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Chad Pennington deal rich, but not that rich

The widely reported worth of $11.5 million for Chad Pennington's contract is not wrong. But it is not right, either.

The fact' is, I am told by an NFLPA source, is that Pennington's deal will reach $11.5 million only if highly improbable things happen -- like if the Dolphins win the Super Bowl or Pennington is the MVP or leads the NFL in TDs.

That's when bonuses will kick in that would bring the deal's worth to $11.5. If those things don't happen, the actual value of the deal is between $7.50-$8 million.

Blog note: The preseason opener is tonight at 7:30. I will be right here at that time so join me here then for a chat and blog session.

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Armando, great work, that means that we got him cheap and has enough to be the starter for a reasonable price, good work Parcels...

Armando, great work, that means that we got him cheap and has enough to be the starter for a reasonable price, good work Parcels...

Armando, great work, that means that we got him cheap and has enough to be the starter for a reasonable price, good work Parcels...

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

Thank You Mando...I do like that Chad's here but I thought 11.5 mil was a little too much. 7.5 is a good price for a starting QB that will halp us win a few games this year and also teach Henne a few things...GO PHINS

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

Armando you are putting on some weight bro!!

Mando,

I heard your radio program this morning (online) you just can't leave that Terry Glen thing alone. I think with the addition on Pennington (not sure if I like that one or not) that Glenn is just around the corner.

It is clear that the trio is upgrading every chance they get - seems they think McCown is not up to the task (way to early to give up on Beck unless they can trade him) so Pennington is seen as an upgrade.

My point being that Glenn is clearly an upgrade over the bottom half of the receivers. Since there is no draft pick at stake and if they give him mostly incentives to sign there really is no downside to this. Microsurgery not withstanding.

Anyone watch 'Hard Knocks' on HBO. They show Jerry Jones calling Glenn's agent to tell him he's been waived. Jones calls out the agent and tells him its BS to promise Glenn will be healthy for the season. The agent asks Jones if he thinks anyone will sign Glenn and he says 'No'. Very interesting - from the sounds of that passing a physical for us is a long shot.

Beck and Henne 2nite
Noodle arm patrolling the sidelines !
Thanks for trying McClown , good luck.

Armando, are the Dolphins considering keeping McCown and using him as a reciever? I still don't think he is a Parcells kind of QB and I probably won't get mocked for saying that anymore now by all these people who know everything about nothing. Anyways he looked OK to me in Detroit while he split out so is it even talked about at all or no?

Mando--please let your 790 brethern know about the 'true' valueof the contract; Zaz spent most of his show bemoaning the dollar-figure and its impact on the decision of who goes. True value makes it easier (but not totally pain-free) to move McC, if that's the way they want to go.

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

No matter how you spin it, Mando, we are still overpaying the guy at more than $3 million per year. I would have rather seen the TunaFish pick up a quality receiver.

Great work Armando, that means we got him for a reasonable price, healthy his better than Josh so good work for Parcels and company.

McNown is being benched tonight!

I guess that means goodbye!

Only Move that makes sense.

Go Phins

Armando, great work, that means that we got him cheap and has enough to be the starter for a reasonable price, good work Parcels...

chad is gonna be a good pick up until one of the young qb's are ready. I just hope they don't give up on beck too soon..

jersey fan:

ditto for me on john. i am a beck backer. earlier post were talking about "happy feet". as a former qb, we were coached to keep our feet moving until we were set to throw.

that shows skill, not a weakness. i hope we see only john and chad H tonight. will be a good test as Tampa has a decent defense. go O line !

All the posters with a Beck mancrush should read this.

http://www.profootballweekly.com/PFW/NFL/AFC/AFC+East/Miami/WWHI/2008/wwhi080908.htm

i say the fins trade of cut mccown and go after a reciever chris henry is a good one available even tho he will miss four games , or make a run at a credible wr dont know who is there chad should do good everyone looking at henne but i think beck should develop and get the shot he deserves .
go fins Cut Hip for the bucs tonight

Armando, I am a Dolfan out here in Cali and I want to thank you for keeping me updated with the latest Fins news. I know there are people on here who like to heckle you. I hope you do not take those folks personal, as I appreciate your writing efforts. I am so glad that we got Pennington cheap. Leaves us cap room to get more players that may be cut during the pre season. And we get a good QB for a low price.

bangee--Chris Henry???? Are you serious?? You think that Chris Henry is worth any playing time considering that he cannot obey the law or even NFL rules?? Please. We already have one player that disobeys the NFL rules in Ricky Williams, we do not need another. Atleast with Ricky, he is working hard and trying to redeem himself. Chris Henry is not man enough to do that. I say sign Terry Glenn, as he is a veteran that these young wideouts can learn from.

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