The New York Jets and Geno Smith signed their deal yesterday. The deal has unconventional aspect of it, nearly $700,000 in 2015 and 2016 has been linked to his offseason workouts. Which forces him to attend voluntary workouts and offseason programs.
Agents will use that to dissuade potential clients from going with Jay Z. Most agents only make the required minimum what their clients need to do in order to collect a pay day.
One high-level executive thinks Jay Z might be on to something.
“I have wondered for years why more agents don’t do what Smith just did,” the source said, via Pro Football Talk. “Great for cash flow if you were going to workouts anyway, and every quarterback does. Also, if you are getting cut you have a bunch of money in your pocket before you go to camp. It would be great for established agents to explain why they aren’t using this structure.”
Makes sense to me. You hear the stories of how athletes struggle to keep up with their finances during the offseason, making some money during the offseason would be ok. And to have earned the money before potentially being cut is another brilliant little tactic from Geno’s team.