Welcome to PatsFans.com

Dillon redid his deal

Discussion in 'PatsFans.com - Patriots Fan Forum' started by Miguel, Mar 23, 2006.

  1. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,333
    Likes Received:
    215
    Ratings:
    +584 / 3 / -1

    #75 Jersey

    His 2006 salary used to be listed as $3,000,000. It is now listed as $710,000.
    If we presume that the difference (2,290,000) was converted into a signing bonus, then the Pats saved $1,717,500 this year while adding $572,500 to his cap hits in 2007,2008, and 2009.
     
  2. DefenseRules

    DefenseRules Pro Bowl Player

    Joined:
    Aug 22, 2005
    Messages:
    10,503
    Likes Received:
    87
    Ratings:
    +321 / 13 / -1

    #12 Jersey

    Very interesting. So now we have more cap room. Jesus, what are they going to do with all this money? Enquiring minds would like to know. ;)
     
  3. Pats726

    Pats726 Veteran Starter w/Big Long Term Deal

    Joined:
    Sep 13, 2004
    Messages:
    9,800
    Likes Received:
    8
    Ratings:
    +8 / 0 / -0

    A good find as always...and also a good move...did you see any others???
     
  4. SaCaCh

    SaCaCh Rotational Player and Threatening Starter's Job

    Joined:
    Sep 13, 2004
    Messages:
    1,169
    Likes Received:
    14
    Ratings:
    +21 / 0 / -0

    #87 Jersey

    It seems like we plan on clearing enough room to eventually sign the entire Arizona organization.
     
  5. Willie55

    Willie55 In the Starting Line-Up

    Joined:
    Jan 19, 2005
    Messages:
    2,803
    Likes Received:
    3
    Ratings:
    +3 / 0 / -0

    All right I have to ask it. What the hell are they going to do with all this cap space? I wish I knew the plan. UUUUUHHHHHH it's nawing at me!! Extend Seymour, Branch, Koppen. Bring in Moulds.
     
  6. PATSNUTme

    PATSNUTme Paranoid Homer Moderator Staff Member PatsFans.com Supporter

    Joined:
    Aug 14, 2005
    Messages:
    15,325
    Likes Received:
    105
    Ratings:
    +256 / 2 / -1

    #75 Jersey

    They wouldn't be creating all this cap space if they didn't have a plan. Keep the faith, we will see soon enough.

    And no, Bob Kraft is not doing this so he can put it in his pocket. They will spend up to the cap as they always do.
     
    Last edited: Mar 23, 2006
  7. skri65

    skri65 Rotational Player and Threatening Starter's Job

    Joined:
    Dec 17, 2005
    Messages:
    1,345
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    Arrington...Moulds??

    Either one will make me wet my undies.
     
    Last edited: Mar 23, 2006
  8. Pats726

    Pats726 Veteran Starter w/Big Long Term Deal

    Joined:
    Sep 13, 2004
    Messages:
    9,800
    Likes Received:
    8
    Ratings:
    +8 / 0 / -0

    I think your undies will be dry...no worry.
     
  9. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,333
    Likes Received:
    215
    Ratings:
    +584 / 3 / -1

    #75 Jersey

    I am not sure that the Pats actually have more cap room because of this deal. I think that this deal was part of the reason why the media has been recently reporting that the Pats were under the cap by $20 million.
     
  10. DaBruinz

    DaBruinz Pats, B's, Sox PatsFans.com Supporter

    Joined:
    Feb 8, 2005
    Messages:
    24,481
    Likes Received:
    233
    Ratings:
    +502 / 43 / -48

    #50 Jersey

    Could this be part of the mysterious 3 million that got the Patriots to the 20 million under the cap mark?
     
  11. PatsWickedPissah

    PatsWickedPissah PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Feb 10, 2005
    Messages:
    23,945
    Likes Received:
    746
    Ratings:
    +2,111 / 22 / -13

    Disable Jersey

    BINGO! We gots Bingo!
     
  12. PatsSteve1

    PatsSteve1 In the Starting Line-Up

    Joined:
    Sep 15, 2004
    Messages:
    2,795
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    It'd make no sense to push the cap hit out to later years unless they were going to do something with teh space this year. Unless it's some new accounting trick -:)
     
  13. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,755
    Likes Received:
    246
    Ratings:
    +607 / 17 / -16

    #24 Jersey

    Yeah, Dillon is one of the guys I definitely didn't expect to push our obligation to out into future years.
     
  14. mtbykr

    mtbykr PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Dec 4, 2004
    Messages:
    3,009
    Likes Received:
    3
    Ratings:
    +8 / 0 / -0

    #37 Jersey

    well

    Anyone else feel like Christmas morning: you know something is coming but you have no earthly idea what it is! :D
     
  15. Boston Boxer

    Boston Boxer U.S. Air Force Retired PatsFans.com Supporter

    Joined:
    Sep 14, 2004
    Messages:
    2,521
    Likes Received:
    26
    Ratings:
    +86 / 7 / -1

    #75 Jersey

    I think they are extending Big Sey to a big contract...that would be better than any FA signing I could think of. fingers crossed
     
  16. GoPats

    GoPats Rookie

    Joined:
    Sep 13, 2004
    Messages:
    31
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    I think they may be changing the way they do some contracts. Instead of back-loading their big contracts they will front-load the contracts. Just like the Vikings and a few other clubs did with a few contracts when they had lots of cap room. If they sign Big Sey and Branch, you may see the Pats take a big hit this year and lessen the cap hit in future years giving them more flexibility.
     
  17. Pats726

    Pats726 Veteran Starter w/Big Long Term Deal

    Joined:
    Sep 13, 2004
    Messages:
    9,800
    Likes Received:
    8
    Ratings:
    +8 / 0 / -0

    I think we would all be happy...Sey is a big deal and..needed here!!
     
  18. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,333
    Likes Received:
    215
    Ratings:
    +584 / 3 / -1

    #75 Jersey

    I do not get it, either. The Pats just gave Dillon a $3 million option bonus.
    There are 3 other possibilities, none of which I think are likely.

    1.) Dillon agreed to a paycut. But why do so after getting the $3 million option bonus.
    2.) Dillon agreed to a paycut with the hopes of making up the money with incentives. Ditto.
    3.) Dillon agreed to become a 6/2 release. His $710,000 salary would remain on the Pats cap until 6/2. Ditto.
     
  19. JoeSixPat

    JoeSixPat Veteran Starter w/Big Long Term Deal

    Joined:
    Nov 8, 2004
    Messages:
    9,936
    Likes Received:
    65
    Ratings:
    +148 / 2 / -3

    The more important question for me, Miguel, is what type of a cap hit the Pats would take if they cut him after this season.

    I'm one who believes that Corey played injured last season, and most assuredly is not washed up.

    But nor do I think his 5 year contract was meant to be five years. I hope we get a few more seasons out of him but in the worst case scenario, at the time he was signed, I figured a $10 million signing bonus translated into $5 mil a year for 2 years if his skills only lasted that long.

    That, assuming he played like he did in 2004, seemed very palatable to me at the time.

    But if his skills aren't back this season when he's fully healthy, the Pats will have to decide whether to cut him for next season. At that point, what would his dead money value be?
     
  20. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,333
    Likes Received:
    215
    Ratings:
    +584 / 3 / -1

    #75 Jersey

    $5,767,500.
     

Share This Page

unset ($sidebar_block_show); ?>