Rumored Portis Trade offered FROM! the Lions

[jdlea]

Originally Posted by Redskins_P

The money owed to CP would turn into a signing bonus/guaranteed money.

I could be wrong though. Schneed?

That's usually what they do, but I also think that just takes the pressure off of the cap for this season. It usually means that future cap hits are just gonna get worse. That one I need Schneed for...

[Schneed10]

Originally Posted by jdlea

That's usually what they do, but I also think that just takes the pressure off of the cap for this season. It usually means that future cap hits are just gonna get worse. That one I need Schneed for...

Yes, you're right. If he's scheduled to make $3.5 million in base salary, and they restructure so that $3.0 million becomes signing bonus, then the signing bonus gets allocated over the remaining years of the contract.

Portis is under contract until 2011. That's 5 more seasons. So take the $3 million bonus and divide it by 5 years. That's $600K allocated to each season.

In 2007, Portis would count the $500K base salary, plus $600K for the allocated signing bonus, or $1.1 million in total (not considering roster bonus and previous signing bonus). So instead of counting the $3.5 million all this year, he's going to count $1.1 million, saving us $2.4 million in 2007 by restructuring.

In 2008, 2009, 2010, and 2011, his cap number goes up by $600K each year.

You can see how it works. Reduce the cap hit now, spread it out over the remaining years. The more years the player has left, the more the future hit is spread out. With the salary cap going up by like $7 million a year these days, adding $600K to a player's cap number really isn't a big deal at all, and that's exactly why the 'Skins never encounter the "cap hell" the pundits are always saying they'll run into.