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Proposed contract:
3 years
$80M
Sign on bonus of $10M (or $80M spread out over three years with almost all of It hitting in year 3, if that can be done.)
Guaranteed Payout in 2020: $1M (plus half remainder of dead cap from last deal)
Guaranteed Payout 2021: $9 (plus half remainder of dead cap from last deal)
Guaranteed Payout in 2022: $60M (Edit: workout bonus perhaps)
2022 is a fully guaranteed year and the bill comes due. If Brady retires, they’ll still need to pay it as signing bonus or with some clause about converting base salary into another type of guaranteed bonus. With very small cap hits in 2021 and 2022, the Patriots will be able to stack their team with star players to surround Tom.
In 2022, the Patriots pay Brady $60M as he exits. The team goes into tear down mode for a season and must rebuild. Brady probably retires before the season.
This isn’t all that much different from front-loading the contract in the form of a heavy sign-on bonus and most of the money pushed to year 1 and 2. Tom would just need to be patient in collecting his money, and he has always been willing to work out creative deals.
Cap experts, what is the extent that this can be done?
Is this something that can be done? Realistic? Seems like the only chance to compete at a very high
level for the next two years. Otherwise this team isn’t going anywhere, though Tom may be. We’ve seen teams kick cap hits down the road. Does this scenario necessitate a very extreme case of doing this?
3 years
$80M
Sign on bonus of $10M (or $80M spread out over three years with almost all of It hitting in year 3, if that can be done.)
Guaranteed Payout in 2020: $1M (plus half remainder of dead cap from last deal)
Guaranteed Payout 2021: $9 (plus half remainder of dead cap from last deal)
Guaranteed Payout in 2022: $60M (Edit: workout bonus perhaps)
2022 is a fully guaranteed year and the bill comes due. If Brady retires, they’ll still need to pay it as signing bonus or with some clause about converting base salary into another type of guaranteed bonus. With very small cap hits in 2021 and 2022, the Patriots will be able to stack their team with star players to surround Tom.
In 2022, the Patriots pay Brady $60M as he exits. The team goes into tear down mode for a season and must rebuild. Brady probably retires before the season.
This isn’t all that much different from front-loading the contract in the form of a heavy sign-on bonus and most of the money pushed to year 1 and 2. Tom would just need to be patient in collecting his money, and he has always been willing to work out creative deals.
Cap experts, what is the extent that this can be done?
Is this something that can be done? Realistic? Seems like the only chance to compete at a very high
level for the next two years. Otherwise this team isn’t going anywhere, though Tom may be. We’ve seen teams kick cap hits down the road. Does this scenario necessitate a very extreme case of doing this?
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