luvas

English translation: signing bonus

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:luvas
English translation:signing bonus
Entered by: Martin Riordan

23:10 May 20, 2019
Portuguese to English translations [PRO]
Bus/Financial - Business/Commerce (general) / This is not \"luvas\" in the sense of property rental.
Portuguese term or phrase: luvas
The context here is footbal clubs and TV broadcasting rights. It has nothing to do with commercial rents. The full phrase is "O Clube de Futebol XYZ terá direito a luvas de R$10 milhões." It refers to participation of XYZ in amounts generated by TV broadcasting rights of games. So I don't think that "key money" is the appropriate translation here. Suggestions, please!
Martin Riordan
Brazil
Local time: 20:14
signing bonus
Explanation:
https://www.behindthesteelcurtain.com/pittsburgh-steelers-nf...

Signing Bonus

A signing bonus is a lump sum of money to be paid to a player when he signs a contract. This bonus is often a key aspect of contract negotiations, because it is the only truly guaranteed money in any contract. Signing bonuses are not, however, counted in their entirety the year a player signs the contract. Instead, the dollar value is prorated over the length of the contract, up to a maximum of five years. That is only for accounting, though; the bonus is paid, in its entirety, at signing. Let's go back to our example contract. Let's assume Bob Player's contract includes a $3 million signing bonus. It would then be a three-year, $13 million contract, broken down as follows:
$2 million ($1 million salary and $1 million signing bonus (prorated)) in year 1
$5 million ($4 million salary and $1 million signing bonus (prorated)) in year 2
$6 million ($5 million salary and $1 million signing bonus (prorated)) in year 3

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Note added at 2 hrs (2019-05-21 01:42:58 GMT)
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http://waldemirvidal1.blogspot.com/2013/10/contratacao-de-ne...

Uma fonte envolvida no negócio revelou que, com a antecipação, foi necessário arcar com encargos financeiros não previstos para levantar os recursos. As luvas do jogador (signing bonus) também elevaram o valor da transferência. Outras despesas foram com comissões e para acompanhamento de Neymar por todos os anos, além de gastos operacionais com passagens e viagens.
Selected response from:

Gilmar Fernandes
United States
Local time: 19:14
Grading comment
Thanks, Gilmar. This looks right.
4 KudoZ points were awarded for this answer



Summary of answers provided
4signing bonus
Gilmar Fernandes
3signing-on fee
Jack Martin


Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
signing bonus


Explanation:
https://www.behindthesteelcurtain.com/pittsburgh-steelers-nf...

Signing Bonus

A signing bonus is a lump sum of money to be paid to a player when he signs a contract. This bonus is often a key aspect of contract negotiations, because it is the only truly guaranteed money in any contract. Signing bonuses are not, however, counted in their entirety the year a player signs the contract. Instead, the dollar value is prorated over the length of the contract, up to a maximum of five years. That is only for accounting, though; the bonus is paid, in its entirety, at signing. Let's go back to our example contract. Let's assume Bob Player's contract includes a $3 million signing bonus. It would then be a three-year, $13 million contract, broken down as follows:
$2 million ($1 million salary and $1 million signing bonus (prorated)) in year 1
$5 million ($4 million salary and $1 million signing bonus (prorated)) in year 2
$6 million ($5 million salary and $1 million signing bonus (prorated)) in year 3

--------------------------------------------------
Note added at 2 hrs (2019-05-21 01:42:58 GMT)
--------------------------------------------------

http://waldemirvidal1.blogspot.com/2013/10/contratacao-de-ne...

Uma fonte envolvida no negócio revelou que, com a antecipação, foi necessário arcar com encargos financeiros não previstos para levantar os recursos. As luvas do jogador (signing bonus) também elevaram o valor da transferência. Outras despesas foram com comissões e para acompanhamento de Neymar por todos os anos, além de gastos operacionais com passagens e viagens.

Gilmar Fernandes
United States
Local time: 19:14
Specializes in field
Native speaker of: Native in PortuguesePortuguese, Native in EnglishEnglish
PRO pts in category: 290
Grading comment
Thanks, Gilmar. This looks right.
Login to enter a peer comment (or grade)

12 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
signing-on fee


Explanation:
The term in football for players is "signing-on fee" which is the same idea - a bonus for signing the contract.
In standard employment the term is signing bonus or sign-on bonus.. all 3 make sense and mean "luvas"..

Example sentence(s):
  • He will be rewarded with a massive signing on fee and top wages
  • However, a deal with Barcelona has already fallen through due to his £175,000/week demands, as well as a signing on fee of £10m

    Reference: http://news.bbc.co.uk/sport2/hi/football/6314369.stm
    https://en.wikipedia.org/wiki/Signing_bonus
Jack Martin
Brazil
Local time: 20:14
Works in field
Native speaker of: Native in EnglishEnglish
Notes to answerer
Asker: Thanks for the contribution, jacktwo!

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