Rickys Salary Cap Hit?

[FinNasty]

ATTENTION: This is NOT another thread about how you feel about Ricky or about how you think he will do if he comes back!!!! :yell::fire::yell::fire:

Now...

Theoretically, if Ricky comes back, how much would he cost and take up on our cap? Do we even have the room assuming we add Traylor? Would we ask him to restructure if it is alot?

Nasty

PS - Sorry for starting another thread that is even related to Ricky.

 

[GRYPHONK]

I assume it will be along the same lines as Boston, but for 3 years with certain incentives

Ricky will take it because part of the negotiating or contract will simply state that if he fulfills the new contract he will no longer owe 8.6 million.

However, he still is technically under contract till 2007. So when he unretires his current contract might come back with him. However, expect some restructuring lol.

I believe it would have him earning somewhere around a 2 million cap hit I believe. I could be way off.:tongue:

 

[painnotpleasure]

He owes us 8 million dollars.
I've heard that we would have to pay his old contract if he does come back.
According to... :hmmm: forget which writer wrote it, but he said it would cause up cap problems if Ricky did come back.
He owes us 8 million dollars.
Negotiation and the salary cap is pretty confusing unless you're Clumpy.
He owes us 8 million dollars.
I wish I could have been of more help but I just heard that some Dolphins writer said it could cause us cap problems if Ricky did return... that and...
He owes us 8 million dollars. 8.6 to be exact I believe.
Call me crazy... but if he owes us 8 million dollars, is it wrong that I'm a little confused why it could cause us cap problems?
Does anyone know if him coming back means he doesn't us the money anymore?
He owes us 8 million dollars.

 

[grooves12]

Yes, he does owe us money... however, I beleive he only owes it to us because he did not fulfill his contract. BUT... his contract is till in effect, which is why we still retain his rights. So, if he returns, it is possible that he will no longer owe us that entire amount, since he techinically would then be fulfilling his contract.

But, I really don't know... My guess is there would have to be some kind of agreement set into place. Most likely, an extension with little to no bonus to offset the cap hit, and him playing at below market rate to "pay us back."


But I don't think there is anyone outside of the Dolphins and NFL, that knows how this really works, because it has never came up in the past.

He owes us 8 million dollars.
I've heard that we would have to pay his old contract if he does come back.
According to... :hmmm: forget which writer wrote it, but he said it would cause up cap problems if Ricky did come back.
He owes us 8 million dollars.
Negotiation and the salary cap is pretty confusing unless you're Clumpy.
He owes us 8 million dollars.
I wish I could have been of more help but I just heard that some Dolphins writer said it could cause us cap problems if Ricky did return... that and...
He owes us 8 million dollars. 8.6 to be exact I believe.
Call me crazy... but if he owes us 8 million dollars, is it wrong that I'm a little confused why it could cause us cap problems?
Does anyone know if him coming back means he doesn't us the money anymore?
He owes us 8 million dollars.

 

[yankeehillbilly]

He owes us 8 million dollars.
I've heard that we would have to pay his old contract if he does come back..

Yep....and that is around $3mill. After signing our Rookies we dont have that much money now, and certainly wouldnt have it if Traylor is signed. However, cuts and restructures could free enough money to pay Ricky's salary.

Call me crazy... but if he owes us 8 million dollars, is it wrong that I'm a little confused why it could cause us cap problems?

The judgement has no bearing on the cap, whether Ricky pays it or not.

Does anyone know if him coming back means he doesn't us the money anymore?

Ricky returning will NOT negate the judgement unless the Dolphins agree to forgive the debt....which COULD open another can of worms regarding salary.

 

[Omaha_Dolfan]

The way I am guessing it works is that when Ricky Retired it null and voided his current contract. But if he unretires, we still have his rights to negotiate a new contract with him since we had him under contract till 2007.

 

[HysterikiLL]

I think he'll still run out his current contract -- only I think considering all given circumstances, he should be reworked for a cheaper contract.

 

[BuffBillsMan90]

I far as I know, his previous contract would still be valid.

$3.735 million (2005)
$3.74 million (2006)
$3.5 million (2007)

Plus incentives.

I'm sure, Miami would re-work his deal in some manner though

 

[LtDan]

I far as I know, his previous contract would still be valid.

$3.735 million (2005)
$3.74 million (2006)
$3.5 million (2007)

Plus incentives.

I'm sure, Miami would re-work his deal in some manner though

Deduct the 8 million that he owes us and make his numbers look like this

$1.1 Million (2005)
$1.14 million(2006)
$900,000(2007)
:D Screw him like he did us!!

 

[BSQX4]

Thank you Sir Clump!!

 

[Merman]

Ricky returning will NOT negate the judgement unless the Dolphins agree to forgive the debt....which COULD open another can of worms regarding salary.

Judgments to force payment of money due are awarded all the time. You can go to small claims court to get a judgment in your favor and one of the things they tell you is you have the right to force payment but it does not mean you are going to get paid.

If you do nothing to enforce the judgment nothing happens. It is only an aid to help force payment or what you want to happen.

If Williams does not complete his contract the judgment amount could be updated for more earned incentive bonus and less signing bonus. That is if they don't renegotiate the Ricky Williams clause out of the contract.

 

[Lederhosen]

After he officially retired: would the Dolphins have to take him, regradless of what physivcal condition he is in? Because then they would have to pay him his old contract, isn't it?

 

[aerokev]

his salary would be roughly 3 mil against the cap this year. the bonus money that ricky received under his contract includes money that new orleans paid him and it comes to 8.6 mil. that is what he owes miami, the incentive money he already earned and that does not effect the salary cap. he is still under contract for 3 years and they can renegotiate, but miami doesn't have to and his original contract would still be in place

 

[Merman]

Theoretically, if Ricky comes back, how much would he cost and take up on our cap? Do we even have the room assuming we add Traylor? Would we ask him to restructure if it is alot?

Ricky was slated to earn $3.735 million in 2004 and that will be his salary when he returns. A simple restructure reducing it to the minimum of $540k for his credited seasons and guaranteeing the rest turning it into a signing bonus would yeild a $1.605 million cap charge for 2005.

Any additional unearned signing bonus could be added to his judgment if he doesn't complete the three years remaining on his contract.

 

[nick1]

I far as I know, his previous contract would still be valid.

$3.735 million (2005)
$3.74 million (2006)
$3.5 million (2007)

Plus incentives.

I'm sure, Miami would re-work his deal in some manner though

in that case I definitely don't want Ricky back, that too much money and we can't afford that