waldoputty
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A lot of us were raised to be thrifty.
As we enter our beautiful contending window, the Cowboys of 2016, 2017 should not adhere to that old adage.
Our cap is in great shape, the anticipated 7M shortfall next season is tiny and is almost cancelled out by the savings this year.
We are now entering our window because the offense is literally explosive.
We have the best OL, a top young cheap QB who will stay cheap for 4 total years, the top RB, a top 5 WR, an ageless TE who can move the sticks, a slot WR who is the leading receiver and great at moving the sticks.
We only have 1 huge hole in the team - a RDE edge rusher that will get the opposing QB off his rocking chair.
Many has opined on what to spend the money on.
There is the DE need and we should spend multiple resources on it - FA DE, and probably multiple high draft picks.
A year in the window is a precious thing to waste.
The current window is 3-5 years long in Prescott's anticipated 10-15 year career.
There will be multiple windows with a lean year(s) between them because of the limited life of certain players e.g. Zeke, Dez, and even longevity OL can get injured.
Most of us are aware the team has many FA next year, including WR2, WR4, CB1, CB2, leading DT, starting LG (cheap replacement in Collins).
HOWEVER, these needs can easily be addressed by our cap structure.
How can we have the cake and eat it too?
@bkight13 talked about this - we can easily open up $30M in cap space by restructuring top 5 contracts.
In fact $50M can be made available, though not needed.
With this much money, we can resign whoever we want AND add a FA DE if one is to be had.
As many of you are well aware, it is because of the salary structure of long term contracts.
For example, TSmith's contract is built for annual restructuring for creating cap space.
Here is a simple example for player X with a 50M 5 year contract and $9M signing bonus:
Year -----Year 1-------------Year 2---------------Year 3--------Year 4-----------Year 5
Base -----$1M -----------------$10M------------$10M-----------$10M-----------$10M
Bonus----$2M -----------------$2M--------------$2M-------------$2M------------$2M
Cap hit----$3M-----------------$12M------------$12M-----------$12M------------$12M
In year 2, to open up cap space, you restructure the contract with a $8M restructure bonus and while reducing year 2 salary to $2M:
Year -----Year 2---------------Year 3--------Year 4---------Year 5
Base -----$2M------------$10M-----------$10M-----------$10M
Bonus----$2M -------------$2M--------------$2M-------------$2M
Restru---$2M--------------$2M-------------$2M--------------$2M
Cap hit----$6M------------$14M------------$14M-----------$14M
You can say $6M is pretty big for a restructured contract.
The reason it is $6M is that I did not cut the base salary to $1M because the math is more cumbersome.
It could easily be $5M.
Cap experts can probably do better also, but this is my little attempt.
@bkight13 please chime in if I did something wrong.
Built-in Escape Hatch
You can also argue that as you keep restructuring, the $ keep rising and sooner or later it will blow up.
That is true, but we have a built in escape hatch because Romo/Witten/Dez will retire within a couple years.
That would be the down year(s) between the contending window.
That would get us the higher draft pick(s) and reset the salary cap escalation.
With Romo/Witten retirement, it needs to happen one year before Dak's first big contract which is due in 2020.
I think most of us would agree Witten and Romo will be gone by 2019.
As we enter our beautiful contending window, the Cowboys of 2016, 2017 should not adhere to that old adage.
Our cap is in great shape, the anticipated 7M shortfall next season is tiny and is almost cancelled out by the savings this year.
We are now entering our window because the offense is literally explosive.
We have the best OL, a top young cheap QB who will stay cheap for 4 total years, the top RB, a top 5 WR, an ageless TE who can move the sticks, a slot WR who is the leading receiver and great at moving the sticks.
We only have 1 huge hole in the team - a RDE edge rusher that will get the opposing QB off his rocking chair.
Many has opined on what to spend the money on.
There is the DE need and we should spend multiple resources on it - FA DE, and probably multiple high draft picks.
A year in the window is a precious thing to waste.
The current window is 3-5 years long in Prescott's anticipated 10-15 year career.
There will be multiple windows with a lean year(s) between them because of the limited life of certain players e.g. Zeke, Dez, and even longevity OL can get injured.
Most of us are aware the team has many FA next year, including WR2, WR4, CB1, CB2, leading DT, starting LG (cheap replacement in Collins).
HOWEVER, these needs can easily be addressed by our cap structure.
How can we have the cake and eat it too?
@bkight13 talked about this - we can easily open up $30M in cap space by restructuring top 5 contracts.
In fact $50M can be made available, though not needed.
With this much money, we can resign whoever we want AND add a FA DE if one is to be had.
As many of you are well aware, it is because of the salary structure of long term contracts.
For example, TSmith's contract is built for annual restructuring for creating cap space.
Here is a simple example for player X with a 50M 5 year contract and $9M signing bonus:
Year -----Year 1-------------Year 2---------------Year 3--------Year 4-----------Year 5
Base -----$1M -----------------$10M------------$10M-----------$10M-----------$10M
Bonus----$2M -----------------$2M--------------$2M-------------$2M------------$2M
Cap hit----$3M-----------------$12M------------$12M-----------$12M------------$12M
In year 2, to open up cap space, you restructure the contract with a $8M restructure bonus and while reducing year 2 salary to $2M:
Year -----Year 2---------------Year 3--------Year 4---------Year 5
Base -----$2M------------$10M-----------$10M-----------$10M
Bonus----$2M -------------$2M--------------$2M-------------$2M
Restru---$2M--------------$2M-------------$2M--------------$2M
Cap hit----$6M------------$14M------------$14M-----------$14M
You can say $6M is pretty big for a restructured contract.
The reason it is $6M is that I did not cut the base salary to $1M because the math is more cumbersome.
It could easily be $5M.
Cap experts can probably do better also, but this is my little attempt.
@bkight13 please chime in if I did something wrong.
Built-in Escape Hatch
You can also argue that as you keep restructuring, the $ keep rising and sooner or later it will blow up.
That is true, but we have a built in escape hatch because Romo/Witten/Dez will retire within a couple years.
That would be the down year(s) between the contending window.
That would get us the higher draft pick(s) and reset the salary cap escalation.
With Romo/Witten retirement, it needs to happen one year before Dak's first big contract which is due in 2020.
I think most of us would agree Witten and Romo will be gone by 2019.
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