Welcome to PatsFans.com

Heads Up on 2014 dead money

Discussion in 'PatsFans.com - Patriots Fan Forum' started by Miguel, Sep 15, 2013.

  1. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,101
    Likes Received:
    56
    Ratings:
    +184 / 2 / -0

    #75 Jersey

    Jay-Z?s involvement has NFL agents crying foul - Sports - The Boston Globe
    The biggest dead weight, though, is Brandon Lloyd, who will count $3.5 million against the cap this year. But his dead money comes with an asterisk — the Patriots are taking on an extra $1.5 million this year from Lloyd’s option bonus, and will be given a $1.5 million credit in 2014.

    So if you look at reports of the Patriots dead money situation in 2014 please check to see if they are including the $1.5 million credit for Lloyd. If not, they are overstating the dead money amount.
  2. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,101
    Likes Received:
    56
    Ratings:
    +184 / 2 / -0

    #75 Jersey

    Another caveat to reporting on the Patriots 2014 dead money - Patriots will get a $1.35 million credit for Fanene making their dead money total $5,675,721, not $8.5 million.

    Hernandez, Aaron 7,500,000
    Dowling, Ras-I 589,382
    Fells, Daniel 333,334
    Hawkins, Lavelle 75,000
    Bartholomew, Ben 6,667
    Davis, Kanorris 3,334
    McDonald, Chris 3,334
    Kline, Josh 2,667
    Francis, Justin 2,334
    Jones, Brandon 2,334
    Ford, Brandon 2,000
    Morris, Stephon 1,667
    Stankiewitch, Matt 1,667
    Zupancic, Mike 1,334
    Cherrington, Dewayne 667
    Fanene, Jonathan (1,350,000)
    Lloyd, Brandon (1,500,000)
  3. Patsfanin Philly

    Patsfanin Philly Rookie

    Joined:
    Jan 16, 2005
    Messages:
    6,708
    Likes Received:
    13
    Ratings:
    +29 / 0 / -0

    #95 Jersey

    If the Pats come to an agreement with Hernandez similar to the Fanene one (one where they don't pay the future bonus due) where he keeps what he has received so far but doesn't get anymore, how does that impact the dead money in 2014???
    It seems like the obvious solution. Without sounding callous to the tragic loss of life, he needs money, lots of it for his criminal defense and can't afford to forfeit what he has recieved so far. If he loses those millions in arbitration, it could affect his ability to pay the lawyers so it makes sense to come to an agreement that serves both sides...
    Put another way- Do you really think the lawyers are going to put Hernandez in a position where they ( the lawyers) might not get paid?? Didn't think so.
  4. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,101
    Likes Received:
    56
    Ratings:
    +184 / 2 / -0

    #75 Jersey

    It would not. The Pats would get a credit in 2015.
  5. Aßßynormal

    Aßßynormal PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    May 19, 2009
    Messages:
    678
    Likes Received:
    4
    Ratings:
    +12 / 0 / -0

    I think the dead money on Fanene is for 2013 $1.35.

    From Reiss:

    Quick-hit thoughts around NFL, New England Patriots - ESPN Boston

    1a. The Patriots and defensive lineman Jonathan Fanene (represented by the NFL Players Association) settled their grievance within the past week, according to sources, and part of the settlement is that the Patriots won’t have to pay Fanene the final $1.35 million of his $3.85 million signing bonus. When the Patriots had signed Fanene in March of 2012, the contract called for the $3.85 million signing bonus to be paid in multiple installments, with the final $1.35 million on March 31, 2013. We all know what happened -- Fanene never played for the Patriots and the team released him five months after signing him with the new “failure to disclose physical condition” designation. A grievance followed. We can now officially close the book on the Patriots’ failed Fanene signing, with Fanene able to keep $2.5 million of the original signing bonus and the Patriots receiving a credit on their 2013 salary cap.

    Quick-hit thoughts around NFL, New England Patriots - ESPN Boston
  6. ctpatsfan77

    ctpatsfan77 PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Jan 22, 2005
    Messages:
    20,412
    Likes Received:
    111
    Ratings:
    +181 / 4 / -5

    Question: Is the report above wrong? The article says the Fanene credit hits this year.
  7. Harrisoned!

    Harrisoned! Rookie

    Joined:
    Oct 26, 2008
    Messages:
    422
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    Yes, but he was cut last year. The credit comes a year after the guy is cut.
  8. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,101
    Likes Received:
    56
    Ratings:
    +184 / 2 / -0

    #75 Jersey

  9. PatsWickedPissah

    PatsWickedPissah PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Feb 10, 2005
    Messages:
    23,011
    Likes Received:
    337
    Ratings:
    +723 / 8 / -9

    Disable Jersey

    Miguel sees dead money
  10. Joker

    Joker PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Oct 10, 2004
    Messages:
    16,451
    Likes Received:
    248
    Ratings:
    +540 / 13 / -12

    Joker sees FANOONIES!!!
  11. Gwedd

    Gwedd PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Mar 10, 2007
    Messages:
    4,967
    Likes Received:
    61
    Ratings:
    +110 / 0 / -1

    #61 Jersey

    Indeed, and when that money for Fenene gets added back, it looks like the Patriots will have over $8 million in cap space available. Not as much as some teams, but more than many others.

    Witness the poor Rams with less than $700K in cap space. :eek:
  12. The Boston Patriot

    The Boston Patriot PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Feb 24, 2006
    Messages:
    874
    Likes Received:
    15
    Ratings:
    +50 / 0 / -0

    Is this able (all unused) to be moved into next year to mitigate the AH hit?
  13. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,101
    Likes Received:
    56
    Ratings:
    +184 / 2 / -0

    #75 Jersey

    I should have been clearer. I have always thought that any credit for Fanene would hit the 2014 cap, not the 2013 cap. I was trying to point that if the credit was going to hit the 2013 cap it would have shown up by now.
  14. mgteich

    mgteich PatsFans.com Veteran PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    20,396
    Likes Received:
    91
    Ratings:
    +215 / 14 / -2

    I don't see any reason to care when we get the $1.35M of credit. There would be no effect at all on the patriots. If the $1.35M is credited this year, the it will part of the monies carried over into 2014. This is no different than simply getting the cap credit next year.
  15. eom

    eom Rookie

    Joined:
    Nov 13, 2007
    Messages:
    2,569
    Likes Received:
    5
    Ratings:
    +15 / 0 / -0


    the fabled fanene credit at last!!!

    dude, you are awesome for staying on top of all this!
  16. supafly

    supafly PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 9, 2008
    Messages:
    14,000
    Likes Received:
    164
    Ratings:
    +396 / 3 / -7

    #24 Jersey

    I think the 2014 cap and free agent situation is practically a walk in the park compared to some/most years, especially considering that we only have one real concern (Talib), and a couple of players who we'd "like" to keep (Edelman, Wendell).

    There have been tons and tons of years that we've had a laundry list of free agents and had to make some tough decisions, including the bookend years to 2014, of 2013 and 2015.

    As many have noted, the 2015 situation will be much more challenging, but I'm sure that Belichick has been preparing for some time now, as usual.
  17. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    4,101
    Likes Received:
    56
    Ratings:
    +184 / 2 / -0

    #75 Jersey

    I care because
    1.) I like to help my fellow NFL fans about the salary cap
    2.) it helps learning when, if any, credit for AH will hit the Patriots cap.

    From the CBA In the event that a Club receives a refund from the player of any previously-paid Salary, or the Club fails to pay any previously allocated portion of a signing bonus (including any amount treated as signing bonus), such amount as has previously been included in Team Salary shall be credited to the Club's Team Salary for the next League Year.

    AH is scheduled to receive the last part of his signing bonus on March 31, 2014 which is after the 2014 League Year starts on 4PM March 11.

    I take the position that will mean that any settlement with AH will have to take place before 4PM March 11 for the Pats to get a credit on the 2014 cap, rather than the 2015 cap.

Share This Page

unset ($sidebar_block_show); ?>