Quote:
Originally Posted by Coogs
And that helps us how? Because isn't the signing bonus the part that is the sticking point going forward?
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Well yeah, most of the time it is.
Let's take Berry as an example.
Current Contract:
2019: 12.4 base, 4.0 prorate 2.95 guar base, 0.1 workout 16.50 tot
2020: 9.4 base, 4.0 prorate, 0.1 workout 13.5 tot
2021: 11.9 base, 4.0 prorate, 0.1 workout 16.0 tot
2022: 13.9 base, 0.0 prorate, 0.1 workout 14.0 tot.
Let's say you want to convert the maximum amount of 2019 salary to signing bonus as possible, that means you can convert up to $11.47 million in 2019 salary to bonus because he still has to meet veteran minimum salary of $930k for his tenure.
11.47/4 years is 2,867,500 per year.
New Contract:
2019: 0.93 base, 6.8675 prorate, 930k guar base, 0.1 workout 7.8975 tot
2020: 9.4 base, 6.8675 prorate, 0.1 work 16.3675 tot
2021: 11.9 base, 6.8675 prorate, 0.1 work 18.8675 tot
2022: 13.9 base, 2.8675 prorate, 0.1 work 16.8675 tot
Now you can't cut Berry in 2019 at all. If you cut him outright in 2020 you'd lose 235k against the cap and sit on 16.6025 in dead space. You could June 1 him in 2020 and save about 8.06 on the cap with 8.3 in dead in 2020 and 2021. Ideal years to cut are 2021 or 2022. You'd save 9.1 in 2021 with 9.7 in dead and obviously more if you June 1. The final year of his deal you'd get 14.0 savings with 2.8675 in dead.
Restructures are used to save money in the current year and push cap costs to later years and that is pretty well it.
If you did a restructure and extension, a good person to use as an example would be Houston in the final year of his deal. Extending him by 2 years with modest salaries in the extension years and converting a huge chunk of his 2020 salary to bonus money would be the ideal way to go. If you want an example, I think Terrell Suggs did this with Baltimore.