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While the Boston sports media likes to tell us that the CBA (30% rule, fully guaranteed money) may be preventing the Patriots and Brady from reaching an extension, they have failed to tell us about these three loopholes
1.) completion bonus
AdamJT13: A loophole around the NFL's 30 Percent Rule
Uncapped year forcing New Orleans Saints, agents to get creative with contracts | NOLA.com
2.) supersede signing bonus
How 49ers circumvented the 30-percent rule - NFL - Yahoo! Sports
FOOTBALL OUTSIDERS: Innovative Statistics, Intelligent Analysis | Under The Cap: The 30-Percent Rule
3.) a team can take up to the life of the signing bonus proration to hand over the cash to the player. That is, if Player A signs a five-year deal on 7/15/2010 his team has until the end of the 2014 season to hand over all of the signing bonus money. Example when Tom Brady signed his extension in 2005 he got a $14.5 million signing bonus. That bonus was made in 3 separate payments - " $5 million - May 4, 2005; $5 million - July 15, 2005; $4.5 million March 31, 2006. The entire $14.5 million was prorated over the 2005 season even though Brady did not get all of the money in 2005.
We have been hearing what may not be possible. Here is what is possible.
Did you know that the Patriots could pay Brady a signing bonus AND
a 2010 salary of $9.2 million
a 2011 salary of $16.64 million
a 2012 salary of $19.76 million and still be compliant with the 30% rule?
By no means I am suggesting that the Patriots should offer Brady such a deal all I am saying that it is possible that they could. And that media has for some reason has chosen not to report on that very real possibility.
1.) completion bonus
AdamJT13: A loophole around the NFL's 30 Percent Rule
Uncapped year forcing New Orleans Saints, agents to get creative with contracts | NOLA.com
2.) supersede signing bonus
How 49ers circumvented the 30-percent rule - NFL - Yahoo! Sports
FOOTBALL OUTSIDERS: Innovative Statistics, Intelligent Analysis | Under The Cap: The 30-Percent Rule
3.) a team can take up to the life of the signing bonus proration to hand over the cash to the player. That is, if Player A signs a five-year deal on 7/15/2010 his team has until the end of the 2014 season to hand over all of the signing bonus money. Example when Tom Brady signed his extension in 2005 he got a $14.5 million signing bonus. That bonus was made in 3 separate payments - " $5 million - May 4, 2005; $5 million - July 15, 2005; $4.5 million March 31, 2006. The entire $14.5 million was prorated over the 2005 season even though Brady did not get all of the money in 2005.
We have been hearing what may not be possible. Here is what is possible.
Did you know that the Patriots could pay Brady a signing bonus AND
a 2010 salary of $9.2 million
a 2011 salary of $16.64 million
a 2012 salary of $19.76 million and still be compliant with the 30% rule?
By no means I am suggesting that the Patriots should offer Brady such a deal all I am saying that it is possible that they could. And that media has for some reason has chosen not to report on that very real possibility.