Rocko, a reaction from you on the players released by the Jets today?
My official position is that Iâm pleased with the decisions. Privately Iâm disappointed to see Scott go, he brought a bit of swagger to our defence, but I accept that they were all necessary culls and allow us to start the process of rebuilding from an under-cap position. Awful management to get ourselves in this position to start off with though.
I sought some official feedback on the official Jets Android app but read instead about Elizabethâs recommended dance venues in NYC and co-flightcrew cheer Gina explaining how she balances being a mum with cheering for the Jets.
Tom Brady has signed a new 3-year, $27m deal. Apparently heâs helped them clear cap space and has been very reasonable in his demands. I donât understand how the salary cap works so I canât verify this.
From bleacherreport:
[FONT=Droid Sans][SIZE=16px]Before we get in the mechanics of the NFL Salary cap, a few things about NFL contracts must be made clear.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]The most important of these is that NFL contracts are not guaranteed. A NFL team can cut a player during his contract and the remainder of that contract does not count against the cap.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]There is one notable exception to this rule. Letâs say a player signs a four-year deal, with a $20 million signing bonus. Under NFL rules that 20 million dollars would be prorated against the cap over the life on the contract.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]Meaning, the $20 million bonus counts for $5 million per year against the cap for the life on the contract. If the player is cut before the end of the deal, say in year three, then the team is penalized the remaining amount of the signing bonus on that yearâs cap.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]In this case, cutting the player would count $10 million against the team cap for that year.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]In essence the [B]NFL salary cap[/B], as negotiated by the players Union in the current collective bargaining agreement, is 62.24 percent of all football related revenue divided by 32 teams. For the 2009 season, that figure is $128 million.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]It is important to note that there is also a minimum salary level for NFL franchises. This number is 75% of the salary cap. This means that each NFL team in 2009 must have at least 96 million dollars in salaries.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]Now the NFL has given three tools to its franchises to help retain their free agent players. The first of these is the Exclusive Franchise tag. Each season each NFL team has one Franchise tag to use to retain one of its free agents to be.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]Once the exclusive franchise tag is applied to a player that player is given a guaranteed one year contract worth the average of the five largest NFL contracts at that playerâs position. If the Exclusive tag is placed the player may not negotiate with other teams.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]If the team applies the non-exclusive franchise tag then the player is free to negotiate with other teams, but is original team is compensated with two first round draft picks if the player signs elsewhere. These exceptions are used quite often to keep big name players on their current teams.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]The other exception the NFL gives its team as part of their salary cap rules is the Transition layer tag.[/SIZE][/FONT]
[FONT=Droid Sans][SIZE=16px]If a team applies this tag to a free agent to be they are assured the right to match any offer made to the player by the other NFL teams. Once the original team matches this offer, the player must sign with it.[/SIZE][/FONT]
More money to spend on recording equipment.
It was a 3 year extension and guarantees Brady $60 million over 5 years. That works out at ÂŁ12 million per annum and is peanuts for a player of his stature, I doubt he will be in the top 10 paid QBs this year.
It is refreshing to see a QB take this approach to help his team win a Super Bowl, I suppose it helps when you are already a multi-millionaire and married to fabulously rich super model. But letâs not be churlish, it makes the likes of Flacco and Brees look like the greedy cunts that they are. The Saints have suffered enormously because of Brees eating up their cap space and the Ravens are about to suffer the same as Flacco holds them to ransom.
Itâs obvious Brady wants to retire a Patriot and win at least one more Super Bowl and this deal allows the franchise a great shot at fulfilling that.
The Jets on the other hand are a total basket case.
I doubt he is getting any less, the extra he was meant to be said will probably be given to him through a signing bonusâŚ
Watched âBill Belichick a football lifeâ there lately, he is meticulous. Brady can be an awful whine bag, blaming receivers etc⌠but prob comes with the pressures of the job, but you donât see peyton having a go at his receiversâŚhis centre yes but not the wideoutsâŚ
Why all the hoopla re Bradys restructuring Eli did the same thing last March freeing up 7 million in cap space for the giantsâŚ
[quote=âSandymount Red, post: 741466, member: 1074â]It was a 3 year extension and guarantees Brady $60 million over 5 years. That works out at ÂŁ12 million per annum and is peanuts for a player of his stature, I doubt he will be in the top 10 paid QBs this year.
It is refreshing to see a QB take this approach to help his team win a Super Bowl, I suppose it helps when you are already a multi-millionaire and married to fabulously rich super model. But letâs not be churlish, it makes the likes of Flacco and Brees look like the greedy cunts that they are. The Saints have suffered enormously because of Brees eating up their cap space and the Ravens are about to suffer the same as Flacco holds them to ransom.
Itâs obvious Brady wants to retire a Patriot and win at least one more Super Bowl and this deal allows the franchise a great shot at fulfilling that.
The Jets on the other hand are a total basket case.[/quote]
Iâve been thoroughly impressed with how the Jets have handled the off-season so far. Only yesterday on the Jets app I was reading an article from Nikki who recommends a brush-in rather than spray-on dry shampoo. With a first rate cheer squad already assembled itâs only a matter of time before the playing roster is similarly improved.
I think this could be the third time Brady has restructured his contract to save hits on cap space.
Thing is, it will leave a high cap figure in 2 years time, but weâll worry about that then, its been an issue all through his career that has been sorted.
[quote=âGman, post: 741507, member: 112â]I think this could be the third time Brady has restructured his contract to save hits on cap space.
Thing is, it will leave a high cap figure in 2 years time, but weâll worry about that then, its been an issue all through his career that has been sorted.[/quote]
The Mick Wallace School of Economic thought.
heâll be turning 40 in 2017, and who knows what will happen with cap figures in a couple of years. Reducing the hit from this year and spreading the load over 4 years works out far better, even taking those hits late on.
it is, kicking a can down the road to an extent.
cap will probably only increase its a percentage figure of the gross profit of the league I do believe (you no doubt are ebtter informed)
[quote=âcount of monte cristo, post: 741510, member: 348â]it is, kicking a can down the road to an extent.
cap will probably only increase its a percentage figure of the gross profit of the league I do believe (you no doubt are ebtter informed)[/quote]
I think its not scheduled to increase during that time, think it was settled on at the last CBA meetings.
I vaguley recall something like thatâŚ
The Jets have done what they had to do, getting John Idzik in as GM was a master stroke. He was a superb numbers man in Seattle and we never had any problems with the cap while he was there. Itâs obvious the whole organisation needs root and branch reform and he is just the man to do it.
In the short term it means Rex Ryan is a lame duck as the horrific cap situation means paying Mark Sanchez an obscene amount of money just to hold a clipboard. And there is no way they will be able to lock up Revis to another contract so Iâd imagine he will be traded before the season starts. It will be a tough season in transition and Iâd be surprised if the Jets werenât picking in the top 5 in next years draft, if they can get a first rounder for Revis in that draft then they can start the rebuilding in earnest.
ah, that makes more sense
[SIZE=6][FONT=Georgia][SIZE=26px]Actually, Tom Brady Is Getting A Raise[/SIZE][/FONT][/SIZE]
[FONT=Georgia][SIZE=15px][FONT=proxima-nova-condensed-1][FONT=inherit]http://img.gawkerassets.com/img/17smjh55wt234jpg/avt-small.jpg[/FONT] [FONT=inherit]Barry Petchesky[/FONT]
[/FONT]
[FONT=inherit]When the Patriots leaked news of Tom Bradyâs [FONT=inherit]âthree-year, $27 millionâ[/FONT][/URL] contract extension, it appeared on the face the rare instance of an athlete taking less money to make his team more competitive. [URL=âhttp://deadspin.com/5986822/â][FONT=inherit]We warned you that appearances can be deceiving[/FONT], but without the actual contract details we were limited to speculation.[/FONT]
[FONT=inherit]Well, here are [FONT=inherit]the terms of the deal, from ESPN Boston:[/FONT][/FONT]
[INDENT][FONT=inherit][FONT=inherit]The deal includes a $30 million signing bonus for the quarterback, which will be paid out over a period that extends to Feb. 15, 2015, according to a league source. Brady will earn $10 million of that signing bonus during the 2013 season, $5 million in a payment on Feb. 15, 2014, $10 million during the 2014 season, and $5 million on Feb. 15, 2015.[/FONT]
[FONT=inherit]Bradyâs salary for 2013 and 2014 are now $1 million and $2 million respectively, and are fully guaranteed. His old deal was scheduled to pay him $9.75 million in base salary for each of those seasons.[/FONT][/FONT][/INDENT]
[FONT=inherit]When we talk about an âextensionâ through 2017, weâre really talking about the Patriots re-working the next two seasons of Bradyâs contract. This is actually a short-term raise for Bradyâhe had been set to make $19.5 million combined in 2013 and 2014. Now he will make $33 million. For a QB who will be 36 when the season starts, never underestimate the importance of getting guaranteed money, and getting it now. (And donât forgetâthe final three years of his deal are fully guaranteed against injury.)[/FONT]
[FONT=inherit]Itâs a little creative accounting for the Patriots. Bradyâs huge bonuses can now be spread out over all five years of the deal. His cap hit, [FONT=inherit]due to be nearly $21 million in 2013[/FONT], will now be $13.8 million. The Patriots will have $15 million more to play with over the next two seasons, even as Brady pockets more money than he would have.[/FONT]
[FONT=inherit]The thinking is more than a little reminiscent of the overlong contracts handed out in the NHL, with [FONT=inherit]star players earning near-minimum well into their 40s[/FONT]. (The league later closed this loophole.) Itâs all about averaging the salary cap hit across the life of the contract, extending that divisor by tacking on years the player has no intention of playing.[/FONT]
[FONT=inherit]But Brady doesnât have to retire to avoid playing at a discount in the final three years of his deal. NFL contracts, beyond bonuses, arenât worth the paper theyâre printed on. Brady and the Patriots can sit down again in two years and tear up what theyâve done, and if the past is any indication, thatâs exactly what will happen.[/FONT]
[LIST]
[][FONT=inherit]Heading into 2005, Brady was scheduled to make $11.5 million over the next two seasons. The Patriots tossed it out and signed him to [FONT=inherit]a six-year extension that would pay him $31.5 million over the same time frame[/FONT], with most of that coming in the form of signing bonusesâagain to lower his cap hit.
[FONT=inherit](Peter King wrote [FONT=inherit]the [I]exact same[/I] column in 2005[/FONT], trumpeting Brady for being selfless and taking less money.)[/FONT][/FONT]
[][FONT=inherit]In 2007, [FONT=inherit]Brady re-worked his contract[/FONT], again shifting some of his base salary to bonuses. The point, this time, was to clear cap room to sign Randy Moss.[/FONT]
[][FONT=inherit]In 2010 Brady signed an extension, again before his current deal had run its course. It included $48.5 million in guaranteed money and [FONT=inherit]made Brady the NFLâs highest-paid player.[/FONT][/FONT]
[][FONT=inherit]In 2012 Brady re-structured that deal, [FONT=inherit]converting some salary to bonus money.[/FONT] The upshot was to save the Patriots cap room in 2012, at the expense of pushing it to 2013 and 2014.[/FONT]
[/LIST]
[FONT=inherit]Brady has re-worked his deal yet again, and the Patriots continue to pass the salary cap buck into the future. Now that bomb wonât go off until 2015 at the earliest, assuming they donât re-do the deal again. (They will.) As teams like the Jets and Eagles are learning, salary cap accounting isnât magicâitâs just borrowing against the future. The Patriots will end up paying the piper, but not until their Tom Brady window closes.[/FONT][/SIZE][/FONT]
![http://img.gawkerassets.com/img/17smjh55wt234jpg/avt-small.jpg[/FONT]](http://img.gawkerassets.com/img/17smjh55wt234jpg/avt-small.jpg%5B/FONT%5D){kind=link}
Kansas City Chiefs have signed Alex Smith from the 49ers for a 2nd round pick and âmore in 2014â.
[SIZE=13px][FONT=verdana]âI donât want to talk about this on the radio or anywhere else for that matter,â Brady wrote in an e-mail to [/FONT][/SIZE][SIZE=13px][FONT=verdana]John Dennis[/FONT][/SIZE][SIZE=13px][FONT=verdana]. âAthletes are always talking about money at a time when everyone else is struggling so badly to make it. [/FONT][/SIZE]
[SIZE=13px][FONT=verdana]We all make way more than our fair share. And I just think it reflects poorly on myself and my teammates. I really do just want to win, and that has and will continue to be the reason that motivates me and is the biggest factor in my decision-making process.â[/FONT][/SIZE]
Thing is, Brady would have been in a better bargaining position had he not restructured and played to a high level next year, all his restructuring has helped the team as a whole, so can only be a good thing. Would agree though that there is an awful lot being made of it, at the end of the day he is worth millions and the missus is worth billions. Its still a help what he did, but he could afford to do so. Fucks Flacco up though if he gets tagged, Brady restructuring has reduced the QB franchise tag by nearly a million.
Smoke & Mirrors.
The Salary Cap is just a theory but the accountants find ways around it.
[quote=âScrunchie, post: 742095, member: 1408â]Smoke & Mirrors.
The Salary Cap is just a theory but the accountants find ways around it.[/quote]
luckily none of the accountants around here have anything to do with it anyway!