[CBFF] They finally extended Lovie!!!

[Kenny Claxton]

He received a 2 or 3 million (too tired to look it up) dollar bonus for this
year in addition to his salary.

On 3/1/07, Tom Shannon <tshanno at gmail.com> wrote:
>
>
>
> > -----Original Message-----
> > From: cbff-bounces at chicagobearsfanforum.com [mailto:cbff-
> > bounces at chicagobearsfanforum.com] On Behalf Of westmalle at comcast.net
> > Sent: Wednesday, February 28, 2007 8:44 PM
> > To: post at chicagobearsfanforum.com
> > Subject: Re: [CBFF] They finally extended Lovie!!!
> >
> > Comcast Sportsnet's half-time show of the Bulls game just reported that
> > Lovie's deal is 4 years, $22.4 million.
> >
> > Looks like the Bears blinked first.
>
> Tough call, there.
>
> I'm not sure I understood it right.  At one point I thought I read that
> Smith stays at the same salary and honors the old contract next year.  At
> another I thought I read that the Bears kept him gave him a smallish raise
> which put him in the top half of the league but not the top ten next year.
> Either way they save money next year.  The 4 years after that, coaches
> salaries will have escalated more and, even though the value of the deal
> puts him in the top 10 today, by then it very well might not.  As Philips
> continually pointed out, when Smith signed his original deal it was fair
> market value.
>
> I guess what I'm saying here is, at minimum, it was a fair deal.  But if I
> had to choose one side that "won", I'm inclined to think that the Bears
> are
> getting a top ten coach for what will turn out to be less money than that.
>
> Tom S.
>
>
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