09-02-2020, 10:56 AM
(09-02-2020, 10:03 AM)SHRacerX Wrote: Wes, early on in this thread no one understood the contract details because it wasn't released. You were pounding your first on the table (erroneously) stating the Bengals had set his value at $12 million per year and that is that.
Once the details were made public, you could see a situation where one of the most expensive years on the contract can be voided by the club, which changed the complexion of the deal entirely. The Bengals also wisely put a lot of the contract in the bonus so it could be paid to Joe now, but spread the cap hit out across the length of the contract. You may not want to admit the value of paying Joe, or any RB, that kind of money and that is fine, but you need to realize that it was your early comments about the contract that most people were disagreeing with. Now that you know all the details of the contract, if you don't agree with it....great. That is your call.
I, for one, think the structure of the deal is outstanding and I am ecstatic that they were able to get it done and now let's watch what happens around the league as guys like Kamara fight for their deals.
Dorothy Mantooth is still a Saint. We are all good, bud.
Here are the contract details: https://www.spotrac.com/nfl/cincinnati-bengals/joe-mixon-21789/
Cap hits by year:
2020 - 4.35 mil
2021- 10.7 mil
2022 - 10.7 mil
2023 - 12.1 mil
2024 - 12.3 mil
Note: What you're seeing in year 1 is a jump from 1.3 ml to 4.35, because the signing bonus is spread equally against the contract, and it containts a roster bonus. This is 3.05 million in new money, that comes from the new extension.
Now let's look at the rest of the new money, which comes in the extended years. And let's say we take our club option and cut bait after 2023, where we don't owe the 12.3 mil (the highest paid season).
10.7 + 10.7 + 12.1 = 33.5 mil
33.5 mil + 3.05 mil in added payment this year = 36.05 mil
Even if we don't exercise the last season, we will have added 36.05 million dollars to our cap to keep him an additional 3 years.
Translation = 36.05/3 = 12 mil
