End of Impasse: The Harvey Signing

Harvey

By Andrew Brandt, Former Packers VP – National Football Post and Special to NFL Gridiron Gab

The 33-day impasse has ended in Jacksonville. Derrick Harvey is a Jaguar now, officially. The fact that he was drafted in April by Jacksonville gave the Jaguars’ rights to his services. However, those rights could not be exercised until he put pen to paper on a new contract. It has finally happened, closing the book on the 2008 NFL Draft on the eve of the preseason’s final weekend and ending a stare down that was in its fifth week.

The issue, as documented here at the Post, was the large growth rates in guaranteed money from 2007 to 2008 for the two picks above Harvey. There are a lot of numbers written about rookie contracts, including exorbitant figures for total contract values with escalators, buybacks, and voids. Those figures have less relevance for the player and the team as most of these contracts are either terminated or renegotiated by the fourth year. The key marker for these deals has now become guaranteed money.

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