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Cap Effect of Extension

Discussion in 'PatsFans.com - Patriots Fan Forum' started by mgteich, Dec 31, 2008.

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  1. mgteich

    mgteich PatsFans.com Veteran PatsFans.com Supporter

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    I suggest that we analyze the cap effect of offering 4 year extensions to Wilfork, Green, Mankins and Seymour.

    It seems that the three components of an extension are:
    signing bonus
    2010 team option bonus
    2010-2013 salaries

    It would seem that only the signing bonus would count against the 2009 cap. Is that correct. For example, if each received a $10M signing bonus, the effect on the cap would be 4 contracts at $2M a year ($10M over 5 years) or $8M. The 2010 cap effect would be this $8M plus the salaries plus 1/4 of the 2010 bonus. Is this all correct?

    There may be other structures that work a bit better, with spreading some of current salaries, but I am not sure the effect is large.

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