Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Open Football Discussion
Green Bay Packers Fan Forum
Void Money...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Poppa San" data-source="post: 906312" data-attributes="member: 2547"><p>Void money is usually guaranteed money the player has already pocketed. It is an accounting gimmick to manipulate the cap, nothing else. When the player leaves, it all becomes dead money immediately.</p><p>A few years back, some reporter analyzed the Packers annual financial statement and pointed out several long gone high priced players were still receiving what amounted to an annuity type payment. Instead of taking $20m in a cash signing bonus, they signed for the $20m but took $10m then $3-4m every year after until they were paid the full $20m + a bit of interest. Some tax implications, especially if the player is establishing residency in a lower tax locale in a few years. That was during the era when the team was not sitting on a large cash reserve.</p></blockquote><p></p>
[QUOTE="Poppa San, post: 906312, member: 2547"] Void money is usually guaranteed money the player has already pocketed. It is an accounting gimmick to manipulate the cap, nothing else. When the player leaves, it all becomes dead money immediately. A few years back, some reporter analyzed the Packers annual financial statement and pointed out several long gone high priced players were still receiving what amounted to an annuity type payment. Instead of taking $20m in a cash signing bonus, they signed for the $20m but took $10m then $3-4m every year after until they were paid the full $20m + a bit of interest. Some tax implications, especially if the player is establishing residency in a lower tax locale in a few years. That was during the era when the team was not sitting on a large cash reserve. [/QUOTE]
Insert quotes…
Verification
Post reply
Members online
rmontro
Latest posts
Josh Jacobs facing charges…
Latest: milani
Today at 2:22 AM
Green Bay Packers Fan Forum
Prior to Training Camp - Predicting the 53 Man Roster
Latest: GreenBaySlacker
Yesterday at 11:32 PM
Green Bay Packers Fan Forum
Why I Love The 2026-2027 Green Bay Packers
Latest: OldSchool101
Yesterday at 8:45 PM
Green Bay Packers Fan Forum
2026 WR room
Latest: OldSchool101
Yesterday at 6:56 PM
Green Bay Packers Fan Forum
The Crew - 2026
Latest: weeds
Yesterday at 6:47 PM
Milwaukee Brewers Forum
Forums
Open Football Discussion
Green Bay Packers Fan Forum
Void Money...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top