Not true, and I've expanded on this before. There are a couple of primary points at which a contract will be re-negotiated or extended. I really, really don't want to type it all out again.
But unlike the bank, who wants to keep you as a client for several decades, we are talking about a player who is in his 30's, entering the period where football players go into decline, and looking for his third raise in four years (living expenses and taxes aside, as his cap hit is what matters to the team - let's not have that argument again). It makes sense to pay him more money, for what will undoubtedly be diminishing returns by the time his remaining two years are up?Let me give you an example. If you have a mortgage, you can book a 5 year mortgage today at 3.50%. However, if you booked that same mortgage 3 years ago you might have booked it at 5%. That's a 150bps difference. You might still have 2 years to go and with projected interest rates rising, you'd like to take advantage of current interest rates so that you don't book it at the same 5% rate in 2 years or perhaps higher. So what are the options available to you?
Well...you can renegotiate. The bank is fully within their rights to tell you that you have to finish out your contract and renew it at maturity. But instead they make renegotiation available in the form of a "blend and extend" meaning you can average your current rate with another 5 year rate, making your average rate for the next 5 years probably closer to 4.25%, much better than the 5% you are getting now and better than whatever rate you might get in 2 years within the environment of a rising interest rate environment. It's just good business for everyone. You benefit from better rates and the bank retains you as a client.
And as I've stated numerous times in the past, if that was what happened, then it behooved DeRo to refuse signing an unpalatable extension with TFC, and say "we will talk when my current deal is up". But DeRo didn't do that - he opted to sign the contract, and may or may not have bought into promises from Mo Johnston about looking at his contract in the future (despite signing a deal with two team option years, I feel the need to continue mentioning).Add that to the widely and accurately reported fact, and it is a fact even if you have not certified it yourself, that DeRo was promised higher wages which is the primary reason why he made the move to TFC as opposed to finishing out his contract in Houston, and you have a situation where a player expected higher payment, is fully able to attempt to legally leverage his employer into a higher wage and therefore decides to do so.
If you push for a move, and then the team you're pushing for pulls a bait and switch, then you don't sign a four year extension with them!
I don't believe in the honour of contracts - I believe that contracts should be worth the paper they are written on, unlike European football.Objecting to that over some misplaced sense of honour in contracts is naive. Contracts are not written in stone, especially not in the sports world and yet you want this one particular contract to be enforced until it's very end.
Again, it has nothing to do with adherence to a contractual schedule. I don't approve of how DeRo has gone about his business. Period. I think the way he has gone about this, has been detrimental to the team, and says a lot about where his priorities lie. That's all.Now you can certainly dislike the way DeRo has gone about his business. I would be more understanding of that than I am of this weird adherence to the schedule of a contract. Especially one that has it's guaranteed years expired.
- Scott