The Salary cap - Contract Gap, and how it will affect future contracts

[Doc Holiday]

3 hours ago, thomas96 said:

I underestimated the Colts' stupidity if this does actually come to fruition. We'll see when it happens and the structure.

you under estimated, or I understood market values and where they were heading, I called this right on the mark 3 months ago and you tried to be internet tough guy. eat crow buddy.

[t96]

12 minutes ago, Doc Holiday said:

you under estimated, or I understood market values and where they were heading, I called this right on the mark 3 months ago and you tried to be internet tough guy. eat crow buddy.

If it'll make you feel better.

[PoundCat]

For perspective, ladies and gentlemen and internet-tough-persons:

http://www.forbes.com/sites/jasonbelzer/2016/02/29/thanks-to-roger-goodell-nfl-revenues-projected-to-surpass-13-billion-in-2016/#538a99cf3278

...thanks to Goodell’s masterful negotiation of lucrative television rights deals as well as the enhancement of several new league income streams, the NFL’s total revenues are projected to surpass $13.3 billion this year, up more than 50% from 2010.

[t96]

On 6/12/2016 at 5:22 PM, Doc Holiday said:

you under estimated, or I understood market values and where they were heading, I called this right on the mark 3 months ago and you tried to be internet tough guy. eat crow buddy.

not $25M/year. closer to my prediction than yours. "Eat crow" dumbass.

[aussiePanther]

3 hours ago, thomas96 said:

not $25M/year. closer to my prediction than yours. "Eat crow" dumbass.

Quoting for clarity's sake:

 

On 07/03/2016 at 6:43 PM, aussiePanther said:

On 07/03/2016 at 4:07 PM, thomas96 said:

I'm not going to get into comparing these two. Neither is very good. Luck won't be getting more than $22M/year. I would bet a lot of money on that and will remember this thread when he gets his contract.

Dude I'd be tempted to take this bet. It'll certainly be more than $20M/year.

He's a lot better than Kirk Cousins. The QB market is insane right now because there are so few options. I can't imagine it'd change much next year.

I just thank Christ we have Getts on the job and he locked up Cam (and DA) at a bargain price.

From Spotrac

"Andrew Luck signed a 5 year, $122,970,000 contract with the Indianapolis Colts, including a $32,000,000 signing bonus, $87,000,000 guaranteed, and an average annual salary of $24,594,000. In 2016, Luck will earn a base salary of $12,000,000 and a signing bonus of $18,000,000. Luck has a cap hit of $18,400,000 while his dead money value is $44,000,000."

Please let this thread die now.

 

Edit to add Spotrac's discussion on the contract

[t96]

3 hours ago, aussiePanther said:

Quoting for clarity's sake:

 

From Spotrac

"Andrew Luck signed a 5 year, $122,970,000 contract with the Indianapolis Colts, including a $32,000,000 signing bonus, $87,000,000 guaranteed, and an average annual salary of $24,594,000. In 2016, Luck will earn a base salary of $12,000,000 and a signing bonus of $18,000,000. Luck has a cap hit of $18,400,000 while his dead money value is $44,000,000."

Please let this thread die now.

 

Edit to add Spotrac's discussion on the contract

It's 6 years $140M. $23.3M/year. Closer to my guess of $22 than $25.

[Snake]

If the Colts, Ravens, Eagles, and Redskins knew how to negotiate a deal this would not happen so drastically. People say "well it's going to be a deal in a few years". I say well sure it is because you have just set the standard and no elite player is going to take lower than that. It's like convincing yourself that your car is going to be a classic one day. 

[top dawg]

9 hours ago, stbugs said:

You guys are both right. It is really just a 5 year extension at almost $25M per year. The Colts exercised the 5th year option (at $16M) for 2016. That basically got sucked up into the 6 year deal so while the average of the 6 years is $23M, when you pull out the $16M salary for 2016, it is higher than that. It just depends on whether or not you want to ignore the 5th year option that they exercised as year 1 of the deal.

That is smart, and I'd have never realized it. I hate numbers and contracts, though I realize their importance. You sound like a person either in the financial field,  legal field, or both. 

I was just amused that they'd be arguing over what is essentially a couple hundred thousand a year.

---------

With these contracts coming up, I wonder about how (what I'll refer to as) the cap-gap will play a part of the negotiations.

http://www.nfl.com/news/story/0ap3000000669060/article/which-players-could-sign-megadeals-this-summer

Jim Irsay sounds like he considered it in his negotiations. 

http://www.nfl.com/news/story/0ap3000000672373/article/irsay-no-out-of-whack-numbers-in-lucks-contract

I think Irpay---err, Irsay proved that he and/or his minions aren't as smart as guys like Getty and Billy B. I am sure that Gettleman not only considered the cap-gap when negotiating with Cam, but he looked at the greater picture of how it would affect the overall health of the team. But Getty took it even one step further and considered cost of living which is something that Irsay obviously didn't give a care about. 

 

 

[t96]

10 hours ago, stbugs said:

You guys are both right. It is really just a 5 year extension at almost $25M per year. The Colts exercised the 5th year option (at $16M) for 2016. That basically got sucked up into the 6 year deal so while the average of the 6 years is $23M, when you pull out the $16M salary for 2016, it is higher than that. It just depends on whether or not you want to ignore the 5th year option that they exercised as year 1 of the deal.

Technically they tossed out the old deal and made a new 6 year deal. One could look at it that way, but then Wilson would be considered to be making nearly $30M/year since last year he was on a 3rd round rookie contract. Not the logical way to look at it. The OP thinks QBs will be making an average of $30M/year on their contracts within the next 2 years. The highest is Luck at $23M/year, it's not going to come close to $30M per in that timespan.

[Doc Holiday]

On 6/29/2016 at 4:26 PM, thomas96 said:

not $25M/year. closer to my prediction than yours. "Eat crow" dumbass.

I'm the dumbass? I wasnt the one trying to be the internet tough guy remember?

[aussiePanther]

15 hours ago, thomas96 said:

Technically they tossed out the old deal and made a new 6 year deal. One could look at it that way, but then Wilson would be considered to be making nearly $30M/year since last year he was on a 3rd round rookie contract. Not the logical way to look at it. The OP thinks QBs will be making an average of $30M/year on their contracts within the next 2 years. The highest is Luck at $23M/year, it's not going to come close to $30M per in that timespan.

They signed a 5 year extension to add on 5 years to the remaining year he already had.

Between you trying to get away from having to admit you were wrong and Spotrac who track and analyse professional sports contracts across all the major sports, I'll take Spotrac, thankyou.

[t96]

5 hours ago, aussiePanther said:

They signed a 5 year extension to add on 5 years to the remaining year he already had.

Between you trying to get away from having to admit you were wrong and Spotrac who track and analyse professional sports contracts across all the major sports, I'll take Spotrac, thankyou.