In a surprise turn of events, the San Francisco 49ers (“Niners”) have agreed to a restructured one-year contract that will allow Jimmy Garoppolo (“Jimmy G”) to make up to a total of $16 million dollars this season.
In this new restructured one-year employment contract (yes, professional football players are considered employees) the Niners agreed to pay Jimmy G a guaranteed base pay of $6.5 million dollars. Additionally, Jimmy G may earn some roster and playtime bonuses that could boost up his pay by another $9 million dollars. In this restructured employment agreement, it is rumored that this agreement includes a no-trade and no-tag clause which ensures Jimmy G will serve as backup to Trey Lance this season and will then be able to explore unrestricted free agency in 2023.
This cross-section of football and employment law is a great reminder for employers to take the time to ensure that your employment agreements are up to date and that if there are any specific terms, such as bonuses and/or commissions that they be outlined in writing to ensure CA labor law compliance.
For assistance in drafting CA compliant employment agreements and/or bonus/commission agreements, contact the Employer Lawyers at Chauvel & Glatt.
This material in this article, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the post. It should not be considered, nor is it intended to constitute legal advice. For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500 for legal assistance near you.