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07/03/2009 - London, England (Sportsbook Betting Lines) - Highly-rated Manchester City striker Daniel Sturridge has completed his transfer to FA Cup winners Chelsea.
The 19-year-old, who has penned a four-year contract at Stamford Bridge, will join up the rest of the Blues' first-team squad for preseason training next week.
He made his Premier League debut for City in February 2007 when he came on as a substitute in the 2-0 home defeat to Reading.
Sturridge has scored six goals in 12 starts and 20 substitute appearances for Mark Hughes' side, the last being the 4-2 win against West Bromwich in April.
However, Sturridge angered Hughes earlier this year when he demanded a massive price raise to put him in line with some of the club's higher earners.
After the teenager had rejected the offer of a new Eastlands contract in May, Hughes had said: "We put in another offer but that was declined so we won't be going back.
"We've not got much headroom to negotiate and I'm disappointed."
Sturridge had been at City since 2003 and represented England at the Under-17, 19 and 20 levels.
(Courtesy of sportbox.tv)
<< NL Central: Astros creating a buzz
(Sportsbook Betting Lines) - The Houston Astros were one of the National League's
premier teams during the early part of this decade, capturing four division
titles during a five-year span from 1997-2001. A driving force behind that
impressive run was an
<< Gibbs commits future to Arsenal
London, England (Sportsbook Betting Lines) - Arsenal's England Under-21 international
Kieran Gibbs has pledged his long-term future to the club by putting pen to
paper on a new contract.
The 19-year-old made his debut for the Gunners almost two
<< Bayern remains hopeful over Bosingwa
Munich, Germany (Sportsbook Betting Lines) - Bayern Munich remains hopeful of being able
to sign Jose Bosingwa from Chelsea.
The German giants revealed their interest in the Portugal right-back last
month and chairman Karl-Heinz Rummenigge stil
<< O's Reimold selected as AL's top rookie for June
New York, NY (Sportsbook Betting Lines) - Baltimore Orioles outfielder Nolan
Reimold has been selected as the American League Rookie of the Month for June.
The 25-year-old hit .320 for the month, leading all Junior Circuit rookies
with
Reds activate 3B Encarnacion from DL >>
Cincinnati, OH (Sportsbook Betting Lines) - Cincinnati third baseman Edwin Encarnacion
was activated from the 60-day disabled list prior to Friday's game against the
St. Louis Cardinals.
Encarnacion had been on the DL since late April due to a chip
Turkoglu to join Blazers >>
Portland, OR (Sportsbook Betting Lines) - Sharp-shooting forward Hedo Turkoglu is
leaving Orlando for the Great Northwest, reportedly coming to terms on a five-
year, $50 million contract with the Portland Trail Blazers.
The Oregonian newspap
Cano, A-Rod homer as Yankees top Toronto >>
Bronx, NY (Sportsbook Betting Lines) - Robinson Cano and Alex Rodriguez each homered
as the New York Yankees doubled up Toronto, 4-2, in the opener of a four-game
set.
Mark Teixeira added a hit and an RBI for the Yankees, who have won eight of
D.C., Columbus clash for top spot in East >>
Columbus, OH (Sportsbook Betting Lines) - D.C. United coach Tom Soehn was excited to have
last weekend off in MLS and thinks the Eastern Conference leaders are refreshed
for Saturday's trip to the Columbus Crew, even though they continued defense of
thei
In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
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Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.
“You either have a passion for it or you don’t,” Seba said.
“The #1 thing for us is to make a line for each game that creates good two-way action. We do this by drawing from past experiences and applying them to current situations. People think it’s much more complicated, but it’s not. “Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10).
Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a "preliminary" pointspread on an upcoming game. The power ratings are adjusted after each game a team plays. Examples of non-game factors that would require an adjustment to a team's power rating are key player injuries and player trades.
Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team's most recent games played and previous games played against that opponent. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.Since the oddsmaker’s ultimate goal is equally dividing the sports betting action, public perception and sportsbook betting patterns must be taken into account. For example, the public might have heavy betting interest week after week on a popular college football betting team such as USC. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias.
The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line "feels right." This is where common sense and past experience with how games are bet enters into the picture.A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line.
Experts working for the individual books having a strong opinion on the game
Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.
Once betting begins, sportsbooks can adjust the line at any time. In doing so they attempt to make more attractive the team that is getting less action. By moving the line, sportsbooks can influence how the public bets on a particular game.For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite.
Moving the line is the oddsmaker's effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. Oddsmakers have to determine if any changes are necessary and send out an "adjusted line."“The main objective is that our clients get equal action on both sides,” Seba said. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). If we’ve done that, we’ve done our job.”
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