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

[panther4life]

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.

[Growl]

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

[Growl]

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.

[KendrickPanther]

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

[1989]

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.

[rayzor]

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.

[SmashNDash]

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.

[rayzor]

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.

[SCP]

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

[jtnc]

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.

[panthers55]

If he continues to improve in this defense, we will be glad we agreed to a 2 year contract. He really played well all things considered last year. I think getting him back was crucial to stabilizing the line. We need to build on his performance last year and find a NT that can plug the middle. Then we would have a very good line and front seven.

[jdpanther5]

I covered the minimum salary benefit in a couple other threads.

OP even PIE'd me in one of them. Stealing my thunder ;)

[iamhubby1]

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

i like this cap benefit.

...................................

I am on the Cole train…He was pretty good pre injury. It has been a year and a half since. Maybe he is healthy and can contribute? Another point to consider. Signing Cole was the first thing Gettlemen did. Gives me the idea Gettlemen wanted him badly.

I can’t wait for practices to start, because I anxious to hear how he is doing.

[SIGCHI222]

Regarding Adopt-a-Panter, and I repeat for the third time...can I please adopt Dwan now, of my own free-will rather than having to be first in line for him as I got "stuck" with him last year when all of the well-known guys were already gone?

He was mine by default last year and I want him again.

He is a steal at 1.8...he will not let any of us down.