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Originally Posted by FRPLG
I know the deadline to extend contracts has passed. Not that they can't sign an extension but that anything they sign goes toward the cap in the future. Not sure about rolling a bonus in for this year though. Seems like a significant loop hole though.
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I didn't know the deadline to extend has passed. I'm pretty sure they can still extend anytime, but you may be right that any new extensions will not be able to stick money under 2004, only the future. Hard to keep track of all the rules.
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Originally Posted by FRPLG
Samuels has already received the signing bonus. So no matter what we do that 5.8 goes somewhere on the cap. But if an extension is signed doesn't it get prorated just like any new signing bonus would? Meaning that if he signs a 7 year restructure then the original 5.8 goes over the 7 years...not just on first year of a new deal.
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Right now the $5.8M is split evenly over 2005 and 2006. If Samuels voids 2006, the entire $5.8M counts against 2005. If Samuels renegotiates a new deal, I'm pretty sure that any "old" signing bonus comes due immediately, so the $5.8M all counts against 2005. I showed this in my "scenario B" calculation under "deadcap".
PS - Thanks to all for the positive feedback!