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Raiders reach agreement in principle with top pick Russell
Ending months of negotiations and a holdout that stretched to more than six weeks, the Oakland Raiders reached a contract agreement in principle on Monday with JaMarcus Russell, the former LSU quarterback who was the first overall selection in the 2007 draft.
Barring any glitches, and contingent on formalities like him passing a physical exam, ESPN.com has confirmed that Russell will officially sign a six-year contract on Tuesday and should be on the field for the team's Wednesday practice.
There is still considerable work to be done, however, in terms of drawing up the contract, and a source close to the negotiations said late Monday that the two sides could still be working "very late into the night and maybe into [Tuesday] morning" to craft the precise language of the deal. ESPN.com has learned that Russell is still not in the Bay Area, and will not fly to Oakland until his representatives feel comfortable with all the details of the contract.
Sources said the contract, hammered out in four days of marathon face-to-face negotiations in the Bay Area, has a maximum value of $68 million.
The deal also includes $34.5 million in the first three years, an increase of about 65 percent over the first three seasons of the deal that Houston Texans defensive end Mario Williams, the top overall selection in the 2006 draft, will bank in his first three years.
There is a $3 million guarantee in the fourth season of Russell's deal, essentially creating $37.5 million in guarantees.
So, while it appears that the Raiders were able to hold the guarantees in the range that they had been proposing in recent discussions, the long holdout seems to have garnered Russell a very advantageous payout structure.
Of course, it also cost him any opportunity to win the starting job in training camp.
The Raiders' staff chose Josh McCown as the starter after a preseason competition with Daunte Culpepper, who was signed as a free agent during camp.
Russell, 22, staged one of the longest holdouts by a rookie in recent history. In 2002, offensive tackle Bryant McKinnie, the first-round choice of the Minnesota Vikings that year, missed the first eight games of the regular season. In terms of top overall picks, no one has held out longer than Russell since tailback Bo Jackson declined to sign with Tampa Bay altogether in 1986.
During his three seasons as the LSU starter, Russell completed 493 of 797 passes for 6,625 yards, with 52 touchdown passes and 21 interceptions.
After weeks of inertia, the parties met for much of the day Friday at an undisclosed Bay Area site, and drew close to an accord. The talks moved in reverse for a while when they resumed Saturday.
Because the Raiders opened the season Sunday against the Detroit Lions, there was not much bargaining.
The weekend negotiations represented the first face-to-face bargaining since the parties met in Los Angeles on Aug. 20 and there was a ramped-up sense of urgency.
The two sides then got back to work Monday and spent much of the day fine-tuning the proposal and committing it to contract language.
Source: espn.com
Barring any glitches, and contingent on formalities like him passing a physical exam, ESPN.com has confirmed that Russell will officially sign a six-year contract on Tuesday and should be on the field for the team's Wednesday practice.
There is still considerable work to be done, however, in terms of drawing up the contract, and a source close to the negotiations said late Monday that the two sides could still be working "very late into the night and maybe into [Tuesday] morning" to craft the precise language of the deal. ESPN.com has learned that Russell is still not in the Bay Area, and will not fly to Oakland until his representatives feel comfortable with all the details of the contract.
Sources said the contract, hammered out in four days of marathon face-to-face negotiations in the Bay Area, has a maximum value of $68 million.
The deal also includes $34.5 million in the first three years, an increase of about 65 percent over the first three seasons of the deal that Houston Texans defensive end Mario Williams, the top overall selection in the 2006 draft, will bank in his first three years.
There is a $3 million guarantee in the fourth season of Russell's deal, essentially creating $37.5 million in guarantees.
So, while it appears that the Raiders were able to hold the guarantees in the range that they had been proposing in recent discussions, the long holdout seems to have garnered Russell a very advantageous payout structure.
Of course, it also cost him any opportunity to win the starting job in training camp.
The Raiders' staff chose Josh McCown as the starter after a preseason competition with Daunte Culpepper, who was signed as a free agent during camp.
Russell, 22, staged one of the longest holdouts by a rookie in recent history. In 2002, offensive tackle Bryant McKinnie, the first-round choice of the Minnesota Vikings that year, missed the first eight games of the regular season. In terms of top overall picks, no one has held out longer than Russell since tailback Bo Jackson declined to sign with Tampa Bay altogether in 1986.
During his three seasons as the LSU starter, Russell completed 493 of 797 passes for 6,625 yards, with 52 touchdown passes and 21 interceptions.
After weeks of inertia, the parties met for much of the day Friday at an undisclosed Bay Area site, and drew close to an accord. The talks moved in reverse for a while when they resumed Saturday.
Because the Raiders opened the season Sunday against the Detroit Lions, there was not much bargaining.
The weekend negotiations represented the first face-to-face bargaining since the parties met in Los Angeles on Aug. 20 and there was a ramped-up sense of urgency.
The two sides then got back to work Monday and spent much of the day fine-tuning the proposal and committing it to contract language.
Source: espn.com