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re: Matt Flynn to Green Bay
Posted on 11/12/13 at 12:41 pm to TigerBait1127
Posted on 11/12/13 at 12:41 pm to TigerBait1127
quote:
I think he's getting paid the same amount regardless from the Seattle contract. Each team that signs him has to pay the remaining guaranteed money
no. any team that guarantees him money is on the hook for that money less any monies that he makes as a result of signing a new contract. Seattle is still paying him.
Posted on 11/12/13 at 12:44 pm to southernelite
quote:
Seattle's Matt Flynn provides one example. While the Seahawks have cap room to carry Flynn's $5.25 million salary and $7.25 million cap number, those figures do not represent great value for a backup. Flynn has some security against release, however, because the $6 million signing bonus he received is counting $2 million against the cap in each of the three years of the deal. Flynn also has $2 million in 2013 base salary guaranteed. So, if the Seahawks were to release Flynn, they would still be on the hook for that $2 million in guaranteed salary, which would count against their cap. They would also have to account under the cap for some of the $6 million in bonus money paid earlier. One-third of that $6 million counted against the 2012 cap. The remaining two-thirds would count against the 2013 cap if the Seahawks released him. That means Flynn's contract would count $6 million against the 2013 cap even if Seattle released him. The price for keeping Flynn on the roster is an additional $1.25 million in cap room -- not much in the bigger picture.
Article from March 7, ESPN
This post was edited on 11/12/13 at 12:45 pm
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