Salary Cap Status Update

[CrazyCanuck]

Originally Posted by Schneed10

Yeah I found the roster bonus structure pretty odd myself. Perhaps the team put $11 million in the form of roster bonus because putting too much of a signing bonus up front would have put the team over the 2007 cap? I can't remember what the numbers were.

I have a feeling it was set up that way to account for the Deion rule. This rule basically says you can only have so much signing bonus as a percentage of the total contract value, limiting the amount of money you can push to the future. Perhaps by setting the $11M as a roster bonus, they can restructure it without violating the Deion rule.

Originally Posted by Schneed10

That's definitely not a nitpick, that'd make a difference in the numbers. I tried to account for that, but maybe I have to go back and check. Looking at Griffin, he's got a base salary of $4.2 million in 2008. Figure you take $3.5 million of that and spread it over the life of the deal (4 years including '08) as signing bonus, so the hit on the bonus is $875K. Then layer back in the $700K in base salary. So $875 + $700K comes to approximately $1.6 million. So the hit on his salary drops from $4.2 million to $1.6 million, which is a savings of $2.8 million. So I guess I accounted for it in his case, but I'll go back and check the other guys though to be sure I did that right for all of them.

The numbers above are right on, maybe you just forgot on a couple guys. Either way it's a negligible difference and doesn't affect the discussion.

EDIT: "So the hit on his salary drops from $4.2 million to $1.6 million, which is a savings of $2.8 million." It's actually a savings of $2.6 million.

[SKINSnCANES]

Originally Posted by CrazyCanuck

I have a feeling it was set up that way to account for the Deion rule. This rule basically says you can only have so much signing bonus as a percentage of the total contract value, limiting the amount of money you can push to the future. Perhaps by setting the $11M as a roster bonus, they can restructure it without violating the Deion rule.



The numbers above are right on, maybe you just forgot on a couple guys. Either way it's a negligible difference and doesn't affect the discussion.

thats good to know, thanks for the info. Salary in the NFl is so flexible. Snyder keeps us otu of trouble by giving guaranteed money. its amazing how many different ways you could give someone 10 million over 4 years between signing bonuses, workout bonuses, roster bonuses...

anyone think they will ever be more strict about salary? do something like in basketball where rookies salaries are capped for teh first four years? make it so you have to honor teh contract as a player and as an owner, you cant just cut someone and not pay them. theres no point to long term deals in the nfl. we restructure so many salaries every year

[Schneed10]

Originally Posted by CrazyCanuck

EDIT: "So the hit on his salary drops from $4.2 million to $1.6 million, which is a savings of $2.8 million." It's actually a savings of $2.6 million.

LOL Me good at math.

[Schneed10]

Originally Posted by CrazyCanuck

The numbers above are right on, maybe you just forgot on a couple guys. Either way it's a negligible difference and doesn't affect the discussion.

Updated to incorporate these changes. Thanks for the catch CC!