Guesstimating Mayo's cap hits

Discussion in 'PatsFans.com - Patriots Fan Forum' started by Miguel, Mar 18, 2009.

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  1. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    #75 Jersey

    Pats1 noticed that Mayo's salaries are now listed as:
    2009 - $500,000
    2010 - $550,000
    2011 - $700,000
    2012 - $850,000

    I believe that in return for lowering his salaries by $9.1 million Mayo was given a $9,100,000 option bonus. I am also presuming that option bonus was prorated over 4 years. I think that his cap numbers are as follows:

    2009 - $2,770,000
    2010 - $2,825,000
    2011 - $2,970,000
    2012 - $3,125,000

    Please note that all option bonuses are prorated.
     
    Last edited: Mar 18, 2009
  2. ctpatsfan77

    ctpatsfan77 PatsFans.com Supporter PatsFans.com Supporter

    #3 Jersey

    Wait a minute. . . . how would they be able to do that? Isn't there a rule that rookie contracts can't be re-negotiated for two years?
     
  3. eom

    eom In the Starting Line-Up

    I have an accounting question about something like that.

    yeah, he's helping the team, but wouldn't 9m in bonus today be worth substantially more than 9m in salary spread over 4 yrs?
    it would seem like the team could get by offering him a 7m option bonus.
     
  4. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    #75 Jersey

    It could be that the Pats had an option clause in the deal and chose to exercise that option.
     
  5. pats63

    pats63 Third String But Playing on Special Teams

    What ever he is getting paid he is worth it,bro.
     
  6. Va_Pats_Fan

    Va_Pats_Fan Rotational Player and Threatening Starter's Job

    #95 Jersey

    Could it have been an escalator for being DROY?
     
  7. bucky

    bucky 2nd Team Getting Their First Start

    Odd. A $500K salary plus the pro-rated part of the $9 mil bonus actually increases his cap hit for this year. Why would they do something like this?
     
  8. solman

    solman Rotational Player and Threatening Starter's Job

    What is the advantage for the Patriots of doing something like this?

    If it is an option, what do we get by exercising it?

    Is there any possibility that Mayo's deal was actually 6 years (once the option is exercised) but his agent wanted to hide his willingness to agree to a six year deal? (But then his 2013 salary would already appear, wouldn't it :()
     
  9. Synovia

    Synovia In the Starting Line-Up

    If they don't plan on making any more moves, moving money forward helps in future years....but that would only be relevant if the CBA gets renegotiated.
     
  10. signbabybrady

    signbabybrady Veteran Starter w/Big Long Term Deal

    #22 Jersey

    Maybe Mayo asked BB if he could get it now so he could pay off his truck ;)
     
  11. Patriot Missile

    Patriot Missile Experienced Starter w/First Big Contract

    #12 Jersey

    Yep that truck was 24 ct gold with diamond studded rims.
     
  12. PatsChamp88

    PatsChamp88 In the Starting Line-Up

    #75 Jersey

    "How many trucks does he need?" :D
     
  13. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    #75 Jersey

    I doubt it since I had his prior salaries in my workbook before the 2008 season began.
     
  14. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    #75 Jersey

    They have done the same thing in the past with Mankins, Wilfork and Watson,
     
  15. Va_Pats_Fan

    Va_Pats_Fan Rotational Player and Threatening Starter's Job

    #95 Jersey

    Perhaps I misspoke. Could a significant amount of his salary become guaranteed due to him winning DROY?
     
  16. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    #75 Jersey

    That's possible.

    FWIW - In the past when the Patriots picked up a player's option the future salaries that had been guaranteed became unguaranteed.
     
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