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ESPN: Teams that are helped/hurt by the new salary cap proposal

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Old 06-29-2011, 06:37 PM   #11
1niksder
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Re: ESPN: Teams that are helped/hurt by the new salary cap proposal

Quote:
Originally Posted by Schneed10 View Post
None left to be paid, but lots left to be allocated on the salary cap books.
Not much left on the cap books because when AH didn't show for OTAs last season he voided the last $5.4M that was guaranteed in 2011.


Quote:
Originally Posted by J.I. Halsell
In his infamous $100 million contract of 2009, Haynesworth had a $21 million option bonus. As part of the deal, the Redskins reserved the right to convert that option bonus to signing bonus, and that’s exactly what they did according to league sources. However, they did this conversion with a slight twist. Not only did they convert the option bonus to a $21 million signing bonus, but they also added a voidable provision by which if Haynesworth pays back $16.8 million of the signing bonus, then the 2011 – 2014 contract years void away. From a team salary accounting standpoint, because the voidable is solely in the player’s control, the proration of the signing bonus does not go into 2011 – 2014, meaning all of the $21 million signing bonus counts in the uncapped year of 2010. As a result, Haynesworth’s team salary number in 2010 went from $8.8 million to a whopping $25.6 million. His subsequent team salary numbers are $6.4 million, $8.2 million, $10 million, $10.8 million, and $12.8 million respectively. With this new voidable provision, if Haynesworth decides he's unhappy with his role in the Redskins' new 3-4 defense and he can come to an agreement in principle with a new team that would guarantee him the $16.8 million he'd have to pay back to the Redskins, then in theory 2010 could Haynesworth's last year in Washington
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