The mistake with Delhomme
Posted 16 March 2010 - 08:21 PM
Posted 16 March 2010 - 09:18 PM
Some of this doesn't add up and I guess we won't know untilf Fox is gone and even that is a longshot.
Great write up
Posted 16 March 2010 - 10:04 PM
What will be interesting in light of this will be watching what happens if Matt Moore has a good season.
As a side note, I think we should temper the expectations there. I'll be happy with a "good" season. I'm not expecting the second coming of Tom Brady, and I don't think it's wise to set our hopes that high.
i agree completely. i want moore to succeedlike any panther fan would, but i think that the hopes around here for him are a little high. i will be happy if all he does is play a good ball control offense.
Posted 16 March 2010 - 10:06 PM
That's a good way to look at it Mr. Scot. Haven't thought about it that way. My thinking of late has been that they made a huge mistake giving him that last 5 year extension and the big signing bonus, which unlike what a lot of people on here were complaining about, the 12.7 mil owed to him this year, was really part of that bonus, just paid in 2010 instead of 2009. Your point of view on this makes me somewhat less critical on the F.O.
Jake was never really a "great" QB, but 2003-2008 he was definitely an above average QB who did pretty well with what he had.
the last extention jake was given was a pretty bad idea, but i do understand why it happened. it was basically a way to restructure his contract in order to make room for the 17 million that we paid peppers last year.the best thing that could of happened would have been to just let peppers walk after the 08 season.
Posted 16 March 2010 - 11:09 PM
The thing about contracts... it takes two parties to agree. So it's not like the Panthers took advantage of Jake. He (and his agent) agreed to the terms - they didn't have to. You can use the argument that Jake is a great guy all you want, but the bottom line is he didn't have to sign anything.
As far as I'm concerned, the only mistake made with any of his contracts was the last one.
Exactly, the idea it was all a reward is rubbish. A huge motivation for the move was the cap space needed to survive the 2008 post season signing of Jordan Gross to a long term deal and the ungodly Franchise Tag placed on Julius Peppers. Then, they didn't anticipate just how badly Jake would suck in 2009. Added up with no cap this year it means by by Jake.
Smith said that Delhomme's 2009 contract extension included $12.7 million in guaranteed money due and payable in future years as an alternative to a large signing bonus earned at the time the deal was finalized. The Panthers were facing serious cap issues last year, given that the franchise tag applied to defensive end Julius Peppers and long-term deal paid to tackle Jordan Gross as the Panthers faced the possibility of letting Peppers or Gross hit the open market due to the availability of only one franchise tag.
So the present and future guarantees of $12.7 million were part of a $19 million signing bonus on a five-year deal -- numbers that aren't all that out of line given the overall quarterback market. Smith worked with the Panthers to structure the deal in a manner that gave the team maximum cap space in 2009, and that ensured Delhomme would definitely get the money, in the same way he would have definitely gotten the money if he had received a $19 million signing bonus in 2009 with payments deferred into future years.
The concept is simple. With teams using exotic structures to save cap space, the players should not have been penalized for cooperating.
Thus, the contract was negotiated to simulate a $19 million signing bonus. Hurney and Smith intentionally placed the guarantees into future years, and they intentionally added and omitted terms aimed at ensuring that the money will be paid. For example, the contract fully guaranteed the future payments for injury, skill, and cap, unlike the Julius Peppers deal. And the contract did not include a term allowing the Panthers to derive an offset based on the money he makes elsewhere in 2010 or beyond.