Jon Jansen Restructures

Schneed10 · 02-21-2008, 03:57 PM

Quote:

Start: $20.4 million OVER cap

Potential Roster Cuts:
Phillip Daniels - $3.0 million saved
Shawn Springs - $2.5 million saved
Pete Kendall - $1.8 million saved
Todd Wade - $700K saved
Total Savings for Cuts: $8.0 million

Keeping These Players, Restructuring 2008 Base Salary, Prorating over Remaining life of Contract:
Randy Thomas - $3.7 million saved - EXECUTED
Clinton Portis - $3.2 million saved
Jon Jansen - $3.2 million saved - EXECUTED
Chris Samuels - $2.8 million saved
Cornelius Griffin - $2.6 million saved
Santana Moss - $1.9 million saved
Casey Rabach - $1.4 million saved
Total Salary Restructure Savings: $18.8 million

Keeping These Players, Restructuring 2008 Roster Bonuses, Prorating over Remaining life of Contract:
Ladell Betts - $1.7 million saved
Clinton Portis - $0.4 million saved
Chris Cooley - $9.2 million saved - EXECUTED
Andre Carter - $1.9 million saved - EXECUTED
Antwaan Randle-El - $1.2 million saved - EXECUTED
Total Bonus Restructure Savings: $14.4 million

AFTER EXECUTED TRANSACTIONS: $0.8 MILLION OVER

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.

SmootSmack · 02-21-2008, 04:03 PM

Quote:

Originally Posted by Schneed10

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 affect 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.

How will Rock Cartwright factor into all this?

Schneed10 · 02-21-2008, 04:12 PM

Quote:

Originally Posted by SmootSmack

How will Rock Cartwright factor into all this?

Right now, Cartwright is a free agent, thus resigning him would be a hit to our cap figures. Signing him would move us further into the red.

Right now, the 51st man on our team counts $370K against the cap. For simplicity's sake, let's say we resign Rock for a one year deal worth $1.0 million. His signing would bump the 51st man out of the top 51, reducing our cap by $370K. He would then be added at $1.0 million. So the net effect of signing him, in this example, would be a hit of $630K.

Obviously if he signs with us for more money than that, the hit would be worse.

Rumors from JLC on his blog have indicated that the Skins may let him walk. Provided that they have a decent fallback option for kick returning and special teams, this could be a decent move. Our 3rd RB doesn't see the field often, so seeing him leave from a RB standpoint is really no big deal. But the staff will need to be cognizant of replacing his special teams leadership if they decide to let him go.

GTripp0012 · 02-21-2008, 04:57 PM

Quote:

Originally Posted by Schneed10

Right now, Cartwright is a free agent, thus resigning him would be a hit to our cap figures. Signing him would move us further into the red.

Right now, the 51st man on our team counts $370K against the cap. For simplicity's sake, let's say we resign Rock for a one year deal worth $1.0 million. His signing would bump the 51st man out of the top 51, reducing our cap by $370K. He would then be added at $1.0 million. So the net effect of signing him, in this example, would be a hit of $630K.

Obviously if he signs with us for more money than that, the hit would be worse.

Rumors from JLC on his blog have indicated that the Skins may let him walk. Provided that they have a decent fallback option for kick returning and special teams, this could be a decent move. Our 3rd RB doesn't see the field often, so seeing him leave from a RB standpoint is really no big deal. But the staff will need to be cognizant of replacing his special teams leadership if they decide to let him go.

Do you agree with this move?

Certainly, the Skins can use the extra cap dollars right now as this will likely be used to release Lloyd with, but the trade off is $1 million more guarenteed to Jansen in each of the next 3 seasons (on top of the 2.25 million we were already giving him), and at least one more year of not being able to get away from him.

I guess were were going to handcuff ourselves somewhere, but I'm not sure that this was the right contract to do it with.

Schneed10 · 02-21-2008, 04:59 PM

Quote:

Originally Posted by GTripp0012

Do you agree with this move?

Certainly, the Skins can use the extra cap dollars right now as this will likely be used to release Lloyd with, but the trade off is $1 million more guarenteed to Jansen in each of the next 3 seasons (on top of the 2.25 million we were already giving him), and at least one more year of not being able to get away from him.

I guess were were going to handcuff ourselves somewhere, but I'm not sure that this was the right contract to do it with.

Yeah I agree with it, primarily because I still think Jansen is a stud. People are quick to rag on him, but I don't see the logic.

Paintrain · 02-21-2008, 04:30 PM

Quote:

Originally Posted by Schneed10

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.

Schneed10 · 02-21-2008, 04:56 PM

Quote:

Originally Posted by Paintrain

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.

Brunell is a free agent, his contract is voiding. The team has no intentions to resign him.

hooskins · 02-21-2008, 04:01 PM

well I was wrong and that's good, .8 over sounds great. I still see a lot of potential savings and it seems that media critics have finally learned to shutup because we always find a way to bring down our numbers.

MTK · 02-21-2008, 04:14 PM

Betts will probably go back to returning kicks if Rock leaves.

dmek25 · 02-21-2008, 04:15 PM

schneed, great job. just saw on the nfl network that the skins are about 775,000 over thew cap.

T.O.Killa · 02-21-2008, 04:21 PM

Yeah, but that makes his cap release number go way up next year. Does anyone know if Randy moss was franchised, I saw nothing yet and I think the dead line is 4pm

Paintrain · 02-21-2008, 04:26 PM

Quote:

Originally Posted by SmootSmack

Looks like he's agreed to the vet min

Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000

NFL Players Association - Resources - Active Player Search

Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs

FINALLY someone signed for close the veteran's minimum. Whew, now that he's done it then everyone else will want to come here and do it too, right!?!

EARTHQUAKE2689 · 02-21-2008, 04:39 PM

Quote:

Originally Posted by Paintrain

FINALLY someone signed for close the veteran's minimum. Whew, now that he's done it then everyone else will want to come here and do it too, right!?!

Not when they read your sig.

Paintrain · 02-21-2008, 04:44 PM

Quote:

Originally Posted by EARTHQUAKE2689

Not when they read your sig.

I forgot to put the sarcasm smiley at the end of my post.

T.O.Killa · 02-21-2008, 04:44 PM

Can someone explain this better, that understands it. The way I understand it is Jansen just got several million dollars guarenteed, that will be spread out over the remaining life of his contract. Making his cap number huge next year and the subsequent years. Is that correct or did he say, my play has not been that great and I was injured, so for the good of the team I will give up millions?

02-21-2008, 04:01 PM	#8
hooskins Most Interesting Man in the World Join Date: Dec 2005 Location: Chantilly, VA Age: 38 Posts: 8,606	Re: Jon Jansen Restructures well I was wrong and that's good, .8 over sounds great. I still see a lot of potential savings and it seems that media critics have finally learned to shutup because we always find a way to bring down our numbers. __________________ Vacancy

02-21-2008, 04:14 PM	#9
MTK \m/ Join Date: Feb 2004 Age: 52 Posts: 99,832	Re: Jon Jansen Restructures Betts will probably go back to returning kicks if Rock leaves. __________________ Support The Warpath! \| Warpath Shop

02-21-2008, 04:15 PM	#10
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 63 Posts: 10,672	Re: Jon Jansen Restructures schneed, great job. just saw on the nfl network that the skins are about 775,000 over thew cap. __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

02-21-2008, 04:21 PM	#11
T.O.Killa The Starter Join Date: Nov 2006 Location: Berlin, MD Posts: 2,061	Re: Jon Jansen Restructures Yeah, but that makes his cap release number go way up next year. Does anyone know if Randy moss was franchised, I saw nothing yet and I think the dead line is 4pm

02-21-2008, 04:44 PM	#15
T.O.Killa The Starter Join Date: Nov 2006 Location: Berlin, MD Posts: 2,061	Re: Jon Jansen Restructures Can someone explain this better, that understands it. The way I understand it is Jansen just got several million dollars guarenteed, that will be spread out over the remaining life of his contract. Making his cap number huge next year and the subsequent years. Is that correct or did he say, my play has not been that great and I was injured, so for the good of the team I will give up millions?

Jon Jansen Restructures

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