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Can any salary cap gurus explain to me the $40 MM in year 1...
Posted on 7/13/12 at 1:21 pm
Posted on 7/13/12 at 1:21 pm
...and how we fit that in under the cap?
TIA
Oh, and :fapgif:
TIA
Oh, and :fapgif:
7
Posted on 7/13/12 at 1:22 pm to That's BS
signing bonus brah
Posted on 7/13/12 at 1:23 pm to redfieldk717
We paid him with the left over bounty money
Posted on 7/13/12 at 1:23 pm to Meateye
quote:I didn't think there was any to spare?
We paid him with the left over bounty money
Posted on 7/13/12 at 1:24 pm to That's BS
20 Million Cap hit 20 million Bonuses
Posted on 7/13/12 at 1:25 pm to That's BS
signing bonus doesn't go against the cap. brady makes around $1mil/yr but he gets the rest of his money in bonuses.
Posted on 7/13/12 at 1:25 pm to That's BS
What those guys said. Bonuses can be spread out over the life of the contract.
Posted on 7/13/12 at 1:25 pm to ForeverLSU02
quote:
I didn't think there was any to spare?
It was still full cuz no one ever got carted off.......
Posted on 7/13/12 at 1:25 pm to 504hornets
$10M salary plus $30M signing bonus = $40M to Drew in Year 1.
$30M signing bonus = $6M cap hit each year.
Year 1 cap hit = $10M + $6M = $16M, which I think is a hair less than his franchise tag tender.
This is all based on what I've read so far on the contract's structure, but if this is true, Loomis is the frickin' man!
$30M signing bonus = $6M cap hit each year.
Year 1 cap hit = $10M + $6M = $16M, which I think is a hair less than his franchise tag tender.
This is all based on what I've read so far on the contract's structure, but if this is true, Loomis is the frickin' man!
Posted on 7/13/12 at 1:25 pm to Patrick O Rly
Posted on 7/13/12 at 1:27 pm to Bacchus
quote:
This is all based on what I've read so far on the contract's structure, but if this is true, Loomis is the frickin' man!
If Loomis was the man he would have gotten this done last year.
Looks like guaranteed money was the issue and that Loomis caved.
Posted on 7/13/12 at 1:31 pm to bakersman
quote:
signing bonus doesn't go against the cap
FALSE
Posted on 7/13/12 at 1:34 pm to jacks40
quote:
If Loomis was the man he would have gotten this done last year.
Looks like guaranteed money was the issue and that Loomis caved.
brees signs and there is still bitching.
jesus christ
Posted on 7/13/12 at 1:36 pm to Deactived
Not bitching, happy he signed. Just not ignoring the past is all
Posted on 7/13/12 at 1:38 pm to Bacchus
So this deal actually saved us $400K this year?
Posted on 7/13/12 at 1:39 pm to jacks40
So, it's a 16m hit per year in years 1-3. Does that mean it is a 26M hit per year in years 4 and 5?
Posted on 7/13/12 at 1:40 pm to jacks40
quote:
f Loomis was the man he would have gotten this done last year.
Looks like guaranteed money was the issue and that Loomis caved.
why? we paid him 10 million last year, not 16, and we had the best team in the nfl. i think loomis did a fine job last year, and this year he found a way to fit it
Posted on 7/13/12 at 1:42 pm to That's BS
quote:
Can any salary cap gurus explain to me the $40 MM in year 1...
...and how we fit that in under the cap?
Don't care
Brees signed
Had sex
Posted on 7/13/12 at 1:45 pm to ForeverLSU02
quote:
We paid him with the left over bounty money
I didn't think there was any to spare?
Did you watch our defense last year?
Posted on 7/13/12 at 1:45 pm to staugslugga
quote:
why? we paid him 10 million last year, not 16, and we had the best team in the nfl. i think loomis did a fine job last year, and this year he found a way to fit it
Not every extension involves raises on years already under contract. They could have done this last year and still paid him the same amount for that season.
Regardless, good for both sides to finish this deal up, no holdout, as cap friendly as the highest paid player can be, and Drew will retire a Saint.
Loomis on the other hand will be fired once Freeh determines he was eavesdropping. /joking
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