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re: Can any salary cap gurus explain to me the $40 MM in year 1...
Posted on 7/13/12 at 1:56 pm to That's BS
Posted on 7/13/12 at 1:56 pm to That's BS
Key to negotiation was Peyton-Broncos. "Only" 18M in 2012 but if passes 2013 physical, activates 40M in guarantee money, thus 58 Million. Brees is 60 Million.
He will on paper get 20 Million this year and 20 Million next year and there is a 3 day window after the Superbowl where if the Saints wont to cut Brees, they can within that 3 day window, but if not, the rest of the Guarantee money is due.
He will on paper get 20 Million this year and 20 Million next year and there is a 3 day window after the Superbowl where if the Saints wont to cut Brees, they can within that 3 day window, but if not, the rest of the Guarantee money is due.
0
Posted on 7/13/12 at 2:07 pm to Bacchus
quote:
$10M salary plus $30M signing bonus = $40M to Drew in Year 1
So D is garaunteed the 10M salary 1st year even if (God Forbid) injured?
Posted on 7/13/12 at 2:08 pm to jhhingle
Are people really this dumb about the business of football?
So many people are asking how we can fit 40 million under the cap. Good god.
:help:
So many people are asking how we can fit 40 million under the cap. Good god.
:help:
Posted on 7/13/12 at 2:09 pm to Fun Bunch
quote:
Are people really this dumb about the business of football?
no, youre just that smart!
Posted on 7/13/12 at 2:12 pm to redfieldk717
quote:
no, youre just that smart!
Not really. Only someone who didn't follow sports at all would not know about signing bonuses.
There are a lot of complete retards that thought his salary/cap hit was 40 mill.
Posted on 7/13/12 at 2:15 pm to Fun Bunch
Per Gus Kattengale
Brees' cap hit
2012-$10.4
2013-$17.4
2014-$18.4
2015-$26.4
2016-$27.4
Brees' cap hit
2012-$10.4
2013-$17.4
2014-$18.4
2015-$26.4
2016-$27.4
Posted on 7/13/12 at 2:29 pm to 3HourTour
If that's true, then that means it was even smarter because Saints will likely get a ton more cap room in the next few years with the TV contract
Posted on 7/13/12 at 2:41 pm to That's BS
37 million signing bonus prorated over 5 years = 7.4 million dollars per year.
3 million base salary in 2012 = 3 million dollars.
7.4 million + 3 million = 10.4 million dollars. His exclusive franchise tag was a little more than 16 million dollars which was already calculated into the cap (if I'm not mistaken) which allows for about 6 million in cap savings this year.
I'll need more info for a further breakdown in future years, such as option bonuses, base salaries and bonus clauses (such as 5,000 yards passing, pro bowl bonuses, etc).
3 million base salary in 2012 = 3 million dollars.
7.4 million + 3 million = 10.4 million dollars. His exclusive franchise tag was a little more than 16 million dollars which was already calculated into the cap (if I'm not mistaken) which allows for about 6 million in cap savings this year.
I'll need more info for a further breakdown in future years, such as option bonuses, base salaries and bonus clauses (such as 5,000 yards passing, pro bowl bonuses, etc).
Posted on 7/13/12 at 8:46 pm to bakersman
quote:
signing bonus doesn't go against the cap. brady makes around $1mil/yr but he gets the rest of his money in bonuses.
...and Brady has signed contract extentions early to keep his cap hit from getting or staying too high.
Posted on 7/13/12 at 8:58 pm to jacks40
quote:
If Loomis was the man he would have gotten this done last year.
What does it matter?
quote:
Looks like guaranteed money was the issue and that Loomis caved.
You don't know that. We don't know how much guaranteed money was asked for.
Are you really dogging Loomis after all the success the Saints have had since he's been with the Saints?
Posted on 7/14/12 at 9:07 am to bbrownso
quote:
... which allows for about 6 million in cap savings this ye
What the hell are we going to do with an extra 6 million?
So are we going to restructure someone and give them money now or are we going to try to sign someone new for 6 million?
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