NJFINSFAN1
FinHeaven Elite
Boy, I wish I had the Pat's problems, 3 superbowls!!!!
shalafi3455 said:I thought the signing bonus didn't effect the cap though? That's why I find it funny that they agreed to years and money but not on the bonus! I could be wrong (and probably am) but I thought that's how it worked!
Gator Mike said:The Pats are doing this for cap reasons. I'll explain.
Whatever signing bonus Tom Brady gets is spread out against the cap over the course of several seasons. The Pats and Brady have agreed on a six-year deal. Let's say they've agreed to a $20 million bonus.
If they pay it out all up front like Brady wants, then the cap hit is $20 million divided by six years, or $3.33 million/year.
What the Pats want to do is pay it out in four equal installments of $5 million each over the course of the first four years, with the final two installments not guaranteed.
2005
$10 million guaranteed total bonus over six years
Total cap hit = $1.66 million
2006
$10 million guaranteed total bonus over six years
Total cap hit = $1.66 million
2007
$10 million guaranteed total bonus over six years = $1.66 million
$5 million bonus over four years = $1.25 million
Total cap hit = $2.91 million
2008
$10 million guaranteed over six years = $1.66 million
$5 million bonus over four years = $1.25 million
$5 million bonus over three years = $1.66 million
Total cap hit = $4.57 million
2009
$10 million guaranteed over six years = $1.66 million
$5 million bonus over four years = $1.25 million
$5 million bonus over three years = $1.66 million
Total cap hit = $4.57 million
2010
$10 million guaranteed over six years = $1.66 million
$5 million bonus over four years = $1.25 million
$5 million bonus over three years = $1.66 million
Total cap hit = $4.57 million
Basically, the Pats are trying to structure Brady's deal as to create some immediate cap relief for the next three years at the expense of backloading his signing bonus for an extra cap hit in 2008-2010.
They're smart, they're not cheap.
It's a bit of a gamble, I'll admit that. They're betting that over the course of the next six years, Tom Brady will remain relatively healthy and effective. If he's not, this blows up in their faces in a big, big way - but that can be said of most of the big money contracts that are signed around the league. If he does remain healthy and effective, it's a VERY smart deal, IMO.eltos_lightfoot said:How is that smart again? If they backload the contract, they will have a greater cap hit if they get rid of him...by then he will still only be 33 or 34.
M3590NJ973 said:i think the pats are cheap. the highest paid qbs in the league vick or manning what have they done. brady with 3 superbowls deserves to be the highest paid qb. the pats are just cheap
Saban4prez said:Corey Dillon won't stay happy forever on this team. wait for him to say something stupid for this team. And i can imagine some other players on the team getting a little pissed off if tom brady gets such a huge contract.
Why would Corey Dillon get pissed? Tom Brady doesn't deserve a big contract?JAcK o D1AmonDs said:Corey Dillon would get pissed if Tom Brady gets a big contract, can we say Hold out kids.
Saban4prez said:Corey Dillon won't stay happy forever on this team. wait for him to say something stupid for this team. And i can imagine some other players on the team getting a little pissed off if tom brady gets such a huge contract.
zuper_man said:Why won't Corey Dillon stay happy? He is the focus of their offense and he just won a Super Bowl. The only reason he wasn't happy in Cincy was because of all the losing. I don't think New England has had trouble with losing very many games lately.
Tom Brady deserves every nickel he gets and the rest of the team should realize that. They are a 'team' in every sense of the word but when the game is on the line, I'm sure every Patriot knows there best chance of winning is with Brady behind center.
SleepWithDaFish said:You said the word "TEAM". To be apart of a "TEAM" that has won like they have you have to be willing to consider a small cut in pay here and there. I do hope they start paying their good players killer salaries and watch the team slowly become onesided (All offense and no defense.....uuumm can you say the Colts??). I think the Pats are pure genius and are the closest thing to your dynasties of old than any other team out there. Make your choice......a small cut in your pay and win SB's or get greedy and walk off the field a loser. You make the call!