Skins close with Samuels

JoeRedskin · 02-28-2005, 11:13 AM

Also, because of the cap structure, the 15M "Bonus" to Samuels is simply paying him what's currently on his contract in salaries the next two years. By extending, we spread the 15M hit over 7 years (depending on a new CBA) instead of 2 years. So by giving Samuels a big SB but spreading it out, we actually lessen the amount of cap space he takes up. With Smoot, as he is an unrestricted free agent, anything he gets is new money against the '05 cap (Again, however, his SB would be spread out over the length of his contract).

02-28-2005, 11:13 AM	#16
JoeRedskin Contains football related knowledge Join Date: Mar 2004 Location: Second Star On The Right Age: 61 Posts: 10,401	Re: Skins close with Samuels Also, because of the cap structure, the 15M "Bonus" to Samuels is simply paying him what's currently on his contract in salaries the next two years. By extending, we spread the 15M hit over 7 years (depending on a new CBA) instead of 2 years. So by giving Samuels a big SB but spreading it out, we actually lessen the amount of cap space he takes up. With Smoot, as he is an unrestricted free agent, anything he gets is new money against the '05 cap (Again, however, his SB would be spread out over the length of his contract).

Skins close with Samuels

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