- Joined
- Sep 13, 2004
- Messages
- 37,775
- Reaction score
- 16,589
Some folks think that it's terrible to move costs into the future. After all, we have 2 top players to sign/extend next year (Hightower and Jones). I could say that we have McCourty, Solder and Vereen in the same situation this year, but that would be somewhat off point.
=====
Pushing money significant money into the future is standard operating procedure for all teams in the NFL, including the patriots. Obviously, some teams do this more than others, by having huge cap hits for non-productive players. The patriots do NOT do this.
=======
Whenever a contract with a signing bonus is executed, money is moved into the future. A $21M bonus on a 3 year contract moved $14M into the future. That's just a arithmetic. Teams somewhat reduce this effect by having first year salaries be minimum, say $1M. So, we might sign Revis for 3/$45M with a $21M bonus. How much should the first year salary be? Some say $1M, some say $3M, but it really should't be more than that.
The other time money is moved into the future is when a players is cut and the team doesn't absorb all the remaining bonus money in the year he was cut. For example, we have $4M in 2015 for Mankins, pushed forward from 2014.
=======
Per Miguel's sheets, we currently have $37M in the 2015 cap pushed forward from past years ($33M in bonuses from the past, and $4M from Mankins). I did not count the bonuses from the four new extensions.
====
When we sign McCourty, say to a 5 year $47M contract, with a $20M bonus, how much would the 2015 cap hit be. I would guess that it would be somewhere between $5M and $7M (with a 2015 salary of between $1M and $3M). I'll guess $1M. The salaries would then be $1M, 5M, 6M, 7M, 8M. The 2015 cap hit would be $5M. I didn't list what money was guaranteed for injury or performance.
===========
So, I don't worry about Hightower and Jones in 2016, or Collins in 2017. After all this is all normal, no different that McCourty, Solder and Vereen this year. We will NOT be bankrupting the future by signing 2015 contracts with significant signing bonuses.
=====
Pushing money significant money into the future is standard operating procedure for all teams in the NFL, including the patriots. Obviously, some teams do this more than others, by having huge cap hits for non-productive players. The patriots do NOT do this.
=======
Whenever a contract with a signing bonus is executed, money is moved into the future. A $21M bonus on a 3 year contract moved $14M into the future. That's just a arithmetic. Teams somewhat reduce this effect by having first year salaries be minimum, say $1M. So, we might sign Revis for 3/$45M with a $21M bonus. How much should the first year salary be? Some say $1M, some say $3M, but it really should't be more than that.
The other time money is moved into the future is when a players is cut and the team doesn't absorb all the remaining bonus money in the year he was cut. For example, we have $4M in 2015 for Mankins, pushed forward from 2014.
=======
Per Miguel's sheets, we currently have $37M in the 2015 cap pushed forward from past years ($33M in bonuses from the past, and $4M from Mankins). I did not count the bonuses from the four new extensions.
====
When we sign McCourty, say to a 5 year $47M contract, with a $20M bonus, how much would the 2015 cap hit be. I would guess that it would be somewhere between $5M and $7M (with a 2015 salary of between $1M and $3M). I'll guess $1M. The salaries would then be $1M, 5M, 6M, 7M, 8M. The 2015 cap hit would be $5M. I didn't list what money was guaranteed for injury or performance.
===========
So, I don't worry about Hightower and Jones in 2016, or Collins in 2017. After all this is all normal, no different that McCourty, Solder and Vereen this year. We will NOT be bankrupting the future by signing 2015 contracts with significant signing bonuses.