guaranteed money
Promised fixed compensation
Guaranteed money is the portion of a contract that must be paid regardless of what happens—whether the recipient gets fired, injured, or cut from a team.
The term appears most often in professional sports, where contracts may include both guaranteed and non-guaranteed amounts: He signed for $50 million, but only $30 million is guaranteed.
In contexts like signing bonuses or severance packages, guaranteed money represents the floor of what someone will actually receive.
- securedMade fast or obtained
- principalChief school administrator
- fixed incomeStable recurring revenue
- bondBinding tie or connection
- annuityPeriodic fixed payment
deposit · collateral · insured · locked-in · pension · golden parachute · stipend · meal ticket · trust fund · endowment · nest egg · safety net · certainty · ironclad · signed and sealed · contract · payout · settlement
- incomesalary, earnings, income, wages, pay
- sports businesssalary cap, general manager, team owner, agents, agent
- Sports LaborPFA, player union, labor agreement, labor dispute, labor disputes
guaranteed moneyperformance bonuses
Extra compensation for achievement
incentive pay · commission · merit pay · pay-for-performance · piece rate
guarantee, guaranteed, guarantees, guaranteeing, guarantor, guaranty, warrant, warranty, warranties