1 billion. Cutbacks have been essential, in terms of transferring players out, reducing the wage bill and getting Messi to accept a lower salary.

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La Liga president Javier Tebas has warned Barca they will not be permitted to register Messi’s new deal if they are unable to reduce spending to comply with the league’s Financial Fair Play rules. Barca’s spending limit has been reduced from over €600m to €347m since the coronavirus pandemic, with further reductions expected to be imposed for the upcoming season.

Therefore, to register Messi’s new deal, in addition to new signings Sergio Aguero, Memphis Depay, Eric Garcia and Emerson Royal, Barca need to continue reducing the wage bill and moving players on. With that in mind, sources at the club refuse to rule out the departure of Antoine Griezmann, a €120m signing in 2019.

Messi is on holiday with his family after his Copa America triumph with Argentina last weekend, which was his first senior trophy with his national team.

He will link up with Ronald Koeman’s squad later in the summer, with Barca’s league campaign kicking off on Aug. 15 versus Real Sociedad at Camp Nou.

Messi had first expressed a desire to leave Barca last August after the 8-2 defeat to Bayern Munich in the Champions League. His relationship with then-president Josep Maria Bartomeu had reached a breaking point.

In a September 2020 interview with Goal, after Barca had blocked his departure, Messi called Bartomeu a “liar” and said the board had been “making things up as they go along” and “plugging holes” for years.

Bartomeu, facing a vote of no confidence, resigned last October and was ultimately replaced by Laporta in March. Laporta has a good relationship with Messi and his family. He was Barca’s president when Messi made his first-team debut and when he signed his first professional contract with the club.

Sources told ESPN in April that Laporta was working on a contract renewal for Messi that included the option of playing in Major League Soccer before returning to Barcelona.

In public and in private, Laporta had always maintained that he was “convinced” he could persuade Messi to stay. The club have already made a series of signings this summer, bringing in Sergio Aguero, Memphis Depay and Eric Garcia, as well as recalling Emerson Royal.

Messi first joined Barca’s academy in 2000 and has gone on to play 778 games for the club, breaking Xavi Hernandez’s appearance record last season. He has scored 672 goals, another club record, and has helped Barca win, among other trophies, 10 La Liga titles and the Champions League on four occasions.

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QB Trevor Lawrence signs $36.8 million rookie contract with Jacksonville Jaguars

Jaguars quarterback and No. 1 overall pick Trevor Lawrence signed his four-year rookie contract Monday, clearing the way for him to attend the start of training camp in three weeks.

Under the NFL’s rookie slotting system, Lawrence’s deal was projected to be worth $36.8 million and included a $24.1 million signing bonus. He will count $6.7 million against the salary cap in 2021.

The contract also incorporates a fifth-year option that is attached to every rookie deal for first-round selections.

A source told ESPN’s Adam Schefter that details of the contract includes: Lawrence’s signing bonus will be paid within 15 days and the quarterback is deemed to have passed his physical for signing bonus purposes.

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There is no offset language in the contract, meaning that he would still receive the full amount of guaranteed money left in his contract even if he were to be released and sign with another team.

The majority of Lawrence’s compensation will come in his roster bonuses in 2022, 2023 and 2024.

He will earn that bonus if he is on the 90-man roster on the third day after the mandatory reporting date.

Lawrence will earn his roster bonus even if he is on the active non-football injury list.

With Lawrence under contract, Jacksonville has now signed six of its nine draft picks. Running back Travis Etienne (first round), cornerback Tyson Campbell (second) and offensive tackle Walker Little (second) remains unsigned.

Lawrence is anticipated to be an immediate starter in Year 1. He went 34-2 at Clemson, recording the third-best winning percentage by a starting quarterback (minimum 30 starts) in college football since 1978.

He finished his college career undefeated in regular-season play and led the Tigers to the national championship as a freshman in 2018.

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Detroit Pistons, Blake Griffin agree to contract buyout

Six-time NBA All-Star Blake Griffin has agreed to a contract buyout with the Detroit Pistons and will become an unrestricted free agent, the team revealed Friday.

The Brooklyn Nets, Golden State Warriors, Miami Heat and Portland Trail Blazers are expected to be among the teams Griffin will be considering for his next stop, sources tell ESPN.

Griffin, 31, is expected to make a decision on his next team after conversations with prospective teams, sources said.

“Blake has been a great representative for our franchise and for the city of Detroit,” owner Tom Gores said in a statement Friday. “His work ethic and his approach to the game contributed a lot to our culture. He has been a consummate pro and we wish him continued success.

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“I’m grateful for everything he did for our team and for our community.”

Finding a trade for Griffin — who was owed a remaining $36.6 million this campaign and $39 million in 2021-22 prior to the buyout — was an insurmountable challenge for the Pistons.

Detroit concluded a reduction in his remaining salary to gain free agency with Griffin’s agent, Sam Goldfeder of Excel Sports, since the sides mutually agreed he would leave the active roster on Feb. 15 awaiting a trade or buyout.

“I thank the Pistons organization for working together on an outcome that benefits all involved and I wish the franchise success in the future,” Griffin said in a statement released by the team.

Detroit has entered a full-fledged rebuild under first-year general manager Troy Weaver, and the chance to play the franchise’s younger players has taken precedence for the Pistons.

Injuries have dramatically altered Griffin’s game, eliminating the high-flying rim attacks that marked his All-Star career. He’s averaging 12.3 points, 5.2 rebounds and 3.9 assists for Detroit this season.

Griffin was traded less than a season into a five-year, $171 million max deal with the LA Clippers, arriving in Detroit in late January 2018.

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Detroit Lions dealing Matthew Stafford to Los Angeles Rams for Jared Goff

In the world of sports, a blockbuster trade can strike at any time and that’s precisely what happened when the Detroit Lions agreed to deal franchise quarterback Matthew Stafford to the Los Angeles Rams for Jared Goff and three future NFL draft picks, as confirmed by CBS Sports’ Jason La Canfora.

After the dust settled, the Rams sent Goff, their 2021 third-round pick, their 2022 first-round pick and their 2023 first-round pick to the Lions for Stafford. 

It didn’t take long for first-year Lions general manager Brad Holmes to make a big splash. Holmes came to Detroit from Los Angeles where he was the director of college scouting with the Rams from 2013-2020 — so it’s safe to say he an excellent idea about what the Lions will be getting in return with Goff as their new quarterback.

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This trade also brings a significant financial impact from a salary cap standpoint.

Per NFL Network’s Tom Pelissero, the Rams will inherit the two years, $43 million remaining on Matthew Stafford’s contract.

The Lions will inherit four years, $106.6M remaining on Jared Goff’s contract. The Rams will carry a $22.2M dead cap hit in 2021 after trading Goff and the Lions will carry a $17.8 million dead cap hit in 2021.

Earlier this week, Rams general manager Les Snead did not provide a public vote of confidence for Goff when asked multiple times about the quarterback’s future with the Rams.

“Moving on from Jared Goff, that’s … the money we’ve invested in him, that’s not easy to overcome,” said Snead, who added later that “anything can be done” in a cap-based system.

The Lions will face the Rams next season at SoFi Stadium.

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New York Mets acquire Francisco Lindor, Carlos Carrasco from Cleveland Indians

Francisco Lindor is moving to a new city and team that is willing to meet his salary demands.

The four-time All-Star shortstop — and one of baseball’s best all-around players — was traded Thursday by the Cleveland Indians along with pitcher Carlos Carrasco to the New York Mets, who have a new owner willing to spend at baseball’s highest levels.

“They did not come cheaply,” Mets president Sandy Alderson stated. “What we’re trying to do is create a new reality rather than deal with perception.”

The cash-strapped Indians sent Lindor and Carrasco to the Mets for infielders Andres Gimenez and Amed Rosario, right-hander Josh Wolf and outfielder Isaiah Greene — a move Cleveland hopes will keep it competitive and capable of ending baseball’s longest World Series title drought.

Dealing Lindor, who will be eligible for free agency after the 2021 season, was inevitable for the midmarket Indians, who are unable to compete financially with MLB’s big spenders and dropped roughly $30 million in dealing two prominent players and fan favorites.

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“These are people we care about, not just players, and guys that loved the organization and have great memories here,” said Indians president of baseball operations Chris Antonetti, who said he was in tears when he spoke with Lindor and Carrasco. “Trades like this are really tough. But it’s the right thing to do.”

For the Mets, landing Lindor is a home run and another major move by hedge fund owner Steven Cohen, who bought the team on Nov. 6 from the Wilpon and Katz families and has pledged to increase spending.

The 27-year-old Lindor can affect the game with his bat, glove and legs.

A two-time Gold Glove winner, he’s a career .285 hitter and has averaged 29 homers, 86 RBIs and 21 steals in his six major league seasons — all with the Indians, who drafted him in 2011 and developed him.

He has also been the face of the Indians franchise, with an infectious smile and joy for playing that has made him one of Cleveland’s most popular athletes. But he’s gone now, leaving the Indians without their best player and the team’s fans grumbling about owner Paul Dolan.

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