Quote:
|
Originally Posted by JLC
In the meantime, I figured I'd post the contract for the one offensive lineman they have signed, Derrick Dockery. Most interesting thing with this one is that there is no signing bonus. Zero. Zilch. No upfront money, which allowed them to keep the cap number low in 2009. However, it does include $8.2 million in guaranteed salaries between 2009-2011, so Dockery knows he will be getting that much for sure. Here's the breakdown of the contract:
Base Salary Cap Number
2009 - $3.2 million $3.2
2010 - $2.91 $4.16
2011 - $3.815 $5.065
2012 - $4.775 $6.025
2013 - $5.735 $6.985
Contract voids in 2014
Bonuses:
Dockery has a $1 million option bonus each year beginning in 2010
There are $250,000 workout bonuses in 2010, 2011 and 2012
Guarantees:
Dockery's 2009 salary is guaranteed, and $5 million of his 2010-2011 is guaranteed
|
Been analyzing this and it doesn't seem to make sense.
- NLFPA has Dock signed thru 2014. The contract can probably be voided before the 2014 season but it still counts for signing bonus allocation purposes.
- Why is Dock's cap hit $6.985 in 2013? His salary is $5,735. The $1M option bonus JLC mentions (really a roster bonus) brings his cap hit to $6,735. But he says there is no $250K workout bonus in 2013 so where is the $250K difference?
My guess is that Dock will receive a $5M signing bonus in 2010. This plus his $3.2M guaranteed 2009 salary accounts for the $8.2M guaranteed portion of the contract. The $5M signing bonus will be allocated $1M per year from 2010-2014. In addition he probably receives a $250K workout bonus each year of the deal starting in 2010. Using this model Dock's cap hits would match JLC's "base salary cap numbers".