P. Ram Restructures!

[SmootSmack]

According to Hail Redskins this is what the link says:

The full post:

Ramsey's new figures:

2005: Base salary dropped from $1.602M to the 4th-year minimum of $455,000
2006: Base salary INCREASED from $1.188M to $1.688M

This could be a couple things:

1. It could be a simple restructuring with his 2005 base salary being reduced from $1.602M to $455,000 with the difference being made up via a signing bonus, with the increase in 2006 due to an escalator (his 2005 base salary recently increased $500,000 from $1.102M to $1.602M because of an escalator, so another $500,000 escalator for 2006 would make sense). In this case, the $1.147M bonus he would receive would be prorated $573,500 for 2005 and 2006. Along with the $620,000 allocation from his 2002 rookie signing bonus and adjusted base salary, his 2005 cap number would be $1.649M, a savings of $573,000 from his previous 2005 cap number of $2.222M.

2. He could have reduced his base salary from $1.602M to $455,000 with SOME of the difference being paid via a signing bonus, and the rest being transferred to his 2006 base salary. In this case, he would have received a $647,000 signing bonus with the remaining $500,000 being pushed to his 2006 base salary. In this case, the $647,000 bonus would be prorated $323,500 for 2005 and 2006. Along with the $620,000 allocation from his rookie signing bonus and adjusted base salary, his 2005 cap number would be $1.399M, a savings of $823,000 from his previous 2005 cap number of $2.222M; this would save $250,000 more from his 2005 cap number than the first scenario, but would cost $250,000 more on his 2006 cap number.