F0nSY
Third String But Playing on Special Teams
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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.2. Since the Patriots were not likely to pick up the option bonus, I imagine that they were negotiating an extension that would have reduced his total compensation. I think that this announcement from Dillon means that the negotiations have failed. He may be serious about retiring, but the way he is going about this suggests to me that if he can find a team willing to pay him good money (say $4M), he is up for another year.
1. I believe that the $5,767,500 (amortized over three years) listed on Miguels site INCLUDES a $3M option bonus due in the immediate future. If true, the Patriots can (and should) release Dillon now. Our 2007 dead money for Dillon will be between $2.5M and $3M. (I'm not certain that the option bonus is exactly $3M, it may be slightly larger.)
2. Since the Patriots were not likely to pick up the option bonus, I imagine that they were negotiating an extension that would have reduced his total compensation. I think that this announcement from Dillon means that the negotiations have failed. He may be serious about retiring, but the way he is going about this suggests to me that if he can find a team willing to pay him good money (say $4M), he is up for another year.
That would fit with Corey's quote that when he signed the extension in 2005, he thought of it as a two year deal. If so by announcing his intention now he can walk away and the team can save the $3M in real terms and also save money on this year's cap, so everyone is happy. Happy trails, Corey, and thanks for doing your part in winning SB 39 and the deep playoff run this year.There could be some accuracy to all this, it was a very weird strctured contract.
http://www.boston.com/sports/football/patriots/reiss_pieces/
It looks like Maroney and Faulk will be getting a lot more carries now.
Confirmed on Boston.com also
http://www.boston.com/sports/football/patriots/articles/2007/02/22/patriots_dillon_to_call_it_quits/
Thanks for the 3 good years, and that great 2004 season leading us to our 3rd bowl.
Andy - How do the Pats gain cap room? Dillon has 5.76 million in Signing bonus amortization remaining? His cap hit this year was supposed to be only 4.4 million. Did they change things regarding players retiring because the last I knew was that the entire remaining amount would still be brought forward. Hopefully Miguel can enlighten us on this.
I think according to Miguel, the Pats should gain about 1.6 mill.
I'm not sure how signing bonus works when you retire. Didn't Barry Sanders have to pay his back? Not sure the Pats would require that, but its an awful lot of money to take a hit on, especially if he is hinting at possibly playing elsewehre.
I went from respecting the guy to calling him a selfish a--hole, in the span of about five seconds:
http://patriots.bostonherald.com/patriots/view.bg?articleid=184571
I went from respecting the guy to calling him a selfish a--hole, in the span of about five seconds:
http://patriots.bostonherald.com/patriots/view.bg?articleid=184571
“We were in discussions the last few days, and based on the roster and the offense, we felt there were better opportunities out there in the NFL,” said Feldman. “He felt like getting eight or 10 carries a game didn’t give him the opportunity to demonstrate the abilities he still has. He figures he has a year or two left where he can be a premier performer.”
It depends on the contract. If Miguel's site is correct and we still owe $5.7M of signing bonus against the cap if he's released, then it would get ugly. However if it's a tiered bonus and, as someone said, $3M hasn't been paid yet then that's different.It sounds like a paycut was in order and he didn't want any part of it. This could get ugly.
It depends on the contract. If Miguel's site is correct and we still owe $5.7M of signing bonus against the cap if he's released, then it would get ugly. However if it's a tiered bonus and, as someone said, $3M hasn't been paid yet then that's different.
I think I remember the Patriots have an option on a second bonus and if they don't pick it up, it guarantees some years of salary or something.
I don't think wanting to leave the Pats would make him a selfish a-hole.
Thanks Corey, you were a beast for us.
If he does retire, it appears very clear that we save his 2.5 Mil salary on the cap. Then the Patriots can negotiate a retirement settlement on the remaining bonus money.
Wow, the Herald story is really different from the Reiss piece...
If he wants to leave, is there any chance we could trade him? I'd hate to pay a guy to leave the team...especially when we could use his services and have the cap space for him.