Saints Agree To Terms With LB Junior Galette On Three-Year Contract

03-10-2013, 06:12 AM

Originally Posted by Danno

He tweeted it was 12 million, 3 years, 12 million?

Thats more than I was thinking it would be.

You gotta be kidding me.
I could have spent the money much wiser.

4 mill a year for a player that could not break into the starters roll?

this has to be a mistake.

if it is not it still is.

just when Micky was looking so good. tisk tisk.

You could have held onto Jr and probably could have added Victor Butler for the same hunk of cheese

or any other 2nd tier vet out there in FA.

i will wait

for some thing besides a tweet and pray the details are better than this

FinSaint · 03-10-2013, 07:16 AM

Originally Posted by hagan714

i will wait for some thing besides a tweet and pray the details are better than this

Hopefully Galette's tweet isn't reliable - they often aren't - so maybe it'll be 3-years/$4M total, which would seem much more accurate given that he hasn't really done anything to warrant a $4M/year contract.

Maybe a period mistake $12M -> $1.2M/year?

From the NOLA article on the topic:

With just three years of experience, Galette was a restricted free agent, meaning the Saints would have had the right to match any offer Galette received on the open market as long as the Saints tendered him a one-year offer.

The Saints apparently were prepared to make Galette a second-round tender offer of $2.023 million before the three-year deal was announced.

If that's true, then the $4M/per year contract would seem all the more unlikely given that it's double what they were prepared to tender him with.

jlouhill · 03-10-2013, 08:23 AM

I'm with fin on this. I too think a period was missing in the tweet.

Danno · 03-10-2013, 10:48 AM

It could also be very back-loaded. 2-4-6 million, if incentives are met.

TheOak · 03-12-2013, 09:24 AM

Originally Posted by FinSaint

That would probably cut it... pardon the pun.

Cutting Smith would cost $6.8M prorated over 2013 and 2014.

Cutting Vilma would cost $2.6M prorated for 2013.

Cutting Harper would cost $3.5M prorated over 2013 and 2014.

So, there are savings to be made there, especially when considering Smith's cap hits.

That assumption is incorrect.

Dead Money - Prorated bonus comes to meet you as soon as you cut someone... That year.

Will Smiths dead money hits you this year if you cut him.
Will Smith Contract, Salaries, and Transactions
Vilma
Jonathan Vilma Contract, Salaries, and Transactions

Example on Drew Brees:
if we cut him this year 29.6M comes to meet us.
Drew Brees Contract, Salaries, and Transactions

The proratian only fulfills its destiny if the player plays out his contract or it is restructured.

Danno · 03-12-2013, 10:50 AM

Originally Posted by TheOak

That assumption is incorrect.

Dead Money - Prorated bonus comes to meet you as soon as you cut someone... That year.

Will Smiths dead money hits you this year if you cut him.
Will Smith Contract, Salaries, and Transactions
Vilma
Jonathan Vilma Contract, Salaries, and Transactions

Example on Drew Brees:
if we cut him this year 29.6M comes to meet us.
Drew Brees Contract, Salaries, and Transactions

The proratian only fulfills its destiny if the player plays out his contract or it is restructured.

Thats not what I've been reading. If the player has at least 2 years left, you can spread that accellerated bonus money over two seasons.

TheOak · 03-12-2013, 11:40 AM

Originally Posted by Danno

Thats not what I've been reading. If the player has at least 2 years left, you can spread that accellerated bonus money over two seasons.

If you look at sportrac there is only one line number for dead money when you click on a specific players contract. That number is always in the current year.

http://www.nationalfootballpost.com/...disasters.html

When a player is released or traded, the remaining proration of the salary components that are treated like a signing bonus immediately accelerate into his team’s current salary cap. For example, if a player signs a five-year contract with a $5 million signing bonus, $1 million of his signing bonus counts towards the salary cap for each year of his five-year contract. If he is released after the second year of his contract, the $2 million of signing bonus proration from the last two years of the contract automatically accelerates into the club’s current cap, creating $3 million of dead money.

Rugby Saint II · 03-12-2013, 12:58 PM

I didn't think he had done enough to warrant anything more than a small contract.
RR must like what he sees on film.

Danno · 03-12-2013, 01:58 PM

Originally Posted by TheOak

If you look at sportrac there is only one line number for dead money when you click on a specific players contract. That number is always in the current year.

Dead money disasters | National Football Post

When a player is released or traded, the remaining proration of the salary components that are treated like a signing bonus immediately accelerate into his team’s current salary cap. For example, if a player signs a five-year contract with a $5 million signing bonus, $1 million of his signing bonus counts towards the salary cap for each year of his five-year contract. If he is released after the second year of his contract, the $2 million of signing bonus proration from the last two years of the contract automatically accelerates into the club’s current cap, creating $3 million of dead money.

I'll review more, but it has to do with designating the player as a "June 1st" cut, then you can spread the hit over two years instead of just one.

If we can spread it over 2 years, cutting the 3 amigos (or forcing them to accept much less) is pretty much a no brainer.

The only person who'll have a fit over this is Benson, who will lose about 14 million for nothing.

TheOak · 03-12-2013, 02:15 PM

Originally Posted by Danno

I'll review more, but it has to do with designating the player as a "June 1st" cut, then you can spread the hit over two years instead of just one.

If we can spread it over 2 years, cutting the 3 amigos (or forcing them to accept much less) is pretty much a no brainer.

The only person who'll have a fit over this is Benson, who will lose about 14 million for nothing.

Philadelphia Eagles Salary Cap -- Analyzing the CBA
Acceleration
(1) For any player removed from the Team's roster, or whose Contract is assigned to another Club via waivers or trade, on or before June 1 in any league Year prior to the Final Capped Year, or at any time during the Final Capped Year, and unamortized signing bonus amounts will be included in Team Salary for such League Year except that for each League Year preceding the Final Capped Year, each Club may designate up to two Player Contracts that, if terminated on or prior to June 1 and if not renegotiated after the last regular season game of the prior League Year, shall be treated (except to the extent prescribed by Section 7(d)(iii) below) as if terminated on June 2, i.e., the Salary Cap charge for each such contract will remain in the Club's Team Salary until June 2, at which time its Paragraph 5 Salary and any unearned LTBE incentives will no longer be counted and any unamortized signing bonus will be treated as set forth in Subsection (2) below.
(2) For any player removed from the Team's roster or whose Contract is assigned via waivers or trade after June 1, except in the Final Capped Year, any unamortized signing bonus amounts for future years will be included fully in Team Salary at the start of the next League Year.

Analysis: If a player is cut or traded before June 1st, then the prorations for every year of his contract not yet completed "accelerate" into the current year. This is also known as "dead money". If the player is cut or traded after June 1st, then only that current year's proration becomes dead money, while the proration from all future years accelerates into the next year. Each year, a team can select two players who will be cut before June 1st but will be treated as though they were cut after June 1st in terms of the salary cap. The only difference is that in reality the player is a free agent without having to wait until June.

Smith and Harper are the only ones that would be effected. Vilma is in his final year and there is no proration.

03-10-2013, 06:12 AM	#21
Threaded by hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68 Rating: (0 votes - average) Originally Posted by Danno He tweeted it was 12 million, 3 years, 12 million? Thats more than I was thinking it would be. You gotta be kidding me. I could have spent the money much wiser. 4 mill a year for a player that could not break into the starters roll? this has to be a mistake. if it is not it still is. just when Micky was looking so good. tisk tisk. You could have held onto Jr and probably could have added Victor Butler for the same hunk of cheese or any other 2nd tier vet out there in FA. i will wait for some thing besides a tweet and pray the details are better than this jlouhill and FinSaint like this. Last edited by hagan714; 03-10-2013 at 06:37 AM..
Views: 7566

03-10-2013, 07:16 AM	#22
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,961	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract Originally Posted by hagan714 i will wait for some thing besides a tweet and pray the details are better than this Hopefully Galette's tweet isn't reliable - they often aren't - so maybe it'll be 3-years/$4M total, which would seem much more accurate given that he hasn't really done anything to warrant a $4M/year contract. Maybe a period mistake $12M -> $1.2M/year? From the NOLA article on the topic: With just three years of experience, Galette was a restricted free agent, meaning the Saints would have had the right to match any offer Galette received on the open market as long as the Saints tendered him a one-year offer. The Saints apparently were prepared to make Galette a second-round tender offer of $2.023 million before the three-year deal was announced. If that's true, then the $4M/per year contract would seem all the more unlikely given that it's double what they were prepared to tender him with.

03-10-2013, 08:23 AM	#23
jlouhill 500th Post Join Date: Feb 2010 Location: Denton, Tx. Posts: 692	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract I'm with fin on this. I too think a period was missing in the tweet.

03-10-2013, 10:48 AM	#24
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,723	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract It could also be very back-loaded. 2-4-6 million, if incentives are met.

03-12-2013, 09:24 AM	#25
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,027	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract Originally Posted by FinSaint That would probably cut it... pardon the pun. Cutting Smith would cost $6.8M prorated over 2013 and 2014. Cutting Vilma would cost $2.6M prorated for 2013. Cutting Harper would cost $3.5M prorated over 2013 and 2014. So, there are savings to be made there, especially when considering Smith's cap hits. That assumption is incorrect. Dead Money - Prorated bonus comes to meet you as soon as you cut someone... That year. Will Smiths dead money hits you this year if you cut him. Will Smith Contract, Salaries, and Transactions Vilma Jonathan Vilma Contract, Salaries, and Transactions Example on Drew Brees: if we cut him this year 29.6M comes to meet us. Drew Brees Contract, Salaries, and Transactions The proratian only fulfills its destiny if the player plays out his contract or it is restructured.

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03-12-2013, 10:50 AM	#26
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,723	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract Originally Posted by TheOak That assumption is incorrect. Dead Money - Prorated bonus comes to meet you as soon as you cut someone... That year. Will Smiths dead money hits you this year if you cut him. Will Smith Contract, Salaries, and Transactions Vilma Jonathan Vilma Contract, Salaries, and Transactions Example on Drew Brees: if we cut him this year 29.6M comes to meet us. Drew Brees Contract, Salaries, and Transactions The proratian only fulfills its destiny if the player plays out his contract or it is restructured. Thats not what I've been reading. If the player has at least 2 years left, you can spread that accellerated bonus money over two seasons. TheOak likes this.

03-12-2013, 11:40 AM	#27
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,027	Originally Posted by Danno Thats not what I've been reading. If the player has at least 2 years left, you can spread that accellerated bonus money over two seasons. If you look at sportrac there is only one line number for dead money when you click on a specific players contract. That number is always in the current year. http://www.nationalfootballpost.com/...disasters.html When a player is released or traded, the remaining proration of the salary components that are treated like a signing bonus immediately accelerate into his team’s current salary cap. For example, if a player signs a five-year contract with a $5 million signing bonus, $1 million of his signing bonus counts towards the salary cap for each year of his five-year contract. If he is released after the second year of his contract, the $2 million of signing bonus proration from the last two years of the contract automatically accelerates into the club’s current cap, creating $3 million of dead money.
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau Last edited by TheOak; 03-12-2013 at 11:47 AM..

03-12-2013, 12:58 PM	#28
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,073	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract I didn't think he had done enough to warrant anything more than a small contract. RR must like what he sees on film.

03-12-2013, 01:58 PM	#29
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,723	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract Originally Posted by TheOak If you look at sportrac there is only one line number for dead money when you click on a specific players contract. That number is always in the current year. Dead money disasters \| National Football Post When a player is released or traded, the remaining proration of the salary components that are treated like a signing bonus immediately accelerate into his team’s current salary cap. For example, if a player signs a five-year contract with a $5 million signing bonus, $1 million of his signing bonus counts towards the salary cap for each year of his five-year contract. If he is released after the second year of his contract, the $2 million of signing bonus proration from the last two years of the contract automatically accelerates into the club’s current cap, creating $3 million of dead money. I'll review more, but it has to do with designating the player as a "June 1st" cut, then you can spread the hit over two years instead of just one. If we can spread it over 2 years, cutting the 3 amigos (or forcing them to accept much less) is pretty much a no brainer. The only person who'll have a fit over this is Benson, who will lose about 14 million for nothing.

03-12-2013, 02:15 PM	#30
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,027	Re: Saints Agree To Terms With LB Junior Galette On Three-Year Contract Originally Posted by Danno I'll review more, but it has to do with designating the player as a "June 1st" cut, then you can spread the hit over two years instead of just one. If we can spread it over 2 years, cutting the 3 amigos (or forcing them to accept much less) is pretty much a no brainer. The only person who'll have a fit over this is Benson, who will lose about 14 million for nothing. Philadelphia Eagles Salary Cap -- Analyzing the CBA Acceleration (1) For any player removed from the Team's roster, or whose Contract is assigned to another Club via waivers or trade, on or before June 1 in any league Year prior to the Final Capped Year, or at any time during the Final Capped Year, and unamortized signing bonus amounts will be included in Team Salary for such League Year except that for each League Year preceding the Final Capped Year, each Club may designate up to two Player Contracts that, if terminated on or prior to June 1 and if not renegotiated after the last regular season game of the prior League Year, shall be treated (except to the extent prescribed by Section 7(d)(iii) below) as if terminated on June 2, i.e., the Salary Cap charge for each such contract will remain in the Club's Team Salary until June 2, at which time its Paragraph 5 Salary and any unearned LTBE incentives will no longer be counted and any unamortized signing bonus will be treated as set forth in Subsection (2) below. (2) For any player removed from the Team's roster or whose Contract is assigned via waivers or trade after June 1, except in the Final Capped Year, any unamortized signing bonus amounts for future years will be included fully in Team Salary at the start of the next League Year. Analysis: If a player is cut or traded before June 1st, then the prorations for every year of his contract not yet completed "accelerate" into the current year. This is also known as "dead money". If the player is cut or traded after June 1st, then only that current year's proration becomes dead money, while the proration from all future years accelerates into the next year. Each year, a team can select two players who will be cut before June 1st but will be treated as though they were cut after June 1st in terms of the salary cap. The only difference is that in reality the player is a free agent without having to wait until June. Smith and Harper are the only ones that would be effected. Vilma is in his final year and there is no proration.
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau

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