Image: Cap Hit Breakdown of Supposed 4 vs 5 Year Offers to Dak

AmericanCowboy · May 20, 2020

Whirlwin said:
If you buy a new house. 30 year mortgage. You make one extra principal payment a year. That now becomes a 17 year mortgage. If you pay Prescott for four years. By the time the fifth year Comes around. Top quarterbacks will be making 40 to 50 million. It’s about inflated dollars. Pay the guy is worth it. And the dollars take care of them selves down the road.

what? Is this math legit?

actually asking.... I would much rather have a 17 year mortgage

BAT · May 20, 2020

AbeBeta said:
The only way Dak takes a five year is if there's another 2-3 mill a year as he'd be passing up a gigantic payday in year 5. So that would look like this.

Y1- 29M, Y2- 33M, Y3- 37M, Y4- 41M, Y5- 45M

Certain that this is what Dak wants, 29M vs. 27M first year and 45M vs. 42M his fifth year.

Franchise tag hold would pay Dak 31M this season, so bringing that number down as much as possible provides more FA signing opportunities for this season.

If I were Jerry, give him his 45M fifth year and bring down first year to 26M.

That gives Cowboys 5M more to their remaining 5M, so total of 10M to spend this season. 18M if Crawford contract is moved/waived.

jaythecowboy · May 20, 2020

Flamma said:
My wife figured this out. She was an accounting manager at Verizon. So even though I don't know the details, I know we weren't paying extra each month. I'm fairly certain it was an extra payment or two each year. This isn't new however. I remember this little trick being talked about going back decades.

I think I've heard of this before. Basically if you are paid bi-weekly your budget is generally based on two checks a month, but a couple times a year you get a third check in a month.

plasticman · May 20, 2020

DanA said:
Players get a 48% share of NFL revenue through the new CBA. What happens if there isn't salary cap inflation.....say for instance there is a pandemic which reduces revenue by 20-40% and we're looking at a QB market where they are getting paid a sizeable percentage less due to the first reduced salary cap ever in the NFL.

Don't underestimate the American male's desire to watch NFL football. All remnants of a quarantine will fade quickly around the time of the Hall of Fame game.

As many things as we've had to give up for now, giving up NFL football in any form is, how do you say it?..........Not on the table!!!!!

Don't wanna get warned, I will stop right there.

Flamma · May 20, 2020

jaythecowboy said:
I think I've heard of this before. Basically if you are paid bi-weekly your budget is generally based on two checks a month, but a couple times a year you get a third check in a month.

This really has nothing to do with paying off your mortgage.

jaythecowboy · May 20, 2020

Flamma said:
This really has nothing to do with paying off your mortgage.

If you use those paychecks making extra payments on your mortgage then you would pay it off quicker.

Flamma · May 20, 2020

jaythecowboy said:
If you use those paychecks making extra payments a on your mortgage then you would pay it off quicker.

No. It had nothing to do with our paychecks. Our mortgage started in 2000 for 30 years. I never had a bi weekly check until 2019. My wife until somewhere around 2010. It was just one extra mortgage payment a year. Keep in mind, over a span of 18 years it saved us about 10k. But we didn't have to go the whole 30 years. This plan is not new or exotic in any way. I'm 53 now and I have heard about the extra payment method back when I was in my 20s.

jaythecowboy · May 20, 2020

Flamma said:
No. It had nothing to do with our paychecks. Our mortgage started in 2000 for 30 years. I never had a bi weekly check until 2019. My wife until somewhere around 2010. It was just one extra mortgage payment a year. Keep in mind, over a span of 18 years it saved us about 10k. But we didn't have to go the whole 30 years. This plan is not new or exotic in any way. I'm 53 now and I have heard about the extra payment method back when I was in my 20s.

Oh ok. I must have misread it at first cause I thought you said you didn't make extra payments.

Whirlwin · May 20, 2020

AmericanCowboy said:
what? Is this math legit?

actually asking.... I would much rather have a 17 year mortgage

Just ask any banker. Yes it is correct.

Whirlwin · May 20, 2020

AmericanCowboy said:
what? Is this math legit?

actually asking.... I would much rather have a 17 year mortgage

The first three years of your mortgage. Is like 100% principal. So if your mortgage is $1000 a month. And at the beginning of every year you put an extra thousand dollars down .on the principal. And do it for 17 years that way. Goodbye mortgage. You save hundreds of thousands of dollars in interest

Whirlwin · May 20, 2020

Flamma said:
No. It had nothing to do with our paychecks. Our mortgage started in 2000 for 30 years. I never had a bi weekly check until 2019. My wife until somewhere around 2010. It was just one extra mortgage payment a year. Keep in mind, over a span of 18 years it saved us about 10k. But we didn't have to go the whole 30 years. This plan is not new or exotic in any way. I'm 53 now and I have heard about the extra payment method back when I was in my 20s.

I think it actually saved you over $100,000. In interest

Image: Cap Hit Breakdown of Supposed 4 vs 5 Year Offers to Dak

AmericanCowboy

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BAT

Mr. Fixit

jaythecowboy

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plasticman

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Flamma

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jaythecowboy

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Flamma

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jaythecowboy

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Whirlwin

Cowboy , It’s a way of life.

Whirlwin

Cowboy , It’s a way of life.

Whirlwin

Cowboy , It’s a way of life.