That’s the problem with a deal like this.
Helps now but in the same spot in 2-3 years
Strap in.... I know the Sportrac isnt geared towards ourselves and WE wont/cant give him 3 year (if he's extended it would be long term).....but wanted to know how that contract could actually look in respect of the CAP.
I'm picking on your good self as ive kind of understood your past explanations on the CAP, ).....can I ask yourself (or any other CAP Guru, I may not of read please feel free to contribute, ill put in list form as it's easier for me to try and understand.....
Existing Contract
1) So we still owe Dak $62m in prorated signing from the last contract?
2) Am I correct in thinking we can spread that over a further 5 year period (on Dak signing an extension)?
3) If its the case we're going to be on the hook for nearly $12.5m per (the 3 years, and presumably 2 Void years added on to take on the Bonus)?
Extension (based on the Sportrac estimate of $169m/3 Guaranteed Money)
1) We'd have basically two options:
a) Max out Signing Bonus - league min salary.
b) Mix Signing Bonus and Salary (
2) Option a) so we pay $1.75m (odd) salary and spread the whole $169m as Signing Bonus over 5 years (big pay day for Dak) = $34m (spread over each and every year). Adding the $12.5m carried over from last contract =
$46.5m Per CAP hit. This doesnt give any wiggle room, moving forward to restructure.
3) Option b) we pay Signing Bonus of $70m (to give Dak money in pocket) and Salary of 2024: league min, 2025= $50m, 2026= $50m....which gives hits of:
2024 = $14m (prorated) + $12.5m (carried over) =
$26.5m ,
2025 = $50 salary + $14m (prorated) + $12.5m (carried over) =
$76.5m (however)........ I suppose we could add another Void Year(arent you allowed to spread over 5 years with each restructure??) and keep kicking the salary into Prorated Bonus Bonus.....this could lower 2025 CAP to
$36.5m,
2026 = $50m salary + $24m (prorated) + $12.5m (carry over) =
$86.5m .....suppose we could lower that (by prorating the salary again and add a another Void year) to =
$46.5m
2027 (Void payment) = realistically (because we cant afford $76.5m in 2025, if we kick the max, could be about
$100m, in Dead Money
ALL help greatly appreciated....interested novice.