Didn't they already pick up the 5th year option? He's scheduled to count 17.9M next year. That's not part of his rookie deal.
Correct, that is his 5th year option that was already excercized, at 17.9.
We can actually lower that hit by signing him to an extension, we can structure it in a way that his first year cap hit is reduced.
For example, if we signed him to a 5 year, 150 deal, with 30 mil signing bonus, he does NOT cost 30 in cap space in year 1.
We could structre it for him to count as little as 7 (doubt we'd go that low but we could). That could get us as much as 11 mil in gained cap space.
Also, since he is so young, we can expect him to remain productive for the term of his deal, so his contract will become a restructure target each year when we need to fee up space, turning salary into signing bonus and lowering his hit.
I'm expecting something like 5 years, 150. We'd actually be lucky with that.
While I agree that Hill is slightly above CeeDee IMO, and his deal is 30APY, agents look at things differently.
An agent says Hill's deal was signed 2 years ago, and the cap was lower, so we want the same % of the cap that Hill got, which is likely more like 35 in today's money. I'm not saying I agree, just that that is how agent's reason. So I think we'd be fortunate with CeeDee at 5/150. Jefferson and Chase's new deals will only reset the market, better to get CeeDee done now if we can.