Eric Fisher Signs, Will Get $10 Million Within 5 Days

The Kansas City Chiefs have signed Eric Fisher and Pro Football Talk is reporting some of the details of his deal.

From PFT:

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?

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  • Carlos Nevarez

    Is that more money than BA is getting?
    Dude got PAID.
    He better produce.

    • freshmeat62

      BA is getting around $9.75 mil/yr. If you add up all the dollars mentioned above it averages out to about $5.5 mil /yr.

      • Justin R Groth

        Yea but Alberts deal is a one year deal so Fisher will be paid more than Albert this year.

        • ArrowFan

          Yes but Albert will presumably make large sums of money next year and beyond. So for the next five years Albert will average more makeing more money unless he gets hurt or sucks realy bad this year.

          • Justin R Groth

            Yea presumably however it moat likely won’t be for9.7 mill/year more like 6.6/year still more than Fisher but not so much in NFL money.

  • Justin R Groth

    I wonder if the huge signing bonus keeps the cap hit lower?

  • Danny W

    I got a deal like that once then I lost it on the ponies the next day. Motto of the story. Don’t go to the ponies before you ship off to Vietnam.

  • sidibeke

    Wonder what the cap hit is; do we need to restructure anyone?

  • ArrowFan

    So he gets 5.6 for four years. I thought that first rounders where on five year deals? I am assumeing that anything labeled as a bonus doesn’t hit the cap? If so then was is the point of a cap when it can be bypast by bonuses?

  • Perch

    who cares about cap hit! this guy is gonna kill this year!

  • FaAmos

    Where do you even deposit a ten mill $ check. He needs to buy himself and his mother decent houses paid off, a good car for mom and two cars for himself then put the rest back for savings and not touch until he retires and live off his annual salary while saving as much of that as possible because if he’s really really lucky he’ll play until he’s 35-38 yrs. old and that’s when he’ll really be able to enjoy that money. Now he just needs to focus on football and live fun but modestly. In KC $500K will get you a great house. Man I wish I got paid like that.