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07/02/2009 - Manchester, England (Sportsbook Betting Lines) - Manchester United's hopes of signing Karim Benzema are over after the France striker agreed to a six-year contract with Real Madrid.
Benzema, 21, was believed to have been earmarked by United boss Sir Alex Ferguson as a potential replacement for Cristiano Ronaldo.
But after losing the World and European player of the year to the Spanish giants in a record $131 million transfer, United have now seen rising star Benzema also join the big-spending Madrid club.
Real have now spent almost 200million on four players so far this summer after signing Ronaldo, Brazil star Kaka, defender Raul Albiol and now Benzema.
They are believed to have paid an initial 30million to Lyon to sign one of the hottest prospects in European football.
"Real Madrid and Olympique Lyonnais have reached an agreement for the transfer of Karim Benzema," read a statement on the Spanish club's official website.
"The player will have his medical examination in the next few days, which will be followed by the signing of the contract with his new club.
"The 21-year old French international striker will play six seasons for Real Madrid."
(Courtesy of sportbox.tv)
<< Thrashers sign Antropov
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Thrashers signed unrestricted free
agent forward Nik Antropov to a multi-year contract Thursday. Terms of the
deal were not disclosed, per team policy.
The 29-year-old compiled career-highs
<< Bremen's Schaaf confirms Naldo exit
Bremen, Germany (Sportsbook Betting Lines) - Werder Bremen manager Thomas Schaaf has
confirmed that Brazilian defender Naldo will be allowed to leave the club this
summer.
The 26-year-old centre-half has been with the Bundesliga club for four s
<< Twins demote Henn, to recall Duensing
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Twins have assigned pitcher
Sean Henn outright to Triple-A Rochester and plan to recall left-hander Brian
Duensing prior to Friday's game with the Detroit Tigers.
Henn, who signed as a mi
<< Gudjohnsen expects to leave Barca
Barcelona, Spain (Sportsbook Betting Lines) - Barcelona forward Eidur Gudjohnsen is
content to wait on a decision over where he will be playing his football next
season.
The 30-year-old is expected to exit the Camp Nou this summer, but his age
NFL suspends Jets LB Pace for four games >>
New York, NY (Sportsbook Betting Lines) - New York Jets linebacker Calvin Pace has been
suspended without pay for the first four games of the 2009 season for
violating the NFL's policy on performance enhancing substances, the league
announc
Atletico swoops for Juanito >>
Madrid, Spain (Sportsbook Betting Lines) - Atletico Madrid has completed the signing of
central defender Juanito from relegated Real Betis.
The 32-year-old Spain international stopper has been with the Seville-based
club for more than a decad
Wolverhampton completes Milijas signing >>
Wolverhampton, England (Sportsbook Betting Lines) - Wolverhampton has completed the
signing of Nenad Milijas after being granted a work permit for the Serbia
midfielder.
Milijas, 26, agreed a four-year contract with the newly-promoted Prem
Parma makes offer for Udinese's Di Natale >>
Parma, Italy (Sportsbook Betting Lines) - Parma has tabled an $13 million bid for
Udinese's Italy international striker Antonio Di Natale.
The 32-year-old has been at the Friuli for five years, but has hinted that he
would welcome the oppo
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In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
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