Griffin Restructuring Nearly Done

[The Goat]

Originally Posted by GTripp0012

Yea for blocking all the young guys!

In all honesty, Griffin really does deserve to stay. I just figured that the Haynesworth contract would be at his expense.

That's what is puzzling me... after Springs who else could be cut to make room for $15 mill/year on the books? Griffs contract definitely wouldn't do it.

[MTK]

Originally Posted by The Goat

That's what is puzzling me... after Springs who else could be cut to make room for $15 mill/year on the books? Griffs contract definitely wouldn't do it.

Taylor?

[The Goat]

Originally Posted by Mattyk72

Taylor?

u read my mind...

[Schneed10]

Originally Posted by The Goat

That's what is puzzling me... after Springs who else could be cut to make room for $15 mill/year on the books? Griffs contract definitely wouldn't do it.

Haynesworth's contract would not take up 15 million of cap space in the first year.

[53Fan]

Originally Posted by Schneed10

Haynesworth's contract would not take up 15 million of cap space in the first year.

So if we don't have a cap next year, or thereafter for that matter, then the money is not as devastating to what we can do in the future as it seems? After all these years of dealing with the cap it's hard to get back in that mindset but is that correct Schneed? And do you know what the caphit would be at 15 mil the first year or do you need other facets of the contract before you would know?

[GTripp0012]

Originally Posted by 53Fan

So if we don't have a cap next year, or thereafter for that matter, then the money is not as devastating to what we can do in the future as it seems? After all these years of dealing with the cap it's hard to get back in that mindset but is that correct Schneed? And do you know what the caphit would be at 15 mil the first year or do you need other facets of the contract before you would know?

Assuming a 6 year deal at 100 million, we simply have to find a contract that increases by 30% every year until the entire deal is paid out in 6 years.

I wish I was as good with equations as I pretend to be, but ThatGuy threw something like this together in another thread.

[53Fan]

Originally Posted by GTripp0012

Assuming a 6 year deal at 100 million, we simply have to find a contract that increases by 30% every year until the entire deal is paid out in 6 years.

I wish I was as good with equations as I pretend to be, but ThatGuy threw something like this together in another thread.

Thanks GTripp. I'm kinda on the fence about this too, but if we don't have a cap in 2010 or thereafter then it really only affects us this year right? I mean The Danny can spend all he wants and it does'nt restrict us as far as what we spend or who we sign from 2010 on. Correct?

[GTripp0012]

Originally Posted by 53Fan

Thanks GTripp. I'm kinda on the fence about this too, but if we don't have a cap in 2010 or thereafter then it really only affects us this year right? I mean The Danny can spend all he wants and it does'nt restrict us as far as what we spend or who we sign from 2010 on. Correct?

Unfortunately, it isn't that easy thanks to the uncertainty in the CBA. I will say this: if 2010 is uncapped, we can unload all of our dead weight salary that year with no penalty whatsoever in the long run. 2010 may or may not be uncapped, but Schneed and I both think that ultimately, it will be, since that's the path we're heading for right now. (i.e. there will be a mass purge in D.C. at this time next year if 2010 is uncapped. All the older vets will go).

The big deal comes after that. SOMETHING has to get done in the next two calendar years. Otherwise, there's no more NFL football. So they will come to some agreement that either extends the salary cap, or gets rid of it forever. The earlier it gets done, the more likely it is we will have a cap in the future. With each passing day, it becomes more and more likely that there will never be a cap again.

Every team has to prepare itself for both outcomes. So we have to do the Haynesworth deal with a cap in mind, even though it may never matter.

And no matter what, it's going to limit what we can and cannot do this year.

[The Goat]

Originally Posted by Schneed10

Haynesworth's contract would not take up 15 million of cap space in the first year.

Hey Schneed what's your guess here? I got 15 mill by making some assumptions from an article.

[GTripp0012]

Originally Posted by The Goat

Hey Schneed what's your guess here? I got 15 mill by making some assumptions from an article.

Schneed is saying that the contract will be backloaded/ascending, as all football contracts tend to be thanks to the concept of a signing bonus/non-guaranteed contracts.

It's unlike most other sports where the money gets spread evenly throughout the deal.

So his cap number would be in the 4.5-5.0 million range for 2009 if the deal is 6/100. Then it would be around 8 or 8.5 in 2010.

After that, we're talking 15, 20, 25, and 18 (theres no SB proration in this part) in the final four years of the deal. Does that add up to 100? Who knows?

[SmootSmack]

Originally Posted by Schneed10

Haynesworth's contract would not take up 15 million of cap space in the first year.

Hey Schneed, in your overall cap analysis (and you might have done this already) did you factor in the LTBE amount?

[FRPLG]

Originally Posted by SmootSmack

Hey Schneed, in your overall cap analysis (and you might have done this already) did you factor in the LTBE amount?

I read major incentives in this contract from this question. Something along the lines of if he wins an defensive MVP or similar?

[SmootSmack]

Originally Posted by FRPLG

I read major incentives in this contract from this question. Something along the lines of if he wins an defensive MVP or similar?

No. Likely to Be Earned (LTBE) incentives. Has nothing to do with Haynesworth, has to do with the team as a whole. When certain incentives aren't reached by certain players then the amount gets pushed into the next season as a cap credit.

So, in short, we have around an extra $1.1 million dollars thanks to this.