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Actual Signed Roster For 2022
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<blockquote data-quote="sschind" data-source="post: 947985" data-attributes="member: 10247"><p>Kings contract was for around 5 million. 1 million in salary, 250K in roaster bonus in 2021 and a 3.75 million dollar signing bonus. He had no salary or bonus in 2022 or beyond because those were void years. The only money counted against the cap in those years was from the prorated SB. (3.75 Million divided be 5 years.) By adding 4 void years they were able spread the SB hit (3.75 million) out over 5 years thus his total cap hit for last year was right around 2 million. If they would have just done 2022 and been done with it the SB hit would have been split between 2 years and his cap hit for the SB alone would have been almost 2 million a year. Thus his cap hit for 2021 would have been around 3.1 million instead of not quite 2</p><p></p><p>I've read a few articles pertaining to this before I responded to your post because I wanted to be sure. It was confusing because most article only dealt with 1 void year rather than multiples which would be the same as if the Packers had done 2022 with King. The best one was about Brady's last extension with the Patriots. Ignoring salary his extension was 3 years (2019, 2020 2021) with a SB of around 20 million. The last 2 years were void years however.</p><p></p><p> This meant that even though he got the check for 20 million the Patriots only had to count 6,750,00 a year against the cap in each of the three years. He played for them in 2019 which was an actual salaried year for him and his cap hit consisted of any salary and roster and workout bonuses PLUS the 6,750,000. Then, after the 2019 season ended and they did not come to any further extension agreements he became a free agent which allowed him to sign with the Bucs in 2020. For the patriots however the 6.75 million from the 2020 AND 2021 void years both came due in 2020 and he counted 13.5 million in dead money against the cap in 2020. He did not count any against their cap in 2021 which he would have if the void years didn't accelerate.</p><p></p><p>Maybe Captain can explain it better. I'm a little confused too as why OTC keeps showing the "Cap Roll" for the void years but I think it has to do with if the two sides come to a further agreement. For example. If the Packers decide to offer Kevin king another contract for say 4 years those 750k/year cap hits in 22,23,24,25 will be reinstated and the 3 million will not count all in 2022 like it does now. It will be just as if those were real contract years and as each one passes less of the SB is left to be accelerated.</p><p></p><p>I think if you look at the actual numbers it makes more sense. Right now King is set to have a 3 million dollar dead cap hit for 2022. but if you look at the 4 void years its 750K per year. 750k times 4 years is 3 million. Instead of 750k for the next 4 years its 3 million in one year.</p><p></p><p>I guess the simplest way to explain it (why didn't I do this before? I just thought of it this way) is that the void years are just like any other year with regards to the signing bonus. give a 10 million dollar signing bonus for a 5 year contract you count 2 million per year. If you cut the guy after 3 years the 2 million for each of the remaining 2 years (4 million) all comes due at once. I could have saved us all a lot if time if I had said that right up front but since I took the time to write all that I'm going to make you all read it.</p><p></p><p>Hope this explains it.</p></blockquote><p></p>
[QUOTE="sschind, post: 947985, member: 10247"] Kings contract was for around 5 million. 1 million in salary, 250K in roaster bonus in 2021 and a 3.75 million dollar signing bonus. He had no salary or bonus in 2022 or beyond because those were void years. The only money counted against the cap in those years was from the prorated SB. (3.75 Million divided be 5 years.) By adding 4 void years they were able spread the SB hit (3.75 million) out over 5 years thus his total cap hit for last year was right around 2 million. If they would have just done 2022 and been done with it the SB hit would have been split between 2 years and his cap hit for the SB alone would have been almost 2 million a year. Thus his cap hit for 2021 would have been around 3.1 million instead of not quite 2 I've read a few articles pertaining to this before I responded to your post because I wanted to be sure. It was confusing because most article only dealt with 1 void year rather than multiples which would be the same as if the Packers had done 2022 with King. The best one was about Brady's last extension with the Patriots. Ignoring salary his extension was 3 years (2019, 2020 2021) with a SB of around 20 million. The last 2 years were void years however. This meant that even though he got the check for 20 million the Patriots only had to count 6,750,00 a year against the cap in each of the three years. He played for them in 2019 which was an actual salaried year for him and his cap hit consisted of any salary and roster and workout bonuses PLUS the 6,750,000. Then, after the 2019 season ended and they did not come to any further extension agreements he became a free agent which allowed him to sign with the Bucs in 2020. For the patriots however the 6.75 million from the 2020 AND 2021 void years both came due in 2020 and he counted 13.5 million in dead money against the cap in 2020. He did not count any against their cap in 2021 which he would have if the void years didn't accelerate. Maybe Captain can explain it better. I'm a little confused too as why OTC keeps showing the "Cap Roll" for the void years but I think it has to do with if the two sides come to a further agreement. For example. If the Packers decide to offer Kevin king another contract for say 4 years those 750k/year cap hits in 22,23,24,25 will be reinstated and the 3 million will not count all in 2022 like it does now. It will be just as if those were real contract years and as each one passes less of the SB is left to be accelerated. I think if you look at the actual numbers it makes more sense. Right now King is set to have a 3 million dollar dead cap hit for 2022. but if you look at the 4 void years its 750K per year. 750k times 4 years is 3 million. Instead of 750k for the next 4 years its 3 million in one year. I guess the simplest way to explain it (why didn't I do this before? I just thought of it this way) is that the void years are just like any other year with regards to the signing bonus. give a 10 million dollar signing bonus for a 5 year contract you count 2 million per year. If you cut the guy after 3 years the 2 million for each of the remaining 2 years (4 million) all comes due at once. I could have saved us all a lot if time if I had said that right up front but since I took the time to write all that I'm going to make you all read it. Hope this explains it. [/QUOTE]
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