SmootSmack
02-21-2008, 04:19 PM
Looks like he's agreed to the vet min :)
Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000
NFL Players Association - Resources - Active Player Search (http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=26979)
Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs
We should be out of the red very soon now, who else is left to restructure?
EARTHQUAKE2689
02-21-2008, 04:21 PM
Talk about a guy who never complains just comes in and does his job (when he is healthy) I will give it 5 minutes before Schneed fills us in with all his cap wisdom
EARTHQUAKE2689
02-21-2008, 04:22 PM
We should be out of the red very soon now, who else is left to restructure?
A partridge in a pear tree?http://www.thewarpath.net/images/icons/icon12.gif No but I would think maybe Griffin or Samuels if they havent already
steveo395
02-21-2008, 04:26 PM
I could be wrong, but I think this saves about $3.2 million
EARTHQUAKE2689
02-21-2008, 04:39 PM
Really how much money do we have now?
Skins4Life101
02-21-2008, 04:50 PM
he should restructure. Hell, he's been injured 2 of the past 3 seasons...
damn right...
SkinsFanSince91
02-21-2008, 04:51 PM
Looks like he's agreed to the vet min :)
Seriously though, according to this he's restructured his 2008 salary down from around $5 million to $730,000
NFL Players Association - Resources - Active Player Search (http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=26979)
Haven't really had a chance to look at the overall cap ramifications. I'll leave that to the brainiacs
Praise the Lord!!!
Some cap relief. He may not come when you want HIm, but He is always right on time...lol
hooskins
02-21-2008, 04:56 PM
So we are around 5 to 8 mil in the red now right?
Schneed10
02-21-2008, 04:57 PM
Start: $20.4 million OVER cap
Potential Roster Cuts:
Phillip Daniels - $3.0 million saved
Shawn Springs - $2.5 million saved
Pete Kendall - $1.8 million saved
Todd Wade - $700K saved
Total Savings for Cuts: $8.0 million
Keeping These Players, Restructuring 2008 Base Salary, Prorating over Remaining life of Contract:
Randy Thomas - $3.7 million saved - EXECUTED
Clinton Portis - $3.2 million saved
Jon Jansen - $3.2 million saved - EXECUTED
Chris Samuels - $2.8 million saved
Cornelius Griffin - $2.6 million saved
Santana Moss - $1.9 million saved
Casey Rabach - $1.4 million saved
Total Salary Restructure Savings: $18.8 million
Keeping These Players, Restructuring 2008 Roster Bonuses, Prorating over Remaining life of Contract:
Ladell Betts - $1.7 million saved
Clinton Portis - $0.4 million saved
Chris Cooley - $9.2 million saved - EXECUTED
Andre Carter - $1.9 million saved - EXECUTED
Antwaan Randle-El - $1.2 million saved - EXECUTED
Total Bonus Restructure Savings: $14.4 million
AFTER EXECUTED TRANSACTIONS: $0.8 MILLION OVER
Looks like Jansen's restructure was exactly what I was expecting, a simple restructuring of base salary into the form of signing bonus. The cap savings this year will be $3.2 million.
Ethan Albright was resigned as well, but has little to no effect on the cap. His cap number bumps another guy out of the top 51, and the difference between his cap figure and the 52nd player's is minimal.