Does Jordan suspension affect our Cap
- Thread starter sluggo
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Basically we save $585K (Base Salary) and $1.7M from his roster bonus. So total savings of $2.2M. Not 100% sure about this.
Here is his contract details:
http://www.spotrac.com/nfl/miami-dolphins/dion-jordan/
Here is his contract details:
http://www.spotrac.com/nfl/miami-dolphins/dion-jordan/
cuzinvinny
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If there is a silver lining for the Dolphins, it’s this: Jordan’s suspension will free up roughly $3 million in 2015 cap space. if the Dolphins plan to move on from Jordan after his suspension is complete Daaa, the freed up money could be used to re-sign Vernon, who is in line to become a free agent next year.
The Dolphins could try to recoup some of the Jordan’s roughly $12.5 million signing bonus, but any credit they would get from that wouldn’t be applied until 2016.
http://www.miamiherald.com/sports/nfl/miami-dolphins/article19806363.html#storylink=cpy
The Dolphins could try to recoup some of the Jordan’s roughly $12.5 million signing bonus, but any credit they would get from that wouldn’t be applied until 2016.
http://www.miamiherald.com/sports/nfl/miami-dolphins/article19806363.html#storylink=cpy
These are Miami’s options, according to CBS Sports’ Joel Corry:
– Miami can release Jordan after June 1st and file a grievance to try to recover the $3 million in pro-rated signing bonus money he’s owed in 2015. Even if the Dolphins were successful in recouping the money, it would only be applied to the cap in 2016. So under any scenario Miami will free up $2.3 million this year — not the full $5.3 million.
– Even if the Dolphins win a grievance (and they likely would), Jordan might not have the money to give the Dolphins. So Miami could just cut him, move on and take a $3 million cap hit this year and another one in 2016.
– The Dolphins could keep Jordan and make him basically play for free in 2016. Everything he’s owed would go toward paying off the 2015 signing bonus cap hit.
http://dailydolphin.blog.palmbeachp...dion-jordan-suspended-for-entire-2015-season/
– Miami can release Jordan after June 1st and file a grievance to try to recover the $3 million in pro-rated signing bonus money he’s owed in 2015. Even if the Dolphins were successful in recouping the money, it would only be applied to the cap in 2016. So under any scenario Miami will free up $2.3 million this year — not the full $5.3 million.
– Even if the Dolphins win a grievance (and they likely would), Jordan might not have the money to give the Dolphins. So Miami could just cut him, move on and take a $3 million cap hit this year and another one in 2016.
– The Dolphins could keep Jordan and make him basically play for free in 2016. Everything he’s owed would go toward paying off the 2015 signing bonus cap hit.
http://dailydolphin.blog.palmbeachp...dion-jordan-suspended-for-entire-2015-season/
http://overthecap.com/dion-jordan-suspended-for-the-year/
Dion Jordan Suspended for the Year
Posted on April 28, 2015 by Jason Fitzgerald
Miami Dolphins defenisve end Dion Jordan has been suspended for the entire 2015 season due to a violation of the substance abuse policy. This marks Jordan’s second major suspension in the last two years, and will likely result in the end of a very disappointing career, one in which the 3rd overall pick produced just 3 sacks. Miami had been shopping around the NFL and hoped to trade him, but this suspension will end any trade possibilities. Let’s look what this means for his contract going forward.
Jordan’s current cap charge is $5.267 million and he was set to earn $2.275 million in cash salary. The salary was made up of a $585,000 base salary and $1.69 million training camp roster bonus. Originally those salaries were both fully guaranteed, but those guarantees became void when he was suspended in 2014.
Once Jordan’s suspension is officially processed, which should be today, his cap figure will drop to $4.68 million, which represents the loss of the $585,000 in salary for the 2015 year. The roster bonus, however, should remain in the current cap charge. Roster bonuses, unlike base salary, fall under the forfeiture provisions in the CBA and are given up over the remaining life of the contract. His current prorated charge from his signing bonus will also remain.
Due to missing the entire year, Jordan will technically forfeit his entire $2.99M proration for the season. However, that money may prove difficult for the Dolphins to recover since they only owe him that roster bonus and some minor amounts of Performance Based Pay. The most common way to recover forfeited money is to deduct it from salary owed and with nothing owed it can be near impossible to recover. If the Dolphins do recover the money they will receive a $2.99M credit in 2016.
Click on the link for more of the article.
Dion Jordan Suspended for the Year
Posted on April 28, 2015 by Jason Fitzgerald
Miami Dolphins defenisve end Dion Jordan has been suspended for the entire 2015 season due to a violation of the substance abuse policy. This marks Jordan’s second major suspension in the last two years, and will likely result in the end of a very disappointing career, one in which the 3rd overall pick produced just 3 sacks. Miami had been shopping around the NFL and hoped to trade him, but this suspension will end any trade possibilities. Let’s look what this means for his contract going forward.
Jordan’s current cap charge is $5.267 million and he was set to earn $2.275 million in cash salary. The salary was made up of a $585,000 base salary and $1.69 million training camp roster bonus. Originally those salaries were both fully guaranteed, but those guarantees became void when he was suspended in 2014.
Once Jordan’s suspension is officially processed, which should be today, his cap figure will drop to $4.68 million, which represents the loss of the $585,000 in salary for the 2015 year. The roster bonus, however, should remain in the current cap charge. Roster bonuses, unlike base salary, fall under the forfeiture provisions in the CBA and are given up over the remaining life of the contract. His current prorated charge from his signing bonus will also remain.
Due to missing the entire year, Jordan will technically forfeit his entire $2.99M proration for the season. However, that money may prove difficult for the Dolphins to recover since they only owe him that roster bonus and some minor amounts of Performance Based Pay. The most common way to recover forfeited money is to deduct it from salary owed and with nothing owed it can be near impossible to recover. If the Dolphins do recover the money they will receive a $2.99M credit in 2016.
Click on the link for more of the article.
Vol&dolfan
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Jelani Jenkins isn't a bust.
The Dolphins could try to recoup some of the Jordan’s roughly $12.5 million signing bonus, but any credit they would get from that wouldn’t be applied until 2016.
“Yes, the Dolphins have good case to recover portion of Jordan’s signing bonus,” ESPN business analyst Andrew Brandt wrote on Twitter. “As to actually getting back the money, good luck with that.”
Read more here: http://www.miamiherald.com/sports/nfl/miami-dolphins/article19806363.html#storylink=cpy
“Yes, the Dolphins have good case to recover portion of Jordan’s signing bonus,” ESPN business analyst Andrew Brandt wrote on Twitter. “As to actually getting back the money, good luck with that.”
Read more here: http://www.miamiherald.com/sports/nfl/miami-dolphins/article19806363.html#storylink=cpy