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Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
If a RFA does not sign the tender by the 15th, the teams can reduce the tender to 110% of his prior year salary. In Mankins case, that means he loses $1.54M on his tender amount.
The Denver Post has an article about the Broncos sending such a letter to Elvis Dumervil. It mentions the following:
Quote:
The union source said New England's Logan Mankins and San Diego's Vincent Jackson along with Marcus McNeill were among unsigned restricted free agents who received similar letters.
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Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
You mean that at least 2 other teams are real meanies like BB and cheap bastids like Kraft! Say it ain't so!
__________________
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as "bad luck." RAH
Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
Virtually every team that has a RFA who hasn't signed their tender will do the same thing. It is a bargaining chip to get their player into camp. Why wouldn't teams use it?
Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
Quote:
Originally Posted by Gwedd
Well,
It's gonna be an interesting week. My money says he signs, but you just never know.
I think Vincent Jackson or Marcus McNeil actually intend to sign their tender and then sit out because their daily fine for sitting out will still make them more than if they have their tender drop.
Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
Quote:
Originally Posted by KontradictioN
Now we get to see if the reports of Mankins being "furious" were really true...
You know, I was thinking the same thing. After awhile, you just accept all the crap that being tossed out about the Patriots, and don't worry about it. Eventually the truth will play out, and like as not, the talking heads in the studios are way off the mark.
Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
Quote:
Originally Posted by NE39
If a RFA does not sign the tender by the 15th, the teams can reduce the tender to 110% of his prior year salary. In Mankins case, that means he loses $1.54M on his tender amount.
The Denver Post has an article about the Broncos sending such a letter to Elvis Dumervil. It mentions the following:
reducing by 110% will actually increase the salary. What am I missing?
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Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
Quote:
Originally Posted by WhiZa
reducing by 110% will actually increase the salary. What am I missing?
Mankin's salary was $1.4 million last year which makes his reduced to $1.54 million if they reduced tender (which is 110% of the $1.4 million). His current tender if he signs it is $3.268 million. So he will lose about $1.768 million if the Pats reduce his tender.
Re: Pats send letter to Mankins, will reduce tender if he doesn't sign by the 15th
The danger in signing is that the player can then be traded to whoever the team chooses. The player loses leverage. He would still have the leverage of sitting out for the entire preseason and perhaps a game or two.
In any case, if the situation is that bad with a player, he has no reason to cooperate with the team. The players loses money only if the team decides not to do anything and accept that the player will not be available until after Labor Day, and will be playing the season with a chip on his shoulder. In the end, the player won't lose anything by not signing. The team will cave and signhim to a new one year contract (with no franchise) or trade him to a team that the player accepts, with the player having received permission to negotiate with the new team.
In any case, the choice for the player is to give up leverage now and play for the RFA amount or to take a stand.
Quote:
Originally Posted by Rob0729
I think Vincent Jackson or Marcus McNeil actually intend to sign their tender and then sit out because their daily fine for sitting out will still make them more than if they have their tender drop.