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Schefter: Banta-Cain re-signed

Discussion in 'PatsFans.com - Patriots Fan Forum' started by JSn, Oct 20, 2009.

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  1. JSn

    JSn Rookie

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    Last edited: Oct 20, 2009
  2. Pats726

    Pats726 Rookie

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    Re: TBC Resigned.

    So quick...not surprised...GOOD!!
  3. KontradictioN

    KontradictioN Do you even lift? PatsFans.com Supporter

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    #24 Jersey

    Re: TBC Resigned.

    Excellent news. However, I have to think that he resigned for a cheaper price. If that's so, then we jettisoned three other players and saved some money on him. Too much smoke for there not to be fire. There's a midseason trade coming in here somewhere. I'm just not sure who and what position it will be.

    Either way though, good to have TBC back. He was having a really good year so far.
  4. wilfork is beastin'

    wilfork is beastin' Rookie

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    Re: Schefter: TBC Re-signed.

    good to have him back
  5. Snarf

    Snarf Rookie

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    Re: Schefter: TBC Re-signed.

    lol.. .WELCOME BACK!!!
  6. ForThoseAboutToRock

    ForThoseAboutToRock Rookie

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    Re: Schefter: TBC Re-signed.

    <insert very technical analysis of the salary cap ramifications of doing this here.>
  7. MoLewisrocks

    MoLewisrocks PatsFans.com Supporter PatsFans.com Supporter

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    Re: TBC Resigned.

    He couldn't have since he was on a veteran minimum deal and after week one as a vested vet it was guaranteed... He now has a dead cap # equal to the remainder of his old deal and a new cap # equal to his new salary and prorated bonus (since it's likely a two+ year deal). We're not saving money on any of these cuts except Matthews (if he's not also resigned...).
  8. Reckedtrek

    Reckedtrek Rookie

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    Re: Schefter: TBC Re-signed.

    Not surprised by his quick return and glad to have him back - it's good to make it official.
  9. DefenseRules

    DefenseRules Rookie

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    Re: Schefter: TBC Re-signed.

    Still so :confused:
  10. emoney_33

    emoney_33 Rookie

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    Re: TBC Resigned.

    He can't get cheaper than the vet minimum he was already signed for. It's probably a multi-year extension to get around the 12 month rule.

    My guess is Tate and LeVoir are taking Galloway and Mathews places, while TBC (and Alexander?) are being extended. No fire in the sense of a trade.
  11. MetalBleachers

    MetalBleachers Rookie

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    Re: TBC Resigned.

    So, why all the cuts? That's what I can't figure out. Some news to come, perhaps? :confused:
  12. Synovia

    Synovia Rookie

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    Re: TBC Resigned.

    Why do I have to keep repeating this to you.


    It is physically impossible for TBC to sign for a cheaper price. IMPOSSIBLE.

    He was signed for Vet Min, and because of that, when he was cut, his entire contract amount became dead cap (minsal contracts are guaranteed to vets if they're on the roster week 1). Resigning him to Vet min again accrues an additional 280K of cap space.


    The absolute best case cap scenario for this is TBC's cap number went up by 280K. There is no possible way it went down.
  13. Synovia

    Synovia Rookie

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    Re: TBC Resigned.

    Most likely its guys on 1 year deals getting extended. You can't renegotiate a deal within 12 months. You can cut him and resign him to a longer deal.
  14. ForThoseAboutToRock

    ForThoseAboutToRock Rookie

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    Re: TBC Resigned.

    Sounds right to me. I think we'll see more OT's playing 3rd tight ends if they don't end up bringing Mathews back.
  15. Gwedd

    Gwedd PatsFans.com Supporter PatsFans.com Supporter

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    No Jersey Selected

    Re: TBC Resigned.

    Concur... his long term value to the team outweighs the increase in cap hit the new signing will incur.
  16. KontradictioN

    KontradictioN Do you even lift? PatsFans.com Supporter

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    #24 Jersey

    Re: TBC Resigned.

    First, I was unaware that TBC signed for the vet minimum. I'm not a cap geek like you apparently are and have admitted that in the past. The players whose contracts that I am semi-familiar with are the bigger named ones such as Brady, Moss, Welker, Mayo, etc. Second, I have yet to see you explain "anything" to me regarding this in the past.
  17. borg

    borg Rookie

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    Re: Schefter: TBC Re-signed.

    We know they had about $4 mill in cap apace after Seau signing. I'm assuming that TBC now has a minimum of a 2 year contract after today. So BB wants the guy next year and wants to use some of this year's cap to pay for next year. Essentially, give him a double salary this year and low salary next year. TBC plays ball, gets more money, more up front money, and a two year contract. The Pats spend some '09 cap, sign a valued guy to an extension mostly paid for this year...Viola!
  18. robertweathers

    robertweathers Rookie

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    Re: Schefter: TBC Re-signed.

    Welcome back TBC. Looks like the Peppers trade fell through...:p
  19. DaBruinz

    DaBruinz Pats, B's, Sox PatsFans.com Supporter

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    #50 Jersey

    Re: Schefter: TBC Re-signed.


    I am fairly certain that when a player signs a contract during the season, its pro-rated based on the number of weeks left in the regular season. So, TBC got his guaranteed money since he was vested, but then gets some pro-rated cash going forward. Not necessarily double the money, but definitely more than he was making.

    Yes, it uses up some of the 2009 cap. But that's about it.
  20. borg

    borg Rookie

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    Re: Schefter: TBC Re-signed.

    It can be any amount the Patriots are willing to pay for his services. Maybe BB saw enough of TBC to realize this guy is a force worthy of much more than league minimums.
    Example....TBC salary before cut $600K, new 2009 $1.5 mill salary, guaranteed (costing Pats $932,500) 2010 salary of $600K....result= TBC earns about $2.1 mill over 2 years...and 2009 cap hit of $1.53 mill and 2010 cap hit is $600k
    Last edited: Oct 20, 2009
  21. BradyBranch39

    BradyBranch39 Rookie

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    Re: TBC Resigned.

    ooooooooooooo k
  22. apple strudel

    apple strudel Banned

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    It's like meeting an old friend. Good to see you again Tully!
  23. pats1

    pats1 Moderator PatsFans.com Supporter

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    Let us keep in mind that Banta-Cain, in order to "double up" on his salary, would have to apply for termination pay. And he can't do that if his new contract gives him a higher salary than his old one:

  24. mcmurtry86

    mcmurtry86 Rookie

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    Re: TBC Resigned.

    This is the right answer. Why so many people don't get this (2 players out, 2 in) is beyond me.
  25. signbabybrady

    signbabybrady Rookie

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    #24 Jersey

    glad he is back was confused by the move now it likely makes sense.

    it was getting close to the the season so we didn't want to lose santa cain or banta clause.
  26. chris_in_sunnyvale

    chris_in_sunnyvale Rookie

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    Welcome back TBC, the Pride of Sunnyvale!

    Regards,
    Chris
  27. PatsFaninAZ

    PatsFaninAZ Rookie

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    There's no way that this is not a good deal for TBC, when we hear the terms.

    He's a more-than-4-year vet. By cutting him prior to the trading deadline, the Patriots made him a UFA immediately. He could have signed with any team. He did not need to clear waivers.

    It sounds as though there must have been a handshake deal with his agent -- we'll cut and resign you to X. Don't sign with another team. Why would TBC ever agree to this if he weren't getting something out of it -- at least extra years? Unless the proposition is that he could not have signed even for a vet minimum deal with another team. Otherwise, if I'm TBC's agent, I say, fine, cut him, but we're not making any promises that he'll sign.

    Patriots must have a good relationship with his agent, to be sure that TBC wouldn't hit the open market once he got cut. Is this even permitted, though -- clearly there was some collusion here. "We'll make you a UFA and extend you, if you don't negotiate with other teams after we cut you."
  28. borg

    borg Rookie

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    Then I guess it's about splitting up bonus money over 2 years, 2009 being the first year
  29. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Felt all along he would be back...
  30. The Dynasty

    The Dynasty Rookie

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    Heres my thought to all this...

    The Pats released TBC and others in hope of aquiring either Peppers or Merriman, but then saw that this was not a possibility and then got TBC back before he went to another team
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