EverBank, Jaguars agree to naming rights pact for stadium
Football Betting Lines
07/27/2010 - Jacksonville, FL (Sportsbook Betting Lines) - EverBank and the Jacksonville Jaguars announced a five-year agreement Tuesday for the naming rights to the team's stadium.
EverBank Field will replace the moniker of Jacksonville Municipal Stadium, which has stood since 2007 when Alltel completed a 10-year agreement.
The joint announcement was made by team owner Wayne Weaver, EverBank CEO Rob Clements and Jacksonville city council president Jack Webb Tuesday.
"I clearly think it's a game-changer," Weaver said of the deal. "Today's announcement demonstrates (EverBank's) confidence that Jacksonville is a viable football market."
The Florida Times-Union reported Monday the terms call for the team to receive 75 percent of the stadium naming rights revenues and the city 25 percent. The Jacksonville city council is expected to approve of the deal at a meeting Tuesday night.
"It's our belief that this partnership will continue," said Clements. "It reflects our strong conviction in this team and in this city. We are major stakeholders in this city and we believe we're going to have a long-term relationship with the team."
Umag, Croatia (Sportsbook Betting Lines) - Seeded players Philipp Petzschner and Sergiy Stakhovsky were a pair of first-round upset victims Tuesday at the clay-court Croatia Open. Belgian Olivier Rochus, a runner-up on the grass in Newport two week
<< Giants S Jones released from hospital
East Rutherford, NJ (Sportsbook Betting Lines) - New York Giants rookie safety Chad
Jones was released from the Hospital for Special Surgery Tuesday after
spending nearly a month there following a serious car accident last month.
Jones is
<< Hot Fish pulls out of LA event
Los Angeles, CA (Sportsbook Betting Lines) - Red-hot American Mardy Fish pulled out of
the $700,000 Farmers Classic tennis event on Tuesday, citing fatigue and an
ankle injury.
An eighth-seeded Fish was scheduled to meet German Benjamin Becker in an
<< Player of the 3/4 Year
Philadelphia, PA (Sportsbook Betting Lines) - Can you believe that the FedEx Cup
Playoffs begin four weeks from Thursday?
You probably can - you understand time at this point in your life - but the
regular season in golf is almost over. Do we have a l
<< Bartoli reaches second round in Stanford
Stanford, CA (Sportsbook Betting Lines) - Reigning champion Marion Bartoli was a first-
round victor Tuesday at the $700,000 Bank of the West Classic tennis event.
The former Wimbledon runner-up Bartoli handled American Ashley Harkleroad 6-1,
6-4 on t
Tampa, FL (Sportsbook Betting Lines) - The Tampa Bay Buccaneers came to terms with rookie wide receiver Arrelious Benn on a four-year contract on Tuesday. Financial details were not disclosed. Benn was selected in the second round -- 39th ov
Patriots place WR Welker on unable to perform list >>
FOXBOROUGH, Mass. (AP) -The New England Patriots say they have placed wide receiver Wes Welker on the active/physically unable to perform list.Welker, who has made a strong recovery from knee surgery in February, could come off the list at any time,
Marlins release Robertson >>
San Francisco, CA (Sportsbook Betting Lines) - The Florida Marlins released pitcher Nate
Robertson a week after designating him for assignment.
Robertson allowed eight runs (seven earned) in five innings and took the
loss in last Tuesday's game
MLS names inactive All-Stars >>
New York, NY (Sportsbook Betting Lines) - Major League Soccer announced the final seven
All-Stars on Tuesday, although the additions are inactive for Wednesday's game
against Manchester United at Reliant Stadium in Houston, Texas.
Goalies Jimmy Niels
Report: Bengals sign Terrell Owens >>
Cincinnati, OH (Sportsbook Betting Lines) - A report on the Cincinnati Bengals'
website cites a league source as saying the team has agreed to terms on a one-
year contract with wide receiver Terrell Owens.
The source indicated Owens is expected to
FOOTBALL BETTING : Crabtree's base deal: six years, $32 million
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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Terrell Owens could return for Cowboys next game
A bye week will allow Terrell Owens broken hand to recover just in time for the next game the Dallas Cowboys are slated to play, according to reports. MySportsbook.com, an football sportsbook, has posted football betting lines on TO playing.
Owens broke the bone leading to his right ring finger Sunday night and had a plate surgically attached to it Monday. Although Owens' hand was swollen and aching Wednesday, Dallas Cowboys coach Bill Parcells said he's optimistic the receiver will be back at work next week and catching passes a week from Sunday against the Tennessee Titans.
MySportsbook.com online sportsbook listed Terrell Owens with odds of 7-2 (or $7 paid out for every $2 bet) to return back for the game against Tennessee.
"I certainly wouldn't rule it out now," Parcells said, referring to Terrell Owens immediate return. "Maybe five days from now I might, but I wouldn't rule it out now. ... I know we're looking to try to get him moving around pretty good in the next day or so. So we'll see where we are."
Owens did not speak with reporters Wednesday, but said Sunday he'd be out two to four weeks. A return against the Titans would be 13 days after the surgery. The Cowboys were listed as an early -7 1/2 favorite vs. the Tennessee Titans for Week 4 at MySportsbook.com
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