Brady contract situation (Merged - UPDATED:Deal Done)

[Hyped]

So it's a 2 year contract worth 23 million this year,do signing bonuses count at all against the cap?

No. We don't know the full details yet. Signing bonuses count, but they are pro-rated over the lifetime of the contract.

Basically....a cap number = base contract + signing bonus pro-ration + any other LTBE* bonuses.

*LTBE= Likey To Be Earned (e.g. Brady will play 80% of the offensive snaps)

 

[Clonamery]

All they can do is push some of it further out and hurt the team in the year he is no longer here.

The lockout year?

 

[SBLIII]

Now at $13 million in cap space with likely more by cutdowns.

Trent Williams?

 

[SBLIII]

The lockout year?

don't think there will be one. But I'll take the dead cap penalty gladly if it means better chances for another SB this year or the 2 years following

 

[Clonamery]

Trent Williams?

Gronk?

 

[ctpatsfan77]

They're going to try to somehow push cap cost into his retirement and there will probably be a rules change after it works.

The only money that doesn't hit the year it's paid is pro-rated signing bonus, and that can't be spread out more than one year after the player retires.

 

[Love The Drake]

Gronk?

Gronk would be awesome but im thinking Williams or Thuney extension.

 

[ctpatsfan77]

 

[KDPPatsfan85]

I posted this on Twitter.

 

[borg]

Way to soon to conclude this deal will keep Brady in uniform beyond this season.
Need to know the guaranteed figures

 

[QuantumMechanic]

Assumptions (based on things I've read. May be wrong).
* 2019 cap was $27mil
* Brady 2019 cash to be paid was $15mil (based on reports saying he's now getting paid $23mil and that was a $8mil raise).
* Therefore 2019 dead cap is $12mil (since $15 + $12 = $27)
* New deal freed up $5.5mil in cap, which means his new cap hit is $27-$5.5 = $21.5
* (Big assumption here) New deals cannot affect pre-existing dead cap for that year.

If so, that means that the $21.5mil cap hit consists of the $12mil dead cap and a $9.5mil cap hit from the $23mil cash he's getting paid in 2019.
To pay out $23mil cash with a $9.5mil cap hit means a $2.75mil salary and $20.25mil signing bonus.

That bonus will cause a $6.75mil add-on hit in 2020 and 2021, meaning hits of $36.75mil and $38.75mil in those years. Yow!!

However, Field Yates is reporting that 2020 and 2021 are "void years", meaning there are no guaranteed dollars associated with them and NE could cut Brady and not pay him anything. If so, as I understand it that would mean their cap hit would only be $6.75mil in 2021 if he was cut just before that season or $13.5mil in 2020 if he was cut just before that season.

 

[mgteich]

It seems that the 2020 cap is deep trouble.

 

[mikey m]

TB extension + Gordon applies for reinstatement = a pretty nice Sunday off from practice

 

[SBLIII]

TB extension + Gordon applies for reinstatement = a pretty nice Sunday off from practice

step 1 is accomplished on my wish list for the Patriots training camp
step 2 would be get Gordon back
step 3 get out of camp without significant injuries

but so far so good.

 

[Deus Irae]

It seems that the 2020 cap is deep trouble.

Relax.

Even though Tom Brady is signing a two-year extension, he always will be on a year-to-deal with the Patriots. Deal can, and will, be adjusted each year as long as Brady plays.

Total Cap Liabilities: $147,774,638

• Top 51: $146,603,805
• Team Cap Space: $53,396,195

New England Patriots Salary Cap | Over the Cap

 

[supafly]

It seems that the 2020 cap is deep trouble.

It’s certainly not the same tune that many here have been whistling over the past year, that’s for sure.

 

[ralmat55]

They're going to try to somehow push cap cost into his retirement and there will probably be a rules change after it works.

Cap gets pushed into a player’s retirement all the time. $2 million has been pushed into Gronk’s “retirement”. More than likely it will in Brady case as well. His 2020 cap figure is currently at $37 million, so it’s very likely a good chunk of that will be thrown forward into 2021 or beyond.

 

[Hammer of Thor]

Assumptions (based on things I've read. May be wrong).
* 2019 cap was $27mil
* Brady 2019 cash to be paid was $15mil (based on reports saying he's now getting paid $23mil and that was a $8mil raise).
* Therefore 2019 dead cap is $12mil (since $15 + $12 = $27)
* New deal freed up $5.5mil in cap, which means his new cap hit is $27-$5.5 = $21.5
* (Big assumption here) New deals cannot affect pre-existing dead cap for that year.

If so, that means that the $21.5mil cap hit consists of the $12mil dead cap and a $9.5mil cap hit from the $23mil cash he's getting paid in 2019.
To pay out $23mil cash with a $9.5mil cap hit means a $2.75mil salary and $20.25mil signing bonus.

That bonus will cause a $6.75mil add-on hit in 2020 and 2021, meaning hits of $36.75mil and $38.75mil in those years. Yow!!

However, Field Yates is reporting that 2020 and 2021 are "void years", meaning there are no guaranteed dollars associated with them and NE could cut Brady and not pay him anything. If so, as I understand it that would mean their cap hit would only be $6.75mil in 2021 if he was cut just before that season or $13.5mil in 2020 if he was cut just before that season.

Your math works based on the information that’s been released to date. We’ll see what additional detail is to come.

 

[XLIX]

However, Field Yates is reporting that 2020 and 2021 are "void years", meaning there are no guaranteed dollars associated with them and NE could cut Brady and not pay him anything.

I love how Yates is acting like he just discovered plutonium or something like that. The vast majority of contracts in the NFL have "void years" - which is just a fancy way of saying it isn't guaranteed money.

 

[ChessToCheckers]

Great news, even as predictable as it was!

My only question is whether Social Security can affect Tom's cap hit in 2039 ?