Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Cap details of the Teddy restructure/trade

t96

By t96,
in Carolina Panthers

 Share

Recommended Posts

t96 Grand Master

t96

Posted
Posted

Someone correct me if I'm wrong on the below but this is the information I can gather on how this trade affects our cap compared to trading him without restructure or straight up releasing him:

This is the resulting effect of the trade on our cap:

 

Comparing this trade to our other options based on this spotrac info -- https://www.spotrac.com/nfl/denver-broncos/teddy-bridgewater-14441/ 

 

If we had released him pre-June 1st we would've had $33M in dead cap this year, none next year.

If we had traded him pre-June 1st we would've had $15M in dead cap this year, none next year.

If we had released him post-June 1st we would've had $23M in dead cap this year, $10M next year.

If we had traded him post-June 1st we would've had $5M in dead cap this year, $10M next year.

 

Those were our only other options to get rid of Teddy (other than a different restructure). Our best option obviously would've been to just trade his contract straight up but clearly (and understandably) no team would've been willing to take that on unless we added other assets to the deal and who knows how much that would've been (it really was not a good contract for a player of his caliber).

 

Ultimately we're getting an extra 6th round pick for $2M more in dead cap this year than our ideal option (but not a realistic option given team's unwillingness to take on Teddy's deal) of just trading him. We are saving $16M in total dead cap space by being able to trade him and not just straight up release him. This is partly due to Teddy's willingness to restructure as he could've just said fug you to the Panthers and forced us to release him and signed elsewhere anyways. Denver has Teddy for just $3M this year, which is actually an incredible deal for them as he is a solid backup at that price. I'd say Teddy deserves some credit from Panthers fans for helping to facilitate this trade, as we benefit quite a bit from it. Of course we never should've been in this position anyways but we had to fix Hurney's mistake...

  • Pie 5
Link to comment
Share on other sites
electricbluecats Newbie

electricbluecats

Posted
Posted

Simplest way to look at the trade is we save $3m compared to the cost of cutting him and pick up a 6th round pick.

Breer just added that the restructure kept his base salary at $1.5m, so Broncos get him at $4.5m this season with $3m guaranteed. Since the alternative was him being released, Teddy got that extra $1.5m in base salary as the incentive to agree to the restructure and facilitate the trade.

  • Pie 2
Link to comment
Share on other sites
t96 Grand Master

t96

Posted
  • Author
Posted

Oops, I was looking at 2020 numbers not 2021 numbers so I think you guys are right. We're only saving $3M in dead cap compared to releasing him, not $16M. Still much better for us than releasing him but I don't know how it compares to if we had traded him without the restructure. 

 

I tried to edit the OP but can't, please ignore those numbers they are completely off.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • tukafan21
      T-Mac Jerseys?

      By tukafan21 · Posted

      lol well that kinda ended up working out in the end, even though I still don't have my jersey yet. Was supposed to ship by tomorrow this time, but just got another email saying it was delayed another 3 weeks and because it's been delayed so long, I had to tell them to keep the order or cancel it, but gave me a 25% off my next order as an apology. Well, my original fear came true and they are now selling the FUSE version (but still not the Blue unfortunately) before the one I ordered was ever shipped. But that's awesome, because I was able to use that coupon to order the FUSE instead and then cancelled the original order.  So I got the jersey I wanted for only $6.30 more than the crappier version costs, and it also says it will be shipped immediately and get here early next week, or 2 weeks before the other was now supposed to be shipped out.
    • Captain Morgan
      Player Led culture vs Staff Led

      By Captain Morgan · Posted

      I've watched this and think we are well underway.  Believe it or not, Bryce is a big part of this.  The way he bounced back with such grace.  And we've got a lot of young players who want to make their mark, Dave is giving them an opportunity.  I loved our draft.  I like the number of guys we brought in, and they will help build the culture we want under Dave.  We're getting closer, and I think we'll see more wins this year than most of the board. The right culture breeds winning, and winning builds the right culture.  Imho, it's coming.  
    • frankw
      Player Led culture vs Staff Led

      By frankw · Posted

      As others have said it's both. One creates the other. But it also takes time sometimes years. And there have been teams lately with new car smell coaching staffs that looked like they were putting it together quickly but things came crashing back down to Earth. Sustainability is the key. For that to happen the meddling of our owners has to stop and they cannot be tempted to return to their ways over any bump in the road either.
×
×
  • Create New...