Orton's contract -- five years, not three

[AdamJT13]

Although several media reports said that Kyle Orton's contract was for three years and $10.5 million, it's actually a five-year, $17.5 million contract that voids to three years.

This difference means that his cap number this season is $1.9 million instead of $2,566,667 -- a savings of $666,667 in cap room.

 

[Hostile]

This gets better every hour.

 

[wittenacious]

What does it mean to have a contract that voids to 3 years? Does that mean years 4 and 5 are at the Cowboys option, being able to cut Orton after 3 years at their sole discretion, with no cap hit or other negative effect?

 

[Arch Stanton]

Todd Archer ‏ @toddarcher Close
Brandon Carr's deal is 6 years that voids to five. Don't know the base salary in that last year of deal.

 

[AdamJT13]

What does it mean to have a contract that voids to 3 years? Does that mean years 4 and 5 are at the Cowboys option, being able to cut Orton after 3 years at their sole discretion, with no cap hit or other negative effect?

I don't have the details on what triggers the voidable years in his contract (yet), but in most cases, it's fairly automatic. The voidable years are included just so the signing bonus can be prorated over more seasons (five years is the maximum proration).

 

[AdamJT13]

Todd Archer ‏ @toddarcher Close
Brandon Carr's deal is 6 years that voids to five. Don't know the base salary in that last year of deal.

That wouldn't affect his cap number this year, because his bonus can be prorated over only five seasons. It will help next year, however, when we convert most of his base salary to a signing bonus, because we can prorate that bonus over five seasons, too, instead of four.

 

[AdamJT13]

Todd Archer ‏ @toddarcher Close
Brandon Carr's deal is 6 years that voids to five. Don't know the base salary in that last year of deal.

Carr's base salary in the voidable year is $10 million. So it's a six-year, $60.1 million contract that voids to five years and $50.1 million.

 

[sonnyboy]

That wouldn't affect his cap number this year, because his bonus can be prorated over only five seasons. It will help next year, however, when we convert most of his base salary to a signing bonus, because we can prorate that bonus over five seasons, too, instead of four.

Thanks Adam. I did not know signing bonuses can only be prorated over 5 years.

That's interesting as is what you mentioned about converting future annual salaries into SBs to be prorated. This answers a few questions I've had for some time.

 

[wittenacious]

I don't have the details on what triggers the voidable years in his contract (yet), but in most cases, it's fairly automatic. The voidable years are included just so the signing bonus can be prorated over more seasons (five years is the maximum proration).

Thanks, Adam.

 

[Doomsday101]

Although several media reports said that Kyle Orton's contract was for three years and $10.5 million, it's actually a five-year, $17.5 million contract that voids to three years.

This difference means that his cap number this season is $1.9 million instead of $2,566,667 -- a savings of $666,667 in cap room.

Adam like many respect your insight to this matter

can you tell me how accurate or not this information is

http://www.spotrac.com/nfl/dallas-cowboys/

 

[Wulfman]

Adam like many respect your insight to this matter

can you tell me how accurate or not this information is

http://www.spotrac.com/nfl/dallas-cowboys/

I don't know how accurate that site is, but I want Jeremy Pernell's job. Be active for every game so you get credit for it, but never have to play and cash a $540K paycheck. Not bad if you can get it.

 

[AdamJT13]

Adam like many respect your insight to this matter

can you tell me how accurate or not this information is

http://www.spotrac.com/nfl/dallas-cowboys/

Some of them are accurate. Most of them are not.

 

[Doomsday101]

I don't know how accurate that site is, but I want Jeremy Pernell's job. Be active for every game so you get credit for it, but never have to play and cash a $540K paycheck. Not bad if you can get it.

Right around the rookie minimum. NFL pays even for guys who sit on the bench.

 

[TellerMorrow34]

Sounds good.

I'm really happy about the Orton signing. I don't know how much that signing means to a lot of other people but having a quality QB like that to back up Romo is very good. I'm quite pleased by it.

 

[RS12]

Peter King ‏ @SI_PeterKing Reply Retweet Favorite · Open
Evidently the Cowboys were desperate for Kyle Orton. Paying him $5.9m in first year of 5-year deal.

 

[RS12]

Thats alot of money for a backup QB this year if this is true. OTOH I'd hate to through 14 games with McGee as starter if need be.

 

[SDCowboy]

It's not actually a five year deal. It's only for three. The last two get dropped.

 

[Chocolate Lab]

It's not actually a five year deal. It's only for three. The last two get dropped.

That's why he mentioned the first year... And that is a lot.

 

[Cowboyz88]

Evidently the Cowboys were desperate for Kyle Orton. Paying him $5.9m in first year of 5-year deal.

'09 Draft strikes again.

Looking in your direction Stephen McGee and those responsible for drafting you.

 

[SDCowboy]

That's why he mentioned the first year... And that is a lot.

What's stupid is he's making more than Romo this year...Only the Cowboys would pay the backup more than the franchise QB.