More Videos
- Lance, Please Back Out Of Tour
- Singh Not Wearing Stanford At Tournament
- Companies Behind Murray Have a Lot To Gain
- Hall Of Fame Suit Lists Revealing Numbers
- Sports Poker Event Trying To Buck Recession
- Billy Mays — He Left the World Knowing He Sold It
- NBA Draft: By The Numbers
- Vijay Singh Offers To Pay Stanford's Bail
- Is "The Big Pierogi" Next For Shaq?
- Singh Will Continue To Stick By Stanford
RSS FEED
|
CNBC'S MOST SHARED
- 'We're in the Middle of a Crash': Black Swan
- The Rising Mountain of Debt May Be the Next Crisis
- Latvian Banker Taking Souls as Collateral
- SEC May Reinstate Rules for Short-Selling Stocks
- The Worst Expected 2010 State Budget Gaps
- Alaska Governor Sarah Palin Will Resign
- Cuddle Parties Heat Up
- Malaysia PM Speaks to CNBC
- NY City Apartment Sales Down More Than 50%
- Charting Gold & Crude Oil
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
- TeleMedicine Gets An Apple App Store Facelift
- Schwarzenegger Signals Key Budget Concession
- Palin's Resignation May Hurt Her Future
- North Korea Fires 7 Missiles Off East Coast
- The Rising Mountain of Debt May Be the Next Crisis
- Drug Bust Nets Heroin Stuffed in Build-A-Bear Toys
- For Banks, Wads of Cash and Loads of Trouble
- SEC May Reinstate Rules for Short-Selling Stocks
- Vatican Runs Deficit Amid Economic Crisis
- Earnings Season: A Likely Game-Changer
Text Size 
The $17 Million Slide:
It's really hard to do this, but I feel like I have to throw an educated number out there. Brady Quinn lost $17 million on Saturday as a result of being taken by Cleveland with the No. 22 pick instead of being taken by the Browns at the No. 3 slot that everyone else thought he would be taken at.
As Quinn was falling, I was concerned about how I was going to do the math. Last year, I calculated that Matt Leinart lost $10 million in guaranteed money by going No. 10 to the Cardinals, assuming that he would have been taken with the first pick of the 2005 Draft if he didn't return to USC for his senior season.
When Leinart signed four months later, he got $14 million in guarantees -- meaning I hit it right on the head. Alex Smith the year before got a $24 million signing bonus.
I think it was pretty much concluded that Leinart would have gone No. 1 in 2005, but it was tougher with Quinn because, last year, he wouldn't have gone before Vince Young at No. 3 and Matt Leinart at 10. Cleveland trading up to take Quinn made it much easier to calculate because it's clearly an apples-to-apples comparison.
So here's how I come up with the number. At the No. 3 pick, I project Cleveland would have signed Quinn to a six-year deal worth as much as $60 million, about $27 million of which would be guaranteed -- that includes the quarterback premium. At No. 22, Quinn will sign a six-year deal closer to $30 million, with $10 million guaranteed. That's a $17 million loss.
Draft Day News & Notes:
If you showed up at 8 a.m. to try to get in to watch the draft live in person at Radio City Music Hall, you were too late. Amazingly, all the tickets were given out by then. The league fit 4,987 people inside and 15,000 fans attended the Draft Fan Central event on the street. Burger King [BKC
Loading...
()
] was the sponsor -- they passed out 3,000, $25 coupons by 11 a.m....
One of Quinn's deals is with Hummer [GM
Loading...
()
]. Draft picks beware -- there seems to be a Hummer jinx going on. Everyone was sure Quinn was going to go No. 3, but everyone thought Reggie Bush was going to go No. 1 last year. He signed a Hummer deal and then went No. 2 to the New Orleans Saints...
Word on the street is that Nike [NKE
Loading...
()
] paid Quinn about $750,000. If that's on, that means Under Armour [UA
Loading...
()
] paid both their endorsers Joe Thomas and Patrick Wills and made their commercial for less than Nike paid Quinn.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes