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re: Junior Galette Restructured
Posted on 3/1/15 at 4:36 pm to BlacknGold
Posted on 3/1/15 at 4:36 pm to BlacknGold
quote:
so we owed him 12.5mil roster bonus. does this entire figure get off the books if converted into a signing bonus?
2.5 million would stay, 10 million would be knocked off this years cap.
2
Posted on 3/1/15 at 5:46 pm to MannyG
Yup. Basically it gets prorated over the last 5 years (including this year) so $2.5m is added to each year(and the original $12.5m is subtracted from this year).
So this year that's a savings of $12.5m less the $2.5m for a total of $10m in savings.
So this year that's a savings of $12.5m less the $2.5m for a total of $10m in savings.
Posted on 3/1/15 at 6:00 pm to MannyG
thanks. crazy how much you can immediately save by doing this type of thing.
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