If you were Loomis writing Graham's contract

AsylumGuido · 07-14-2014, 10:24 PM

Originally Posted by burningmetal

Everything I have said up to this point is my hangup. This isn't a normal business. There is a salary cap. I understand he deserves more than he has been making. I just don't want to see a ridiculously high number thrown at him, because we're already on the hook with Drew.

No this isn't a normal business, but it is a business being run by individuals that know a whole hell of a lot more than you do about the finances. I am not sure what your expertise involves, but I have spent most of my life working in business. I have a degree in accounting and am a business analyst. I have been schooled in business law and have a better understanding than the vast majority of average fans on the working of a salary cap. The numbers involved in any NFL contract are meaningless as far as yearly average. The only number that mean anything are guaranteed dollar and year by year cap hit.

You mention Brees. We are not on the hook for hardly anything. He has already received most of his guaranteed money as a signing bonus. Loomis can easily guarantee a minimal amount more of the non-guaranteed amount as another bonus and greatly reduce his cap hit in any of the next three seasons. They can do the same with other players across the board.

All of this obsession with cap space is a waste of time for the average fan. It is not an issue. Believe me.

07-14-2014, 10:24 PM	#11
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,768	Re: If you were Loomis writing Graham's contract Originally Posted by burningmetal Everything I have said up to this point is my hangup. This isn't a normal business. There is a salary cap. I understand he deserves more than he has been making. I just don't want to see a ridiculously high number thrown at him, because we're already on the hook with Drew. No this isn't a normal business, but it is a business being run by individuals that know a whole hell of a lot more than you do about the finances. I am not sure what your expertise involves, but I have spent most of my life working in business. I have a degree in accounting and am a business analyst. I have been schooled in business law and have a better understanding than the vast majority of average fans on the working of a salary cap. The numbers involved in any NFL contract are meaningless as far as yearly average. The only number that mean anything are guaranteed dollar and year by year cap hit. You mention Brees. We are not on the hook for hardly anything. He has already received most of his guaranteed money as a signing bonus. Loomis can easily guarantee a minimal amount more of the non-guaranteed amount as another bonus and greatly reduce his cap hit in any of the next three seasons. They can do the same with other players across the board. All of this obsession with cap space is a waste of time for the average fan. It is not an issue. Believe me.

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