IF You Ever Wonder About the Bengals Not Having Any Money

[jfkbengals]

(04-02-2017, 12:38 PM)Luvnit2 Wrote: I am not an accountant or an attorney so don't know the legal interpretation nor the accounting methods used. Help me understand how the Pats can give Brady a 28 million signing bonus in year one 14 million and  in year 2 million again, spread it (leverage it) over the life of the contract, but in your scenario not count it against debt? I am just trying to understand it because it seems very cloudy to me, but again no expert. 

It's paid up front.  It isn't leveraged in any way.  As for cap accounting, it does get spread out (think depreciation of assets), but it is not an actual liability as it has already been paid.