Contracts for Vols Drafted in 2023

#1
Tman44

Tman44

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#1
I was able to go to spotrac and find the contracts for the Vols taken in the NFL draft. Salaries are tied to draft positions. Here we go:
--------------------------Total Contract-------Signing Bonus------2023 Cap Hit
Darnell Wright----------$20,968,268----------$12,249,649----------$3,812,412
This is a 4 year contract with a 5th year option. The value of the option is based on Pro Bowl appearances. The range is around $10m - $20m for the fifth year.

Hendon Hooker--------$5,719,022--------$1,159,289--------$1,039,822
Jalin Hyatt--------------$5,625,314--------$1,091,137--------$1,022,784
Cedric Tillman----------$5,610,457--------$1,080,332--------$1,020,083
Byron Young------------$5,556,668--------$1,041,213--------$1,010,303

These are four year contracts. Undrafted Free Agents will be looking at being offered contacts at the league minimum of $750,000. UDFAs rarely get signing bonuses and must make the 53 man roster to have the contact honored. If they are cut, they become a free agent. They may sign with any team or any team's practice squad.
 
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#4
#4
Tman44 said:
I was able to go to spotrac and find the contracts for the Vols taken in the NFL draft. Salaries are tied to draft positions. Here we go:
--------------------------Total Contract-------Signing Bonus------2023 Cap Hit
Darnell Wright----------$20,968,268----------$12,249,649----------$3,812,412
This is a 4 year contract with a 5th year option. The value of the option is based on Pro Bowl appearances. The range is around $10m - $20m for the fifth year.

Hendon Hooker--------$5,719,022--------$1,159,289--------$1,039,822
Jalin Hyatt--------------$5,625,314--------$1,091,137--------$1,022,784
Cedric Tillman----------$5,610,457--------$1,080,332--------$1,020,083
Byron Young------------$5,556,668--------$1,041,213--------$1,010,303

These are four year contracts. Undrafted Free Agents will be looking at being offered contacts at the league minimum of $750,000. UDFAs rarely get signing bonuses and must make the 53 man roster to have the contact honored. If they are cut, they become a free agent. They may sign with any team or any team's practice squad.
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I don't understand the fascination with the contracts. You don't count Folk's pockets.
 
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#5
#5
VolDaddy61 said:
I don't understand the fascination with the contracts. You don't count Folk's pockets.
Click to expand...
I find the financials of professional sports, especially the NFL and it's hard salary cap, fascinating. We can watch what 31 billionaire owned teams, and the publicly owned Packers, do with the same financial constraints while competing against one another. Team owners can overspend at will within the structure of MLB and NBA but not in the NFL. For instance in MLB right now, the NY Mets top the league at a payroll of $346 M. On the other end of the spectrum you have the Oakland A's @ $59 M. The Tampa Bay Rays are the 3rd cheapest team @ $73 M and have the best record in the MLB, 23-6. That is special. Going back to the NFL, I love digging into the nuts and bolts of how the teams are financially constructed and operated. I also think most of the players come from places in life that weren't great and now have the opportunity to create generational wealth. I especially love to see our VFLs find success. Go Vols.
 
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#9
#9
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#10
#10
Tman44 said:
I was able to go to spotrac and find the contracts for the Vols taken in the NFL draft. Salaries are tied to draft positions. Here we go:
--------------------------Total Contract-------Signing Bonus------2023 Cap Hit
Darnell Wright----------$20,968,268----------$12,249,649----------$3,812,412
This is a 4 year contract with a 5th year option. The value of the option is based on Pro Bowl appearances. The range is around $10m - $20m for the fifth year.

Hendon Hooker--------$5,719,022--------$1,159,289--------$1,039,822
Jalin Hyatt--------------$5,625,314--------$1,091,137--------$1,022,784
Cedric Tillman----------$5,610,457--------$1,080,332--------$1,020,083
Byron Young------------$5,556,668--------$1,041,213--------$1,010,303

These are four year contracts. Undrafted Free Agents will be looking at being offered contacts at the league minimum of $750,000. UDFAs rarely get signing bonuses and must make the 53 man roster to have the contact honored. If they are cut, they become a free agent. They may sign with any team or any team's practice squad.
Click to expand...
no way id accept league minimum, id spit beech nut in someone's eye!!
 
#11
#11
CONGRATS TO EACH YOUNG MAN!

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#12
#12


I realize a lot of these contracts are just funny money but is there any way the details of Carvin's deal are true? He signed with KC as a preferred free agent, which always means more money, but I don't recall ever seeing a rookie free agent contract with incentives that could take the total value this high, let alone one for three years (not that I follow this kind of thing very closely). Good for him if so. I was surprised he wasn't drafted.
 
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#13
#13
AllVolBallYall said:


I realize a lot of these contracts are just funny money but is there any way the details of Carvin's deal are true? He signed with KC as a preferred free agent, which always means more money, but I don't recall ever seeing a rookie free agent contract with incentives that could take the total value this high, let alone one for three years (not that I follow this kind of thing very closely). Good for him if so. I was surprised he wasn't drafted.
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Great news for another VFL. Here is what I like about this. This deal is better than being drafted in 7th round. The money works out to basically the same as a late 7th round pick. Here are the upsides to signing PFA instead of being drafted in this situation. Carvin got to chose his location and offer. Instead of waiting 4 years to become a free agent, he will reach free agency in 3. This allows him to get to the big money of a second contract earlier. Carvin got $100k guaranteed. Later 7th round picks only get $77k.
 
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#14
#14
I recommend spending about 75% on wine, women, and song and heck you may as well just waste the rest.
 
#15
#15
Tman44 said:
I was able to go to spotrac and find the contracts for the Vols taken in the NFL draft. Salaries are tied to draft positions. Here we go:
--------------------------Total Contract-------Signing Bonus------2023 Cap Hit
Darnell Wright----------$20,968,268----------$12,249,649----------$3,812,412
This is a 4 year contract with a 5th year option. The value of the option is based on Pro Bowl appearances. The range is around $10m - $20m for the fifth year.

Hendon Hooker--------$5,719,022--------$1,159,289--------$1,039,822
Jalin Hyatt--------------$5,625,314--------$1,091,137--------$1,022,784
Cedric Tillman----------$5,610,457--------$1,080,332--------$1,020,083
Byron Young------------$5,556,668--------$1,041,213--------$1,010,303

These are four year contracts. Undrafted Free Agents will be looking at being offered contacts at the league minimum of $750,000. UDFAs rarely get signing bonuses and must make the 53 man roster to have the contact honored. If they are cut, they become a free agent. They may sign with any team or any team's practice squad.
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Congratulations to the five draftees for making some good coin in their contracts.
 
#17
#17
Seems to me that if you're not a high draft pick (like 2nd round or better) then that PFA route is in a lot of ways better than being drafted in the lower rounds...

You make $750K minimum (not a bad chunk of change at all), you more or less get to cherry pick your spot which...if done right...gives you a higher chance to make the roster, and you only have to play 3 years instead of 4 to get to the big payoff
 
#19
#19
thunder5 said:
Seems to me that if you're not a high draft pick (like 2nd round or better) then that PFA route is in a lot of ways better than being drafted in the lower rounds...

You make $750K minimum (not a bad chunk of change at all), you more or less get to cherry pick your spot which...if done right...gives you a higher chance to make the roster, and you only have to play 3 years instead of 4 to get to the big payoff
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750K is not a bad chunk. But...That is paid over the 16 game season. Then you have to file taxes in each state you played a game in. Plus money management fees to the accountants, plus budget net income over 12 months, while paying rent/mortgage in at least 2 locations. Your home town where the family lives, and an apartment where your team is located. I doubt there is much change left over unless/until you perform well enough to knock down a good contract. Prob a good portion of league minimum players seek off-season income elsewhere.
 
#20
#20
With a son who plans on playing in the NFL, I don’t see why discussing contract terms would be anything but helpful and insightful. And particularly given what the league makes in total off these guys, I think it’s pertinent info. I wish we had similar transparency around other areas too, like what educators are making versus the millions that school districts are bringing in each year, but that’s a convo for another day.
 
#22
#22
Tman44 said:
I find the financials of professional sports, especially the NFL and it's hard salary cap, fascinating. We can watch what 31 billionaire owned teams, and the publicly owned Packers, do with the same financial constraints while competing against one another. Team owners can overspend at will within the structure of MLB and NBA but not in the NFL. For instance in MLB right now, the NY Mets top the league at a payroll of $346 M. On the other end of the spectrum you have the Oakland A's @ $59 M. The Tampa Bay Rays are the 3rd cheapest team @ $73 M and have the best record in the MLB, 23-6. That is special. Going back to the NFL, I love digging into the nuts and bolts of how the teams are financially constructed and operated. I also think most of the players come from places in life that weren't great and now have the opportunity to create generational wealth. I especially love to see our VFLs find success. Go Vols.
Click to expand...


NFL players are well paid--but extremely underpaid compared to MLB and NBA players. For one thing, their contracts are not fully guaranteed--as are all MLB contracts and, I believe, most NBA contracts. NBA contracts are quite outrageous--and MLB contracts for established players are extremely lucrative as well. Also, of course, NBA and MLB players tend to have longer careers than NFL players. In the NFL, if you're lucky enought to get that nice 2nd contract, you likely to be cut a few short years later as management decides they can find near replacement value for a lot less money.
 
#25
#25
VolGirl05 said:
With a son who plans on playing in the NFL, I don’t see why discussing contract terms would be anything but helpful and insightful. And particularly given what the league makes in total off these guys, I think it’s pertinent info. I wish we had similar transparency around other areas too, like what educators are making versus the millions that school districts are bringing in each year, but that’s a convo for another day.
Click to expand...
Would You want Your Son's financial affairs being discussed in a public forum by perfect strangers ?! I would hope not.
 
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