Twitter: Cowboys restructure Scandrick/Lee contracts save $8.5mil

[Nightman]

Per Clarence Hill of the Fort Worth Star-Telegram, the restructured contracts freed up $8.5 million in cap space – $3.75 million from Scandrick and $4.75 for Lee.

I don't think he included the 2014 pro-rations in his math. It should only save 6.8m

 

[CyberB0b]

That's not how it works.

So converting non guaranteed base salary to guaranteed bonus isn't kicking the can down the road?

 

[Nation]

Oh no? Do enlighten us. A player isn't being guaranteed more money when he restructures?

Nope that's not what happens. When a player restructures he is having a portion of his base salary converted to bonus in that given year, with the "restructured" bonus amount spread over the life of the contract. So if Player A is scheduled to make $10M in 2014 and has 5 years remaining on his contract, and he restructured $5M in his salary, he would have a cap hit of $6M in that year (The 5M of his salary that remains, and 1M from the restructured 5M "bonus" that is now being amortized over 5 years instead of 1). The player still gets 10M in cash in the given year, it isn't pushed to future years. Just a portion of the accounting is.

When Ware was restructured it only added more future amortization, it didn't touch his base salary in future years. You can see from the below 2009 article that his 2014 salary was always 12M.


http://www.bloggingtheboys.com/2009/10/28/1104659/remedial-salary-capology-demarcus

 

[Nation]

So converting non guaranteed base salary to guaranteed bonus isn't kicking the can down the road?

It adds to the future cap number, but the "not how it works" part does apply to the 12M salary of Ware in 2014. That was always the case in the contract. His cap number (which includes amortized bonus from prior restructures) does figure into the kicking the can down the road analogy.

 

[Nightman]

Oh no? Do enlighten us. A player isn't being guaranteed more money when he restructures?

No he isn't. All they do is take what he is scheduled to make for 2014 and pay it right now as a lump sum signing bonus. The money stays the same, but more of out has to be accounted for in future years. It only has to be accounted for, they get every penny today. But that amount can be spread over the rest of his contract

 

[Manwiththeplan]

Oh no? Do enlighten us. A player isn't being guaranteed more money when he restructures?

He's right, you're definitely wrong. Restructuring does not raise the base salary

 

[Manwiththeplan]

That's not counting Costa (yet), which is another $1.5M.

Due to the rule of 51, I think it will be slightly less. While cutting Costa saves $1.5 mil, another player takes their place, which likely results in $1 million in savings.

 

[manster4ever]

China Doll Lee

yep....heckuva nice guy and VERY good player when healthy but he's just hurt too much. Similar to Spencer overall...solid when healthy, which wasn't often enough

 

[gmoney112]

Chicancerous and deplorable. We added 1.8m to the cap until 2018, and a little over 900k for 2019, to save 6.8m this year.

We are doomed.

 

[gmoney112]

This means that both contracts are now heavy towards the tail end, right? Seems like we never learn. Lee's contract especially is a little scary. Ware didn't end up with a 12m base salary as part of the original deal he signed, the management did that themselves with all the damn restructures and are now trying to act like the guy owes the team money back.

Yes he did. He knew that if he didn't perform at the historical "Ware" level this year would be the year it'd come to a head, so it shouldn't really be a surprise.

And neither contract is towards the "tail end". Both Lee and Scandrick recently signed their new contracts so it's a perfectly even distribution, and the amount is Phil Costa worthy so I wouldn't really worry too much, especially with the cap going up over the next few years. It's not a big deal.

 

[Nightman]

Chicancerous and deplorable. We added 1.8m to the cap until 2018, and a little over 900k for 2019, to save 6.8m this year.

We are doomed.

We are now only 132m under the projected 2018 cap

 

[SilverStarCowboy]

See a deal coming. Sidney Rice for the Vet Min. and letting Miles walk, Ware will negotiate and Dallas lands the best Safety/DL on the Free Agency Market.

It could happen.

 

[neosapien23]

If and when Dallas restructures Romo, they should be over the cap. I really hope they cut Miles Austin and just take the full cap hit to relieve the cap hit for next year. That would free up even more money for Dez and Tryone who will command big money. I also hope the don't restructure Carr this year so they can try and get him to take a pay cut next year. While I don't want him gone from Dallas, his base salaries are outrageous. While it is not his fault that he restructured and will have higher signing bonus caps, I would like to see the team drop his base salaries to 5 million a year. That would be fair for both sides, but Dallas has no leverage as his cap number would be crippling if cut this year. Next year he can be cut for a savings of 566,000 which isn't much but the team would have more leverage to have him lower his base.

 

[DallasDW00ds0n]

A couple more restructures and releases frees up a good chunk of money. We can possibly make some small free agent moves. Especially the fact jerry said we are in win now mode

Opposed to win later mode. Jerry is a doof

 

[Fredd]

the thing is, they can be in win now AND win later mode if the GM would get his head out of his backside

 

[TheCount]

No he isn't. All they do is take what he is scheduled to make for 2014 and pay it right now as a lump sum signing bonus. The money stays the same, but more of out has to be accounted for in future years. It only has to be accounted for, they get every penny today. But that amount can be spread over the rest of his contract

I stand corrected on the base salary part. We should restructure everyone, since there is apparently no down side.

 

[Nightman]

I stand corrected on the base salary part. We should restructure everyone, since there is apparently no down side.

Good to see that you have come around. As the Count you should be good with numbers...One....Two....Three...

 

[TheCount]

Good to see that you have come around. As the Count you should be good with numbers...One....Two....Three...

As The Count, I am very impressed.

 

[xwalker]

If and when Dallas restructures Romo, they should be over the cap. I really hope they cut Miles Austin and just take the full cap hit to relieve the cap hit for next year. That would free up even more money for Dez and Tryone who will command big money. I also hope the don't restructure Carr this year so they can try and get him to take a pay cut next year. While I don't want him gone from Dallas, his base salaries are outrageous. While it is not his fault that he restructured and will have higher signing bonus caps, I would like to see the team drop his base salaries to 5 million a year. That would be fair for both sides, but Dallas has no leverage as his cap number would be crippling if cut this year. Next year he can be cut for a savings of 566,000 which isn't much but the team would have more leverage to have him lower his base.

It does not really matter if they restructure Carr or not. If he is on the team, it adds 7.5M to the cumulative multiple year cap total regardless of whether the 7.5M is his base salary or he gets a 1M base with a 6.5M restructure bonus.