P. Ram Restructures!

Patrick Ramsey restructures?????

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http://mb9.scout.com/fcpndhardcoref...cID=42238.topic


I don't know if the above will link, but I coppied it fromhailredskins.com.

According to Hail Redskins this is what the link says:

The full post:

Ramsey's new figures:

2005: Base salary dropped from $1.602M to the 4th-year minimum of $455,000
2006: Base salary INCREASED from $1.188M to $1.688M

This could be a couple things:

1. It could be a simple restructuring with his 2005 base salary being reduced from $1.602M to $455,000 with the difference being made up via a signing bonus, with the increase in 2006 due to an escalator (his 2005 base salary recently increased $500,000 from $1.102M to $1.602M because of an escalator, so another $500,000 escalator for 2006 would make sense). In this case, the $1.147M bonus he would receive would be prorated $573,500 for 2005 and 2006. Along with the $620,000 allocation from his 2002 rookie signing bonus and adjusted base salary, his 2005 cap number would be $1.649M, a savings of $573,000 from his previous 2005 cap number of $2.222M.

2. He could have reduced his base salary from $1.602M to $455,000 with SOME of the difference being paid via a signing bonus, and the rest being transferred to his 2006 base salary. In this case, he would have received a $647,000 signing bonus with the remaining $500,000 being pushed to his 2006 base salary. In this case, the $647,000 bonus would be prorated $323,500 for 2005 and 2006. Along with the $620,000 allocation from his rookie signing bonus and adjusted base salary, his 2005 cap number would be $1.399M, a savings of $823,000 from his previous 2005 cap number of $2.222M; this would save $250,000 more from his 2005 cap number than the first scenario, but would cost $250,000 more on his 2006 cap number.

Patrick steppin up to the plate, very nice to see guys we didn't expect to restructure take one for the team.

Chris Samuels where are you in all this? Mark Brunell?

All the players should play for a league established minimum and rely on bonus escalator. Of course I'm not a pro athlete

Patrick steppin up to the plate, very nice to see guys we didn't expect to restructure take one for the team.

Chris Samuels where are you in all this? Mark Brunell?


Seriously. You got Ramsey and Jansen steppin up, showing their leadership on the team, that they are willing to take one for the team. Wynn proving he is a team player and taking a cut; very nice to see.

Note to Samuels and Brunell; neither of you are worth what you're paid. You dont have to take millions and millions of dollars away from yourselves. Every little bit helps out, take one for the team. Brunell ..43 Million?? For what, exactly. Just give back a few million and it will ale be good.

Very nice, Patrick, Jon and Renaldo.

All the players should play for a league established minimum and rely on bonus escalator. Of course I'm not a pro athlete

yeah ur not a pro athelete! :laughing- Players are just like every other man in this world, on a paper chase. and they like I, they wouldn't take a league min for sh#$ especially if they were a bust like brunnel.

Wow, this is great. Nice start to our offseason.

It would be awesome if Brunell restructured, by then again that's wishful thinking.

When players restructure they're not necessarily taking paycuts are they. Aren't they just moving around how the money will be distributed to them?

What I don't understand is why would a player NOT want to restructure?

Correct me if I'm wrong, but the basics of it is the player gets a bonus up front, which is guaranteed money in the bank in exchange for lowering their base figures for X amount of years.

Are they potentially losing any money by doing this?? After all, the only guaranteed money in these contracts are the bonuses, so I would think players would jump at these opportunities.

I'm sure there's a reason players sometimes balk at restructuring, I just understand why.

this is all very encouraging for next year. It looks like Gibbs is really making a huge impression on these players and promoting the team spirit. HAIL TO THE REDSKINS!!

Its been along road for all of us fans, but you cant help but beleive we are finally on the right track