Colston restructures his contract

dizzle88 · 03-02-2013, 03:20 AM

Originally Posted by Danno

The guaranteed money he gets right away. Think of it as a salary advance. He gets more money now, but the team can spread the cap hit out.

In the example I showed, he already got a 10 million dollar check for signing the contract.

He now gets another 6.4 million dollar check without playing a down.

Its the same total amount, he just gets more of it right away.

And therefore because he gets more of it right away, that 6.4 mil we have just handed him gets subtracted from the salary cap figure, is that correct?
So colston has saved us 6.4 mil on the cap by restructuring and taking it now?

03-02-2013, 03:20 AM	#32
dizzle88 10000 POST CLUB Join Date: Oct 2009 Posts: 11,523	Re: Colston restructures his contract Originally Posted by Danno The guaranteed money he gets right away. Think of it as a salary advance. He gets more money now, but the team can spread the cap hit out. In the example I showed, he already got a 10 million dollar check for signing the contract. He now gets another 6.4 million dollar check without playing a down. Its the same total amount, he just gets more of it right away. And therefore because he gets more of it right away, that 6.4 mil we have just handed him gets subtracted from the salary cap figure, is that correct? So colston has saved us 6.4 mil on the cap by restructuring and taking it now?

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