Favre Cashes in; Can Earn up to $28 Million in Restructured Deal

August 20, 2010 | Filed underVikes News & Rumors,Vikings | Posted by

Clearly, it’s not about the money.

Sources report Minnesota Vikings quarterback Brett Favre can earn up to $28 million in a newly agreed upon restructured deal, according to Jason La Canfora of NFL Network.

Favre was originally scheduled to earn $13 million for 2010 as originally agreed upon when he signed his two-year contract in 2009.

According to the report, Favre will receive up to $3 million in a new signing bonus.  He will earn another $4 million in new incentives based largely on the Vikings’ playoff performance this season.

Be aware that  $8 million is included in this sum as it is deferred money due from last season’s $12 million salary.  The Vikings technically paid Favre only $4 million last season.  (Favre would have seen the final $8 million of his first year’s salary in installments even if he were to have retired)

Even with excluding the $8 million to be paid from last season, Favre can be earning up to $20 million for just 2010 alone.

To sum things up: $8 million due from last year + $13 million base salary + $3 million new signing bonus + $4 million in new incentives = $28 million.

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