NY Times Jan. 1, 1984
Taylor Has Signed Pact With Generals
A source in the New Jersey Generals said yesterday that Lawrence Taylor, the Giants' all-pro linebacker, had signed a contract, to take effect in 1988, with the United States Football League team. Taylor's original contract with the Giants, covering six years and an option year, expires after the National Football League's 1987 season. Reports have been circulating for weeks that Taylor, who is 24 years old and in the midst of renegotiating his contract with the Giants, had signed with the Generals. The source, who asked that he not be identified, said the Generals would pay Taylor $2.7 million over four years, with annual salaries of $600,000, $650,000, $700,000 and $750,000. An option-year salary would be negotiated. In addition, the source said Taylor would receive a $1 million loan, but no signing bonus.