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this is a discussion within the Saints Community Forum; ok thats cool gotcha...
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06-09-2005, 07:18 PM | #11 |
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ok thats cool gotcha
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06-10-2005, 09:04 AM | #12 |
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Originally Posted by mayoj
You can theoretically cut a player at any time. No NFL contract is guaranteed.
The typical NFL contract consists of a signing bonus, which is guaranteed, and annual salary, which is not. With rare exceptions (see Ricky Williams) the player gets to keep the signing bonus no matter what. OTOH the annual salary isn't guaranteed at all. Now for salary cap purposes the signing bonus is spread over the life of the contract. So a player with a 5 year contract and a $10 million signing bonus would have a cap number of $2 million per year for the signing bonus. BTW Sullivan's bonus was 11.4 million on a 7 year contract which means he costs about $1.6 million against the cap each year. Note that the annual salary is also added to the cap number. Now when you cut a player the team has to pay the remainder of the signing bonus money against the cap. Typically that money has to be paid immediately. For Sullivan that number is about $8 million. Hopefully you can see the problem now. If we keep the lazy lug, he costs $1.6 million. If we cut him you take a $8 million hit right now. So the correct course of action is to continue to try to motivate him to live somewhere close to his potential.
All signing bonuses are a gamble. So far Sullivan's has come up craps.
Sullivan can void the last two years of his contract with sufficient performance numbers. A better tact would be to convince the guy to play better so he can get to his next contract and next signing bonus earlier.
SFIAH |
06-10-2005, 12:40 PM | #13 |
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Nice work SFIAH. Where you been?
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06-10-2005, 01:34 PM | #14 |
The Professor
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Originally Posted by JKool
Trying to finish my PhD. I've been reading on and off since the board came back online. But not too much time to write right now.
SFIAH |
06-10-2005, 07:22 PM | #15 |
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Nice! Me too.
What are you writing/researching in? |
06-11-2005, 10:27 AM | #16 |
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Thanks for all the info SFIAH. Here's to a developed, mature D in 2005.
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06-11-2005, 12:23 PM | #17 |
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Good info SFIAH, that really helped.
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