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03-15-2013, 10:31 AM | #196 | |
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http://www.spotrac.com/nfl/kansas-ci.../chase-daniel/
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03-15-2013, 10:33 AM | #197 | |
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My understanding was that a signing bonus is spread over the life of the deal - period but that an annual workout bonus accrues when earned. But I'm often full of shit, this may be no different.
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03-15-2013, 10:33 AM | #198 |
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If we trade out and don't take Geno, we better get a first next year and still have a pick in the top 10 this year.
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03-15-2013, 10:33 AM | #199 | |
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The $1.8 makes more sense to me, with my standard "I'm often full of shit" caveat applied.
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03-15-2013, 10:33 AM | #200 |
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So then it's even easier to handle his contract.
Because the cap hit for all three QBs go from $14.25 in 2013 to $17.4 in 2014. Trade or release Alex Smith and you're paying $8.4 million to both Daniel and Geno. |
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03-15-2013, 10:34 AM | #201 |
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That's about where it should be for one franchise QB and two backups. And I would argue that it's BETTER than the high salary cap figures for a single QB. This is much more manageable, in that you can get out from any of these contracts when one guy ascends.
To me, this is just hedging our bets. |
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03-15-2013, 10:35 AM | #202 | |
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03-15-2013, 10:36 AM | #203 |
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So:
Alex Smith 8.5m Chase Daniel 1.8m Geno Smith 4m (Andrew Luck was 4.02 last year) Team Total = 14.3m Individual Quarterback 2013 cap hits: Eli Manning 20.85m Peyton Manning 20m Drew Brees 17.4m Phillip Rivers 17.11m Tony Romo 16.818m Carson Palmer 15.335m Tom Brady 13.8m Ben Roethlisberger 13.6m
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03-15-2013, 10:36 AM | #204 |
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You can amortize the signing bonus over the life of the contract, but you don't have to. You could call it a "roster bonus" which isn't amortized, IIRC.
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03-15-2013, 10:36 AM | #205 | |
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You're right, there's room in the budget for Geno Smith. The question is exclusively one of asset allocation.
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03-15-2013, 10:36 AM | #206 | |
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With serious questions with both Alex and Geno, having both on board would be brilliant. |
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03-15-2013, 10:37 AM | #207 | |
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03-15-2013, 10:37 AM | #208 | |
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A standard signing bonus, as I understand it, is amortized. However, if you want the same impact accelerated onto this year's cap, you'd call it a roster bonus or a workout bonus. I've seen nothing to suggest that this is how the Chiefs structured it. Frankly, it'd be a little crazy to do so given the flat cap.
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03-15-2013, 10:38 AM | #209 |
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Not necessarily. Flacco is only a 6.8m cap hit for 2013. In 2014 it escalates to 14.8m. But in 2016 & beyond it's an insane 28m+. Can you say re-structure?
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03-15-2013, 10:39 AM | #210 |
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And that's where it comes back to the ultimate bottom line. They have to decide which they value more.....Geno Smith or the trade offer they receive.
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