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I know, but it's usually the first thing people bring up. He had such a small signing bonus that you are correct when you say it will happen a few more times.
I thought he signed a 10 year deal awhile back? Either way, the money difference between 5 and 8 years is minimal.
This contract was solely for the purposes of restructuring it when the the team needed the cap room.
They could free up another $7M next year and it still be reasonable for future years.
By 2016, Smith will have made his guaranteed money and then some which is why a similar contract was offered to Bryant because restructuring only makes sense for guys that will be with your club long term.
The problem is that agents/players only look at deals from a 3 yr perspective and the guaranteed money. If they look at with the assurances that Dallas will restructure them then they will hit those guaranteed amounts and then some, plus they will be there longer than the 3 yrs.
I thought he signed a 10 year deal awhile back? Either way, the money difference between 5 and 8 years is minimal.
So that begs the question, who was the money created for?
who are we signing? i hope its Hardy.
who are we signing? i hope its Hardy.
So, a reasonable progression of events thus far. Free re-signed, Smith restructured.
What's next? I'd probably expect a decision with Carr made in the next week or so.
Estimate of the changes to compare. I used the 2014 minimum which is probably slightly different and I rounded up to 2 million each year prorated so it's not exact.
Year Base Salary Signing Bonus Cap Hit Dead Cap
2014 $1,079,013 - $3,897,018 $4,976,031 $24,015,031
2015 $11,039,000 $2,000,000 $13,039,000 $19,039,000
2016 $10,000,000 $2,000,000 $12,000,000 $6,000,000
2017 $10,000,000 $2,000,000 $12,000,000 $4,000,000
2018 $10,000,000 $2,000,000 $12,000,000 $2,000,000
2019 $10,000,000- - - - - - - - -$10,000,000 -
2020 $10,000,000 - - - - - - - - -$10,000,000 -
2021 $10,500,000 - - - - - - - - -$10,500,000 -
2022 $13,500,000 - - - - - - - - -$13,500,000 -
2023 $13,600,000 - - - - - - - - -$13,600,000 -
2024 UFA
Year Base Salary Signing Bonus Misc Bonus Cap Hit Dead Cap
2014 $1,079,013 - $3,897,018 - - - - - - - - - $4,976,031 $24,015,031
2015 $1,079,013 - $2,000,000 $2,000,000 $5,079,000 $29,039,000
2016 $10,000,000 $2,000,000 $2,000,000 $14,000,000 $14,000,000
2017 $10,000,000 $2,000,000 $2,000,000 $14,000,000 $10,000,000
2018 $10,000,000 $2,000,000 $2,000,000 $14,000,000 $6,000,000
2019 $10,000,000 - - - - - - - - -$2,000,000 $12,000,000 $2,000,000
2020 $10,000,000 - - - - - - - - - - - - - - - - - $10,000,000
2021 $10,500,000 - - - - - - - - - - - - - - - - - $10,500,000
2022 $13,500,000 - - - - - - - - - - - - - - - - - $13,500,000
2023 $13,600,000 - - - - - - - - - - - - - - - - - $13,600,000
2024 UFA
who are we signing? i hope its Hardy.
Bonus money can only be spread over 5 years.
per 1053 The Fan
Frees up $8M in cap room
Amazing how at his age Jerry Jones keeps up with all of this.