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re: Is Jarius Byrd medically cleared but refusing to play??
Posted on 9/4/15 at 11:53 am to TigerBait1127
Posted on 9/4/15 at 11:53 am to TigerBait1127
quote:
The 49ers are getting a credit. The money has to be paid to players as part of the cba
Signing bonuses are almost entirely paid up front. He has already been paid that money. He has to return the unearned portions to the 49ers.
LINK /
quote:
For option, roster, and reporting bonuses, repayment is required only if retirement happens in the year the money is earned. For signing bonuses, full repayment of all unearned portions of the money paid is required in the event of a retirement.
OTC does mention cap credit possibilities for the 49ers, but are a bit vague in the details. No other site has said anything about cap relief for retired players. I'll see if I can find something in the CBA.
This post was edited on 9/4/15 at 11:54 am
Posted on 9/4/15 at 12:04 pm to THRILLHO
OK, I'm starting to think that the team may get prorated cap credits if Byrd did retire. It's tough to find specifics on retired players + cap credits. But retirement is listed under types of a "Forfeitable Breach" in the CBA, and there are other cases of teams getting cap credits after forfeitable breaches. Unfortunately, those credits may not come until after a Brees retirement:
quote:
While conducting research for this blog post, I looked at a couple of cases to see how long it took a team to get a cap credit for recouped money. The Patriots released Jonathan Fanene on August 21, 2012 with a “failure to disclose physical condition” designation. The Patriots filed a grievance seeking some, if not all, of the $3.85 million signing bonus Fanene received when he signed with the team March 20. The grievance hearing was held in July of 2013. On September 21, 2013 ESPNBoston.Com’s Mike Reiss reported that “The Patriots and defensive lineman Jonathan Fanene (represented by the NFL Players Association) settled their grievance within the past week, according to sources, and part of the settlement is that the Patriots won’t have to pay Fanene the final $1.35 million of his $3.85 million signing bonus… We can now officially close the book on the Patriots’ failed Fanene signing, with Fanene able to keep $2.5 million of the original signing bonus and the Patriots receiving a credit on their 2013 salary cap.” On March 13, 2014 update OvertheCap’s owner, Jason Fitzgerald, tweeted referring to the Patriots 2014 adjusted cap number that “the official number (also includes the 504k adjust and 360k of fanene is a direct credit and not in adjustment”. To sum up it took the Patriots two years to get a credit for a grievance filed in 2012. It took the Falcons five years to get a $3 million credit for Michael Vick. In August 2007 they won a grievance against Vick for around $20 million. - See more at: LINK
Posted on 9/4/15 at 2:48 pm to THRILLHO
quote:
Signing bonuses are almost entirely paid up front. He has already been paid that money. He has to return the unearned portions to the 49ers.
Yes, I'm aware of that.
quote:
does mention cap credit possibilities for the 49ers, but are a bit vague in the details. No other site has said anything about cap relief for retired players. I'll see if I can find something in the CBA.
There's quotes in this thread from another article.
quote:
I think those quotes are based on the assumption that the money is not returned. If it is returned, I think the team is credited the money back.
This. It would have to be credited back or the NFLPA would lose their shite
This post was edited on 9/4/15 at 2:49 pm
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