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Originally Posted by Schneed10
Regarding Archuleta's contract, did you guys notice that his deal with Chicago will include $5 million in guarantees? So says the ESPN article.
$5 million is exactly what we owed him tomorrow when the second half of his guaranteed money was due to him.
I await the numbers from La Canfora, but I'd venture to guess that somehow the Skins managed to transfer that $5 million payment over to the Bears. If true, the 'Skins would be taking a $4 million dead cap hit this year on Archuleta, meaning making the trade only ate up $1.7 million of incremental cap space, meaning we'd be sitting here with about $8 million in 2007 cap space.
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Wow! I just saw this now.
Schneed, looks like you were right on. From the Post:
washingtonpost.com
"The Redskins and Archuleta agreed to postpone his original deadline of March 12 to receive his bonus payment in order to facilitate a trade, and the Bears, whose coach, Lovie Smith, has a strong relationship with the safety from their time together in St. Louis, ultimately agreed to pick up that $5 million payment as part of the deal, sources said, beating today's new deadline for the option."
IMO this is UNBELIEVABLE!!! Snyder pulled a real coup here. I don't know how we convinced them to give us a 6th rounder AND take the $5M bonus payment.
Quote:
Originally Posted by Schneed10
Maybe CC knows if such a transfer of guaranteed payments can be done under the new collective bargaining agreement?
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I didn't know they could but I'm loving it!
I'm not sure if it's a change in the CBA, or if Snyder's just getting smarter with the signing bonuses, but it's been a trend with our recent signings. Arch, Randle-El, Carter, Lloyd, Samuels, Rabach, Patten, Jansen, Thomas, Moss, Taylor all had their signing bonuses split over the first 2 years of the contract. I figured this was just a way to delay some money past the current year, but now I see how valuable it can be. If you screw up on a guy (Arch), you still have time to recoup some of the signing bonus.
As Frank the Tank once said, "It's genius!"