09-09-2023, 10:18 AM
(09-09-2023, 12:13 AM)casear2727 Wrote: That is not how the 5th year works. The original signing bonus is paid in full at signing, but can only be prorated for the number of years of the contract at that time, thus 4 years without an added void year (5 years is the max). Prior to this extension Burrow's prorated bonus cap hit was $0 for 2024. His cap hit was simply the 5th year salary calculation for his positon.
The 5th year salary number is based upon a calculation of:
- The average of the 3rd to the 20th salaries at the positon over the past 5 seasons.
- There is a snap count requirement the initial 3 years of the first contract that Joe obviously meets.
- Add-on money for 1 Pro Bowl
- Add on money for multiple Pro Bowls
This extension will in fact alter this season and the 5th year option cash and cap numbers.
Thanks for this and that makes sense, but I was talking about the SB in the extension. Not the rookie deal. Yeah, the 5th year option cannot be assumed, so a 4 year proration makes sense.
Like you said, Joe would get paid in full at signing. IE, just now..For cap purposes, does that get prorated out only on the 5 years of the extension, or also the existing years (4th or 5th year option on rookie deal)? It sounds like it will from your response.
I mean, if it didn't, then we would not need all this cap room this year allotted to get the extensions done, right?
Do I have this right? Or at least close?
