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Old 02-28-2017, 02:20 PM   #1
ThaVirus ThaVirus is offline
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Eric Berry signs 6-year, $78m extension
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Originally Posted by Superturtle View Post
How? 78÷6 is 13 exactly. How do you get to a 16 mil AAV?

That's where either I or a few of you guys are confused..

As far as I'm aware, when figuring out the CAP HIT, you have to include the signing bonus, which is generally stretched out over the length of the contract. So we'd essentially be adding an additional $3+ million per season ($20m divided by 6 years) to the $13m salary.
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Old 02-28-2017, 02:22 PM   #2
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Originally Posted by ThaVirus View Post
That's where either I or a few of you guys are confused..

As far as I'm aware, when figuring out the CAP HIT, you have to include the signing bonus, which is generally stretched out over the length of the contract. So we'd essentially be adding an additional $3+ million per season ($20m divided by 6 years) to the $13m salary.
"Chiefs gave S Eric Berry a six-year, $78 million deal that includes $40 million guaranteed and a $20 mil signing bonus, per source."

The signing bonus is part of the $78m.
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Old 02-28-2017, 02:25 PM   #3
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Originally Posted by DaFace View Post
"Chiefs gave S Eric Berry a six-year, $78 million deal that includes $40 million guaranteed and a $20 mil signing bonus, per source."



The signing bonus is part of the $78m.

Guess I was the one confused then.

That's awesome. $13m cap hit isn't too bad.
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Old 02-28-2017, 02:29 PM   #4
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Quote:
Originally Posted by ThaVirus View Post
That's where either I or a few of you guys are confused..

As far as I'm aware, when figuring out the CAP HIT, you have to include the signing bonus, which is generally stretched out over the length of the contract. So we'd essentially be adding an additional $3+ million per season ($20m divided by 6 years) to the $13m salary.
Can only spread a bonus over 5; so take the $58 million in salary, guarantee $20 of it (the remaining $20 mil gtd is the bonus) and spread that out over 6 years however you see fit, then add $4 mil/season to the first 5 seasons for the total cap hit.
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