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Packers create more 2020 cap space
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<blockquote data-quote="HardRightEdge" data-source="post: 856766"><p>The cap number will be nearly $40 mil in 2022. But those 2021 and 2022 numbers are not really money, they are cap numbers, the distinction being that a substantial amount of those cap numbers will have been paid in signing bonuses.</p><p></p><p>New money in 2021 is limited to $22 mil; $25.5 mil in 2022 and again in 2023. Anyone who would say he's overpaid in 2021 because of the $36.4 mil cap number will be wrong. The question will be whether he's worth the $22 mil in new money. When looking at that $36.4 mil the question will be whether he was overpaid over the term of the contract to date. We won't know that until 2020 wraps up. You simply cannot look at one year's cap number, whether low or high, to assess value.</p><p></p><p>Of course the other way to look at it is the cap savings and dead cap in 2021 are nearly equal. From the standpoint of signing bonuses as sunk cost and water under the bridge, the cost to keep him that year relative to cutting or trading him is about zero, so in that sense he'll be playing 2021 for free from a cap perspective.</p><p></p><p>It was needed if one shares my view that 2020 is the prime window of opportunity.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 856766"] The cap number will be nearly $40 mil in 2022. But those 2021 and 2022 numbers are not really money, they are cap numbers, the distinction being that a substantial amount of those cap numbers will have been paid in signing bonuses. New money in 2021 is limited to $22 mil; $25.5 mil in 2022 and again in 2023. Anyone who would say he's overpaid in 2021 because of the $36.4 mil cap number will be wrong. The question will be whether he's worth the $22 mil in new money. When looking at that $36.4 mil the question will be whether he was overpaid over the term of the contract to date. We won't know that until 2020 wraps up. You simply cannot look at one year's cap number, whether low or high, to assess value. Of course the other way to look at it is the cap savings and dead cap in 2021 are nearly equal. From the standpoint of signing bonuses as sunk cost and water under the bridge, the cost to keep him that year relative to cutting or trading him is about zero, so in that sense he'll be playing 2021 for free from a cap perspective. It was needed if one shares my view that 2020 is the prime window of opportunity. [/QUOTE]
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Packers create more 2020 cap space
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