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<blockquote data-quote="HardRightEdge" data-source="post: 488787"><p><strong>Brees vs. Rodgers - Part I</strong></p><p> </p><p>The signing bonus and guaranteed $'s are critical in these things. Years and total $ can be misleading, with performance incentives and option year gimmicks (see Vick). The devil is in the details.</p><p> </p><p>As best I can tell, the richest, cleanest deal in the league right now is Brees 2012 contract. The only richer deal ever written might be Manning's last one with the Colts, but I don't have those details.</p><p> </p><p>Brees last deal, from rotoworld:</p><p> </p><p>"7/13/2012: Signed a five-year, $100 million contract. The deal contains $40 million guaranteed -- a $37 million signing bonus and Brees' first-year base salary. Brees is eligible for annual $250,000 workout bonuses in years two through five. 2013: $9.75 million, 2014: $10.75 million, 2015: $18.75 million, 2016: $19.75 million, 2017: Free Agent"</p><p> </p><p>rotworld has rolled off the 2012 base, but it's clear from these numbers it was $3 mil.</p><p> </p><p>With the large signing bonus prorated over the 5 years for cap purposes, it's what they call "cap friendly". What this actually means is that it's cap friendly in the early years, and cap nasty in the out year. Here's the cap breakdown by year:</p><p> </p><p>2012: $3.0 mil base + $7.4 mil signing bonus = $10.4 mil</p><p>2013: $9.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $17.4 mil</p><p>2014: $10.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $18.4 mil</p><p>2015: $18.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $26.4 mil</p><p>2016: $19.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $27.4 mil</p><p> </p><p>The conventional wisdom on these kinds of deals is the last year will never be paid; perhaps not the last two years.</p><p> </p><p>All the guaranteed money was already paid in 2012. There is no cash money to be paid out if he is released at any time going forward. However, un-prorated signing bonus $ hit the cap immediately in the year the player is release.</p><p> </p><p>Brees just turned 34 years old. By the time he gets to 2015 he'll be 36. If his performance has dropped off, the Saint's will have 3 choices...(1) keep him and take the $26.4 mil cap hit (and pay $19 mil in cash money), (2) release him at take a $14.8 mil hit against the cap in 2015 or (3) renegotiate. This was roughly the kind of choice the Colts had with Manning, which they tried their hardest to not to make the no-brainer it was, given his age, injury status and holding the #1 pick.</p><p> </p><p>Even if Brees is still playing lights out in 2015, it will have become increasingly hard to put enough decent players around him to get to the playoffs with that cap hit in 2016. The cap hit incurred by releasing him drops to $7.4 mil in 2016. That's better leverage for a renegotiation if he's still playing at a high level.</p><p> </p><p>If the team sucks in any year in the 2013 - 2015 period, they get a high pick, and a franchise-potential QB is on the board, expect them to take him in preparation for 2015 or 2016.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 488787"] [B]Brees vs. Rodgers - Part I[/B] The signing bonus and guaranteed $'s are critical in these things. Years and total $ can be misleading, with performance incentives and option year gimmicks (see Vick). The devil is in the details. As best I can tell, the richest, cleanest deal in the league right now is Brees 2012 contract. The only richer deal ever written might be Manning's last one with the Colts, but I don't have those details. Brees last deal, from rotoworld: "7/13/2012: Signed a five-year, $100 million contract. The deal contains $40 million guaranteed -- a $37 million signing bonus and Brees' first-year base salary. Brees is eligible for annual $250,000 workout bonuses in years two through five. 2013: $9.75 million, 2014: $10.75 million, 2015: $18.75 million, 2016: $19.75 million, 2017: Free Agent" rotworld has rolled off the 2012 base, but it's clear from these numbers it was $3 mil. With the large signing bonus prorated over the 5 years for cap purposes, it's what they call "cap friendly". What this actually means is that it's cap friendly in the early years, and cap nasty in the out year. Here's the cap breakdown by year: 2012: $3.0 mil base + $7.4 mil signing bonus = $10.4 mil 2013: $9.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $17.4 mil 2014: $10.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $18.4 mil 2015: $18.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $26.4 mil 2016: $19.75 mil base + $7.4 mil signing bonus + $0.25 mil workout bonus = $27.4 mil The conventional wisdom on these kinds of deals is the last year will never be paid; perhaps not the last two years. All the guaranteed money was already paid in 2012. There is no cash money to be paid out if he is released at any time going forward. However, un-prorated signing bonus $ hit the cap immediately in the year the player is release. Brees just turned 34 years old. By the time he gets to 2015 he'll be 36. If his performance has dropped off, the Saint's will have 3 choices...(1) keep him and take the $26.4 mil cap hit (and pay $19 mil in cash money), (2) release him at take a $14.8 mil hit against the cap in 2015 or (3) renegotiate. This was roughly the kind of choice the Colts had with Manning, which they tried their hardest to not to make the no-brainer it was, given his age, injury status and holding the #1 pick. Even if Brees is still playing lights out in 2015, it will have become increasingly hard to put enough decent players around him to get to the playoffs with that cap hit in 2016. The cap hit incurred by releasing him drops to $7.4 mil in 2016. That's better leverage for a renegotiation if he's still playing at a high level. If the team sucks in any year in the 2013 - 2015 period, they get a high pick, and a franchise-potential QB is on the board, expect them to take him in preparation for 2015 or 2016. [/QUOTE]
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