Soooooo being an NFL draft bust can pay off! SMH. JaMarcus has been trying to make a comeback in the NFL, but if that doesn’t work out for him – at least he’s $3 million richer. The Raiders will reportedly pay JaMarcus Russell another $3 million in a settlement over his disputed rookie contract.
Details after the jump…
Via CBSSports:
In September 2007, the Raiders signed first-overall pick JaMarcus Russell to a six-year, $68-million contract that included $32 million in guaranteed money. In May 2010 — after three forgettable seasons that included a 52.1 completion percentage, 18 touchdowns, 23 interceptions and a 7-18 record — Russell was released.
And now, according to the San Francisco Chronicle‘s Vic Tafur, the Raiders have paid Russell another $3 million in a settlement over his disputed rookie contract.
More details via Tafur:
(Russell) had been paid $36.4 million and was still owed $3 million at the time of his release. The Raiders filed a grievance against Russell, seeking repayment of $9.55 million in salary advances, and Russell filed a grievance of his own, saying he was owed an additional $9 million.
The Raiders’ grievance was based on their contention that the contract was changed at one point during Russell’s time with the organization. But the two sides were set to go to court recently, when a source close to the situation said the Raiders and Russell decided to settle.
The Raiders declined comment. Russell’s new agent, Eugene Parker, was unavailable for comment.
Russell’s previous agent, Eric Metz, told Yahoo Sports in 2010 that “The money in question was fully guaranteed. That is why JaMarcus was forced to hold out and miss all of training camp as a rookie.”
