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Old 06-08-2010, 10:58 AM   #1
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Default Brady/Mankins Why Not This?

I'm hoping somebody can tell me the rules, and why or why not the Patriots can't do the following with regard to contracts for Brady and/or Mankins.

This is an uncapped year. Why can't they sign both players to huge 1 year contracts for this year? In other words, instead of signing Brady to (making up the numbers here, but you'll get my point) to $14M per year for 7 years, why not sign him to a 1 year $42M contract. That's $14M plus $28M. Then sign him to a 6 year contract next year for $14M a season, minus $28M. That would make it a 6 year, $56 contract, saving the team $5M per year against the cap (assuming it comes back).

You could do something similar for Mankins.

The contract could have verbiage in there giving the team a right of first refusal in the future, so they are protected next year.

What I'm trying to suggest is since you are not allowed to front load a long term contract, by rule. Circumvent that rule, and front load everything into a one year contract. The rule wouldn't count towards a new contract next year.

Is that doable, or is there something that prevents them from doing that? Discuss.
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Old 06-08-2010, 11:21 AM   #2
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Default Re: Brady/Mankins Why Not This?

My guess is that's not done for one of two reasons. Either because there's specific language in the CBA that protects against that kind of deal, or because it's a big risk to take that the player isn't just going to go after a market value deal somewhere else after you've just paid him three years worth of salary for one season.

"Oh, I'm supposed to sign for less now? Because this team over here is willing to pay my $14m instead of your 10. Thanks for the $42m though, my diamond crusted Hum-V is pretty sweet."
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Old 06-08-2010, 11:21 AM   #3
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Default Re: Brady/Mankins Why Not This?

Right of first refusal doesn't protect them from a holdout, though. That puts us right back where we are right now with Mankins.

Actually, right of first refusal means they can match what another team offers. So when the Jets offer Brady $140M/7 years, the Pats either have to match that or play Brady twice a year for the next few years.
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Old 06-08-2010, 11:40 AM   #4
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Default Re: Brady/Mankins Why Not This?

and why would they take a deal like that anyway waht happens if they take the one year deal then get injuried there is no security in that
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Old 06-08-2010, 11:47 AM   #5
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Default Re: Brady/Mankins Why Not This?

If I'm not mistaken the 30% rule prevents that scenario from happening. Perhaps they can get around that with a big signing bonus rather than a big salary though.

I'm sure somebody that knows more than I do about the 30% rule can set us straight.
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Old 06-08-2010, 12:12 PM   #6
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Default Re: Brady/Mankins Why Not This?

Collusion, cough, cough...
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Old 06-08-2010, 12:20 PM   #7
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Default Re: Brady/Mankins Why Not This?

Mankins would simply sign the $42M million contract and negotiate again when the team was allowed to sign a new long-term contract under the rules of the CBA, after a year. Brady is in a different since he is already signed for 2010. If you are suggesting tearing up his old contract and signing a new $42M dollar one year contract, I'm sure Brady would be fine with that. He too would then certainly be willing to to talk with the team about a long term contract afer the season.

As far as "collusion", business is business. Neither would accept a long-term contract under the terms you quoted.

Quote:
Originally Posted by Bostonian1962 View Post
I'm hoping somebody can tell me the rules, and why or why not the Patriots can't do the following with regard to contracts for Brady and/or Mankins.

This is an uncapped year. Why can't they sign both players to huge 1 year contracts for this year? In other words, instead of signing Brady to (making up the numbers here, but you'll get my point) to $14M per year for 7 years, why not sign him to a 1 year $42M contract. That's $14M plus $28M. Then sign him to a 6 year contract next year for $14M a season, minus $28M. That would make it a 6 year, $56 contract, saving the team $5M per year against the cap (assuming it comes back).

You could do something similar for Mankins.

The contract could have verbiage in there giving the team a right of first refusal in the future, so they are protected next year.

What I'm trying to suggest is since you are not allowed to front load a long term contract, by rule. Circumvent that rule, and front load everything into a one year contract. The rule wouldn't count towards a new contract next year.

Is that doable, or is there something that prevents them from doing that? Discuss.
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Old 06-08-2010, 01:26 PM   #8
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Default Re: Brady/Mankins Why Not This?

My guess is that you'd only do the one-year contract if you had some type of verbal agreement to sign a longer-term deal for agreed-upon terms after this year. Otherwise, why bother? And if you have that verbal agreement, you have a contract--whether it's written or not.
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Old 06-08-2010, 01:28 PM   #9
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Default Re: Brady/Mankins Why Not This?

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My guess is that you'd only do the one-year contract if you had some type of verbal agreement to sign a longer-term deal for agreed-upon terms after this year. Otherwise, why bother? And if you have that verbal agreement, you have a contract--whether it's written or not.
Also, the Minnesota Timberwolves would strongly recommend that teams think twice before taking that approach.
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Old 06-08-2010, 03:06 PM   #10
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Default Re: Brady/Mankins Why Not This?

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Originally Posted by jmt57 View Post
If I'm not mistaken the 30% rule prevents that scenario from happening. Perhaps they can get around that with a big signing bonus rather than a big salary though.

I'm sure somebody that knows more than I do about the 30% rule can set us straight.
The 30% rule would preclude it, including using a signing bonus which could not be amortized to anywhere to mitigate it's effect since it's a one year deal, not that any businessman in his right mind would attempt that foolish an end around even if it didn't...
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