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11-29-2003, 03:23 PM
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Waterboy Forever
Join Date: Oct 2000
Location: Oceanside NY
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Cap Out Problem?
I was wondering what the benefit to the player would be for a cap-out offer, unless the way it's implemented is broken. Here's what the player currently makes:
Season 1 - $4.0 mil base/1.08 mil bonus Season 2- $4.75 mil base/1.08 mil bonus Season 3- $6.5 mil base/1.08 mil bonus Season 4- $7.0 mil base/1.08 mil bonus This is what he requested to renegotiate: 5 years- 18.7 mil bonus with the following bases: Season 1- 1.4 mil Season 2- 8.21 mil Season 3- 10.52 mil Season 4- 12.62 mil Season 5- 14.85 mil This was the "Cap-Out" offer, which he accepted 4 years- 3.32 mil bonus with bases: Season 1- 680,000 Season 2- 4.75 mil Season 3- 6.5 mil Season 4- 7.0 mil The guy is a relatively productive receiver. Does the cap out have a connection to loyalty? Where a more loyal player is willing to take less to help a cap troubled team? This guy has a 94 in loyalty. |
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11-29-2003, 03:29 PM
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Strategy Moderator
Join Date: Nov 2001
Location: North Carolina
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Well, in real life the cap-out is basically always a positive for the player. All it does is take (non-guaranteed) base salary and convert it to (guaranteed) signing bonus. They would probably agree to it in any situation.
The only side effect is it increases the odds you will: 1. Be released at some point when your salary gets totally out of hand, leaving the team with some hefty "dead money" 2. Increase the odds you will need to re-negotiate later to alleviate the cap issues.
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11-29-2003, 03:32 PM
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#3 |
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Waterboy Forever
Join Date: Oct 2000
Location: Oceanside NY
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Ahhh....Now I get it. Thanks
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11-29-2003, 05:07 PM
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#4 | ||
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Strategy Moderator
Join Date: Nov 2001
Location: North Carolina
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Quote:
No problem. I think unless you closely follow NFL contract news (as I do), this is the first time most people are seeing this sort of thing. It really has become very commonplace, and I was glad to see it as a new feature. Taking a closer look at your example from above, here was your WR's original contract: Season 1 - $4.0 mil base/1.08 mil bonus Season 2- $4.75 mil base/1.08 mil bonus Season 3- $6.5 mil base/1.08 mil bonus Season 4- $7.0 mil base/1.08 mil bonus and the "cap out" offer: $ 3.32 million dollar bonus, and the following base salaries Season 1- 680,000 Season 2- 4.75 mil Season 3- 6.5 mil Season 4- 7.0 mil All you've done is knocked his current base salary (4.0 mill) down to the minimum for him (680,000) and handed him the difference (3.32 mill) in a bonus. You've saved yourself some cap room for this year, and pushed back the burden a bit. Post negotiation, his deal would look like this: Season 1 - $680 thousand base/1.91 bonus Season 2- $4.75 mil base/1.91 mil bonus Season 3- $6.5 mil base/1.91 mil bonus Season 4- $7.0 mil base/1.91 mil bonus
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11-29-2003, 06:03 PM
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#5 |
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Morgado's Favorite Forum Fascist
Join Date: Oct 2000
Location: Greensboro, NC
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OK. This thread is now linked in the sticky.
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