if you authored a "Lifetime Contract"

So they simply don't discus the future, easy.

 

John McClain said on twitter this morning, "The last time Bud offered someone a lifetime contract it was Bill Peterson. Peterson was fired after 1 1/2 years."

I thought that was pretty damn funny.

 

This is affordable when compared to immortal contract range. Which is crazy talk.

 

Any updates?

I hate that this thing is taking so long.

 

Florio's take:

http://profootballtalk.nbcsports.co...-would-require-two-contracts-league-approval/
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Contract “for life” would require two contracts, league approval
Posted by Mike Florio on March 15, 2012, 3:22 PM EDT
New Orleans Saints v Tennessee Titans Getty Images

Titans owner Bud Adams has offered Peyton Manning a contract “for life.” As crazy as it sounds in the salary-cap era, it can happen.

Per a source with knowledge of the league’s procedures, Manning and the Titans would be required to sign two contracts: one for the work as player, and one for the job as a non-player. The second job would have to be a “real job,” and the wages for the second job would have to represent fair market value. Manning would have to actually perform the duties of the job after his playing career ends.

Also, the entire arrangement would require league approval.

There would be no cap charge during Manning’s playing career. However, if the second contract pays higher than fair market value or if Manning doesn’t perform the services required, the Titans would face salary cap charges and other penalties for circumventing the cap, including fines and possible loss of draft choices.

To the extent that the contract “for life” would entail purchasing a portion of the team, there would be salary cap implications. Before getting to that point, the transaction would have to be approved by a vote of the 32 owners.

It’s unknown whether Adams would attempt to convey minority ownership of the Titans to Manning.

 

Sounds like it's a pretty standard procedure and I'm sure Bud and the entire Titans organization understands this. Let's get this deal done!

 

so could we pay him a ridiculous amount in the front office, money that he would have normally made as a player and avoid any cap casualty at all or at least minimal?

 

Bud shoulda zipped it on the life thing, and kept that between him and his guys.