Junior Galette Arrested

|Mitch| · 01-05-2015, 12:23 PM

Originally Posted by Jack Vegas

It's only guaranteed if he is on the roster.

Roster bonus works like this: If you are on the roster when the bonus comes due, you get it. Typically these are broken down by game though. For instance you might get a 10 million roster bonus, divided by 16 (because there are 16 games). If a player only plays 8 games then, he would only receive half that roster bonus.

Galette's roster bonus was fully guaranteed, meaning that even if he missed half the games he would still get the whole thing. But even then, he doesn't get any of it if he is not on the roster come March 12.

Hope this helps.

Makes absolutely no sense, guaranteed money is guaranteed money...
Junior Galette Contract Details and Salary Cap Charges | Over The Cap shows that Galette has 16.2 in dead money and cutting him would only save us 750,000... that still 15.something we will have to pay regardless where he is next year

After next year, he will have 2 million guaranteed left, and we will save more by cutting unless he restructures

Jack Vegas · 01-05-2015, 12:28 PM

Originally Posted by |Mitch|

Makes absolutely no sense, guaranteed money is guaranteed money...
Junior Galette Contract Details and Salary Cap Charges | Over The Cap shows that Galette has 16.2 in dead money and cutting him would only save us 750,000... that still 15.something we will have to pay regardless where he is next year

OK then, tell you what. If you don't want to believe me, then don't! It makes no difference to me.

I would, however, suggest that you do some research on what a roster bonus is, how they are paid out, and figure it all out for yourself. It's really not that complicated once you get into it.

|Mitch| · 01-05-2015, 12:30 PM

Originally Posted by Jack Vegas

OK then, tell you what. If you don't want to believe me, then don't! It makes no difference to me.

I would, however, suggest that you do some research on what a roster bonus is, how they are paid out, and figure it all out for yourself. It's really not that complicated once you get into it.

I would suggest you do some research on what guaranteed and dead money is, how it is paid out and figure it all out for yourself...

With your "theory" we could cut Drew because he has no roster bonus and not have to pay him the rest of his guaranteed...

ignorance...

Jack Vegas · 01-05-2015, 12:35 PM

Originally Posted by |Mitch|

I would suggest you do some research on what guaranteed and dead money is, how it is paid out and figure it all out for yourself...

With your "theory" we could cut Drew because he has no roster bonus and not have to pay him the rest of his guaranteed...

ignorance...

I don't think you understand, but I wish you wouldn't be so hostile about this.

Galette's cap number is $15 million dollars. The roster bonus, $12.5 million, comprises most of that $15 million. Therefore, if he doesn't receive his roster bonus, the cap number is greatly reduced (keep in mind, I'm only talking about in terms of this year, not the dead money from other parts of the contract that gets carried into future years).

I should note that overthecap's projection are made with the assumption that the roster bonus will be paid out. If the player is cut before the bonus comes due their projections will change accordingly.

That's what happened with Lance Moore and Harper last year, for instance. Hence we are not carrying a huge dead money number for them (among others).

Your example about Brees is the exact reverse situation. So I don't know exactly where you are coming from here.

SaintFanInATLHELL · 01-05-2015, 11:00 PM

Originally Posted by Jack Vegas

OK then, tell you what. If you don't want to believe me, then don't! It makes no difference to me.

I would, however, suggest that you do some research on what a roster bonus is, how they are paid out, and figure it all out for yourself. It's really not that complicated once you get into it.

Jack,

I know that you think you are right. You are not. You are hung up on the word roster. But it's not the focus of the discussion. The focus is the word guaranteed. It must be paid regardless if the player is on the roster or not.

A "guaranteed roster bonus" really isn't a roster bonus. What it functions as is a deferred signing bonus. This means that it's not paid at the time of signing, but that as guaranteed money it can be spread over the life of the contract.

This has benefit for the player, who is guaranteed the money, and for the team because it allows flexibility in terms of spreading out payments.

Now the type of bonus you are thinking of is called an option bonus. It becomes guaranteed on a specific day of the league year if and only if the player is still on the roster.

To see another good example of the use of a guaranteed roster bonus is Jarad Allen's Chicago contract. The Bears were tight for cap space in 2014 but wanted Allen. Allen wanted guaranteed money. In 2015 the Bears would have more cap space due to dead money dropping off. So Allen's contract is structured with an $11 million guaranteed roster bonus for 2015. He doesn't get the money at signing. He gets it early in the 2015 league year. It doesn't count against the 2014 cap and can either count completely against the 2015 cap, or can be converted an spread over the remainder of the contract just like a signing bonus.

But the key is that the payment isn't contingent on being on the roster. Allen would get those dollars if he were cut or if he retired. So it's just like a signing bonus, except it doesn't get paid at the time of signing.

SFIAH

Jonboy · 01-06-2015, 12:01 AM

The roster bonus seems like it's one of the easiest ways for the Saints to begin salary cap trimming. The team could possibly turn this bonus into signing bonus money to spread the hit over four more seasons.

But I'm wondering if a possible suspension triggers a clause in the contract that would make Galette's $12.5 million roster bonus non-guaranteed. Or at the least, if the Saints can recoup some of the money.

Suspensions tied to potential bonuses are included in some NFL contracts. It wouldn't surprise me if Galette's deal possessed an out clause to protect the franchise.

Junior Galette's arrest once again calls into question his maturity level: Larry Holder | NOLA.com

------------------------------------------------------------------------------------

Hopefully guaranteed doesn't always necessarily mean fully guaranteed.

Hopefully there is a clause in the contract stating: If you do anything overly retarded like "beat up a woman" your contract is void! No deal!

vtiger72 · 01-06-2015, 05:07 PM

Originally Posted by Jonboy

The roster bonus seems like it's one of the easiest ways for the Saints to begin salary cap trimming. The team could possibly turn this bonus into signing bonus money to spread the hit over four more seasons.

But I'm wondering if a possible suspension triggers a clause in the contract that would make Galette's $12.5 million roster bonus non-guaranteed. Or at the least, if the Saints can recoup some of the money.

Suspensions tied to potential bonuses are included in some NFL contracts. It wouldn't surprise me if Galette's deal possessed an out clause to protect the franchise.

Junior Galette's arrest once again calls into question his maturity level: Larry Holder | NOLA.com

------------------------------------------------------------------------------------

Hopefully guaranteed doesn't always necessarily mean fully guaranteed.

Hopefully there is a clause in the contract stating: If you do anything overly retarded like "beat up a woman" your contract is void! No deal!

You are correct and the Saints likely wrote it as a roster bonus so they can convert it to signing bonus and spread it out. A signing bonus can only be spread over five years, so often teams write these guaranteed roster bonuses which then are converted to signing and move money further out. Either way, the Saints would absorb the whole amount if he is cut.

01-05-2015, 12:23 PM	#1
\|Mitch\| 10000 POST CLUB Join Date: Oct 2009 Location: Alexandria, La Posts: 11,303	Re: Junior Galette Arrested Originally Posted by Jack Vegas It's only guaranteed if he is on the roster. Roster bonus works like this: If you are on the roster when the bonus comes due, you get it. Typically these are broken down by game though. For instance you might get a 10 million roster bonus, divided by 16 (because there are 16 games). If a player only plays 8 games then, he would only receive half that roster bonus. Galette's roster bonus was fully guaranteed, meaning that even if he missed half the games he would still get the whole thing. But even then, he doesn't get any of it if he is not on the roster come March 12. Hope this helps. Makes absolutely no sense, guaranteed money is guaranteed money... Junior Galette Contract Details and Salary Cap Charges \| Over The Cap shows that Galette has 16.2 in dead money and cutting him would only save us 750,000... that still 15.something we will have to pay regardless where he is next year After next year, he will have 2 million guaranteed left, and we will save more by cutting unless he restructures
	Last edited by \|Mitch\|; 01-05-2015 at 12:27 PM..

01-05-2015, 12:28 PM	#2
Jack Vegas 1000 Posts + Join Date: Jul 2011 Posts: 2,254	Re: Junior Galette Arrested Originally Posted by \|Mitch\| Makes absolutely no sense, guaranteed money is guaranteed money... Junior Galette Contract Details and Salary Cap Charges \| Over The Cap shows that Galette has 16.2 in dead money and cutting him would only save us 750,000... that still 15.something we will have to pay regardless where he is next year OK then, tell you what. If you don't want to believe me, then don't! It makes no difference to me. I would, however, suggest that you do some research on what a roster bonus is, how they are paid out, and figure it all out for yourself. It's really not that complicated once you get into it.
Jack Vegas 1000 Posts + Join Date: Jul 2011 Posts: 2,254

01-05-2015, 12:30 PM	#3
\|Mitch\| 10000 POST CLUB Join Date: Oct 2009 Location: Alexandria, La Posts: 11,303	Re: Junior Galette Arrested Originally Posted by Jack Vegas OK then, tell you what. If you don't want to believe me, then don't! It makes no difference to me. I would, however, suggest that you do some research on what a roster bonus is, how they are paid out, and figure it all out for yourself. It's really not that complicated once you get into it. I would suggest you do some research on what guaranteed and dead money is, how it is paid out and figure it all out for yourself... With your "theory" we could cut Drew because he has no roster bonus and not have to pay him the rest of his guaranteed... ignorance...

01-05-2015, 12:35 PM	#4
Jack Vegas 1000 Posts + Join Date: Jul 2011 Posts: 2,254	Re: Junior Galette Arrested Originally Posted by \|Mitch\| I would suggest you do some research on what guaranteed and dead money is, how it is paid out and figure it all out for yourself... With your "theory" we could cut Drew because he has no roster bonus and not have to pay him the rest of his guaranteed... ignorance... I don't think you understand, but I wish you wouldn't be so hostile about this. Galette's cap number is $15 million dollars. The roster bonus, $12.5 million, comprises most of that $15 million. Therefore, if he doesn't receive his roster bonus, the cap number is greatly reduced (keep in mind, I'm only talking about in terms of this year, not the dead money from other parts of the contract that gets carried into future years). I should note that overthecap's projection are made with the assumption that the roster bonus will be paid out. If the player is cut before the bonus comes due their projections will change accordingly. That's what happened with Lance Moore and Harper last year, for instance. Hence we are not carrying a huge dead money number for them (among others). Your example about Brees is the exact reverse situation. So I don't know exactly where you are coming from here.
Jack Vegas 1000 Posts + Join Date: Jul 2011 Posts: 2,254

01-05-2015, 11:00 PM	#5
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,781	Re: Junior Galette Arrested Originally Posted by Jack Vegas OK then, tell you what. If you don't want to believe me, then don't! It makes no difference to me. I would, however, suggest that you do some research on what a roster bonus is, how they are paid out, and figure it all out for yourself. It's really not that complicated once you get into it. Jack, I know that you think you are right. You are not. You are hung up on the word roster. But it's not the focus of the discussion. The focus is the word guaranteed. It must be paid regardless if the player is on the roster or not. A "guaranteed roster bonus" really isn't a roster bonus. What it functions as is a deferred signing bonus. This means that it's not paid at the time of signing, but that as guaranteed money it can be spread over the life of the contract. This has benefit for the player, who is guaranteed the money, and for the team because it allows flexibility in terms of spreading out payments. Now the type of bonus you are thinking of is called an option bonus. It becomes guaranteed on a specific day of the league year if and only if the player is still on the roster. To see another good example of the use of a guaranteed roster bonus is Jarad Allen's Chicago contract. The Bears were tight for cap space in 2014 but wanted Allen. Allen wanted guaranteed money. In 2015 the Bears would have more cap space due to dead money dropping off. So Allen's contract is structured with an $11 million guaranteed roster bonus for 2015. He doesn't get the money at signing. He gets it early in the 2015 league year. It doesn't count against the 2014 cap and can either count completely against the 2015 cap, or can be converted an spread over the remainder of the contract just like a signing bonus. But the key is that the payment isn't contingent on being on the roster. Allen would get those dollars if he were cut or if he retired. So it's just like a signing bonus, except it doesn't get paid at the time of signing. SFIAH vtiger72 likes this.
	Super Bowl Championships: New Orleans Saints:1, Carolina:0, Atlanta Chokers: STILL ZERO Only Atlanta choked in an unchokable situation... Life is definitely good.

01-06-2015, 12:01 AM	#6
Jonboy Rookie Join Date: Jan 2015 Posts: 6	Re: Junior Galette Arrested The roster bonus seems like it's one of the easiest ways for the Saints to begin salary cap trimming. The team could possibly turn this bonus into signing bonus money to spread the hit over four more seasons. But I'm wondering if a possible suspension triggers a clause in the contract that would make Galette's $12.5 million roster bonus non-guaranteed. Or at the least, if the Saints can recoup some of the money. Suspensions tied to potential bonuses are included in some NFL contracts. It wouldn't surprise me if Galette's deal possessed an out clause to protect the franchise. Junior Galette's arrest once again calls into question his maturity level: Larry Holder \| NOLA.com ------------------------------------------------------------------------------------ Hopefully guaranteed doesn't always necessarily mean fully guaranteed. Hopefully there is a clause in the contract stating: If you do anything overly retarded like "beat up a woman" your contract is void! No deal!
Jonboy Rookie Join Date: Jan 2015 Posts: 6

01-06-2015, 05:07 PM	#7
vtiger72 100th Post Join Date: Mar 2012 Posts: 185	Re: Junior Galette Arrested Originally Posted by Jonboy The roster bonus seems like it's one of the easiest ways for the Saints to begin salary cap trimming. The team could possibly turn this bonus into signing bonus money to spread the hit over four more seasons. But I'm wondering if a possible suspension triggers a clause in the contract that would make Galette's $12.5 million roster bonus non-guaranteed. Or at the least, if the Saints can recoup some of the money. Suspensions tied to potential bonuses are included in some NFL contracts. It wouldn't surprise me if Galette's deal possessed an out clause to protect the franchise. Junior Galette's arrest once again calls into question his maturity level: Larry Holder \| NOLA.com ------------------------------------------------------------------------------------ Hopefully guaranteed doesn't always necessarily mean fully guaranteed. Hopefully there is a clause in the contract stating: If you do anything overly retarded like "beat up a woman" your contract is void! No deal! You are correct and the Saints likely wrote it as a roster bonus so they can convert it to signing bonus and spread it out. A signing bonus can only be spread over five years, so often teams write these guaranteed roster bonuses which then are converted to signing and move money further out. Either way, the Saints would absorb the whole amount if he is cut.
vtiger72 100th Post Join Date: Mar 2012 Posts: 185

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