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Graham designated TE by arbitrator

this is a discussion within the Saints Community Forum; Originally Posted by B_Dub_Saint It seems everyone is pushing for about 10mil a year. How can we do this with roughly about 1.5 mil left in cap room? Give him a deal that pays him 50 million over 5 years. ...

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Old 07-02-2014, 10:47 PM   #51
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Originally Posted by B_Dub_Saint View Post
It seems everyone is pushing for about 10mil a year. How can we do this with roughly about 1.5 mil left in cap room?
Give him a deal that pays him 50 million over 5 years. And, for example, this season he plays for 7.5 million, next season 9 million, the following season 10 million, then 11 million then 12.5 million.
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Old 07-02-2014, 11:36 PM   #52
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Re: Graham designated TE by arbitrator

Originally Posted by B_Dub_Saint View Post
It seems everyone is pushing for about 10mil a year. How can we do this with roughly about 1.5 mil left in cap room?
Easily. You give a signing bonus of around $24 million on a six year deal worth $56 million with a base salary of $2.5 million the first year. Base salary will be back loaded over the contract term. That would count $6.5 million ($4M prorated bonus plus base) in year one. His franchise tag was $7.3M. That deal would actually free up $800K in the current year cap to make other moves.
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Old 07-03-2014, 12:20 AM   #53
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Re: Graham designated TE by arbitrator

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Old 07-03-2014, 02:57 AM   #54
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Re: Graham designated TE by arbitrator

I just hope he finds a way to feed his family for 7+ million a year. Poor fellow.
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Old 07-03-2014, 06:46 AM   #55
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Re: Graham designated TE by arbitrator

Originally Posted by Cruize View Post
I just hope he finds a way to feed his family for 7+ million a year. Poor fellow.

Not this again.....



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Old 07-03-2014, 09:04 AM   #56
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Re: Graham designated TE by arbitrator

Originally Posted by AsylumGuido View Post
Easily. You give a signing bonus of around $24 million on a six year deal worth $56 million with a base salary of $2.5 million the first year. Base salary will be back loaded over the contract term. That would count $6.5 million ($4M prorated bonus plus base) in year one. His franchise tag was $7.3M. That deal would actually free up $800K in the current year cap to make other moves.
That was great. You should do my taxes bro. I might be a rich man

Im still puzzled how the cap really works and the loop holes to get through them.
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Old 07-03-2014, 09:58 AM   #57
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Re: Graham designated TE by arbitrator

Ok, so now it's over. Get a deal done. It will get done.
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Old 07-03-2014, 10:46 AM   #58
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Re: Graham designated TE by arbitrator

Originally Posted by B_Dub_Saint View Post
That was great. You should do my taxes bro. I might be a rich man

Im still puzzled how the cap really works and the loop holes to get through them.
My degree is in accounting, but my wife has always done our taxes. I am a business analyst by trade.
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Old 07-03-2014, 10:56 AM   #59
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Re: Graham designated TE by arbitrator

Originally Posted by B_Dub_Saint View Post
That was great. You should do my taxes bro. I might be a rich man

Im still puzzled how the cap really works and the loop holes to get through them.
I posted a detailed example of a potential JG contract about 3 weeks ago. You can read it here:

http://blackandgold.com/saints/66411...tml#post597157 (Saints' Jimmy Graham a franchise tight end, clearly not a wide receiver)

The cap really isn't that difficult to understand. Bonuses are divided evenly over the life of the contract. Salary is paid yearly. The cap number is the sum of the bonus part and the salary part. Bonus is guaranteed. Salary is not. The remaining bonus becomes "immediately" due if the player is cut.

So to Guido's example. A $24 million signing bonus over 6 years counts $4 million a year against the cap. With a $24 million check in hand, JG would be happy to take a $1 million salary for the first year. So the cap number is $1+$4 million = $5 million. But JG gets a $24 million check when he signs.

Now the cap number the last 3 years of the contract may be $12/$15/$18 million/year because the salary increases to $8/$11/$14 million/year by the end. But then you can renegotiate, cut another bonus check, and spread out the cap number by extending the contract. Or if the player isn't productive simply cut them and eat the remaining bonus money which at that point is a lot less than the cap number with the inflated salary.

Trust me that both sides are motivated to get a long term deal done by next week. JG wants his big contract and big bonus check now, while the Saints want the cap relief of the long term contract.

That's the reason that it'll get done.

SFIAH
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Old 07-03-2014, 11:02 AM   #60
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Re: Graham designated TE by arbitrator

Originally Posted by AsylumGuido View Post
My degree is in accounting, but my wife has always done our taxes. I am a business analyst by trade.
That is enlightening. I now see why you have your perspective on this situation...

BTW my profession is my moniker "The Professor". College Profs always want to analyze everything. That's why I find it fascinating...

SFIAH
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