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I agree it doesn’t make a difference from cap space perspective, but it does from an APY perspective. Some people thought the $12m APY sounded a little high, and what I’m saying is that through signing bonus coming through this year, management might be looking at it as if it’s a 4 year deal. He already had a $1.65m cap charge this year (base plus prior signing bonus). Pats management might view this as his being paid $9.4m per for 4 years.Unused cap space rolls over though so whatever the hit is this year directly reduces their cap space next year since they'll roll over less. I'd be surprised if that was much of a consideration on a deal this size - when you factor in the rollover impact and relative small dollars of the total deal it won't make much of a difference in cap management.












