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Old 02-21-2008, 04:30 PM   #6
Paintrain
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Join Date: Feb 2004
Location: Ft. Lauderdale, FL
Age: 54
Posts: 5,006
Re: Jon Jansen Restructures

Quote:
Originally Posted by Schneed10 View Post
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.
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.
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I'm not dead but this team is dead to me...but now that McCloughan is here they may have new life!

Jay Gruden = Zorny McSpurrier
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