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Pats to gain $600,000 in cap space

Discussion in 'PatsFans.com - Patriots Fan Forum' started by Miguel, Mar 10, 2006.

  1. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    #75 Jersey

    http://redskins.scout.com/2/507127.html
    "The automatic spreading of option bonuses due in 2006 over the next 5 years instead of 4 (for those players who will have 5+ years left on their contracts after the options are exercised)"

    While they were talking about the Redskins, this also applies to Brady's contract. This means that his $12 million option bonus which has been prorated over 4 years ($3 million a year) will now be prorated over 5 years ($2.4 million).

    To see what Brady's contract numbers look like
    check out
    http://www.patscap.com/brady.gif
     
    Last edited: Mar 10, 2006
  2. smg93

    smg93 2nd Team Getting Their First Start

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    #54 Jersey

    I guess that 600k will be going to Adam's Bank Account now! :)
     
  3. Pats726

    Pats726 Veteran Starter w/Big Long Term Deal

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    Every little bit helps...the new CBA doesn't change this ot part of the new CBA???
     
  4. DefenseRules

    DefenseRules Pro Bowl Player

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    #12 Jersey

    Miguel you are amazing. I don't know how you do it. All this cap stuff gives me a headache. :bricks:
     
  5. PatsWickedPissah

    PatsWickedPissah PatsFans.com Supporter PatsFans.com Supporter

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    Disable Jersey

    Miguel's 'trick' recipe...

    1. Knows how to set up a spreadsheet
    2. Studies the many NFL rules so his spreadsheet reflects them accurately

    and the hardest part...

    3. Peruses myriad sources of arcane info on the $ details of player deals

    Oh, and did I forget the constant hard work but labor of love part?
     
  6. hwc

    hwc In the Starting Line-Up

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    Now that the dreaded 30% Rule has ridden off into the sunset, the Pats will also convert $3 million or thereabouts of Brady's salary into signinging bonus. This will get prorated over five years, saving the Pats about $2.4 million on the cap this year.

    The declining cap hits for Brady after this year make it abundantly obvious that this would be their intention once the 30% rule was gone. It helps them in the final year of proration from Brady's old contract.
     
  7. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Miguel is a man amongst boys, no doubt (serious comment, no sarcasm intended).
     
  8. flutie2phelan

    flutie2phelan Rotational Player and Threatening Starter's Job

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    Nice kudo!
     

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