Byrd got a monster signing bonus paired with a minimum first year salary. Cap numbers on the deal will explode over time. Won't be worth it even if he is playing safety at a HOF level.
This is how I broke down Byrd's proposed contract. Was only off by about 4m, that would add about 1m to each year 3-6:
If they want to sign Byrd, here is a way to make it work. Give him 6yr/50m with
15m signing bonus and 24m
guaranteed.
Year .... Salary .... . Bonus....... Restr.... Cap Hit
2014 ....
1m .... ...... 3m ..... .... ............. .. 4m
2015 ....
8m(1.5m).. 3m .... ...... 1.3m ... . 5.8m(restructured)
2016 .... 3m .... ...... 3m .... ....... 1.3m ..... 7.3m
2017 .... 6m .... ...... 3m ..... .... . 1.3m .... 10.3m
2018 .... 7m .... ...... 3m ..... .... . 1.3m .... 11.3m
2019 .... 10m.... .... .... ..... ........ 1.3m .... 11.3m