All articles tagged with #long term deal
The 49ers restructured Jauan Jennings' contract with incentives, and while they are open to negotiating a long-term deal, nothing is finalized yet. Jennings, who has been recovering from a calf injury, is in good shape and performing well, with the team expressing strong interest in keeping him long-term.
AEW has secured its TNT Champion Kyle Fletcher with a long-term, high-value contract, signaling the company's commitment to its young talent and Fletcher’s role in its future plans.
The NFL deadline is approaching for a long-term contract for Chiefs guard Trey Smith, who is currently on a franchise tag with a $23.4 million salary. The key issue is whether Smith's deal should include extra compensation for the additional playoff games he has played, reflecting the team's extended postseason runs. This could set a precedent for other players and impact negotiations across the league, especially with potential changes to the season structure and playoff pay.
Texas Rangers' third baseman Josh Jung has fractured his wrist, likely sidelining him for six to eight weeks. With Nathaniel Lowe also injured, the team will rely on backups at both corner infield positions. Despite concerns about Jung's injury history, the Rangers' lineup depth should help mitigate his absence, and the team may call up Justin Foscue to fill his spot. The front office will need to consider Jung's injury history when making long-term roster decisions, but he remains a valuable player at third base.
Gleyber Torres, entering what could be his final season with the New York Yankees, expressed his desire to remain with the team long-term, aiming to be a "Yankee for life." The 27-year-old infielder, who is set to become a free agent after the upcoming season, understands the team's cautious approach due to past underperforming contracts but hopes to earn a conversation for a long-term deal with a strong performance. Torres, acquired in a 2016 trade, emphasized his commitment to the Yankees' tradition and expressed his motivation to excel despite the uncertainty surrounding his future.
Miami Dolphins quarterback Tua Tagovailoa is optimistic about securing a long-term deal, with potential negotiations likely to fall within the $35 million to $45 million range annually. The team may seek a contract structured to provide flexibility, potentially offering two years of security at a rate around $40 million, with the ability to reassess the arrangement thereafter. As the salary cap continues to rise, the Dolphins could have the flexibility to make changes if necessary.
The state of Maryland and the Baltimore Orioles have tentatively agreed to extend the team's lease at Camden Yards while also working towards a 30-year deal to keep the Orioles in Baltimore. The current lease expires at the end of the year, and negotiations have been complicated by the Orioles' CEO seeking development rights for public land in the stadium area. The agreement, which still needs approval from the Maryland Stadium Authority and the Board of Public Works, would unlock $600 million in renovations for Oriole Park.
Apple has signed a new long-term deal with Arm for chip technology that extends beyond 2040, according to Arm's IPO documents. Arm, which owns the intellectual property behind the computing architecture for most smartphones, licenses its technology to Apple. The deal was not mentioned in Arm's previous IPO filing documents, suggesting it was signed between August 21 and September 5. Apple, along with other large technology companies, has also invested $735 million in Arm's IPO.
Nokia has signed a new long-term patent license agreement with Apple, replacing the current deal set to expire in 2023. The agreement allows Apple to use Nokia's technology, including inventions in 5G and other technologies. The terms of the agreement remain confidential, and Nokia expects to recognize revenue from the deal starting in January 2024. Nokia's patent portfolio is built on over €140 billion invested in R&D since 2000 and includes over 5,500 patent families essential to 5G.
The New Jersey Devils have reportedly agreed to an eight-year contract extension with forward Jesper Bratt worth $63 million, with an average annual value of $7.875 million. The deal secures Bratt as part of the Devils' core moving forward and gives the team more flexibility with their cap situation. The Devils now have $26.4 million in cap space remaining with other pending offseason business to address. Bratt will be a Devil through the 2030-31 season, and the team's future looks bright with a young core in place.
Saquon Barkley will not sign the franchise tag and will not attend the New York Giants' voluntary offseason workout program. The deadline for Barkley and his representatives to work out a long-term deal with the Giants is July 17. Skipping the voluntary workouts is a standard ploy by tagged players to increase pressure on their team to reach a long-term deal. The Giants reportedly do not have much interest in signing Barkley to a long-term deal at this point.