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Roman Harper has a Renegotiated Contract

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Old 05-24-2013, 07:15 PM   #31
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Harper is the man.
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Old 05-24-2013, 07:17 PM   #32
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Re: Roman Harper has a Renegotiated Contract

Rotoworld
Saints SS Roman Harper's new contract is worth $10.5 million over three years.
They basically tore up Harper's old deal -- which put him among the NFL's ten highest paid safeties -- and are now guaranteeing only $4 million of a contract worth $3.5 million annually. Harper took a large pay cut, and none of his payments are guaranteed beyond 2013. Harper will compete for snaps with Malcolm Jenkins and Kenny Vaccaro. All three could play in three-safety sets.

Per Triplett we save 3.6mil on the cap.
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Old 05-25-2013, 06:58 PM   #33
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Re: Roman Harper has a Renegotiated Contract

Good show, Harper. Glad to keep him in NOLA. It's good of him considering how many fans are dumping on him. He could be a quiet role player on another team without all the malarkey of fans questioning his game or he could take a pay cut to stay with the Saints.

I'm a bigger fan of #41 because of his willingness to not only take a pay cut but to also stay with a team that has much of the fanbase calling out his abilities.
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Old 05-26-2013, 09:32 PM   #34
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Re: Roman Harper has a Renegotiated Contract

New Orleans Saints Smart to Renegotiate Roman Harper’s Contract
1 day ago by Michael Terrill

The New Orleans Saints were smart to renegotiate safety Roman Harper’s contract. The move not only put the Saints well under the salary cap for the 2013 NFL season, but the new agreement also benefited Harper immensely.

New Orleans was only $1.6 million under the salary cap before Harper graciously renegotiated. The Saints are now $5.1 million below the cap, which means they have the 17th most financial space among all of the teams in the league. That is a huge step from having one of the highest salary caps in the NFL only a few days ago.

Harper received one more year on his multi-year deal, but his base salaries have changed over the next three seasons. He will now make $840,000 in 2013, $2.35 million in 2014 and $2.7 million in 2015. Instead of counting for $7.1 million against the salary cap, he will now only have $3.6 million next to his name. He was already guaranteed $2.6 million of his salary for this season prior to the redoing of the contract.

How this works out in Harper’s favor as well is that he will get a lot of the cash up front, despite taking a $1.5 million pay cut in 2013. That means the 30-year-old will not have to worry about getting released in the next few years without getting his due because he will have already received a large chunk of the money.

It was important for New Orleans to keep Harper happy while trying to save money after the seven-year veteran posted one of the best seasons of his career. Harper recorded a career-high 115 combined tackles, two interceptions, 11 passes defended and four stuffs in 16 games last year.

Roman Harper: New Orleans Saints S Did Right Thing Redoing Contract

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Old 05-27-2013, 12:22 AM   #35
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Re: Roman Harper has a Renegotiated Contract

One more franchise crippling contract to renegotiate. ....
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Old 05-27-2013, 06:35 AM   #36
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Re: Roman Harper has a Renegotiated Contract

Originally Posted by xan View Post
One more franchise crippling contract to renegotiate. ....
This is the rule, not an exception. It is also the standard for over 50% of the league.
It's the game of business.
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Old 05-27-2013, 07:07 PM   #37
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Re: Roman Harper has a Renegotiated Contract

I'm reading two different thoughts on his contract...

One that nothing is guaranteed after this season, in which case, he costs the team nothing and salary cap hit is negated if released after this season...

The second is that we are delaying a potentially bigger salary cap hit in two seasons...
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Old 05-27-2013, 09:40 PM   #38
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Re: Roman Harper has a Renegotiated Contract

Originally Posted by jeanpierre View Post
I'm reading two different thoughts on his contract...

One that nothing is guaranteed after this season, in which case, he costs the team nothing and salary cap hit is negated if released after this season...

The second is that we are delaying a potentially bigger salary cap hit in two seasons...
His salary isn't guaranteed but his cap hit is, due to the signing bonus he received. Two different things.
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Old 05-28-2013, 07:37 AM   #39
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Re: Roman Harper has a Renegotiated Contract

Originally Posted by jeanpierre View Post
I'm reading two different thoughts on his contract...

One that nothing is guaranteed after this season, in which case, he costs the team nothing and salary cap hit is negated if released after this season...

The second is that we are delaying a potentially bigger salary cap hit in two seasons...
Terms:

Guaranteed Money: Mooney guaranteed by a contract.

Dead Money: Cap hit due to proration of upfront bonus.

If I give a player 25M in upfront bonus for a 5 year contract you can expect 10m a year in dead money for years 4 and 5M for year 5 if I cut you in year 3 (in year 3 I would take a 15M cap hit). (keep in mind this has nothing to do with paying the player in those years, only how the teams cap is effected)

If i give a player 25M for 5 years guaranteed that means if I cut you in year 3, I am still paying the player until he gets his 25M.


This is why I like Spotrac
Roman Harper Contracts, Salaries, Cap Hits, & Transactions

Its a 10M 3/year contract worth 10.5m
4m of this IS guaranteed
His signing bonus was 2.9 m
Look at his variable cap hit, and variable dead money.

NFL contracts can be very complex in the pay structure, most people assume they are not.

Roman Harper, New Orleans Saints ink extension - NFL.com


So to answer your question, both statements are true.

His 4M is guaranteed. And we delayed cap hit.

While salary cap hit would be nil after this season, the dead money hit is still in effect.

Example David Thomas, he has no salary this year to take a hit on but we are taking a hit on .5m dead money.
New Orleans Saints - 2013 Salary Cap Breakdown

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Old 05-28-2013, 08:11 AM   #40
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Re: Roman Harper has a Renegotiated Contract

Im glad they worked it out. I like Harper as long as he isnt put on an island too often.
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