New England Patriots Forums - PatsFans.com Patriots Fan Messageboard
Page 1 of 4 1 234
Show 40 post(s) from this thread on one page

New England Patriots Forums - PatsFans.com Patriots Fan Messageboard (http://www.patsfans.com/new-england-patriots/messageboard/)
-   PatsFans.com - Patriots Fan Forum (http://www.patsfans.com/new-england-patriots/messageboard/10/patsfans-com-patriots-fan-forum.html)
-   -   An overlooked AdamJT13 post (http://www.patsfans.com/new-england-patriots/messageboard/10/48786-overlooked-adamjt13-post.html)

pats1 01-16-2007 06:20 PM
An overlooked AdamJT13 post
 
For those who are mad about the Pats "not spending to the cap," it has indeed been done:

http://www.patsfans.com/new-england-...4&postcount=21

Quote:
Originally Posted by AdamJT13
The Patriots gave Antwain Spann a $2,913,410 LTBE incentive, gave Troy Brown a $350,000 LTBE incentive and gave Brown a $50,000 signing bonus, as well.
That is the last post in the thread titled "Money Under the Cap Gone?"

If anyone knows his stuff and gets the inside info, it's AdamJT13. And it's now clear the Pats have in one form or another used all of their cap space for 2006.

jefmblrd 01-16-2007 06:37 PM
Re: An overlooked AdamJT13 post
 
Why would the Patriots give Spann all of that money?

PATSNUTme 01-16-2007 06:39 PM
Re: An overlooked AdamJT13 post
 
Quote:
Originally Posted by pats1 (Post 304071)
For those who are mad about the Pats "not spending to the cap," it has indeed been done:

http://www.patsfans.com/new-england-...4&postcount=21



That is the last post in the thread titled "Money Under the Cap Gone?"

If anyone knows his stuff and gets the inside info, it's AdamJT13. And it's now clear the Pats have in one form or another used all of their cap space for 2006.
Gave Spann Almost $3 mil? No way, something is wrong.

fillylabinga 01-16-2007 06:41 PM
Re: An overlooked AdamJT13 post
 
This sounds highly dubious to me.

Neither of these guys are signed for 2007. Why would the Pats give bonuses to guys unless they were reworking their contracts?

As much as I would like it to be the case, if the Pats had resigned Troy Brown for next year I think we would have heard about it.

And $3M for Spann? Please.

Flying Fungi 01-16-2007 06:42 PM
Re: An overlooked AdamJT13 post
 
Quote:
Originally Posted by pats1 (Post 304071)
For those who are mad about the Pats "not spending to the cap," it has indeed been done:

http://www.patsfans.com/new-england-...4&postcount=21



That is the last post in the thread titled "Money Under the Cap Gone?"

If anyone knows his stuff and gets the inside info, it's AdamJT13. And it's now clear the Pats have in one form or another used all of their cap space for 2006.

nice catch--thanks for bringing it back to the surface

BelichickFan 01-16-2007 06:45 PM
Re: An overlooked AdamJT13 post
 
Quote:
Originally Posted by PATSNUTme (Post 304105)
Gave Spann Almost $3 mil? No way, something is wrong.
Jeez, guys, have you been under a rock ?

That's the LTBE "trick" where you give a guy a Likely to Be Earned incentive that is charged against the cap now but when he doesn't earn it, the cap money is "returned" next year - in essence moving the money from this year's cap to next year's.

BelichickFan 01-16-2007 06:46 PM
Re: An overlooked AdamJT13 post
 
Quote:
Originally Posted by fillylabinga (Post 304107)
This sounds highly dubious to me.
Do not doubt AdamJT13. He is a legend among amateur cap guys - seriously.

Isaac 01-16-2007 06:49 PM
Re: An overlooked AdamJT13 post
 
I remember hearing that there was something in the new CBA to prevent excessive use of the LTBE incentive trick. I guess not.

pats1 01-16-2007 06:57 PM
Re: An overlooked AdamJT13 post
 
Quote:
Originally Posted by jefmblrd (Post 304097)
Why would the Patriots give Spann all of that money?
It's an accounting trick teams use to transfer cap space to the next season.

After a certain date (in November), all incentives that are added to contracts are automatically LTBE (Likely to be earned) and are thus counted against the current season's cap. Because Spann obviously won't achieve the incentive the Pats gave him, that $2.9 million gets transfered to next season as a $2.9 credit to the Pats' 2007 cap.

fillylabinga 01-16-2007 07:08 PM
Re: An overlooked AdamJT13 post
 
Quote:
Originally Posted by pats1 (Post 304132)
It's an accounting trick teams use to transfer cap space to the next season.

After a certain date (in November), all incentives that are added to contracts are automatically LTBE (Likely to be earned) and are thus counted against the current season's cap. Because Spann obviously won't achieve the incentive the Pats gave him, that $2.9 million gets transfered to next season as a $2.9 credit to the Pats' 2007 cap.
Thanks for reminding me about this--I remember reading about that loophole now.

But then why split the money between Spann and Brown? Why not have all $3+mm go to Spann? Was that for accounting reasons too? Or did the Pats really give this bonus to Brown?

I hope this is a case of them looking out for their own.

Also, strangely, I feel kind of bad for Spann now.


All times are GMT -5. The time now is 01:04 AM.
Page 1 of 4 1 234
Show 40 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2

© Copyright 2000-2012. PatsFans.com Is a Partner of USA TODAY Sports Digital Properties.
The opinions posted in this forum do not necessarily reflect the opinions of our staff at PatsFans.com or USA Today.
We are not affiliated with the New England Patriots™ or the NFL™. The Photo Used In the header was taken by Ian Logue.

This site is owned and operated by I&K Internet Design Enterprises, LLC


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95