xwalker
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Trade conditional 2019 2nd round pick.
Here is the contract I would offer Thomas: 5 years, $67.5 million, $16 million signing bonus, $30 million guaranteed.
- If Thomas gets hurt and plays less than 8 games, pick downgrades to 2019 3rd round pick
- If Cowboys make Super Bowl and Thomas plays more than 8 games, pick upgrades to 2019 1st round pick
Cowboys have out after two years, with $9.6M Salary CAP hit
- 2018 - $1M salary + $3.2M prorated bonus = $4.2M salary CAP hit
- 2019 - $13M salary + $3.2M prorated bonus = $16.2M salary CAP hit
Cowboys have out after three years with $6.4M salary CAP hit.
- 2020 - $10.5M salary + $3.2M prorated bonus = $13.7M salary CAP hit (Salary Guaranteed if he's on the roster the 5th day of the NFL league year.)
This makes Thomas the highest paid safety in the NFL at $13.5M per season average. If they keep him 3 years, it is a 3-year, $40.5M deal. Thomas doubles his 2018 paycheck from $8.5M to $17M total in salary and signing bonus. If the Cowboys dump him after two years, he averages $15M per season. So the Cowboys have an incentive to keep him at least 3 years, until he's 31 years old. They can dump him before his 32nd birthday, and save $27M, with only a $6.4M CAP hit in 2021 (saving $10.3M against the CAP.) But if he keeps playing well, he's likely going to be a bargain at ages 32 & 33. Guys like Rod Woodson and Charles Woodson played well into their late 30's, so I think this is minimal risk.
- 2021 - $13.5M salary + $3.2M prorated bonus = $16.7M salary CAP hit
- 2022 - $13.5M salary + $3.2M prorated bonus = $16.7M salary CAP hit
In general it is not a good strategy to both give up a premium pick and pay big money to a player.
They could have signed the best FS in free agency any of the past few years and could in any upcoming years without giving up any picks.