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"They’ll eventually give him a market-level deal," Florio said about the situation. "But they wanted to kick the can to 2025, because that meant paying one of the best receivers in football a measly $4.8 million in 2024. And while the structure of his rookie deal kept him from holding out ($3.8 million was paid in the form of a roster bonus due early in camp), the failure to give him a new contract prompted him to hold in, to miss most of camp and all of the preseason, and to seriously contemplate not playing in Week 1. Behind the scenes, it was uglier than anyone realizes, with fights over fines and a belief by Chase that they’d broken their promise to pay him by offering a contract that looked good on the surface but that had a very bad structure."
The problem with cheap ownership isn't the cheapness, it's the pettiness. Make your star receiver furious over the contract and negotiate in bad faith causing them to mentally be unprepared. Contrast this with how the Steelers handled TJ Watt where they got it done with no drama. It's pathetic how petty and poor Bengals ownership is when dealing with anyone besides a QB.
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Pre-rookie scale deals was a different time. Palmer made a metric shit in his career.