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-   -   Jon Jansen Restructures (http://www.thewarpath.net/salary-cap-central/22629-jon-jansen-restructures.html)

SmootSmack 02-21-2008 03:19 PM

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

Mattyk 02-21-2008 03:20 PM

Re: Jon Jansen Restructures
 
We should be out of the red very soon now, who else is left to restructure?

EARTHQUAKE2689 02-21-2008 03:21 PM

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

EARTHQUAKE2689 02-21-2008 03:22 PM

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

steveo395 02-21-2008 03:26 PM

Re: Jon Jansen Restructures
 
I could be wrong, but I think this saves about $3.2 million

EARTHQUAKE2689 02-21-2008 03:39 PM

Re: Jon Jansen Restructures
 
Really how much money do we have now?

SkinsFanSince91 02-21-2008 03:51 PM

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

hooskins 02-21-2008 03:56 PM

Re: Jon Jansen Restructures
 
So we are around 5 to 8 mil in the red now right?

Schneed10 02-21-2008 03:57 PM

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.

hooskins 02-21-2008 04:01 PM

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.

SmootSmack 02-21-2008 04:03 PM

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?

Schneed10 02-21-2008 04:12 PM

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.

Mattyk 02-21-2008 04:14 PM

Re: Jon Jansen Restructures
 
Betts will probably go back to returning kicks if Rock leaves.

dmek25 02-21-2008 04:15 PM

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


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