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Trade Greg Jennings?
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<blockquote data-quote="HardRightEdge" data-source="post: 467648"><p>Got it.</p><p> </p><p>As an FYI, the floor is measured in cash paid, not cap space. For example, if the cap is, say, $125 mil in 2013, the cash minimum would be about $111 mil (89% of the cap). This should make for interesting scenarios with respect to signing bonuses (past and future) which are paid out in cash in the first year of the contract but prorated over the term of the contract for cap purposes.</p><p> </p><p>I think net-net, the long term result will be lower signing bonuses (and more guaranteed first year salary to make up the difference from the players perspective) to keep cash and cap in relatively close alignment. I say that because this cash minimum makes dead cap money a bigger issue. If you cut a guy, any remaining unprorated cap money hits the cap in that year, which was never a good thing but looks worse under this new agreement.</p><p> </p><p>To take an extreme example, Drew Brees just signed a 5 year deal with a $37 mil signing bonus. If he broke his neck or wrecked his arm this year and NO wanted to release him before next season to avoid paying his $10 mil 2013 salary, that would be about a $30 mil hit (4/5 of the signing bonus) against the cap in 2013. That would have been a very big problem is past years, but now there's also the minimum cash payout to contend with. It is conceivable they would have to take some extreme measures (beyond cutting Brees) to make the $111 mil cash minimum while staying under the $125 mil cap, what with the $30 mil cap hit with no associated 2013 cash component to go with it.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 467648"] Got it. As an FYI, the floor is measured in cash paid, not cap space. For example, if the cap is, say, $125 mil in 2013, the cash minimum would be about $111 mil (89% of the cap). This should make for interesting scenarios with respect to signing bonuses (past and future) which are paid out in cash in the first year of the contract but prorated over the term of the contract for cap purposes. I think net-net, the long term result will be lower signing bonuses (and more guaranteed first year salary to make up the difference from the players perspective) to keep cash and cap in relatively close alignment. I say that because this cash minimum makes dead cap money a bigger issue. If you cut a guy, any remaining unprorated cap money hits the cap in that year, which was never a good thing but looks worse under this new agreement. To take an extreme example, Drew Brees just signed a 5 year deal with a $37 mil signing bonus. If he broke his neck or wrecked his arm this year and NO wanted to release him before next season to avoid paying his $10 mil 2013 salary, that would be about a $30 mil hit (4/5 of the signing bonus) against the cap in 2013. That would have been a very big problem is past years, but now there's also the minimum cash payout to contend with. It is conceivable they would have to take some extreme measures (beyond cutting Brees) to make the $111 mil cash minimum while staying under the $125 mil cap, what with the $30 mil cap hit with no associated 2013 cash component to go with it. [/QUOTE]
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