Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
Around SBN: The Most Dangerous Division in Sports

Source: Freddy Adu's Salary Is $425,000

A league source has told the Brotherly Game that Freddy Adu negotiated a salary of around $425,000 with MLS.

The 22-year-old has had plenty of speculation regarding his contract status, with multiple reporters citing sources saying that Adu either is or isn't a designated player.

Soccer By Ives and Fox Soccer's Ives Galarcep originally reported that one of his sources indicated Adu would be the Union's first ever designated player, but then Galarcep later tweeted that another source had a differing opinion on the matter. Grant Wahl, of SI.com, tweeted around the same time that the "Philadelphia Union [say] Adu is not a DP, which wasn't the impression Adu was under when he signed." 

Wahl went on to tweet that it's "possible/likely that Adu is earning "DP" salary that's paid down by allocation money so that he doesn't count as official DP."

At $425,000, Adu would most likely count as a designated player, unless the Union were to pay down his salary to $335,000 or less, the maximum salary amount allowed under the cap. The Union have done the same for starting goalkeeper Faryd Mondragon, whose $396,666.67 salary qualifies as a designated player amount, but the Union most likely used the $70,000 in allocation money from not using roster spots 29 and 30 to pay it down to under the maximum allowed by MLS.

Star-divide

Even prorating Adu's salary will put him at a higher salary hit than Carlos Ruiz's cap hit. At $425,000 and 22 games into the season, Adu would count as a designated player and hit the Union for $167,000, the half-season designated player cap hit. At the $335,000 rate that is more likely to be what the Union have pursued for this season (through allocation money buying down the salary), Adu's cap hit would be around $118,000, though the buying down could be based upon the real prorated hit of $425,000, which is $150,000, and affect that.

Comment 7 comments  |  0 recs  | 

Do you like this story?

Comments

Display:

And recall that Jordan Harvey was apparently traded for a lot of allocation money (relatively speaking) on July 7. According to what Adu and Nowak have said, they had already been talking about Adu potentially joining the Union at this point in time, since that trade took place after the Gold Cup. So it seems like Nowak was willing to pull the trigger on the Harvey trade knowing that it left both options for acquiring Adu open: to go through the allocation process or not. The Union might have been prepared to come in with a higher-paid DP offer at the very last second if it looked like he was truly on the brink of signing with Chivas. But when #1-ranked Chivas backed out at the last minute, #2-ranked Philadelphia could jump in and not have to worry about technically making him a DP, since they now had this allocation money from Vancouver.

Contributor at The Brotherly Game, SBN's Philadelphia Union blog

by Ben Feldman on Aug 12, 2011 10:38 PM EDT reply actions  

why no dp

What is the reasoning for not using the DP title, and instead “paying down” the salary?

by eyerunthis on Aug 12, 2011 11:58 PM EDT via mobile reply actions  

Correct me if I'm wrong, Scott

“Buying down” uses allocation money, a resource available to clubs in addition to their respective salary budgets. In other words, extra money from MLS. Money for DPs beyond the initial $335K budget charge is the financial responsibility of the club. If I understand it correctly, the league is paying all of Adu’s salary, leaving the Union’s hard-earned Bimbo bucks (which are baked with love) untouched.

by Zolo79 on Aug 13, 2011 12:23 AM EDT up reply actions  

This is quite possible.

I don’t have any information from sources beyond what was negotiated with the league.

Managing Editor for Brotherly Game, SBNation's Philadelphia Union blog and contributor for SBN Philly. // @scottdkessler
"College is only 4 years, but the Eagles are for life." - Ironhank

by Scott Kessler on Aug 13, 2011 12:32 AM EDT up reply actions  

better to not be a DP than be a DP.

xEgan on Twitter

by xEgan on Aug 13, 2011 2:14 AM EDT up reply actions  

Whether or not Adu’s officially on the books as a DP for the rest of this season, I’d imagine this deal is set up for him to become one for the remaining years on his contract (like Feilhaber). $335k is a pretty large chunk of the salary cap for one player, but 3/4 of our Generation Adidas boys are solid locks for another year of cap-free livin’, homegrown kids are off-budget, and if we are in a pinch, we could consider finding another use for the $193k currently being spent on an inflatable training buddy.

MK

by mk_27 on Aug 13, 2011 1:24 AM EDT reply actions  

Who does this signing help?

Sebastian Le Toux.

Sooooo much pressure just came off his shoulders and honestly, right now, Adu is the best person to feed him the ball when he DOES start scoring goals.

Excitebike 64.

by MilkBoyGillen on Aug 13, 2011 5:15 AM EDT reply actions  

Comments For This Post Are Closed


User Tools

The Brotherly Game is a blog about the Philadelphia Union.

FanPosts

Community blog posts and discussion.

Recent FanPosts

Small
Game 10 Thoughts
Small
An Open Letter to the Philadelphia Union
283470_10150370877978747_582168746_10242305_6959890_n_small
Nowak By The Numbers
Small
Game 9 Thoughts: Mooo
Le_toux_small
Screwing Around
Small
Friendly Game, Friendly Thoughts
Small
Game 8 Thoughts
Le_toux_small
No Creative Title Necessary.. its just BAD
Small
Game 7 Thoughts from the Soccer Newb
Small
Game 6 Thoughts from the Soccer Newb

+ New FanPost All FanPosts >


Managing Editor

Brotherlygame-xl_small kyleshank

New_twitter_pic_small Scott Kessler

Editor

Newavatar14_small Justin F.

Small Ben Feldman

Writer

47006_jj_small DanyS

P10103302_small mk_27

207998_1939257889670_1489103314_32220394_5403546_n_small Jersha

Me_longbeard_small Julian Brown

Yeager_small atomicruckus

Small Section107RowA

312159_307747112577629_100000270290655_1272643_2101793950_n_small tonyunion2010

Moderator

Small Buzzkill_Ed