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Grant Wistrom released

Discussion in 'PatsFans.com - Patriots Fan Forum' started by drew4008, Mar 8, 2007.

  1. drew4008

    drew4008 In the Starting Line-Up

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    http://seahawks.scout.com/2/625179.html

    The Seattle Seahawks have released defensive end Grant Wistrom. This is yet another step in the team’s constant process of reinventing its defensive line.

    It is also a somewhat expected move, as team president Tim Ruskell had said that after Seattle recently signed former Atlanta Falcons DE Patrick Kerney to a six-year, $39.5 million deal, Wistrom would be asked to restructure his own contract, which was six years and $33 million, signed in March of 2004.

    Cont'd in article...
     
  2. signbabybrady

    signbabybrady Veteran Starter w/Big Long Term Deal

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    #24 Jersey

    lets get him:D
     
  3. Alk

    Alk In the Starting Line-Up

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    Grant Wistrom is one of my favorite players, there really isn't anything not to like about him...other than the fact that he has absolutely no place in our 3-4defense.
     
  4. Fumblerooski

    Fumblerooski Practice Squad Player

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    Sounds like he is to make $3.5 mil in Salary this season. If so, I would sign him and play more 4-3.
     
  5. DW Toys

    DW Toys In the Starting Line-Up

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    Cousins,
    Speaking of relased guys.
    The following is from KFFL.
    This would be an excellent pick up!

    Patriots | Team interested in Hartwell
    Thu, 8 Mar 2007 14:06:22 -0800

    Albert Breer, of the MetroWest Daily News, reports the New England Patriots are interested in unrestricted free-agent LB Edgerton Hartwell (Falcons).

    DW Toys
     
  6. unoriginal

    unoriginal In the Starting Line-Up

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    This can and will be used against you.
     
  7. BionicPatriot

    BionicPatriot In the Starting Line-Up

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    Um, yeah. I think anyone reading this thread lost IQ points. Sure, lets mess our defense up for a player who's pretty much done! /sarcasm.
     
  8. hwc

    hwc In the Starting Line-Up

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    I don't understand Seattle releasing Wistrom at all. He's not very good. But, it costs them $2.2 million more in total cap money to cut him than to keep him. Sure, they can defer part of the dead money to 2008, but why cut a guy who is at least a "just a guy" when you are upside down on his cap number?

    Crazy. Who knows. Maybe they have pictures of him and Holmgren's wife or something?
     
  9. Alk

    Alk In the Starting Line-Up

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    He's more than JAG. He was one of their defensive leaders last season during their Super Bowl run.
     
  10. infiltrateib

    infiltrateib Rookie

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    Umm... Grant Wistrom is the poster child for mediocrity. I said the same thing about McGahee, but it's true about Grant as well. He got a monster deal a few years back, and has Edgerton-Hartwell-slash-Leonard-Davis'ed his way into being overpaid like Moby's hairstylist.
     
  11. solman

    solman Rotational Player and Threatening Starter's Job

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    The truth about the salary cap

    Forgive me if you were being sarcastic, but this is whack.

    Salary cap dollars == real dollars.

    Every single dollar that you pay to a player goes to your salary cap number. Every dollar of cap corresponds to a dollar that was actually given to a player.

    A lot of attention is being paid to which dollar counts against which year's cap. This isn't really important. Teams can move dollars between years by restructuring contracts, using fake LTBE incentives, and numerous other options.

    Bottom line: The only thing that really matters is how much cash your team pays its players. The salary cap is just a (highly fungible) accounting mechanism which is used to keep track of this.



    Had Seattle kept Wistrom, they would have had to pay him $3.5M in salary.

    Now they don't.

    Paying $3.5M less in salary means $3.5M less in cap.

    Before 2007, Seattle paid Wistrom $7M in bonus money which has not yet been counted against the cap. Now those dollars are going to count against the cap.

    Apparently they will elect to have 1/3 of that appear in the 2007, and 2/3 in 2008 (they could have taken 100% in 2007).

    It doesn't matter. If they need more cap in 2007 and less in 2008, they can restructure. If they need more cap in 2008 and less in 2007, they can use late season LTBEs.

    If they hadn't cut Wistrom, the $7M in bonus money would have counted against the cap with 1/3 in 2007, 1/3 in 2008 and 1/3 in 2009.



    Its true that excessive use of deals with big signing bonuses and restructuring (which usually means giving the player a new signing bonus in lieu of current and future salary) can eventually hurt a team. This is because:

    1. They will have to give players front loaded contracts, which prevents them from cutting unproductive players and:

    2. The cash against cap provision of the CBA will create a salary cap penalty in years when both your team and the league as a whole exceed the cash cap. (In 2006, the league as a whole fell short of the cash cap, resulting in the recent upwards adjustment of the salary cap for all teams in 2007-2011).

    However, neither of these points become a serious problem until teams have already pulled tens of millions of dollars from their future salary caps.
     
    Last edited: Mar 9, 2007
  12. cubedoggy

    cubedoggy On the Game Day Roster

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    Did you miss the Ed Hartwell thread where this same quote was posted about 3 hrs. before you posted it, cousin? :confused:
     
  13. DaBruinz

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

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    #50 Jersey

    Re: The truth about the salary cap



    Solman, I'd like to suggest to you that you take a visit to the following link:
    http://www.patscap.com

    Study that link. Read the FAQ. When you do, you will realize that you are INCORRECT. Salary Cap dollars does NOT equal real dollars. Salary Cap dollars is a LOT MORE. It is a combination of the Signing bonus Amortization, LTBE bonus potentials, and actual salary. You will also realize that any remaining signing bonus amortization that a player has beyond the current year gets accelerated into the current year if the player is cut. That is why what hwc saids was correct and what you said is FALSE.

    This is true to an extent. But I don't believe you actually understand the concepts because of your previous statement.

    No. You are wrong. Because of the remaining signing bonus amortization that is accelerated into this year. Wistrom signed his contract in 2004. It was a 6 year deal with a $14 million signing bonus. That is 2.33 million PER YEAR against the cap just from his signing bonus. His salary this year was 1.5 million with a total cap hit of 3.83 million. Because he was CUT, the 3 years remaining of signing bonus amrotization hits the Seattle cap. That total is about 7 million. Now, 7 million minus 3.83 is 3.27 million. That is how much MORE Seattle has to take against the cap for cutting Wistrom.


    I believe that the ONLY day that they could split the cap hit up between the two years was March 2nd. Otherwise it was after June 1st. I will defer to Miguel, though, for clarification.

    Again, I don't believe you fully grasp the cap because you make what appear to be erroneous assumptions about the cap.
     
  14. solman

    solman Rotational Player and Threatening Starter's Job

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    Re: The truth about the salary cap

    Don't be a moron. Every single thing I said was absolutely correct. Clearly there are some remedial salary cap leasons in your future.

    Signing bonus, LTBE bonus potentials, and actual salary are all actual dollars. The only sophistication is determining which dollars count against which year.

    As I have explained, it doesn't matter which year a dollar counts against since, unless you are severely cap handicapped, you can use late season LTBEs and contract restructuring (amongst other techniques) to move cap space between years.


    Here is a hint. BEFORE you declare me to be wrong about something, get your facts straight.

    $5.833 - $2.333 = $3.5M due for keeping him on the roster this year.

    And here is the relevant portion of the CBA which limits elective acceleration to two players per team per year, but places no time limit on it (although it obviously has to be between the start of the league year and June 1 to be useful).

     
  15. hwc

    hwc In the Starting Line-Up

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    Solman:

    You are certainly correct. Any salary the Seahawks pay Wistrom this year increases the total cap dollars they spend on him. Specifically, they increase his total remaining cap dollars from $7 million to $10.5 million.

    However, they also get a year of production. So the real savings is the $3.5 million minus the cost of a replacement player. My understanding is that Wistrom has started every game for the last two years and, while not particularly good, is at least an average starting NFL defensive end. Unless you draft a guy, I think it would be difficult to replace an average starting NFL defensive end for less than $3.5 million. I haven't seen any concensus that the new FA they just signed at $6 million per year is any better than Wistrom was when they signed him. Looks to me like they are just churning their roster.
     
  16. unoriginal

    unoriginal In the Starting Line-Up

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    A common GM disease. Wistrom was a Whitsitt player
     
  17. solman

    solman Rotational Player and Threatening Starter's Job

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    For whatever a rumor is worth, PFT published this little diddy:

    Even absent hard evidence, that kind of talk would certainly spook me.
     

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