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More Plax News

With the stunning news of Plaxico Burress being released, a ton of reports are being released. This one, from Matt Mosely and ESPN, states that the G-Men offered Plax an incentive-laden contract for 2009, and could regain the money lost from 2008. 

Sources close to the situation told ESPN’s Jeremy Schaap the Giants last week offered Burress a contract for this season that would have enabled him to recoup during the 2009 season the money he lost from the 2008 season.

The deal would have been weighed heavily with incentives, rewarding performance on the field, and given him a fair chance to make back all the lost money during time he might have been going to trial in New York. But he turned it down against advice of advisors, the sources said. When asked by Schaap, a Giants source would not deny it.

Along the contract line, Mike Garafolo of the Newark Star-Ledger gives details on the proposed to  grievance deal the Giants prepared were to give Burress, which Mark mentioned earlier:

Well, I’ve gotten the details of the offer and it turns out it was a pretty sweet deal for Burress. And the fact that he turned it down shows you how much he really didn’t want to be a Giant anymore.

According to someone familiar with the negotiations, the team offered Burress the chance to earn all of the money that was written into his contract from here on out. All he had to do was end his fight for the money he forfeited over the last four weeks of last season (base salary, roster bonus and signing bonus) during which he was suspended for “conduct detrimental to the team” and start playing by their rules.

It’s unclear if the full $1 million signing bonus payment the Giants withheld would have been considered part of the defaulted money or if the team would have held on to only the prorated portion for the four weeks he was suspended (a little more than $200,000) and paid him the rest.

But what is clear, according to the people familiar with the team’s offer, is the Giants would have allowed Burress the opportunity to earn the remaining four years on his deal: $11.5 million in base salaries, $3.5 million in reporting bonuses (which are actually behavioral clauses), $8.2 million in roster bonuses, $5 million in escalators and $1.3 million in workout bonuses. That’s a grand total of $29.5 million that was out there to be earned.

The Giants would have packaged the deal in the form of a new contract and there might have been a penny lost or gained here and there. But they were willing to work with him and give him the chance to make roughly what he could have earned over the next four years if he hadn’t blown a hole in his leg last November.

But Burress said no. Again, he didn’t feel like he owed the team anything. Nor did he want to wear a Giants uniform ever again.

The real question for Burress at this point is whether he believes he can get anywhere near that kind of money over the next four years from another team – provided his legal situation works out, of course.

It truly looks like Plax didn’t want to be a member of the Giants. It’s a stunning turn of events. He went from catching the game winning pass in the Super Bowl, to being released a little over a year later. Amazing.

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One Response to “More Plax News”

  1. Kenny says:

    I think that it was a very dumb move on Burress part to turn down the offer I like him playing on my Giants now I have to worry if there gonna replace him with a big name reciever or not cause in the 4 games Burress missed they didn’t use anyone on the roster to take his place witch was foolish cause I think Hixon has what it takes to be a better reciever than Burress was so I hope they bring in a big name like Boldin or Johnson or maybe even Holt seeing as they don’t want to use Hixon as a #1 reciever

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