upstater1 said:
First, It's a $3 million signing bonus, and how much protection do you think that really affords Adam. In two years, the salary cap issue reduces the hit on that bonus to $1.8 million, which--when you're on the hook for $2.5 million in salary, is negligible.
In other words, it may even produce an incentive on the perenially cash-strapped Colts to cut him.
Would you have foreseen the Patriots cutting Vinatieri after 1 year, even a poor year? I wouldn't have, especially given how long they stayed with Ken Walter.
Let's say he only played 2 years with the Colts and Patriots.
With the Colts, he would have made $6.8 million, and with the Patriots only $5 million (this is assuming the Patriots would have given him zero as a signing bonus, which is hard to believe, esp. when you look at Josh Miller's contract).
After 3 years, he makes $8.7 with the Colts, and $7.5 with the Patriots. If the Patriots had given him only, say, a $600k bonus, then the difference after 3 years with each team is less than a million.
That's a lot of money, sure, but the additional incentives would have put Adam over the top, and secured him for a lifetime. I'm sure he realized this, but I really think he wanted to leave.
Here are some headline blurbs from USA Today:
Mar. 23, 2006 - 12:52 p.m. ET
Colts signed K Adam Vinatieri to a five-year contract.
The deal includes a $3.5 million signing bonus and reportedly will be for $12 million. Vinatieri dodged any tough questions at his introductory press conference about his departure from the Patriots, repeatedly complimenting his former organization.
Mar. 22, 2006 - 12:20 p.m. ET
Adam Vinatieri's contract will reportedly average $2.5 million over the first three years.
The Colts threw in a $3.5 million signing bonus, which probably sealed the deal. The base average is about $500,000 less than what he would've gotten had the Patriots franchised him. Still, Vinatieri will be the highest paid kicker in the NFL.
Source: ESPN.com
Mar. 21, 2006 - 5:56 p.m. ET
Adam Vinatieri has reached an agreement in principle with the Colts.
This one stings for Patriots fans, but the team simply wasn't willing to pay a kicker a $3.5 million signing bonus. Some financial terms still reportedly have to be worked out.
Source: FoxSports.com
Mar. 21, 2006 - 3:39 p.m. ET
Adam Vinatieri has fired his agent.
He wants to be the highest paid kicker in football. Vinatieri hired agent Gary Uberstine, who has a business partnership with Willie McGinest.
Source: Boston Globe
Mar. 21, 2006 - 9:45 a.m. ET
Adam Vinatieri has no immediate plans to sign with the Packers or Patriots.
Perhaps he's waiting to see if the Cowboys enter the mix. The Packers are believed to have made a "hard sell" but Vinatieri left Green Bay without a contract.
Source: Green Bay Press-Gazette
His cap hit is $700K per year for 5 years. So to cut him in year 2 would cost $2.8M - more than he is scheduled to cost against the cap, year 3 $2.1M and likely a wash. This year he is only costing Indy $1.5M on the cap. His deal averages $2.5M a year over the first 3, but he doesn't cost that because this year alone he gets over $4.5M in his hand. Which is another reason why he doesn't get cut until year 3 at the earliest.
There are rare exceptions but you have to go rapidly and entirely in the crapper - Martin Gramatica comes to mind.
The Pats no signing bonus offer deal would have allowed AV to be cut any time, including before this season even commenced. Were they having second thoughts about offering a signing bonus? That has been hinted in some reports but if so it was a case of too little too late.