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MoLewisrocks 09-14-2010 02:48 PM
Brady contract details per Reiss
 
Brady receives $16m signing bonus - New England Patriots Blog - ESPN Boston

BradyManny 09-14-2010 02:52 PM
Re: Brady contract details per Reiss
 
Seems like a pretty well crafted deal for both sides.

I don't get what "guaranteed for injury and cap" means for next year's base salary.

The increased base salaries in the last two years could mean this is a contract they'll re-evaluate when it gets to that point. He's a bargain between now and then.

MoLewisrocks 09-14-2010 02:53 PM
Re: Brady contract details per Reiss
 
$50M over the first three. Another $19.5M this year on top of the $6.5M he was scheduled to or already received.

MoLewisrocks 09-14-2010 02:55 PM
Re: Brady contract details per Reiss
 
Quote:
Originally Posted by BradyManny (Post 2202482)
Seems like a pretty well crafted deal for both sides.

I don't get what "guaranteed for injury and cap" means for next year's base salary.

The increased base salaries in the last two years could mean this is a contract they'll re-evaluate when it gets to that point. He's a bargain between now and then.
You can guarantee for lots of things. Most common are loss of skill or injury. I think cap means you cannot cut him to effect a cap savings...someone else would have to go...;)

Nikolai 09-14-2010 02:59 PM
Re: Brady contract details per Reiss
 
Quote:
Originally Posted by MoLewisrocks (Post 2202488)
You can guarantee for lots of things. Most common are loss of skill or injury. I think cap means you cannot cut him to effect a cap savings...someone else would have to go...;)
Too bad, I was hoping we could cut Brady. I read an article on Sunday about how the Jest had a young, up-and-coming, QB.

BradyManny 09-14-2010 03:00 PM
Re: Brady contract details per Reiss
 
Quote:
Originally Posted by MoLewisrocks (Post 2202488)
You can guarantee for lots of things. Most common are loss of skill or injury. I think cap means you cannot cut him to effect a cap savings...someone else would have to go...;)
Gotcha (10 char)

ALP 09-14-2010 03:01 PM
Re: Brady contract details per Reiss
 
That makes sense considering this is the year without the cap, pay as much as u can now

MoLewisrocks 09-14-2010 03:02 PM
Re: Brady contract details per Reiss
 
Off the top of my head, his cap hit this season will be up by $7.5M. Thereafter it will be his salary plus roster bonus plus $4M of his remaining amortized signing bonus. If you extend him in a restructure once the new CBA is in place, you can start converting some of those roster bonuses (should be able to with the first one anyway) into signing bonuses to spread the hit. Right now you can only amortize for 4 years, a new CBA should put that back to 6 or length remaining on a deal.

BradyManny 09-14-2010 03:02 PM
Re: Brady contract details per Reiss
 
Do we know yet how signing bonuses will work on the cap if and when a cap is reinstated? Will that $16 mill be amortized over the cap as it would've been before?

EDIT: I see Mo answers the Q before I even posted it. ^^^^

MoLewisrocks 09-14-2010 03:11 PM
Re: Brady contract details per Reiss
 
Quote:
Originally Posted by BradyManny (Post 2202498)
Do we know yet how signing bonuses will work on the cap if and when a cap is reinstated? Will that $16 mill be amortized over the cap as it would've been before?

EDIT: I see Mo answers the Q before I even posted it. ^^^^
Only because they (league, owners) said up front they would continue to treat money the same way for accounting purposes in anticipation of the cap returning. This season there is no cap, but teams will still amortize signing bonus automatically. The limit however is for 4 years per the expiring CBA. Usually it's 6, last year it was 5 in anticipation of the uncapped year.


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