The Kansas City Chiefs have signed Eric Fisher and Pro Football Talk is reporting some of the details of his deal.
Per a league source with knowledge of the deal, Eric Fisher will receiver $10 million in the next five days from the Chiefs under the contract he signed within the past hour.
(Only George Clooney can get that kind of money faster than that.)
Not many teams have a habit of turning over that much cash that quickly. Sure, players “earn” their signing bonuses upon signing the contracts. But it’s one thing to sign the paper and quite another thing to collect it.
The $10 million to be paid in five days is part of a $14.518 million signing bonus. The rest of the money will be paid in full by February 15, 2014.
Fisher also has minimum base salaries ($405,000 in 2013, $495,000 in 2014, $585,000 in 2015, and $675,000 in 2016) along with training-camp roster bonuses of $918,659 in 2014, $1,837,318 in 2015, and $2,755,977 in 2016.
The Chiefs also announced the signing:
KANSAS CITY, Mo. – The Kansas City Chiefs announced on Friday that the club has signed offensive tackle Eric Fisher. The team has now signed all eight draft selections from the 2013 draft class.
Fisher (6-7, 306) joined the Chiefs as the club’s first-round pick (first overall) in the 2013 NFL Draft. He was the first of five offensive tackles and the first of nine offensive linemen picked in round one. Fisher played in 42 games (32 starts) at Central Michigan. He started 26 at left tackle, four at right tackle and two at right guard. As a starter, he registered 341 knockdowns/key blocks, and produced 45 touchdown-resulting blocks. Fisher prepped at Stoney Creek High School in Rochester Hills, Mich.
What do you think, Addicts? Are the Chiefs paying Fisher too much coin up front?