eom

I've heard it mentioned a few times that a brady extension could save cap, and I was wondering how much would that really save.

you'd basically just be rollingt his year's salary into a signing bonus, right?
so, you save, say 4m on the salary end, but then you'd end up w/some new bonus amortization against the '09 cap.
would you really end up saving any '09 cap?

TriplecHamp

Very Good Question, I would like for us to extend Brady, and Wilfork or Seymour before the season. Miguel can you help us out?

eom

hahaha...those guys are a whole different case.

wilfork is already cheap, so you don't save cap on him --- you spend it.
extending brady could be a cap saving move, like delhomme's deal supposedly was, I'm just curious if that's really the case.

pats1

The most the Pats would be able to reduce Brady's salary by is $386,720 before they would start incurring Deion charges. If the Pats, say, reduced Brady's salary from 5,000,000 to 3,000,000 (a difference of $2,000,000) and converted that to a signing bonus, then there would be a net cap credit of $1,000,000, since there would be a $1,000,000 proration added (Brady has 2 years left on his contract). However, Brady's non-prorated amounts would be $6,006,720 ($3,000,000 + $3,000,000 roster bonus + $6,720 workout bonus), which is less than his signing bonus allocation of $7,620,000 ($6,620,000 + $1,000,000 new proration). The difference ($1,613,280) would then be charged to the 2009 cap (capped) and credited to the 2010 cap (uncapped). Therefore, in the end you'd have a net cap hit of [$2,000,000 (the salary reduction) - $1,000,000 (the new bonus allocation) - $1,613,280 (the Deion charge)], or $613,280.

Aren't uncapped years great? (although in this case, it's also the length of Brady's contract that is causing problems)

By the way, if the Pats were to reduce Brady's salary by $386,720, their net cap hit would be half of that, or $193,360.

EDIT: This calculation ignores some details and therefore is inaccurate; see posts below.

37Harrison

__________________
S.H.E.S.

pats1

In other words, there are rules that prevent this.

JoeSixPat

Right - otherwise I think you'd see every team convert nearly all salary this year into next year's potential uncapped year.... though even that would be risky as it could be next year won't be capped (though I have a tough time seeing both sides coming to an agreement).

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

ctpatsfan77

Not necessarily. . . . if there are fewer than three capped seasons, then it's based on the total figures for the first three seasons.

__________________
"Momentum was quickly snatched away by New England, who once again proved that any Patriot, at any moment, can make a play." —Inside the NFL, Packers v. Patriots

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

pats1

You're correct, I had forgotten an uncapped year could be considered if there were less than two years remaining on the deal. And actually, the $6,620,000 number Miguel has is made up of $2.9M of old signing bonus and $2.4M of old option bonus prorations, so the only prorated figures being considered are the current signing bonus ($1.32M/y) plus whatever is prorated from the salary reduction. But because of the two $3M roster bonuses (2009 and 2010) being added to the non-prorated number, the Deion charge probably won't come into effect at all.

Good catch.

Patjew

For some reason this thread title always reminds me of "I Can Has Cheezburger?"

__________________
Drink like a beast.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.