New Orleans Saints agree to terms with safety Jairus Byrd

Danno · 03-12-2014, 09:25 AM

Originally Posted by TheOak

Ignore total contract $ focus only on guaranteed.

At the end of the day the deal will be evaluated on his success. If he balls out as a top safety it's a win, if he flops it's a loss even if it was a 5m contact.

A re-post...

54 million over 6 years, 28 million guaranteed?

All may not be what it seems. It could be sturctured like...

Year 1..salary 1 million + guaranteed 4.7 = 5.7 million
Year 2..salary 2 million + guaranteed 4.7 = 6.7 million
Year 3..salary 3 million + guaranteed 4.7 = 7.7 million
Year 4..salary 4 million + guaranteed 4.7 = 8.7 million
Year 5..salary 7 million + guaranteed 4.7 = 11.7 million
Year 6..salary 10 million + guaranteed 4.7 = 14.7 million

Care to guess when we ask him to restructure?

I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5

TheOak · 03-12-2014, 11:16 AM

Originally Posted by Danno

A re-post...

54 million over 6 years, 28 million guaranteed?

All may not be what it seems. It could be sturctured like...

Year 1..salary 1 million + guaranteed 4.7 = 5.7 million

Year 2..salary 2 million + guaranteed 4.7 = 6.7 million

Year 3..salary 3 million + guaranteed 4.7 = 7.7 million

Year 4..salary 4 million + guaranteed 4.7 = 8.7 million

Year 5..salary 7 million + guaranteed 4.7 = 11.7 million

Year 6..salary 10 million + guaranteed 4.7 = 14.7 million

Care to guess when we ask him to restructure?

I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5

Look at mine in the other thread, there is a difference between Signing Bonus and guaranteed.

Signing Bonus = Upfront and prorated for the cap.

Guaranteed = He will be paid that over the life of the contract at minimum. It is distributed any way Loomis sees fit and not prorated on a schedule.

Lower cap/year hit

TheOak · 03-12-2014, 02:03 PM

Originally Posted by Danno

A re-post...

54 million over 6 years, 28 million guaranteed?

All may not be what it seems. It could be sturctured like...

Year 1..salary 1 million + guaranteed 4.7 = 5.7 million
Year 2..salary 2 million + guaranteed 4.7 = 6.7 million
Year 3..salary 3 million + guaranteed 4.7 = 7.7 million
Year 4..salary 4 million + guaranteed 4.7 = 8.7 million
Year 5..salary 7 million + guaranteed 4.7 = 11.7 million
Year 6..salary 10 million + guaranteed 4.7 = 14.7 million

Care to guess when we ask him to restructure?

I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5

This is what I have

"I am going to make a SWAG attempt to look at what his contract will look like.

6 years - 54m / 11m signing bonus / 28m guaranteed
2014 1.83m SB / 3m - Cap Hit 4.83m
2015 1.83m SB / 4m - Cap Hit 5.83m
2016 1.83m SB / 4m - Cap Hit 5.83m
2017 1.83m SB / 6m - Cap Hit 7.83m
2018 1.83m SB / 12m - Cap Hit 13.83m
2019 1.83m SB / 14m - Cap Hit 15.83m

At the end of 2017 he has been paid all of his 28m Guaranteed
In 2018 he is cut and we will have a dead money of 3.66m

This is just a basic view and does not cover the bonuses for roster, work out etc..."
http://blackandgold.com/saints/64791...tml#post582432

03-12-2014, 09:25 AM	#1
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,758	Re: New Orleans Saints agree to terms with safety Jairus Byrd Originally Posted by TheOak Ignore total contract $ focus only on guaranteed. At the end of the day the deal will be evaluated on his success. If he balls out as a top safety it's a win, if he flops it's a loss even if it was a 5m contact. A re-post... 54 million over 6 years, 28 million guaranteed? All may not be what it seems. It could be sturctured like... Year 1..salary 1 million + guaranteed 4.7 = 5.7 million Year 2..salary 2 million + guaranteed 4.7 = 6.7 million Year 3..salary 3 million + guaranteed 4.7 = 7.7 million Year 4..salary 4 million + guaranteed 4.7 = 8.7 million Year 5..salary 7 million + guaranteed 4.7 = 11.7 million Year 6..salary 10 million + guaranteed 4.7 = 14.7 million Care to guess when we ask him to restructure? I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5 K Major likes this.

03-12-2014, 11:16 AM	#2
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,051	New Orleans Saints agree to terms with safety Jairus Byrd Originally Posted by Danno A re-post... 54 million over 6 years, 28 million guaranteed? All may not be what it seems. It could be sturctured like... Year 1..salary 1 million + guaranteed 4.7 = 5.7 million Year 2..salary 2 million + guaranteed 4.7 = 6.7 million Year 3..salary 3 million + guaranteed 4.7 = 7.7 million Year 4..salary 4 million + guaranteed 4.7 = 8.7 million Year 5..salary 7 million + guaranteed 4.7 = 11.7 million Year 6..salary 10 million + guaranteed 4.7 = 14.7 million Care to guess when we ask him to restructure? I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5 Look at mine in the other thread, there is a difference between Signing Bonus and guaranteed. Signing Bonus = Upfront and prorated for the cap. Guaranteed = He will be paid that over the life of the contract at minimum. It is distributed any way Loomis sees fit and not prorated on a schedule. Lower cap/year hit

03-12-2014, 02:03 PM	#3
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,051	Re: New Orleans Saints agree to terms with safety Jairus Byrd Originally Posted by Danno A re-post... 54 million over 6 years, 28 million guaranteed? All may not be what it seems. It could be sturctured like... Year 1..salary 1 million + guaranteed 4.7 = 5.7 million Year 2..salary 2 million + guaranteed 4.7 = 6.7 million Year 3..salary 3 million + guaranteed 4.7 = 7.7 million Year 4..salary 4 million + guaranteed 4.7 = 8.7 million Year 5..salary 7 million + guaranteed 4.7 = 11.7 million Year 6..salary 10 million + guaranteed 4.7 = 14.7 million Care to guess when we ask him to restructure? I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5 This is what I have "I am going to make a SWAG attempt to look at what his contract will look like. 6 years - 54m / 11m signing bonus / 28m guaranteed 2014 1.83m SB / 3m - Cap Hit 4.83m 2015 1.83m SB / 4m - Cap Hit 5.83m 2016 1.83m SB / 4m - Cap Hit 5.83m 2017 1.83m SB / 6m - Cap Hit 7.83m 2018 1.83m SB / 12m - Cap Hit 13.83m 2019 1.83m SB / 14m - Cap Hit 15.83m At the end of 2017 he has been paid all of his 28m Guaranteed In 2018 he is cut and we will have a dead money of 3.66m This is just a basic view and does not cover the bonuses for roster, work out etc..." http://blackandgold.com/saints/64791...tml#post582432
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau

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