Ferguson and Rivera

Discussion in 'Fan Zone' started by SDogo, Mar 2, 2006.

  1. SDogo

    SDogo Not as good as I once was but as good once as I ev

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    Are restructuring their contracts according to Nick Eatman. Is this a cap saving move or is Dallas just trying to get back something for the lack of production. How much could they really save us?
  2. Yeagermeister

    Yeagermeister Active Member

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    $4.8 mil each from what I remember Adam saying
  3. VirusX

    VirusX Well-Known Member

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    They are saving cap space because we are going to make some major signings in the FA market.
  4. Eskimo

    Eskimo Well-Known Member

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    I think it has something to do with NLTBE incentives written into their contracts. I think they normally don't count against the cap but because of the expiration of the CBA, they will now count against the cap.

    They are really of no financial significance to the players - just some accounting tricks going on.
  5. AdamJT13

    AdamJT13 Salary Cap Analyst

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    The Cowboys put bogus $4.8 million LTBE incentives into their contracts for 2006. (I'm not sure, but I think it was based on some ridiculous amount of special teams playing time.) It was money they'd obviously never earn, but because of the 30 percent rule, it raised the amount by which their salaries could increase each season after 2006.

    Many teams used this device to comply with the 30 percent rule, thinking that when the CBA was extended and the 30 percent rule no longer applied to 2006, they'd just remove the incentives. Some contracts, including those of Rivera and Ferguson, even stated that the incentive would be voided if the CBA was extended. But because the CBA hasn't been extended -- which nobody really expected -- the contracts have to be restructured to comply with the 30 percent rule while also removing the bogus incentives (which count against the cap). Fortunately for the Cowboys, the restructuring necessary to get those two contracts to comply is minimal and can recoup almost all of that $9.6 million in bogus cap charges.
  6. DaBoyz73

    DaBoyz73 Member

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    This is excellent news!
  7. DrunkWithPower

    DrunkWithPower Active Member

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    So how much money should we have now that the contracts are being reworked and Glover has been released (along with the players such as Blade, etc)?
  8. AbeBeta

    AbeBeta Well-Known Member

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    Props to AdamJT -- he's been talking about this move for MONTHS now while supposedly knowledgeable writers have been saying we were 2 mill over the cap.
  9. big dog cowboy

    big dog cowboy THE BIG DOG Staff Member

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    Whoever came up with this is a genius. Stephen Jones?
  10. AbeBeta

    AbeBeta Well-Known Member

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    I think tons of teams do this. It is a pretty common loophole.
  11. speedkilz88

    speedkilz88 Well-Known Member

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    Other teams do it too.
  12. SDogo

    SDogo Not as good as I once was but as good once as I ev

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    Thanks Adam. Great work!
  13. sago1

    sago1 Active Member

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    We also need Dat to formally retire before Monday; if he doesn't the Cowboys can simply put him on the retirement list. That will give us an additional $1.8M. Combine that with Glover's $6M, restructure Riveria & Ferguson contracts each for a total of $9.2M and we talking about $17M cap savings. Since we were already $3M under the cap that means we about $20M under the cap.

    Wouldn't be surprised if the Cowboys don't bring Campbell back if they believe he can't regain his previous blocking skill. No mention of cutting Singleton so we probably hang on to him and see how things develop in FA & the draft. If we add a vet LB, particularly one like Cowart who familiar with 3-4, then Singleton might be in trouble.

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