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12-29-2014, 04:54 PM | |
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Tom Brady restructures deal; Pats get $24 million
@AdamSchefter-a deal turned into NFL today, Tom Brady restructured his contract to give NE $24 million more in cash to spend... http://fb.me/3NLYN6h1C
Wow |
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12-30-2014, 08:17 AM | #61 | |
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Quote:
He got a 30 million signing bonus when he extended and 3 mill last year and this year. That's 18 million/yr with 30 million of it up front which is pretty nice from an investing standpoint. Removing the guaranteed portion of the contract lets the Patriots cut him over the summer and sign him to a similar deal again. Pats keep pushing back the cap hit until Brady retires, Brady gets a ton of money, and they'll tack on some years that he'll never play for cheap to make him even more of a hero in Boston. Everyone wins! Well, except the guy who takes over when Brady & Belichick ride off into the sunset after year two of one of these deals in the future but they were probably going to have to be bad for a few years anyway. |
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12-30-2014, 08:17 AM | #62 |
#triggering
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Lots of things to look at over here ... http://overthecap.com/
In 2015, the top 51 players for the following teams account for this much cap space respectively: Broncos = $114M Patriots = $141M Chiefs = $141M Those numbers will change with cuts, resigning players, etc.. but right now, Denver's top 51 contracts for 2015 account for $27M fewer cap dollars than NE and KC.
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12-30-2014, 08:24 AM | #63 |
#triggering
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Lots of fun stuff here too... http://www.spotrac.com/rankings/nfl/...-hit/limit-25/
In 2015, the biggest cap hits per team (you can rank in various ways). 1- Romo at 27.7M 2 - Brees at 26M 3 - Reevis at 25M 4 - Watt at 22M (no wonder they want him on offense too) 5 - Manning at 21.5M ... 22 - Alex Smith at 15.6M And actually, Chiefs have 2 QBs ranked in the top 23 at the position for a total of 20.4M ... so KC is paying for a Peyton Manning tier of QB. Nobody can say that KC doesn't have the funds to spend on it, they're just doing it wrong.
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12-30-2014, 08:31 AM | #64 |
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The media absolutely loves lapping up New England PR. What a joke.
From SB Nation: Here's what's really going on. Tom Brady will be paid $1 Million more in base salary per year for the next three years. That INCREASES the Patriots' cap spending by $1 Million per year, and DECREASES the Patriots' cap room by a corresponding $1 Million per year. Not only did this restructure provide zero extra cap space, it cost the Patriots $1 Million per year in cap space starting in 2015. In exchange the Patriots got the removal of the skill guarantee on Brady's base salary over the next three years. Because that $24 Million was previously fully guaranteed, it was required by NFL rules to be deposited with the NFL offices as surety for the fully guaranteed payments. The removal of the skill guarantee resulted in the release of that $24 Million from the NFL fund into the Patriots' general accounts. In theory that gives the Patriots an extra $24 Million in cash to write bonus checks in the new league year. The key words here are in theory. You see, the extra $24 Million is only significant as a cash flow issue, in terms of the Patriots being able to afford to pay free agents bonus money for which they may not otherwise have the cash on hand to write the necessary checks. It doesn't allow them a single extra dollar of cap space; it just means they have an extra $24 Million in their bank account. Now, this extra $24 million in the Patriots' account is not found money; it will eventually be paid to Tom Brady as base salary over the next three years. It is in effect a short term loan from Brady to the Patriots. The only possible benefit to the Patriots would be if they were literally unable to come up with that $24 Million in cash to write checks without borrowing the money from Brady. Does anyone seriously believe the Patriots are so strapped for cash that the $24 Million in cash allows them to write bonus checks that would otherwise bounce? If that is the case then the Patriots are on the verge of insolvency. But I do not seriously believe that is a possibility, and neither should you. Robert Kraft is a billionaire owner of one of the most successful franchises in all of sports. The likelihood that he has no other way to raise an extra $24 Million in short term cash is virtually zero.
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Mismanaging the clock. |
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12-30-2014, 08:59 AM | #65 | |
Don't Tease Me
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Quote:
New England gets some immediate cash relief so they can spend more
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12-30-2014, 09:02 AM | #66 |
Changes pants while driving
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12-30-2014, 09:17 AM | #67 | |
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Quote:
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12-30-2014, 09:21 AM | #68 | |
Don't Tease Me
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Quote:
and if he's injured the team can still come to a injury agreement Brady is getting paid 1 million dollars to trust the patriots let's not get carried away
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12-30-2014, 09:23 AM | #69 |
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Who's getting carried away? I just pointed out that it's not just PR, and people would be stupid to think that's all it was.
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12-30-2014, 09:25 AM | #70 |
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12-30-2014, 09:29 AM | #71 | |
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Some of you need to read this, apparently.
http://grantland.com/the-triangle/to...iots-contract/ Quote:
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12-30-2014, 10:53 AM | #72 |
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It's being made out in the media that Brady is doing something altruistic to help his team retain and sign other players. That is pure BS.
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Mismanaging the clock. |
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12-30-2014, 11:15 AM | #73 | |
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Quote:
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With a sack in 61% of his games, SB MVP Von Miller is the most consistent pass rusher in NFL history. |
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12-30-2014, 11:22 AM | #74 |
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12-30-2014, 11:24 AM | #75 |
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seriously; aside from the Chiefs being perpetually 'almost good'....the primary reason I've soured so much on the NFL is Manning. He's everywhere. every god damn week he's on a national game etc. and it's not just because he's now with the Broncos; I hated him even when he was at Indy for the same reason. For me personally, there's no reason to watch any NFL games with any regularity because I'd be stuck with watching Manning week in and week out. Not in the literal sense, but by in large.
when he retires. i'll probably get a little more interested in the NFL again maybe. talk about over exposure/saturation of a product/player. JFC.
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