No progress in Derrick Dockery Negotiations....

[Schneed10]

Originally Posted by skinsfan69

So what your saying is we should possibly overpay for him for the sake of the locker room? I would agree with you if we were 10 or 20 million under the cap. But is this team in a position to possibly overpay for someone when so many big bonuses have already been paid out? I think at this point we are three milllion over the cap. It looks like we are going to have to do a lot of slashing and restructuring. I hope he stays but at the right price.

Three million over is a high estimate. I think the actual number is about $2 or $3 million under.

Secondly there is lots of room for restructuring. Players are due high base salaries this season which are easily renogotiated into lump sum signing bonuses. Win for the team (frees up space), win for the player (gets paid what the contract states, except gets it in one lump sum instead of spread out in game checks).

Even if we signed Dockery to a 6 year, $35 million deal, with a $10 million signing bonus, they would structure it so that he'd only cost us $2.5 million against the cap in 2007.

PS I'm not saying we should pay him that, but this is just to illustrate that whatever we sign him for, his 2007 cap hit should not be a problem for us.