Jon Jansen Restructures

[T.O.Killa]

Yeah, but that makes his cap release number go way up next year. Does anyone know if Randy moss was franchised, I saw nothing yet and I think the dead line is 4pm

[Paintrain]

Originally Posted by SmootSmack

Looks like he's agreed to the vet min

Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000

NFL Players Association - Resources - Active Player Search

Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs

FINALLY someone signed for close the veteran's minimum. Whew, now that he's done it then everyone else will want to come here and do it too, right!?!

[Paintrain]

Originally Posted by Schneed10

Looks like Jansen's restructure was exactly what I was expecting, a simple restructuring of base salary into the form of signing bonus. The cap savings this year will be $3.2 million.

Ethan Albright was resigned as well, but has little to no effect on the cap. His cap number bumps another guy out of the top 51, and the difference between his cap figure and the 52nd player's is minimal.

2 quick questions.. Where does Brunell fit into all of this?

Also, you may not be able to answer but maybe someone can, what kind of tax ramifications do players face when doing this type of restructure? I'd think that going from a large salary to a large bonus would hurt them tax wise since bonuses are taxed at a much higher rate than salary.

[EARTHQUAKE2689]

Originally Posted by Paintrain

FINALLY someone signed for close the veteran's minimum. Whew, now that he's done it then everyone else will want to come here and do it too, right!?!

Not when they read your sig.

[T.O.Killa]

Can someone explain this better, that understands it. The way I understand it is Jansen just got several million dollars guarenteed, that will be spread out over the remaining life of his contract. Making his cap number huge next year and the subsequent years. Is that correct or did he say, my play has not been that great and I was injured, so for the good of the team I will give up millions?

[Paintrain]

Originally Posted by EARTHQUAKE2689

Not when they read your sig.

I forgot to put the sarcasm smiley at the end of my post.

[mike340]

...and what will happen if they re-sign the player with the best punt return average (~35) in the NFL this year? (James Thrash.) (He didn't make it onto some lists, but he did on others.)

[Schneed10]

Originally Posted by Paintrain

2 quick questions.. Where does Brunell fit into all of this?

Also, you may not be able to answer but maybe someone can, what kind of tax ramifications do players face when doing this type of restructure? I'd think that going from a large salary to a large bonus would hurt them tax wise since bonuses are taxed at a much higher rate than salary.

Brunell is a free agent, his contract is voiding. The team has no intentions to resign him.

[GTripp0012]

Originally Posted by Schneed10

Right now, Cartwright is a free agent, thus resigning him would be a hit to our cap figures. Signing him would move us further into the red.

Right now, the 51st man on our team counts $370K against the cap. For simplicity's sake, let's say we resign Rock for a one year deal worth $1.0 million. His signing would bump the 51st man out of the top 51, reducing our cap by $370K. He would then be added at $1.0 million. So the net effect of signing him, in this example, would be a hit of $630K.

Obviously if he signs with us for more money than that, the hit would be worse.

Rumors from JLC on his blog have indicated that the Skins may let him walk. Provided that they have a decent fallback option for kick returning and special teams, this could be a decent move. Our 3rd RB doesn't see the field often, so seeing him leave from a RB standpoint is really no big deal. But the staff will need to be cognizant of replacing his special teams leadership if they decide to let him go.

Do you agree with this move?

Certainly, the Skins can use the extra cap dollars right now as this will likely be used to release Lloyd with, but the trade off is $1 million more guarenteed to Jansen in each of the next 3 seasons (on top of the 2.25 million we were already giving him), and at least one more year of not being able to get away from him.

I guess were were going to handcuff ourselves somewhere, but I'm not sure that this was the right contract to do it with.

[Schneed10]

Originally Posted by T.O.Killa

Can someone explain this better, that understands it. The way I understand it is Jansen just got several million dollars guarenteed, that will be spread out over the remaining life of his contract. Making his cap number huge next year and the subsequent years. Is that correct or did he say, my play has not been that great and I was injured, so for the good of the team I will give up millions?

You're asking about a paycut in the bolded piece. To my knowledge, he did not take a paycut.

By my math, this restructure should have increased his 2009 cap figure by about $1.0 million or so.

[Schneed10]

Originally Posted by GTripp0012

Do you agree with this move?

Certainly, the Skins can use the extra cap dollars right now as this will likely be used to release Lloyd with, but the trade off is $1 million more guarenteed to Jansen in each of the next 3 seasons (on top of the 2.25 million we were already giving him), and at least one more year of not being able to get away from him.

I guess were were going to handcuff ourselves somewhere, but I'm not sure that this was the right contract to do it with.

Yeah I agree with it, primarily because I still think Jansen is a stud. People are quick to rag on him, but I don't see the logic.

[texasskinsfan]

Originally Posted by SkinsFanSince91

Praise the Lord!!!

Some cap relief. He may not come when you want HIm, but He is always right on time...lol

Amen the Lord is always on time.

[T.O.Killa]

Originally Posted by Schneed10

You're asking about a paycut in the bolded piece. To my knowledge, he did not take a paycut.

By my math, this restructure should have increased his 2009 cap figure by about $1.0 million or so.

Well if thats the case that is not bad, but he should take a paycut.

[GTripp0012]

I think we can expect Portis, Betts, and Samuels soon, and we'll be working with 6 million dollars under in free agency.

[GTripp0012]

Originally Posted by Schneed10

Yeah I agree with it, primarily because I still think Jansen is a stud. People are quick to rag on him, but I don't see the logic.

Can he be a stud two years from now, when we are guarenteeing him almost 3.5 million plus a 6 million base salary?

Maybe, but he's going to have to stay on the field andhealthy.