Pats to gain $600,000 in cap space

[Miguel]

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

 

[smg93]

I guess that 600k will be going to Adam's Bank Account now!

 

[Pats726]

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

 

[DefenseRules]

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

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

 

[PatsWickedPissah]

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

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?

 

[hwc]

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.

 

[BelichickFan]

Miguel you are amazing. I don't know how you do it.

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

 

[flutie2phelan]

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?

Nice kudo!