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The Aaron Rodgers performance thread
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<blockquote data-quote="HardRightEdge" data-source="post: 816355"><p>Not really. If one were to avoid a signing bonus, the player is made whole if you take just the amount of the signing bonus and make it guaranteed money in the first year of the contact. He gets the same cash money at about the same time either way. There's no reason to guarantee the <strong><em>entire</em></strong> contract in skipping a signing bonus. There is an important caveat, though, from the player's perspective which I'll get to in a minute.</p><p></p><p>The fact of the matter is team managements like signing bonuses. They can defer the cap cost. Extra cap space now is worth a lot more now than it is years down the line in a "what have you done for me lately" league. The guy who doesn't defer cap might get a thank you note from the guy who replaces him, which is worth about $3 give or take.</p><p></p><p>Here's the caveat: the player likes the signing bonus because it creates what I call a "silent guarantee".</p><p></p><p>Nick Perry illustrates the point. There are tons of other examples, but he'll do.</p><p></p><p>Let's say instead of giving Perry the $18.5 mil in signing bonus it was instead an $18.5 mil guaranteed salary add in the first year of the contract. The rest of the contract remains the same. He gets the same cash money at about the same time with the same amount of guarantees applied at the same time.</p><p></p><p>Flash forward to now. Instead of having the Packers having a cap savings of $3.3 mil if Perry is cut, his cap savings would be $14.4 mil. had the signing bonus just been first year salary. That $3.3 mil in savings makes him hard to cut since that amount won't buy much of a replacement. If kept, his $11 mil in salary and roster bonus cash money for 2019 is secured. If the cap savings were $14.4 mil, he'd be gone in a flash, and nobody would be paying him that $11 mil for 2019.</p><p></p><p>So what you have is a kind of devil's bargain. The team got to defer cap and in exchange Perry got that "silent guarantee" with that signing bonus dead cap, or at least a partial guarantee since it makes the decision a whole lot harder.</p><p></p><p>Or on a smaller scale look at King's rookie contract. There have been a couple of comments in these pages characterizing him as cr*p, suggesting he should be cut. Even if he is crap, which is a possiblity but remains to be seen, that's kinda funny when you consider cutting him would create an additional $450,000 cap cost in 2019 over keeping him. He's worth more on IR for the season than off the team. At the very least there is absolutely no advantage, none, to cutting him before roster reduction to 53 before the season opener. As even as the 6th. CB the money says he stays.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 816355"] Not really. If one were to avoid a signing bonus, the player is made whole if you take just the amount of the signing bonus and make it guaranteed money in the first year of the contact. He gets the same cash money at about the same time either way. There's no reason to guarantee the [B][I]entire[/I][/B] contract in skipping a signing bonus. There is an important caveat, though, from the player's perspective which I'll get to in a minute. The fact of the matter is team managements like signing bonuses. They can defer the cap cost. Extra cap space now is worth a lot more now than it is years down the line in a "what have you done for me lately" league. The guy who doesn't defer cap might get a thank you note from the guy who replaces him, which is worth about $3 give or take. Here's the caveat: the player likes the signing bonus because it creates what I call a "silent guarantee". Nick Perry illustrates the point. There are tons of other examples, but he'll do. Let's say instead of giving Perry the $18.5 mil in signing bonus it was instead an $18.5 mil guaranteed salary add in the first year of the contract. The rest of the contract remains the same. He gets the same cash money at about the same time with the same amount of guarantees applied at the same time. Flash forward to now. Instead of having the Packers having a cap savings of $3.3 mil if Perry is cut, his cap savings would be $14.4 mil. had the signing bonus just been first year salary. That $3.3 mil in savings makes him hard to cut since that amount won't buy much of a replacement. If kept, his $11 mil in salary and roster bonus cash money for 2019 is secured. If the cap savings were $14.4 mil, he'd be gone in a flash, and nobody would be paying him that $11 mil for 2019. So what you have is a kind of devil's bargain. The team got to defer cap and in exchange Perry got that "silent guarantee" with that signing bonus dead cap, or at least a partial guarantee since it makes the decision a whole lot harder. Or on a smaller scale look at King's rookie contract. There have been a couple of comments in these pages characterizing him as cr*p, suggesting he should be cut. Even if he is crap, which is a possiblity but remains to be seen, that's kinda funny when you consider cutting him would create an additional $450,000 cap cost in 2019 over keeping him. He's worth more on IR for the season than off the team. At the very least there is absolutely no advantage, none, to cutting him before roster reduction to 53 before the season opener. As even as the 6th. CB the money says he stays. [/QUOTE]
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