Brunell Reworks Deal (FKA "Brunell Reluctant to Renegotiate Deal")

[That Guy]

if its a restructure (base salary -> bonus and not giving money back) every 500k only saves 200k in cap space. his vet min has to be close to a million, so he could give up to 3mill back and save about a max of 1.2mill for this year, though i doubt its that high.

without a new cba, thats up to 3 starters.

[Sheriff Gonna Getcha]

Originally Posted by That Guy

if its a restructure (base salary -> bonus and not giving money back) every 500k only saves 200k in cap space. his vet min has to be close to a million, so he could give up to 3mill back and save about a max of 1.2mill for this year, though i doubt its that high.

without a new cba, thats up to 3 starters.

Brunell's base salary this year is $4 million. If he coverted $3 million into a signing bonus, wouldn't that save us $1.5 million in cap space?

[That Guy]

Originally Posted by Ramseyfan

Brunell's base salary this year is $4 million. If he coverted $3 million into a signing bonus, wouldn't that save us $1.5 million in cap space?

no (i gave an example in a post the cap threads).

here's how a rework (salary -> bonus) has to work.

he gives back 500k in 2006, and to comply with the 30% rule, that means he'd have to give back 650k in 2007. that means 1.15million bonus which can only prorate over 4 years. 1.15mill / 4 = 287.5k a year in bonus. 500k - 287.5 = 212.5k actual savings, or about 40% of what he reworks.

the 30% and extra base salary you're forced to turn into bonus (from 2007) makes restructuring much less useful now than in previous years.

[Sheriff Gonna Getcha]

Originally Posted by That Guy

no (i gave an example in a post the cap threads).

here's how a rework (salary -> bonus) has to work.

he gives back 500k in 2006, and to comply with the 30% rule, that means he'd have to give back 650k in 2007. that means 1.15million bonus which can only prorate over 4 years. 1.15mill / 4 = 287.5k a year in bonus. 500k - 287.5 = 212.5k actual savings, or about 40% of what he gives up.

the 30% and extra base salary you're forced to turn into bonus (from 2007) makes restructuring much less useful now than in previous years.

Yup, forgot to account for the 30% rule. Duh. Thanks.

[CrazyCanuck]

Originally Posted by That Guy

he gives back 500k in 2006, and to comply with the 30% rule, that means he'd have to give back 650k in 2007. that means 1.15million bonus which can only prorate over 4 years. 1.15mill / 4 = 287.5k a year in bonus. 500k - 287.5 = 212.5k actual savings, or about 40% of what he reworks.

the 30% and extra base salary you're forced to turn into bonus (from 2007) makes restructuring much less useful now than in previous years.

This is a good analysis factoring in the 30% rule. I'm still crunching thru the numbers to see if we can get additional savings without violating the 30% rule. A $212K savings is so minimal. Gotta be a way to milk a little bit more.

Without the 30% rule we could probably turn that $200K savings into $2M.

[That Guy]

Originally Posted by CrazyCanuck

This is a good analysis factoring in the 30% rule. I'm still crunching thru the numbers to see if we can get additional savings without violating the 30% rule. A $212K savings is so minimal. Gotta be a way to milk a little bit more.

Without the 30% rule we could probably turn that $200K savings into $2M.

they could actually give millions back and save a whole lot... how many players have done that the last 4 years though? maybe 3?