Originally posted by BOI49er:
Jimmy's cap money this year is $26.4m. His dead money if cut prior to week one is $2.8m. All vested veterans (4 years) salaries become fully guaranteed if they are on the week one roster.
Restructuring is borrowing from the future. You reduce the current year cap, and spread the rest out over the remaining life of the contract, but it all has to be "paid" as in charged off to the team's cap. Yes you can convert pay to a signing bonus now and pro rate the payment over the life of the contract, so that the future years cap hit is higher than the actual payments, since he already got it. If you retire early, you may owe the team some of that money back. If we want to save cap money over the life of the contract, we need to renegotiate lower pay under leverage of just being able to cut him.
Hmm you're correct the base salary becomes gtd.
also I never said it doesn't get paid (technically they're already paid)...but depending on the life of the contract the ramification of how much higher the cap hit is, really isn't incredibly more. For sure you want to restructure guys that are in your LT plans.
the fact remains that they can still have Jimmy on the roster this yr and resign who they need to resign, AB has it all there on his website. Also being able to structure contracts knowing that Jimmy won't be under contact in 2022 is a positive.
[ Edited by NYniner85 on Mar 6, 2021 at 7:54 PM ]