P. Ram Restructures!

[backrow]

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.

[SmootSmack]

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.

[MTK]

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?

[RedskinRat]

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

[Gmanc711]

Originally Posted by Mattyk72

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.

[diehardskin2982]

Originally Posted by RedskinRat

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! 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.

[Redskins_P]

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

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

[SmootSmack]

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?

[MTK]

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.

[SKINSnCANES]

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

[Defensewins]

Correct me if I am wrong, but I thought 2006 was to going to our bad salary cap year. If so, then why back load contracts to a year we might have salary cap problems?
Is this another case of Snyder living for today and who cares about tomorrow?
Ramsey is proving to be a great team player.
Regarding Samuels, he better renegotiate. It is not like we have not shown him the money from day one. He was (something like) the 2nd pick in his draft class. His rookie contract was good. The guy needs to step up or we cut him. He is not worth $10M or whatever he is set to count.

[diehardskin2982]

Players don't like to restructure because not in all the situations they get the amount of money they would have goten in the original contract. Do you honestly think based on his performance brunnel would get even a quarter of what his original contract? No, he'd take a pay cut.

Don't get me wrong, restructuring does happen alot in the offseason, but those big ticket guys hate restructuring especially if they run the risk of losing they're position, the threat of being cut makes them do it.

[diehardskin2982]

Originally Posted by Defensewins

Correct me if I am wrong, but I thought 2006 was to going to our bad salary cap year. If so, then why back load contracts to a year we might have salary cap problems?
Is this another case of Snyder living for today and who cares about tomorrow?
Ramsey is proving to be a great team player.
Regarding Samuels, he better renegotiate. It is not like we have not shown him the money from day one. He was (something like) the 2nd pick in his draft class. His rookie contract was good. The guy needs to step up or we cut him. He is not worth $10M or whatever he is set to count.

They hope by that time the media contracts would have brought in more money raising the salary cap, it has to do with negotiations between the players association and the NFL i think also.

[CrazyCanuck]

This is beautiful. Now I have something to do today (not counting work).

I'll see if I can put some numbers together.

[BrudLee]

Originally Posted by Mattyk72

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.

In a simple restructure, you're right. It's simply guaranteeing as much of a year or two's salary by converting it into signing bonus, and then spreading the burden of that money onto future years. It also reduces the chance of a later release or trade, because there is additional bonus to accelerate.

I think one of the reasons Samuels was reluctant to restructure last year was that he wasn't sure the front office could be trusted with his money. I think we can all agree that the Redskins have made some... (retarded? imbecilic? suicidal?) questionable acquisitions in the past, overpaying for limited talent. He also had to have his questions about the direction of the team, and refusing to restructure kept the amount of accelerated bonus the team would eat lower than if he'd done so - giving him a greater chance of escaping the team if it appeared there wouldn't be the atmosphere he desired. That sounds kind of harsh, but given the instability surrounding the team, I can understand.