Question for Miguel (or anyone else), RE: possible Moss contract extention

[NE39]

In today's article on Moss, Mike Reiss states the following:

According to the NFL's collective bargaining agreement, a player cannot renegotiate his contract more than once in a one-year period if it will cause an increase in his salary. So in Moss's case, if he hoped to sign an extension that would increase his salary, it would have to come after the season.

This does not prevent a Moss extension now, though does it?

I know you can't restructure a contract twice in a year, but I've always thought you can negotiate an extension at any time, as long as the cap number for the current season doesn't go up. Reiss' blurb seems to intimate they can't extend Moss until the offseason.

The Patriots can sign Moss to an extension as long as they keep his 2007 cap number the same, correct? Isn't that what they did when they extended Seymour?

 

[JoeSixPat]

In today's article on Moss, Mike Reiss states the following:



This does not prevent a Moss extension now, though does it?

I know you can't restructure a contract twice in a year, but I've always thought you can negotiate an extension at any time, as long as the cap number for the current season doesn't go up. Reiss' blurb seems to intimate they can't extend Moss until the offseason.

The Patriots can sign Moss to an extension as long as they keep his 2007 cap number the same, correct? Isn't that what they did when they extended Seymour?

I believe your interpretation is correct... which I believe would mean that Moss could sign an extension with guaranteed deferred bonus money that wouldn't be payable until the 1 year mark is up - it would just be deferred and not immediately included in the cap

My assumption here is that such deferred bonuses are not in the category of Likely To Be Earned bonuseses and therefore not subject to the current year cap

 

[NE39]

Bump for Miguel.

 

[spacecrime]

In today's article on Moss, Mike Reiss states the following:



This does not prevent a Moss extension now, though does it?

I know you can't restructure a contract twice in a year, but I've always thought you can negotiate an extension at any time, as long as the cap number for the current season doesn't go up. Reiss' blurb seems to intimate they can't extend Moss until the offseason.

The Pats could not extend Seymour until the year was up. Probably the reason is that the player could not receive a signing bonus, as that would increase the cap this year. Why would Moss sign now if there was no bonus money. Just wait until March 1. They can come to an agreement beforehand, as happened with Seymour. They coudl couldn't re-do the contract until March 1.

 

[cstjohn17]

Another question is he signed only for 1 year? or does he have reduced cap charge this year and then a huge salary figure for 08?

Inquiring minds want to know...

 

[NE39]

The Pats could not extend Seymour until the year was up. Probably the reason is that the player could not receive a signing bonus, as that would increase the cap this year. Why would Moss sign now if there was no bonus money. Just wait until March 1. They can come to an agreement beforehand, as happened with Seymour. They coudl couldn't re-do the contract until March 1.

I thought in Seymour's case they were able to re-do the contract within a year because they kept his cap number the same for the current season.

Like Seymour, the Pats could give Moss a smaller signing bonus up front with bigger option bonuses after the year to keep the cap number the same. With guarantees on the option bonus money (like Seymour), Moss would be happy to wait to get the actual money paid, because he is going to get it either way.

I could be wrong, but I believe that is the way it works. Though there are limitations, I don't think the Pats would have to wait to extend Moss. I'm hoping Miguel could shed some light on it.

 

[ctpatsfan77]

Another question is he signed only for 1 year? or does he have reduced cap charge this year and then a huge salary figure for 08?

Inquiring minds want to know...

Moss is only signed through 2007. Stallworth and Washington have "prove-it" deals. Welker has an honest-to-goodness, no-tricks five-year deal.

 

[Miguel]

In today's article on Moss, Mike Reiss states the following:



This does not prevent a Moss extension now, though does it?

I know you can't restructure a contract twice in a year, but I've always thought you can negotiate an extension at any time, as long as the cap number for the current season doesn't go up. Reiss' blurb seems to intimate they can't extend Moss until the offseason.

The Patriots can sign Moss to an extension as long as they keep his 2007 cap number the same, correct? Isn't that what they did when they extended Seymour?

That's what the Patriots did with Seymour. As Adamjt13 reported on this board - "Seymour got a renegotiation bonus of $5.34 million, prorated at $1,335,000 per season. He also got a workout bonus of $100,000 in addition to his standard $6,160 workout bonus. His $585,000 base salary, plus his $1,335,000 prorated bonus and $100,000 additional workout bonus add up to $2.02 million -- exactly what his salary would have been, which is why his cap number is the same." Please note that Seymour got this bonus less than a year after his salary was increased in August, 2005.

 

[NE39]

That's what the Patriots did with Seymour. As Adamjt13 reported on this board - "Seymour got a renegotiation bonus of $5.34 million, prorated at $1,335,000 per season. He also got a workout bonus of $100,000 in addition to his standard $6,160 workout bonus. His $585,000 base salary, plus his $1,335,000 prorated bonus and $100,000 additional workout bonus add up to $2.02 million -- exactly what his salary would have been, which is why his cap number is the same." Please note that Seymour got this bonus less than a year after his salary was increased in August, 2005.

Thanks, that was what I thought.

So, the Pats could extend Moss during the season this year, as long as his cap number for 2007 does not rise, correct?