When an Option Bonus is not paid, it usually has the effect of “voiding” a year or two of the player’s contract. In reality, most Option Bonuses are either guaranteed or have guaranteed base salaries (P5) that essentially act as a guarantee for the Option Bonus. In the above example, this would mean that if the $4M Option Bonus in year 2 was not fully guaranteed, it would likely be backed up by a fully guaranteed base salary ($3M) and a fully guaranteed Roster Bonus ($1M) in year 2. This basically protects the Option Bonus, so that the team is forced to pick up the option. Once the option is exercised, the guaranties to the base salary and the Roster Bonus would void.