Tag Archives: sports contracts

Trying to understand these sports contracts

A whole lot of things go way over my noggin, especially if they involve large amounts of money.

Such as sports contracts signed by highly paid athletes. One of them, Dallas Cowboys running back Ezekiel Elliott, is “holding out” and not participating in the NFL team’s preparation for the upcoming season. He’s reportedly in Mexico somewhere, working out on his own, presumably getting in game shape.

So, what don’t I understand?

Elliott signed a contract. I understand there’s still some time left on that contract, which means — I think! — that he agreed when he signed it to fulfill the terms of that contract. That means he agreed to accept the large amounts of money he gets paid to play football.

Now he says he wants even more money. Elliott believes, I presume, that the millions of bucks he gets to play football aren’t sufficient. I understand he’s getting a lot of love and support from his teammates and rivals. They say he is simply looking out for his family. Got it!

Are these athletes exempt from adhering to the terms of the contracts they sign? Are they able to walk away from their jobs, hold out for more money while still getting paid the handsome sums they earn already?

The Cowboys’ management is holding firm.

If I were on the negotiating team I might be inclined to offer this notion: Zeke, come back and play hard, roll up some big rushing stats, lead the team to the Super Bowl and when your contract is set to expire, we can find a way to give you the raise we believe you will have earned.