lspain1;1400611 said:
silverbear, I thought you took the players salary ($5 mil a year) and then prorated the signing bonus across the years (so about $2.5 mil a year) and added them together to make the single year cap hit. That makes the hit about $7+ mil by my math. What did I do wrong?
A 12 million dollar signing bonus over 5 years would be 2.4 mil per year against the cap...
Then we factor in base salaries-- they vary from year to year, but almost always the first year's base salary is at or near the veteran minimum...
This is done to less the cap hit in that first year, and because the player doesn't need a big base salary, having just banked a big signing bonus...
So IIRC the vet's minimum this year is around $750k... 2.4 million plus 750k would be 3.15 million in cap hit the first year...
Of course, that's a bit simplistic, and doesn't take into account that the 12 million dollar signing bonus might be a split bonus, part due now, part due in year 2 or 3 of the deal... that might work to lessen the first year cap hit even more...
Anyway, that's how a 5 year, 25 million dollar deal with a 12 million signing bonus might work out to not much more than a 3 million dollar cap hit in the first year of the deal...
