Jansen's Future in Doubt?

[Pocket$ $traight]

Originally Posted by Schneed10

I've bolded the statements showing where your reasoning is off. Jansen's CAP NUMBER was 5.85 and 6.35 in 2008. That does not mean he was going to get paid that much. Included in those numbers is the signing bonus he received when he first signed the deal 3 or 4 years ago. He was only scheduled to make somewhere between 4 and 5 million in base salary each of 2007 and 2008. So instead of making something like $9 million over those two years, he's now making $10 million in the signing bonus, plus another $500K in vet minimum salaries each year.

It's a pay raise.

Don't get cap numbers confused with cash flows.

Jansen's CAP NUMBER was 5.85 and 6.35 in 2008. That does not mean he was going to get paid that much.

If they had not extended and they kept him on the roster that was how much he would have been paid. He has already received the bonuses of 1.65 and 1.65. If they had not touched his deal he would have received salary of 4.25 in '07 and 4.75 in '08. Just because he received the bonus in a lump sum up front doesn't mean that the cap number isn't what they are paid.

Cash flow is irrelevant because in most cases the bonuses are paid up front. Going purely on cash flow, Jansen will receive a check for 10.67 this year (depending on how the bonuses are structured) but his cap number could be close to a minimum salary if that is how they want it. Going by cash flow he will probably only receive 670 thousand next year. Does that mean he took a pay cut from year one? No.

The only number that matters is the guaranteed money. That is why every year some people claim that the Redskins are in cap hell and next thing you know Redskin 1 is flying in 5 free agents.

I view it as a paycut because he was under contract to make a total of 9 million in salary for '07 and '08 and he will never see that money. That is how the Redskins get away with it year in and out. They give the player up front money that they can spread out over several years and then cut the player before the big salaries hit. The smaller market teams do not have the cash to give big bonuses and backloaded contracts. That was one of the stumbling blocks between the owners in the CBA.

The key to the Redskins philosophy is an increasing cap number and an extremely profitable team. As long as those trends continue, they can continue to continue the status quo.

[Schneed10]

Originally Posted by Grim21Reaper

If they had not extended and they kept him on the roster that was how much he would have been paid. He has already received the bonuses of 1.65 and 1.65. If they had not touched his deal he would have received salary of 4.25 in '07 and 4.75 in '08. Just because he received the bonus in a lump sum up front doesn't mean that the cap number isn't what they are paid.

Wrong. He would have been paid $9 million over the next two years. It's quite simple. What Jansen has been paid in 2006 and years prior is now irrelevant. Those years have come and gone. What matters is what he's going to be paid FROM NOW ON. Was scheduled for $9 million, and instead he'll make $11 million in the next two years.

But if you want, I'll indulge you and factor in what he previously made:

Even if you just want to look at guaranteed money only, this is still a boost. His old contract was a 6 year deal with a $7.5 million signing bonus. He played only 4 years of the contract. So $7.5 million divided by 4, that's $1.875 million per year. This new contract is a 5 year deal with a $10 million bonus, or $2 million per season (and that's IF he plays out the whole contract, which he likely won't).

Or we can evaluate what Jansen made (bonus and salary) in his 4 years under his old contract, and divide by four. He had the $7.5 million bonus, and made another $7 million in base salaries over that time. Total income was $14.5 million, divided by 4 years, that's $3.625 million per season. Under this 5 year extension, total contract value is $23 million over 5 years, or $4.6 million per season. A pay increase. He might never see the last two years of this deal. In that case it would be a 3 year deal, allocating the $10 million signing bonus, that would be $3.3 million per year in bonus alone. Add on vet minimum base salaries on top of that, at $700K each year, that's $4 million per season. Still greater than the $3.625 million he actually collected each season under his old contract.

It's a pay raise no matter how you look at it.