09-09-2023, 05:03 PM
(09-09-2023, 06:22 AM)Brownshoe Wrote: Does that mean that it spreads out the cap hit a little better so we can sign other players more easily?
That depends on the signing bonus. Whatever that number is you can divide it by 5 to reach the lowest cap number. For example, this extension could replace Joe's current year cap hit of 29M (salary) to $1M. That saves 28M in cap space. If the signing bonus is $100M, he receives 100% of that in cash, but his cap hit would only be $20M this year and the next 4 seasons as prorated bonus (does not include future salary numbers). Add this 20M to the 1M restructure = 21M, which is an 8M savings to this year's cap, which increases our available cap to over $20M. Keep in mind they can work this in a multitude of ways, I look forward to seeing the details.
(09-09-2023, 10:18 AM)Isaac Curtis: The Real #85 Wrote: 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?
The proration should begin this season as it almost always applies to the season in which the bonus was funded. We would want this anyway, because in year 6 & 7 Burrow's salary numbers will likely be well into the 60 -70M range.
Determinator of Takes
