Pats extend Cannon 2 years

JMC00 said:

Why do people think Fleming is Cannon's replacement? I get the impression that Belichick envisions Fleming in the starting OL next season at one of the Guard spots.

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So do I. This re-signing of the swing tackle Marcus Cannon, is only a confirmation of that thesis, despite the vehement protests by some Draftniks.

Belichick finally has an opportunity to build a truly dominant Offensive line. He has had to win with good tackles and acceptable hardnosed journeymen in the Offensive interior line. It has hurt in a couple of Superbowls, when one or more of the regulars gets dinged up, like Neal and Hochstein. He has relied on Dante to find acceptable reserves from the tailings of the League's castoffs,while he rebuilt other positions.

Now that the Defense has been reconstructed into a Championship caliber group, with ample depth everywhere, and the Offensive skill positions fortified, BB can do a thorough job on the Offensive line.

UDFA PS graduate players like Kline, Devey and Barker can be upgraded with starting caliber replacements. Re-signing Cannon gives BB a chance with only 3 upgrades to do rather than 4.Turning over 4 positions in a single year is excessive for a winning club.

Pats lost $1.066,666 in cap space which means that the only change to Cannon's 2014 cap number was the 3-year proration of his $3.2 million signing bonus.

ctpatsfan77 said:

(they can't trade him, since he goes through waivers)

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What??? Good Lord. Please explain that, Brother Connecticut. I've never heard of that in my Life, and I'm eager to learn what you're referring to.

Ben Volin tweeted that Cannon's salaries are as follows:
$1.2 million in 2015
$3.4 million in 2016
So out of the 9 million total we have accounted for $7.8 million. A fair guess is that Cannon has 600K in incentives in 2015 and 2016.

Miguel said:

Ben Volin tweeted that Cannon's salaries are as follows:
$1.2 million in 2015
$3.4 million in 2016
So out of the 9 million total we have accounted for $7.8 million. A fair guess is that Cannon has 600K in incentives in 2015 and 2016.

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Thanks, Miguel.

So since they apparently spread is signing bonus out over 3 years, he would have a 2015 cap hit of around $2.266M prior to incentives. That doesn't seem excessive. I presume the 2016 salary is not guaranteed, so the Pats would likely only be on the hook for $1.066M dead money if things don't work out.

Miguel said:

Pats lost $1.066,666 in cap space which means that the only change to Cannon's 2014 cap number was the 3-year proration of his $3.2 million signing bonus.

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mayoclinic said:

Thanks, Miguel.

So since they apparently spread is signing bonus out over 3 years, he would have a 2015 cap hit of around $2.266M prior to incentives. That doesn't seem excessive. I presume the 2016 salary is not guaranteed, so the Pats would likely only be on the hook for $1.066M dead money if things don't work out.

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The real effect on 2015 is more than you suggest. The real effect on the 2015 cap is $3.333M plus workout bonus and other incentives. If the bonus is truly spread over three years, the 2014 to 2015 carryover is reduced by $1.066M.

Miguel said:

Ben Volin tweeted that Cannon's salaries are as follows:
$1.2 million in 2015
$3.4 million in 2016
So out of the 9 million total we have accounted for $7.8 million. A fair guess is that Cannon has 600K in incentives in 2015 and 2016.

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Mayoclinic said:

Thanks, Miguel.

So since they apparently spread is signing bonus out over 3 years, he would have a 2015 cap hit of around $2.266M prior to incentives. That doesn't seem excessive. I presume the 2016 salary is not guaranteed, so the Pats would likely only be on the hook for $1.066M dead money if things don't work out.

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mgteich said:

The real effect on 2015 is more than you suggest. The real effect on the 2015 cap is $3.333M plus workout bonus and other incentives. If the bonus is truly spread over three years, the 2014 to 2015 carryover is reduced by $1.066M.

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From Reiss:
http://m.espn.go.com/general/blogs/blogpost?blogname=bostonnew-england-patriots&id=4774132&city=boston&src=desktop&rand=ref~{"ref"%3A"http%3A%2F%2Fwww.patsfans.com%2Fnew-england-patriots%2Fmessageboard%2Fforums%2Fpatsfans-com-patriots-fan-forum.10%2F"%7D

$1.2M base + 1.066M prorated bonus = $2.266M. Roster bonus, weight bonus and play incentive extra.

Of course, the $1.066 prorated portion for 2015 cuts into our 2015 carryover, so it cuts in to our 2016 adjusted cap.

Ben Volin on Twitter says that the extension is more of a one year extension. Saying that if he doesnt play well then there is no real cap hit if they want to cut Cannon in 2016
https://twitter.com/BenVolin/status/543770302325727233

meatface said:

Ben Volin on Twitter says that the extension is more of a one year extension. Saying that if he doesnt play well then there is no real cap hit if they want to cut Cannon in 2016
https://twitter.com/BenVolin/status/543770302325727233

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Miguel is this true?

meatface said:

Ben Volin on Twitter says that the extension is more of a one year extension. Saying that if he doesnt play well then there is no real cap hit if they want to cut Cannon in 2016
https://twitter.com/BenVolin/status/543770302325727233

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Brady_to_Moss said:

Miguel is this true?

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See post #125 above. We don't have the guaranteed breakdown, but presumably Cannon's $3.4M salary isn't guaranteed for 2016, plus any incentives. So the Pats would only be on the hook for the pro-rated portion of his signing bonus ($1.066M).

I think it's a decent signing. While he's not worked out at other positions, he did fill in nicely at RT for Vollmer last year. Vollmer is a higher than normal injury risk, part of the reason his contract was more manageable so this would be good insurance there, unless he's just completely regressed altogether.

2015 breakdown
Base salary: $1.2 million
Roster bonus: $250,000 ($15,625 for each game that he is active)
Weight bonus: $100,000 ($30,000 for making weight on 4/15, $35,000 for making weight on 6/1 and $35,000 for making weight on 7/15)
Playing time incentives: $250,000

2016 breakdown
Base salary: $3.4 million
Roster bonus: $250,000 ($15,625 for each game that he is active)
Weight bonus: $100,000 ($30,000 for making weight on 4/15, $35,000 for making weight on 6/1 and $35,000 for making weight on 7/15)
Playing time incentives: $250,000

Cannon's playing-time incentive is this: He earns the $250,000 each season if he plays more than 80 percent of the offensive snaps. As far as his weight clause is concerned, it's 350 pounds on the first date, 345 on the 2nd and 340 on the third (in both years).

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Summing up:

• In 2015 the unguaranteed part, if Cannon, Solder and Vollmer are all healthy, is $1.55 million of real money, plus $250K of fake.
• In 2016 the unguaranteed part is $3.75 million of real money if he stays healthy, plus $250K that is only real if he starts all season.

http://espn.go.com/blog/boston/new-...4774132/breaking-down-marcus-cannons-contract

Off The Grid said:

What??? Good Lord. Please explain that, Brother Connecticut. I've never heard of that in my Life, and I'm eager to learn what you're referring to.

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What I was trying to say is that essentially the only way, at this point, that Solder will not receive that $7+M guarantee in 2015 is if he gets cut before the end of the season.

The Patriots cannot trade him before that money becomes fully guaranteed, since it becomes fully guaranteed on day 1 of the 2015 league year.

I could simply be mis-remembering what I read in the CBA, but I believe that technically you can trade a player after the trade deadline, but only by exposing that player to waiver claims first (as in baseball, except that there are no "take backs" if you find out the player would get claimed).

Fencer said:

Summing up:

• In 2015 the unguaranteed part, if Cannon, Solder and Vollmer are all healthy, is $1.55 million of real money, plus $250K of fake.
• In 2016 the unguaranteed part is $3.75 million of real money if he stays healthy, plus $250K that is only real if he starts all season.

http://espn.go.com/blog/boston/new-...4774132/breaking-down-marcus-cannons-contract

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2015
Cannon will receive at least $4.4M including the signing bonus ($4.5M with weight clause met) if he active for Game 1.

2016
The team has an option to pay Cannon $3.4M plus incentives, with no new money guaranteed.

Congrats to Cannon! $4.5M plus incentives for 2015 services a big payday.

mgteich said:

2015
Cannon will receive at least $4.4M including the signing bonus ($4.5M with weight clause met) if he active for Game 1.

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Right, assuming you're correct about the vested veteran/guaranteed Day 1 rule applying to him.

And then the Pats in essence have a 2nd-year option for similar money.

Considering the obstacles he had to power through to get to this point, happy to see Cannon get a nice payday.

Brady_to_Moss said:

Miguel is this true?

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What Volin is true - "So realistically it’s a 1-year extension for Cannon. If he plays great, 2016 is a good value contract. If not, they can restructure/cut".

Miguel said:

What Volin is true - "So realistically it’s a 1-year extension for Cannon. If he plays great, 2016 is a good value contract. If not, they can restructure/cut".

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OK, this a one-year extension plus a team option (the same as most contracts including that of Revis). Folks have no trouble with that. Some are questioning whether the 2015 services of Cannon are worth $4.4M plus incentives. That is quite a lot, even if the second option year goes down to "only" $3.4M plus incentives.

So, it looks like a one year deal with a $3.4mm option for year two if the team views him as a starter. I can live with that.

Oswlek said:

So, it looks like a one year deal with a $3.4mm option for year two if the team views him as a starter. I can live with that.

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I one year deal for $4.4M plus incentives with a $3.4M option.