where's th'fish
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I'll keep this updated as the info arrives at Spotrac or Overthecap. This is the minimal essential view as to what it means to us as far as the cap.
Andre Branch: 5m this year, 10m in 2018, and in 2019 2m if cut, 9m if not.
Kenny Stills: 3.75m this year, 9.72m in 2018 and in 2019 3.5m if cut, 9.72 if not.
The interesting take about both the extensions is they are two-year deals with a combination of guaranteed base salary and bonus. That means they are ironclad for two years, then they have decent outs. I like the structure and I like keeping Stills. It's novel approach for Tannenbaum, I can tell you that right now. He didn't use to mind sending cap hits way into the future and to hell with consequences. The negatives: a) I'm not high on Branch. I'd rather have Vernon for twice the money, honestly. b) If you notice, the first year cap hits are much lower than 2018's. You know how we usually justify paying more later because the cap is growing 10m a year? The combined increase in cap hit of Branch + Stills from this year to the next is just over 10m. So that's it, we've already spent the cap increase for next year. Any more such contracts will be sacrificing next year for the benefit of this year. Back to the positives, at least it's just one year and not a whole bunch, like the Suh deal.
William Hayes: 4.75m this year (these are the updated numbers)
G Ted Larsen: 1.4m this year, 1.9m in 2018, 2.2m in 2019
This one follows a similar structure to the two before (Hayes' was inherited), you can't cut Larsen this year (it would cost more than to keep him), but can easily next year.
New:
LB Lawrence Timmons: 3.775m this year, 8.225m in 2018
TE Anthony Fasano: 2.75m this year
DE Cameron Wake: 7.5m this year, in 2018 3.5m if cut, 8.625m if not [Spotrac`s numbers, otc has something else]
Timmons' fits the new MO of FO (I'm going to have to use that phrase moe). The contract is guaranteed for two years and it has a steep rise in cap hit from this year to the next (4.5m). If you'll recall, Stills + Branch salary increase from 2017 to 2018 already used up the entire 10m the cap will increase. This 4.5m is for all intents and purposes a loan from 2018. All contracts increase every year, of course, but usually not this steeply. One way that's been mentioned in these forums to repay the loan is by rolling money over. Lest we forget, we took a four year loan from the Suh contract last year worth 4m each year from 2017 to 2020. In order to roll over money to repay the entire loan, we would've had to roll over 16m from last year to this year (we rolled over 8m), then 12m to next year, then 8m, then 4m and that would take care of it. Even if we only want to repay the loan to 2018 and not worry about 2019 and 2020 until next year, we'd have roll over 8.5m only for Suh + Timmons.
About Fasano, a big fu to PFT for reporting he had signed a five-year contract. Oh, I'm sure they'll issue a correction (if they haven't already) to their own fake report that will make them sound all smart and as if they are correcting somebody else for publishing a bad report. They do that all the time. In any case, the Fasano's contract is a normal one-year deal and you can even cut him and save about half the money if he does poorly in camp.
I'm including the Wake contract because it should've been there from the beginning. If we have to cut Wake next year, it'll cost us 3.5m. I just want to note that there are 13 teams that have less than 3.5m in dead money this year for the entire team. Hopefully Wake will have another good year, though. We're certainly betting on it.
S Nate Allen: 3.5m fully guaranteed, one-year contract
Kiko Alonso: 2.85m this year, 9.65 in 2018 and in 2019 8.26m to keep and 3.5m to cut
The same MO as in the other long deals, the first two years are basically guaranteed with a steep increase in cap hit from year one to year two (6.8m, the steepest yet). I was thinking of giving conclusions at the end, but who knows when that be so I'll say this: there are two explanations for our new strategy. 1) We'll try the same strategy next year, borrowing from the year after that (I don't think it's sustainable, but it might not be so bad if we accept some years will be down years in FA), 2) We'll restructure all these deals next year and nothing has really changed in Tannebaum's cap MO, except he's now paying our players instead of others. And we at least know our guys won't be total busts -hello Mario, Ellerbe, etc.
Bottom line is we need these players to more or less live up to their deals or next year will be very difficult.
G/T Bushrod: 3m with 2.25m guaranteed. It's a one-year deal.
TE Julius Thomas: 5.6m and in 2018 2m to cut* and 6.6m to keep
(*there seems to be a consistency mistake in the Spotrac page, this seems to be the correct value)
Latest:
S Rashad Jones: 3.7m this year, 11.5m in 2018 and in 2019 5.5m to cut, 15m to keep
LB Koa Misi: 3.5m to keep, 2.3m to cut. One-year deal.
As expected, the Rashad contract follows the same structure as the others, only richer and more expensive to cut in two years.
Cap space with draft pool: 12.9m
Andre Branch: 5m this year, 10m in 2018, and in 2019 2m if cut, 9m if not.
Kenny Stills: 3.75m this year, 9.72m in 2018 and in 2019 3.5m if cut, 9.72 if not.
The interesting take about both the extensions is they are two-year deals with a combination of guaranteed base salary and bonus. That means they are ironclad for two years, then they have decent outs. I like the structure and I like keeping Stills. It's novel approach for Tannenbaum, I can tell you that right now. He didn't use to mind sending cap hits way into the future and to hell with consequences. The negatives: a) I'm not high on Branch. I'd rather have Vernon for twice the money, honestly. b) If you notice, the first year cap hits are much lower than 2018's. You know how we usually justify paying more later because the cap is growing 10m a year? The combined increase in cap hit of Branch + Stills from this year to the next is just over 10m. So that's it, we've already spent the cap increase for next year. Any more such contracts will be sacrificing next year for the benefit of this year. Back to the positives, at least it's just one year and not a whole bunch, like the Suh deal.
William Hayes: 4.75m this year (these are the updated numbers)
G Ted Larsen: 1.4m this year, 1.9m in 2018, 2.2m in 2019
This one follows a similar structure to the two before (Hayes' was inherited), you can't cut Larsen this year (it would cost more than to keep him), but can easily next year.
New:
LB Lawrence Timmons: 3.775m this year, 8.225m in 2018
TE Anthony Fasano: 2.75m this year
DE Cameron Wake: 7.5m this year, in 2018 3.5m if cut, 8.625m if not [Spotrac`s numbers, otc has something else]
Timmons' fits the new MO of FO (I'm going to have to use that phrase moe). The contract is guaranteed for two years and it has a steep rise in cap hit from this year to the next (4.5m). If you'll recall, Stills + Branch salary increase from 2017 to 2018 already used up the entire 10m the cap will increase. This 4.5m is for all intents and purposes a loan from 2018. All contracts increase every year, of course, but usually not this steeply. One way that's been mentioned in these forums to repay the loan is by rolling money over. Lest we forget, we took a four year loan from the Suh contract last year worth 4m each year from 2017 to 2020. In order to roll over money to repay the entire loan, we would've had to roll over 16m from last year to this year (we rolled over 8m), then 12m to next year, then 8m, then 4m and that would take care of it. Even if we only want to repay the loan to 2018 and not worry about 2019 and 2020 until next year, we'd have roll over 8.5m only for Suh + Timmons.
About Fasano, a big fu to PFT for reporting he had signed a five-year contract. Oh, I'm sure they'll issue a correction (if they haven't already) to their own fake report that will make them sound all smart and as if they are correcting somebody else for publishing a bad report. They do that all the time. In any case, the Fasano's contract is a normal one-year deal and you can even cut him and save about half the money if he does poorly in camp.
I'm including the Wake contract because it should've been there from the beginning. If we have to cut Wake next year, it'll cost us 3.5m. I just want to note that there are 13 teams that have less than 3.5m in dead money this year for the entire team. Hopefully Wake will have another good year, though. We're certainly betting on it.
S Nate Allen: 3.5m fully guaranteed, one-year contract
Kiko Alonso: 2.85m this year, 9.65 in 2018 and in 2019 8.26m to keep and 3.5m to cut
The same MO as in the other long deals, the first two years are basically guaranteed with a steep increase in cap hit from year one to year two (6.8m, the steepest yet). I was thinking of giving conclusions at the end, but who knows when that be so I'll say this: there are two explanations for our new strategy. 1) We'll try the same strategy next year, borrowing from the year after that (I don't think it's sustainable, but it might not be so bad if we accept some years will be down years in FA), 2) We'll restructure all these deals next year and nothing has really changed in Tannebaum's cap MO, except he's now paying our players instead of others. And we at least know our guys won't be total busts -hello Mario, Ellerbe, etc.
Bottom line is we need these players to more or less live up to their deals or next year will be very difficult.
G/T Bushrod: 3m with 2.25m guaranteed. It's a one-year deal.
TE Julius Thomas: 5.6m and in 2018 2m to cut* and 6.6m to keep
(*there seems to be a consistency mistake in the Spotrac page, this seems to be the correct value)
Latest:
S Rashad Jones: 3.7m this year, 11.5m in 2018 and in 2019 5.5m to cut, 15m to keep
LB Koa Misi: 3.5m to keep, 2.3m to cut. One-year deal.
As expected, the Rashad contract follows the same structure as the others, only richer and more expensive to cut in two years.
Cap space with draft pool: 12.9m
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