Colston restructures his contract

Danno · 03-02-2013, 09:16 AM

Originally Posted by dizzle88

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?

My example wasn't Colstons numbers, just an example of how it works.

Its simply converting yearly salary (which he only gets if he makes the team) to Bonus money, which he gets regardless of whether he makes the team or not. And he gets it right now.

The team can now take the bonus portion and spread it out evenly over the life of the contract.

We're lowering the cap hit now by raising it later. A lot can happen later, like big salaries coming off the books, expensive players being replaced by cheaper ones, or the yearly cap going up.

Thats why I feel we need to start drafting better. Draft picks are cheap.

We also need to keep signing mid-tier free-agents. They won't break the bank and sometimes they work out very well (Goodwin, DLP, Greer, D. Thomas, Hargrove, Sharper etc...)

What will kill us are high-priced free-agents that don't pan out. The Drew Brees signings are definitely the exception, not the rule.

03-02-2013, 09:16 AM	#34
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,751	Re: Colston restructures his contract Originally Posted by dizzle88 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? My example wasn't Colstons numbers, just an example of how it works. Its simply converting yearly salary (which he only gets if he makes the team) to Bonus money, which he gets regardless of whether he makes the team or not. And he gets it right now. The team can now take the bonus portion and spread it out evenly over the life of the contract. We're lowering the cap hit now by raising it later. A lot can happen later, like big salaries coming off the books, expensive players being replaced by cheaper ones, or the yearly cap going up. Thats why I feel we need to start drafting better. Draft picks are cheap. We also need to keep signing mid-tier free-agents. They won't break the bank and sometimes they work out very well (Goodwin, DLP, Greer, D. Thomas, Hargrove, Sharper etc...) What will kill us are high-priced free-agents that don't pan out. The Drew Brees signings are definitely the exception, not the rule.

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