Jon Jansen Restructures
 

Looks like he's agreed to the vet min :)

Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000

[url=http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=26979]NFL Players Association - Resources - Active Player Search[/url]

Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs

Re: Jon Jansen Restructures
 

We should be out of the red very soon now, who else is left to restructure?

Re: Jon Jansen Restructures
 

Talk about a guy who never complains just comes in and does his job (when he is healthy) I will give it 5 minutes before Schneed fills us in with all his cap wisdom

Re: Jon Jansen Restructures
 

[quote=Mattyk72;424711]We should be out of the red very soon now, [B]who else is left to restructure[/B]?[/quote]


A partridge in a pear tree?[IMG]http://www.thewarpath.net/images/icons/icon12.gif[/IMG] No but I would think maybe Griffin or Samuels if they havent already

Re: Jon Jansen Restructures
 

I could be wrong, but I think this saves about $3.2 million

Re: Jon Jansen Restructures
 

Really how much money do we have now?

Re: Jon Jansen Restructures
 

he should restructure. Hell, he's been injured 2 of the past 3 seasons...

damn right...

Re: Jon Jansen Restructures
 

[QUOTE=SmootSmack;424710]Looks like he's agreed to the vet min :)

Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000

[url=http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=26979]NFL Players Association - Resources - Active Player Search[/url]

Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs[/QUOTE]

Praise the Lord!!!

Some cap relief. He may not come when you want HIm, but He is always right on time...lol

Re: Jon Jansen Restructures
 

So we are around 5 to 8 mil in the red now right?

Re: Jon Jansen Restructures
 

[quote][B]Start: $20.4 million OVER cap[/B]

Potential Roster Cuts:
Phillip Daniels - $3.0 million saved
Shawn Springs - $2.5 million saved
Pete Kendall - $1.8 million saved
Todd Wade - $700K saved
[B]Total Savings for Cuts: $8.0 million[/B]

Keeping These Players, Restructuring 2008 Base Salary, Prorating over Remaining life of Contract:
Randy Thomas - $3.7 million saved - EXECUTED
Clinton Portis - $3.2 million saved
Jon Jansen - $3.2 million saved - EXECUTED
Chris Samuels - $2.8 million saved
Cornelius Griffin - $2.6 million saved
Santana Moss - $1.9 million saved
Casey Rabach - $1.4 million saved
[B]Total Salary Restructure Savings: $18.8 million[/B]

Keeping These Players, Restructuring 2008 Roster Bonuses, Prorating over Remaining life of Contract:
Ladell Betts - $1.7 million saved
Clinton Portis - $0.4 million saved
Chris Cooley - $9.2 million saved - EXECUTED
Andre Carter - $1.9 million saved - EXECUTED
Antwaan Randle-El - $1.2 million saved - EXECUTED
[B]Total Bonus Restructure Savings: $14.4 million [/B]

[B]AFTER EXECUTED TRANSACTIONS: $0.8 MILLION OVER[/B][/quote]

Looks like Jansen's restructure was exactly what I was expecting, a simple restructuring of base salary into the form of signing bonus. The cap savings this year will be $3.2 million.

Ethan Albright was resigned as well, but has little to no effect on the cap. His cap number bumps another guy out of the top 51, and the difference between his cap figure and the 52nd player's is minimal.

Re: Jon Jansen Restructures
 

well I was wrong and that's good, .8 over sounds great. I still see a lot of potential savings and it seems that media critics have finally learned to shutup because we always find a way to bring down our numbers.

Re: Jon Jansen Restructures
 

[QUOTE=Schneed10;424745]Looks like Jansen's restructure was exactly what I was expecting, a simple restructuring of base salary into the form of signing bonus. The cap savings this year will be $3.2 million.

Ethan Albright was resigned as well, but has little to no affect on the cap. His cap number bumps another guy out of the top 51, and the difference between his cap figure and the 52nd player's is minimal.[/QUOTE]

How will Rock Cartwright factor into all this?

Re: Jon Jansen Restructures
 

[quote=SmootSmack;424752]How will Rock Cartwright factor into all this?[/quote]

Right now, Cartwright is a free agent, thus resigning him would be a hit to our cap figures. Signing him would move us further into the red.

Right now, the 51st man on our team counts $370K against the cap. For simplicity's sake, let's say we resign Rock for a one year deal worth $1.0 million. His signing would bump the 51st man out of the top 51, reducing our cap by $370K. He would then be added at $1.0 million. So the net effect of signing him, in this example, would be a hit of $630K.

Obviously if he signs with us for more money than that, the hit would be worse.

Rumors from JLC on his blog have indicated that the Skins may let him walk. Provided that they have a decent fallback option for kick returning and special teams, this could be a decent move. Our 3rd RB doesn't see the field often, so seeing him leave from a RB standpoint is really no big deal. But the staff will need to be cognizant of replacing his special teams leadership if they decide to let him go.

Re: Jon Jansen Restructures
 

Betts will probably go back to returning kicks if Rock leaves.

Re: Jon Jansen Restructures
 

schneed, great job. just saw on the nfl network that the skins are about 775,000 over thew cap.

Re: Jon Jansen Restructures
 

Yeah, but that makes his cap release number go way up next year. Does anyone know if Randy moss was franchised, I saw nothing yet and I think the dead line is 4pm

Re: Jon Jansen Restructures
 

[QUOTE=SmootSmack;424710]Looks like he's agreed to the vet min :)

Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000

[url=http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=26979]NFL Players Association - Resources - Active Player Search[/url]

Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs[/QUOTE]

FINALLY someone signed for close the veteran's minimum. Whew, now that he's done it then everyone else will want to come here and do it too, right!?!

Re: Jon Jansen Restructures
 

[QUOTE=Schneed10;424745]Looks like Jansen's restructure was exactly what I was expecting, a simple restructuring of base salary into the form of signing bonus. The cap savings this year will be $3.2 million.

Ethan Albright was resigned as well, but has little to no effect on the cap. His cap number bumps another guy out of the top 51, and the difference between his cap figure and the 52nd player's is minimal.[/QUOTE]

2 quick questions.. Where does Brunell fit into all of this?

Also, you may not be able to answer but maybe someone can, what kind of tax ramifications do players face when doing this type of restructure? I'd think that going from a large salary to a large bonus would hurt them tax wise since bonuses are taxed at a much higher rate than salary.

Re: Jon Jansen Restructures
 

[quote=Paintrain;424769]FINALLY someone signed for close the veteran's minimum. Whew, now that he's done it then everyone else will want to come here and do it too, right!?![/quote]


Not when they read your sig.

Re: Jon Jansen Restructures
 

Can someone explain this better, that understands it. The way I understand it is Jansen just got several million dollars guarenteed, that will be spread out over the remaining life of his contract. Making his cap number huge next year and the subsequent years. Is that correct or did he say, my play has not been that great and I was injured, so for the good of the team I will give up millions?

Re: Jon Jansen Restructures
 

[QUOTE=EARTHQUAKE2689;424780]Not when they read your sig.[/QUOTE]

I forgot to put the sarcasm smiley at the end of my post.

Re: Jon Jansen Restructures
 

...and what will happen if they re-sign the player with the best punt return average (~35) in the NFL this year? (James Thrash.) (He didn't make it onto some lists, but he did on others.)

Re: Jon Jansen Restructures
 

[quote=Paintrain;424772]2 quick questions.. Where does Brunell fit into all of this?

Also, you may not be able to answer but maybe someone can, what kind of tax ramifications do players face when doing this type of restructure? I'd think that going from a large salary to a large bonus would hurt them tax wise since bonuses are taxed at a much higher rate than salary.[/quote]

Brunell is a free agent, his contract is voiding. The team has no intentions to resign him.

Re: Jon Jansen Restructures
 

[quote=Schneed10;424758]Right now, Cartwright is a free agent, thus resigning him would be a hit to our cap figures. Signing him would move us further into the red.

Right now, the 51st man on our team counts $370K against the cap. For simplicity's sake, let's say we resign Rock for a one year deal worth $1.0 million. His signing would bump the 51st man out of the top 51, reducing our cap by $370K. He would then be added at $1.0 million. So the net effect of signing him, in this example, would be a hit of $630K.

Obviously if he signs with us for more money than that, the hit would be worse.

Rumors from JLC on his blog have indicated that the Skins may let him walk. Provided that they have a decent fallback option for kick returning and special teams, this could be a decent move. Our 3rd RB doesn't see the field often, so seeing him leave from a RB standpoint is really no big deal. But the staff will need to be cognizant of replacing his special teams leadership if they decide to let him go.[/quote]Do you agree with this move?

Certainly, the Skins can use the extra cap dollars right now as this will likely be used to release Lloyd with, but the trade off is $1 million more guarenteed to Jansen in each of the next 3 seasons (on top of the 2.25 million we were already giving him), and at least one more year of not being able to get away from him.

I guess were were going to handcuff ourselves somewhere, but I'm not sure that this was the right contract to do it with.

Re: Jon Jansen Restructures
 

[quote=T.O.Killa;424786]Can someone explain this better, that understands it. The way I understand it is Jansen just got several million dollars guarenteed, that will be spread out over the remaining life of his contract. Making his cap number huge next year and the subsequent years. Is that correct or did he say, [B]my play has not been that great and I was injured, so for the good of the team I will give up millions[/B]?[/quote]

You're asking about a paycut in the bolded piece. To my knowledge, he did not take a paycut.

By my math, this restructure should have increased his 2009 cap figure by about $1.0 million or so.

Re: Jon Jansen Restructures
 

[quote=GTripp0012;424799]Do you agree with this move?

Certainly, the Skins can use the extra cap dollars right now as this will likely be used to release Lloyd with, but the trade off is $1 million more guarenteed to Jansen in each of the next 3 seasons (on top of the 2.25 million we were already giving him), and at least one more year of not being able to get away from him.

I guess were were going to handcuff ourselves somewhere, but I'm not sure that this was the right contract to do it with.[/quote]

Yeah I agree with it, primarily because I still think Jansen is a stud. People are quick to rag on him, but I don't see the logic.

Re: Jon Jansen Restructures
 

[QUOTE=SkinsFanSince91;424739]Praise the Lord!!!

Some cap relief. He may not come when you want HIm, but He is always right on time...lol[/QUOTE]

Amen the Lord is always on time.

Re: Jon Jansen Restructures
 

[quote=Schneed10;424801]You're asking about a paycut in the bolded piece. To my knowledge, he did not take a paycut.

By my math, this restructure should have increased his 2009 cap figure by about $1.0 million or so.[/quote]Well if thats the case that is not bad, but he should take a paycut.

Re: Jon Jansen Restructures
 

I think we can expect Portis, Betts, and Samuels soon, and we'll be working with 6 million dollars under in free agency.

Re: Jon Jansen Restructures
 

[quote=Schneed10;424802]Yeah I agree with it, primarily because I still think Jansen is a stud. People are quick to rag on him, but I don't see the logic.[/quote]Can he be a stud two years from now, when we are guarenteeing him almost 3.5 million plus a 6 million base salary?

Maybe, but he's going to have to stay on the field andhealthy.

Re: Jon Jansen Restructures
 

[QUOTE=Schneed10;424802]Yeah I agree with it, primarily because I still think Jansen is a stud. People are quick to rag on him, but I don't see the logic.[/QUOTE]

I would not caategorize Jansen as a stud anymore. His skills and technique have been on the decline for the last 3 years. He may be a better fit at Guard.

Re: Jon Jansen Restructures
 

[QUOTE=SmootSmack;424710]Looks like he's agreed to the vet min :)

Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000

[url=http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=26979]NFL Players Association - Resources - Active Player Search[/url]

Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs[/QUOTE]

Outstanding! I was thinking we would have to cut him due to his high salary. I am quite pleased he chose to restructure. Just another reason we should keep this guy around. When healthy he's a top tackle.

Re: Jon Jansen Restructures
 

Love this time of year.

I'll do another cap sheet update tonight as well as the long awaited Cap 101 thread.

Thanks again to Schneed for all his work.

Re: Jon Jansen Restructures
 

[QUOTE=CrazyCanuck;424826]Love this time of year.

I'll do another cap sheet update tonight as well as the long awaited Cap 101 thread.

Thanks again to Schneed for all his work.[/QUOTE]

So if we're 6 million under the cap, is that enough to go after Briggs and say Williams and some needed depth?

Re: Jon Jansen Restructures
 

I just did an update.

- Jansen's restucture was a basic salary ($4.25M) to signing bonus move. It saved us $3.2M on the 2008 cap as Schneed predicted.

- Cooley's numbers didn't change on my sheet with his "restructure". The $11M roster bonus never made any sense, I'm quite sure it was guaranteed all along.

- The Red Snapper signed for the vet min. He'll make $830K salary plus a $40K signing bonus. Because of the vet min exemption he will count $485K against our 2008 cap.

Right now I have us at $5.8M over the cap, but Brunell's imminent release will save us $3.5M, bringing us to $2.3M over. I still have Rock on my sheets too but if he leaves it will only save us $230K against the cap.

Re: Jon Jansen Restructures
 

[quote=EARTHQUAKE2689;424712]Talk about a guy who never complains just comes in and does his job (when he is healthy) I will give it 5 minutes before Schneed fills us in with all his cap wisdom[/quote]

are you serious? he's NEVER healthy...he may be a character guy, but he's nothing but an overpaid liability. every year we get our hopes up that the line will be healthy and dominant- he's missed 2 of the past 3 years. tough to complain when you are well paid and never have to do anything...

Re: Jon Jansen Restructures
 

[QUOTE=BrunellMVP?;424854]are you serious? he's NEVER healthy...he may be a character guy, but he's nothing but an overpaid liability. every year we get our hopes up that the line will be healthy and dominant- he's missed 2 of the past 3 years. tough to complain when you are well paid and never have to do anything...[/QUOTE]

But for what we restructured him for, it's worth it to take that chance.

Re: Jon Jansen Restructures
 

[quote=BrunellMVP?;424854]are you serious? he's NEVER healthy...he may be a character guy, but he's nothing but an overpaid liability. every year we get our hopes up that the line will be healthy and dominant- he's missed 2 of the past 3 years. tough to complain when you are well paid and never have to do anything...[/quote]


see that is why i put in parathensis when he is healthy

Re: Jon Jansen Restructures
 

[quote=BrunellMVP?;424854]are you serious? he's NEVER healthy...he may be a character guy, but he's nothing but an overpaid liability. every year we get our hopes up that the line will be healthy and dominant- he's missed 2 of the past 3 years. tough to complain when you are well paid and never have to do anything...[/quote]
He missed 2 of the last 4 years. He was out in 2004 and 2007. He only missed one game total from 2005-2006.

Re: Jon Jansen Restructures
 

[QUOTE=steveo395;424916]He missed 2 of the last 4 years. He was out in 2004 and 2007. He only missed one game total from 2005-2006.[/QUOTE]

He didn't miss a single game in coach or as a pro from 1999-2004.

I love how people say he just sat around collecting his check, as if he really was hoping to shred parts of his body and spend countless hours rehabbing.