2023 Cap Discussion

[DJ's left nut]

Interesting exercise:

Let's say that Hill's practical guarantees are worth about 75% of his APY (the math is easier; its nearer 77%).

And let's say that JJSS ends up with an APY of $24 million. 75% of that would be $18 million in practical guarantees at that point.

You interested at that rate? 3 years, $54 million? So figure a $20 million signing bonus, base salaries of 5, 13 and 16 to total $34 million in salary on top of the bonus. Cut him after year 3 with $5 million in dead money? Cap hits of $10, $18 and $21 million in the first 3 years? Probably have to injury guarantee at least half of that year 3 salary at worst; probably fully guarantee it at the start of the 2024 league year for 2025.

It would be a better deal than what Kirk got, IMO. Kirk would have slightly better numbers in the first 2 years but gives it back in year 3. But the Jags also payed a "we really suck" premium.