[Garofalo] Maye getting paid quickly

[rkarp1]

The contracts signed for new TV deals and gambling rights is already baked in, the cap will rise slightly over the coming years. It won't be a massive jump like we just saw, because that was that money.

TV deals last about a decade, they don't sign a new one every season.

the network deals go up every year. this year each team gets $282m. in 2032 each team will get $377m
the netflix deal was signed just this year
the nfl can opt out of their tv deals in 2029

 

[Wozzy]

the network deals go up every year. this year each team gets $282m. in 2032 each team will get $377m
the netflix deal was signed just this year
the nfl can opt out of their tv deals in 2029

The NFL cap goes up slightly every year... what you're saying is not news.

When the cap goes up, Drake Maye's cap hit percentage goes down slightly, there's no downside.

But the cap rises for all 32 teams, and a rising tide lifts all boats, it doesn't just rise for the Patriots... and player salaries rise with it.

The NFL still employs a hard cap, this isn't baseball.

Cap spending is more important than cash spending if you want to field a consistently good team like they did for two dynasty decades. Teams that spend massive wads of cash have peaks and valleys... sometimes they don't peak or stay in the valley. I prefer the Patriot Way.

 

[rkarp1]

The NFL cap goes up slightly every year... what you're saying is not news.

When the cap goes up, Drake Maye's cap hit percentage goes down slightly, there's no downside.

But the cap rises for all 32 teams, and a rising tide lifts all boats, it doesn't just rise for the Patriots... and player salaries rise with it.

The NFL still employs a hard cap, this isn't baseball.

Cap spending is more important than cash spending if you want to field a consistently good team like they did for two dynasty decades. Teams that spend massive wads of cash have peaks and valleys... sometimes they don't peak or stay in the valley. I prefer the Patriot Way.

the Patriot way never won anything with out Tom Brady

 

[Wozzy]

the Patriot way never won anything with out Tom Brady

That's what a man child who doesn't understand football would say.

 

[Huckleberry1]

we do not know what the salary cap will be next year, never mind the two years thereafter
if the team is really lucky, Maye shows enough that he warrants an extension after year 3
the sooner they tie him up, the cheaper he will be. the cap is only going higher and higher as amazon, apple, Netflix vie for streaming rights, and gambling money skyrockets

The most important thing is that if they hit on Maye as their franchise QB then the position is set for the next decade plus. Now everything can go into building the best possible team around him.

 

[BTTA]

Massachusetts... he'll see roughly half of it.

5% tax rate in North Carolina. How much does it go up if the income is made in Mass?

 

[Stu Pidassle]

They have the most cap space in the league, not just now but going forward. Paying off debt early when you have it to spend opens up money in the not too distant future, it's smart.

Current players and his former head coach Pete Carroll called Kraft cheap, not us... blame them.

Does paying the bonus now impact the cap this year or is it still spread across the length of the contract?

 

[XLIX]

TV deals last about a decade, they don't sign a new one every season.

The next major restructuring of TV deals will be in 2030. If Maye is the real deal (key word: IF) that will be perfect timing for NE. He'll be in his 2nd contract and it is very easy to structure the first year or two of a new contract with a very low cap hit.

 

[Wozzy]

The next major restructuring of TV deals will be in 2030. If Maye is the real deal (key word: IF) that will be perfect timing for NE. He'll be in his 2nd contract and it is very easy to structure the first year or two of a new contract with a very low cap hit.

Assuming Maye’s a stud they need to build a formidable roster around him quickly and take advantage of that rookie deal. There’s a 4-5 year window to get great/good QB play for cheap and that’s gold.

 

[Wozzy]

Does paying the bonus now impact the cap this year or is it still spread across the length of the contract?

They spread his money and cap debt out pretty evenly, it increases slightly each season. It doesn’t matter much, for a presumptive QB starter he’s paid nothing.

Kraft’s employees weren’t calling him cheap for salaries, they said all the amenities, the things that might make them take less in contract negotiations was terrible. The facility, plane, family plan, food.

People here getting salty and blaming fans. It wasn’t fans, it was current players and former employees.

The Pats have paid to the cap since 2000, that’s not cheap that’s smart business if you want to field a balanced competitive team every year.

 

[Wozzy]

5% tax rate in North Carolina. How much does it go up if the income is made in Mass?

He’ll pay roughly what the founding fathers went to war with Britain over.

 

[Stu Pidassle]

They spread his money and cap debt out pretty evenly, it increases slightly each season. It doesn’t matter much, for a presumptive QB starter he’s paid nothing.

Kraft’s employees weren’t calling him cheap for salaries, they said all the amenities, the things that might make them take less in contract negotiations was terrible. The facility, plane, family plan, food.

People here getting salty and blaming fans. It wasn’t fans, it was current players and former employees.

The Pats have paid to the cap since 2000, that’s not cheap that’s smart business if you want to field a balanced competitive team every year.

I didn't understand the part about paying this year while the cap space was available. My understanding is that the cap impact of the bonus is the same regardless of when the money is available to the player. I agree that giving it to him sooner means that the team pays real money sooner and is not in line with the Kraft's cheap reputation.

 

[BTTA]

He’ll pay roughly what the founding fathers went to war with Britain over.

LOL. Equivalency gymnastics.

 

[stardawg]

He had to pay it, but it wasn't required that he pay it in the next week or so. Many players have their signing bonuses spread out over time.

He'll take a bigger tax hit with the lump sum, won't he?

 

[dliverey44]

Nice payday for someone who never stepped on an NFL field.

Rookie salaries are starting to creep up. I know cap related but still they are getting large purely for potential.

Still much more tolerable than before the current rookie salary structure.

 

[KCSVEN]

He'll take a bigger tax hit with the lump sum, won't he?

No, because the top Fed bracket is below his annual salary so the bonus would be at the same tax rate, no matter how they spread it out unless the tax rates go up or down in the future.
But by getting it upfront, he gets to invest it upfront and not over multiple years.

 

[ahmed]

No, because the top Fed bracket is below his annual salary so the bonus would be at the same tax rate, no matter how they spread it out unless the tax rates go up or down in the future.
But by getting it upfront, he gets to invest it upfront and not over multiple years.

What? That's not how it works. Marginal tax rate will apply.

 

[rkarp1]

They spread his money and cap debt out pretty evenly, it increases slightly each season. It doesn’t matter much, for a presumptive QB starter he’s paid nothing.

Kraft’s employees weren’t calling him cheap for salaries, they said all the amenities, the things that might make them take less in contract negotiations was terrible. The facility, plane, family plan, food.

People here getting salty and blaming fans. It wasn’t fans, it was current players and former employees.

The Pats have paid to the cap since 2000, that’s not cheap that’s smart business if you want to field a balanced competitive team every year.

most every team spends 90% of the cap every season. every team must spend 100% of their cap over a 3 year span.

WHat Kraft did for Maye, paying him $23m in 14 days, is what kraft did for Brady over his last 5 or 6 deals. Brady was getting very serious cash in hand upfront. with zero impact on the cap. that is a Yee staple, cash in hand upfront. money makes more money.

Maye's sign bonus is evenly split over all 4 seasons to the exact dollar.

I simply cannot fathom your infatuation with the cap, given your obvious minimal understanding of it, opposed top cash spending? cash spent is everything in business. football is business. the cap is a very loose accounting of cash spent. very, very loose. non guaranteed contracts. rising cap every year. amortized bonuses that can spread over 5 years.

 

[1960Pats]

The contracts signed for new TV deals and gambling rights is already baked in, the cap will rise slightly over the coming years. It won't be a massive jump like we just saw, because that was that money.

TV deals last about a decade, they don't sign a new one every season.

Also with the Patriots being the most cap rich team in the NFL, a rising cap only helps them.

Looking back at free agency it appeared that the extra space gave teams with less cap space the ability to keep their own players. That made the market smaller for the cap rich Pats.

 

[ctpatsfan77]

What? That's not how it works. Marginal tax rate will apply.

@KCSVEN is right. Marginal tax rates refer to the rate you pay on the next dollar you earn.

Both Maye and I will pay 10% on the first $11,600 of taxable income we have.

And as he notes, the top tax bracket begins below his weekly salary, so he's going to pay the top bracket rate on the bonus whether he gets it in one lump sum or over two years.