News from PFT:
Davante Adams Overpaid.
Davante Adams isn’t playing this week, and the Packers aren’t playing for anything. But they’re not playing around.
According to Adam Schefter of ESPN, the Packers are giving the young wide receiver a long-term contract extension which will be worth around $14 million a year.
The deal will reportedly be for four or five years, and represents a huge investment for the future for a team that has generally taken care of its own receivers.
Adams is out this week with a concussion, but caught 74 passes for 885 yards and 10 touchdowns this year, impressive since that was partially without Aaron Rodgers.
The former second-round pick would have been a free agent, and would have been a sought-after target, if the Packers had let him get to the market.
Gruden Gets More Money Than Jesus
R8R Rubs One Out
Jon Gruden hasn’t coached in nine years. Over the final six years of his career, he lost six more games than he won, at 45-51.
And yet he’ll make $100 million over the next 10 years.
Without knowing how much of the deal is guaranteed, it’s impossible to know whether it’s a firm $100 million. It benefits both sides to create the impression that Gruden is committed to the team, and the team is committed to him, for as long as John Madden coached the team.
It also benefits other coaches to generate the impression that Gruden is making $10 million per year, even if the reality is that the deal is backloaded with non-guaranteed money that drives up the average payout in the guaranteed years. A decade ago, it seemed inevitable that the going rate for accomplished coaches would soar past $10 million per year. Gruden’s deal will give other coaches a basis for arguing for more than whatever has been offered — especially if those coaches have a winning record and/or more than one Super Bowl appearance.
Really, if Gruden is worth $10 million per year (assuming that’s the real number), how much is Bill Belichick worth? Would it be $20 million? More?
Apart from those who’d be worth more than Gruden, having him at $10 million per year (assuming that’s the real number) should helped coaches with less experience. Which comes in handy as five other jobs soon will be filled.
Given that the Gruden details undoubtedly will be used to help other coaches in their own talks, don’t be shocked if more details emerge about Gruden’s actual deal, given that it will benefit other teams for the truth to come out — if the truth is that someone is puffing the numbers in order to make the Gruden contract look better than it is.
Ted Thompson sucks.
The Packers have made it official: Ted Thompson has been pushed out as General Manager and kicked upstairs to another job within the organization.
Although the team’s official announcement called it a “transition to a role as senior advisor to football operations,” Thompson is reportedly being pushed out at the behest of the Packers’ board of directors.
“It’s been a great honor to serve as the Green Bay Packers’ general manager for the past 13 years,” Thompson said in a statement. “This is a special place and we’ve had some success along the way.”
The Packers are now in the process of searching for a new G.M., who will be hired by team President/CEO Mark Murphy.