Floyd Reese Contracts Quotations

Thank goodness we're not where we were last year or the year before. Because it has to be a very, very scary situation to be way over the cap right now and trying to redo contracts and get your money right, and yet you're not exactly sure what effect the CBA is going to have on it. But that's our world and that's the way we have to live it.

The old contracts we would do with somebody along these lines. You would say, 'OK, I'll give you a $10 million signing bonus, and then the minimum salary the first year and maybe the second year, and then later on in the contract really jack the salaries up.' Now, because of the 30 percent rule, you really can't do that.

It has to be a very, very scary situation to be way over the cap and trying to redo contracts and get your money right, and yet you're not exactly sure what effect the CBA is going to have on it. But that's our world, and that's the way we have to live it.