According to Howard Eskin of WIP, Eagles wide receiver DeSean Jackson is in deep financial trouble, racking up a six-figure debt to the man attempting to secure Jackson’s next contract, player agent Drew Rosenhaus.
“From what I’m told, [Jackson] owes Drew Rosenhaus a lot of money,” Eskin told Mike Florio of PFT Live on Monday. “We’re talking hundreds of thousands of dollars. Is he broke? I don’t know how you define broke, but I know when he signs his new deal he will owe Drew Rosenhaus a lot of money.”
The 18th pick in the second round of the 2008 NFL Draft out of Cal, Jackson signed a four-year contract worth $3.469 million, including a $1.353 million signing bonus and originally had a base salary of $555,000 for 2011. Jackson’s base salary increased to $600,000 in the new collective bargaining agreement, a $45,000 increase, and Jackson earned $256,972 from the performance-based bonus program over the 2008 and 2009 seasons.
Jackson’s current contract was negotiated by Adam Heller, who was replaced by Rosenhaus. According to Eskin, Jackson is getting by on a credit card provided by Rosenhaus, who last night allegedly griped to Eagles running back LeSean McCoy, who recently fired and re-hired Rosenhaus, about Jackson at a Dave & Buster’s in the Philadelphia area.
If the reports are true that Jackson is in financial trouble, and is living off an agent he already owes future earnings to, that may explain why Jackson has appeared distracted this season. A two-time Pro Bowler, Jackson has just 29 receptions for 503 yards and two touchdowns, and 33 yards on nine punt returns, in eight games. Jackson missed Sunday’s game after he allegedly overslept and missed a team meeting on Saturday.
Jackson’s financial arrangement with his current agent should also raise eyebrows at the NFL Players Association. Agents earn a smaller commission on one-year tenders (1 percent compared to a 3 percent max on other contracts), and if Jackson screws his head back on straight, and the Eagles use the franchise tender on Jackson — which I’m projecting to be worth $9.337 million — Rosenhaus’ commission would be around $93,370 in 2012. That small of a commission could conceivably create a willingness to accept an inferior multi-year offer, that is against the long-term interests of Jackson, to obtain a larger commission.