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Fitt is Making Saint Style Moves

Troys99x4

By Troys99x4,
in Carolina Panthers

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Troys99x4 Enthusiast

Troys99x4

Posted
Posted (edited)

Curious to see the yearly breakdown. 

Would love to keep a dynamic duo going if he performs well.

After some research:

About $2M this year 4M next year.

Hopefully the kicking the can down the road is a "this year" thing only.

Edited by Troys99x4
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SetfreexX Mentor

SetfreexX

Posted
Posted
1 minute ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

I do believe it allows them to keep the cap hit for ''this'' season lower. The voidable years allow you to artificially spread out the bonus money.

Another good example is JuJu's contract with PIT, it's set up in similar fashion. 

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Troys99x4 Enthusiast

Troys99x4

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1 minute ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

They're stretching the payment out instead of paying him the full guarantee this year. Trying to save some cap $ this year.

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bababoey Enthusiast

bababoey

Posted
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2 minutes ago, NYPantherFan said:

Can someone explain why they needed to add voided years to the deal rather than just a 1 year deal?

You can spread out the signing bonus over 5 years.  Making his cap hit much lower than what is would be otherwise.

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NYPantherFan Community Regular

NYPantherFan

Posted
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3 minutes ago, bababoey said:

You can spread out the signing bonus over 5 years.  Making his cap hit much lower than what is would be otherwise.

So is he under contract for 5 years or just 1? All the reports said he signed a 1 year deal. Guessing the rest of the bonus just becomes dead cap?

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bababoey Enthusiast

bababoey

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15 minutes ago, NYPantherFan said:

So is he under contract for 5 years or just 1? All the reports said he signed a 1 year deal. Guessing the rest of the bonus just becomes dead cap?

It is a 1 year deal with 4 voidable years added to the end of the deal.  The extra 4 years void, from what I have read, on Feb 25 of 2022.  And yes the remaining bonus hits the cap in 2022 as just dead cap.

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electricbluecats Newbie

electricbluecats

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It's a 1-year deal. Those voidable years do not mean "we have him under contract" if he plays well, it's all paper years that automatically go away after this year is over. You are allowed to pro-rate signing bonus money up to 5 years, so purely for cap flexibility purposes, they tack on the voidable years to push 4/5 of the singing bonus amount beyond this year.

So we have a cap hit on a 1-year deal of $1.992m ($990k vet min base salary + $1.002m of prorated signing bonus) while he still gets his full $6m in cash. The voidable years let us defer the rest of the $4.008m in signing bonus as a dead cap hit after this year. It's just a timing difference. The team will have the full $6m count against the cap eventually, this just allows for immediate flexibility in a down cap year. 

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t96 Grand Master

t96

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28 minutes ago, DaveThePanther2008 said:

Pretty simple.  If he plays well we have him under contract.  If not, we cut loose and don't lose much.

 

 

22 minutes ago, NYPantherFan said:

So is he under contract for 5 years or just 1? All the reports said he signed a 1 year deal. Guessing the rest of the bonus just becomes dead cap?

 

8 minutes ago, therealmjl said:

I'm super confused. Is he potentially under contract for 5 years? I thought it was just a one year prove it deal.

 

Dave that's not true, we only have him for 1 year on this contract no matter what. Those other 4 years will automatically void, they are built in solely to spread out the cap hit (not a big fan of that aspect of it but we'll see how it plays out).

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