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#1 | ||
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Playmaker
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
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Re: Official Cuts from Around the NFL Thread
I'm not talking about a new contract negotiation, I'm talking about an existing contract. Once the contract is signed the team can't renegotiate it down. They can turn a salary into a signing bonus and lower a cap hit in the short term, but that winds up in the player getting more guaranteed money.
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996. |
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#2 | |
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The Starter
Join Date: Jul 2012
Posts: 1,066
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Re: Official Cuts from Around the NFL Thread
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If the owners can outright cut a player under contract, they can absolutely ask him to take less money. In the NFL, any player contract can be negotiated up or down at any given time. The team just has to be able to account for guaranteed money in previous and current contracts under the salary cap. They also have to be prepared to cut the player if he wont renegotiate down like they want. Teams are allowed to cut the salary or cut the player if they dont agree to a salary cut. Now, the salary cut has to be negotiated and agreed upon by the player, the team just cant announce that the salary is being halved without an agreement by the player. However cutting the player holds no obligations other than fitting his accelerated guaranteed money under the cap. As a point of reference, Chris Cooley offered to cut his salary to stay with the Redskins. Why would he do that if he knew it was illegal in the NFL to do so? Because its a perfectly legal thing to do in the NFL. It wouldnt have affected any guaranteed money, only his base salary, but it would have been a cut in pay on an already negotiated contract none-the-less. And they would not of added extra years or any extra guaranteed money on the deal had it happened. |
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