Redskins 2012 Salary Cap Status

[CrazyCanuck]

Originally Posted by GTripp0012

Halsell said that the Meriweather contract was a five year deal that voids back to two. However, I haven't seen any signing bonus figures on that deal, so I have no idea what the proration bonus is.

Yup confirmed by NFLPA. I have a $2M signing bonus prorated for 5 years at $400K per year.

[SBXVII]

Originally Posted by CrazyCanuck

Yup confirmed by NFLPA. I have a $2M signing bonus prorated for 5 years at $400K per year.

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

It made sense because I couldn't figure out how we had not gone over our limit already.

[CrazyCanuck]

Originally Posted by SBXVII

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

This doesn't make much sense, haven't heard anything to this effect.

I do believe the $18M charge has changed the way we handle our bonuses. I think Allen would prefer to take the bulk of the bonus hits sooner than later, but the cap penalty has handcuffed us. Therefore he has constructed more deals like Morgan and Meriweather - adding 'fake' years to the contracts to push more bonus money to the future and less to 2012.

[HoopheadVII]

Originally Posted by SBXVII

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

It made sense because I couldn't figure out how we had not gone over our limit already.

That doesn't make sense - that would essentially make the salary cap pointless. Every salary would get shifted into signing bonus every year.

Plus, giving people big signing bonuses when they didn't count against a cap is what got the 'Skins penalised in the first place.

[Schneed10]

Originally Posted by SBXVII

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

It made sense because I couldn't figure out how we had not gone over our limit already.

The basic tenant of the salary cap is that on your salary cap books, you have to account for any money you actually pay to a player.

So if you pay out a base salary, you must account for 100% of it that year. If you pay out a signing bonus, you must account for it over the life of the contract.

There is no way you can avoid recognizing on the cap any funds you actually pay to a player.

[GTripp0012]

Originally Posted by Schneed10

There is no way you can avoid recognizing on the cap any funds you actually pay to a player.

Except cash in white envelopes.

<-- Does not condone under the table payments