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Vet minimum salary cap benefit rule(saved us 1.56 million so far)


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#1 panther4life

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Posted 04 April 2013 - 03:10 PM

Ever wonder how a player can have a cap hit less than their base salary?

For example Derek Anderson has a base salary of $840k but his cap hit is only $555k.

Well this is achieved through a rule I just found today thanks to this article. http://bostonherald....and_the_minimum

The short of it is this. Any vet who signs a 1 year vet minimum deal can have their base salary only count as $555k. 3 rules to this.
1.Has to be at least a 4 year vet.
2.Signing bonus/any workout bonuses can't exceed more than $65k.
3.Has to sign a 1 year vet minimum deal.

The vet minimum varies by the tenure of a player. Here's a link for that.
http://www.steelersd...-base-salaries/

So far we have used this rule on 6 players(Anderson,Florence,Hartstock,Senn,Cole and Moore) according to http://www.spotrac.c...nthers/cap-hit/ and saved 1.56 millionn in cap hits. Number could grow to 7 and 1.72 million in savings once Mike Mitchells deal is announced.



We could have used it and save another 160k on the contract of D.J Moore. (Maybe we did and Spotrac just didn't pick up on it?)***EDIT spotrac is wrong rest of thread adjusted.


BTW I finally found Dwan Edwards deal. 2 yrs/ 3.6 million.(1.4 million signing bonus). 1.6 million cap hit this year and 2 million next year. http://overthecap.co...thers&Year=2013 You'll have to click on his name for full details.

#2 Growl

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Posted 04 April 2013 - 03:15 PM

So Dwan dictated to Gettleman what he wanted and Gettleman caved.





#3 Growl

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Posted 04 April 2013 - 03:16 PM

Btw I agree with move to cave in this scenario. I just wanted to highlight it to the people that keep saying "Gettlemagic."



Crap is so annoying.

#4 KendrickPanther

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Posted 04 April 2013 - 03:33 PM

We got a solid veteran DT for less than 2m a year.... that sounds great to me.

#5 1989

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Posted 04 April 2013 - 03:34 PM

Btw I agree with move to cave in this scenario. I just wanted to highlight it to the people that keep saying "Gettlemagic."



Crap is so annoying.


You're a grumpy little boy.

#6 rayzor

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Posted 04 April 2013 - 03:36 PM

We got a solid veteran DT for less than 2m a year.... that sounds great to me.

agreed. if cole works out then we got a run stuffer for essentially less than the vet min.

i like this cap benefit.

#7 SmashNDash

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Posted 04 April 2013 - 03:36 PM

So Dwan dictated to Gettleman what he wanted and Gettleman caved.


I hardly consider a paying a DT with the second most sacks in the NFC last year 1.8 million dollars a year as caving.

#8 rayzor

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Posted 04 April 2013 - 03:40 PM

I hardly consider a paying a DT with the second most sacks in the NFC last year 1.8 million dollars a year as caving.

compromise. i'm sure it was a good bit less than what dwan felt he deserved after last year and it wasn't above market value so i'm not going to complain.

#9 SCP

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Posted 04 April 2013 - 03:51 PM

Btw I agree with move to cave in this scenario. I just wanted to highlight it to the people that keep saying "Gettlemagic."



Crap is so annoying.


Yes I prefer GettleFap

#10 jtnc

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Posted 04 April 2013 - 03:54 PM

So Dwan dictated to Gettleman what he wanted and Gettleman caved.

You act as if we gave Dwan a shitload of cash, he's a decent pass-rusher and we need him, otherwise we would have TWO needs on the line.


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