Cooley Restructures

[Monkeydad]

Originally Posted by hooskins

Thats 8mil right there, and expect more of this to come. Are people still worried about cap hell?

With Dan Snyder taking care of the cash, we're NEVER in cap trouble.

Thanks Cooley, for being a team guy.

[dmek25]

Originally Posted by Buster

With Dan Snyder taking care of the cash, we're NEVER in cap trouble.

Thanks Cooley, for being a team guy.

why i agree with Cooley being a team guy, this kind of move doesn't really mean that. all it means is that Cooley's money is guaranteed. not a whole lot of guaranteed money in the nfl

[BrunellMVP?]

Originally Posted by Buster

With Dan Snyder taking care of the cash, we're NEVER in cap trouble.

Thanks Cooley, for being a team guy.

what's "team" about getting more money guaranteed?

[Ruhskins]

Originally Posted by BrunellMVP?

what's "team" about getting more money guaranteed?

Changing his contract to get under the cap so the team can get more players. I know it's no sacrifice or anything like that, but not all players do it.

[CrazyCanuck]

I just updated the cap sheets. Matty will post them in the next day or two when he's done locking duplicate threads.

I included the restructures of Thomas, ARE, and Carter. I've already accounted for Cooley's restructure but my numbers may be slightly off.

I have us at $8.75M in the red, but I still have Brunell on the roster and cutting him will save about $3.5M, bringing us to about $5.25M over the 2008 cap.

We can still restructure about $25M in salary and another $5M in roster bonuses, so I think it's safe to say we are not in cap hell for 2008.

In fact... bring on free agency.

[MTK]

Originally Posted by CrazyCanuck

I just updated the cap sheets. Matty will post them in the next day or two when he's done locking duplicate threads.

I included the restructures of Thomas, ARE, and Carter. I've already accounted for Cooley's restructure but my numbers may be slightly off.

I have us at $8.75M in the red, but I still have Brunell on the roster and cutting him will save about $3.5M, bringing us to about $5.25M over the 2008 cap.

We can still restructure about $25M in salary and another $5M in roster bonuses, so I think it's safe to say we are not in cap hell for 2008.

In fact... bring on free agency.

The latest cap sheets are up, thanks CC

[Monkeydad]

Originally Posted by Ruhskins

Changing his contract to get under the cap so the team can get more players. I know it's no sacrifice or anything like that, but not all players do it.

Exactly. I don't understand why it's so hard to figure out.

He's helping the team out, not just himself.

[JoeRedskin]

Originally Posted by Ruhskins

Changing his contract to get under the cap so the team can get more players. I know it's no sacrifice or anything like that, but not all players do it.

Originally Posted by Buster

Exactly. I don't understand why it's so hard to figure out.

He's helping the team out, not just himself.

Actually, it was probably written into the contract that it could be converted at the team's option. It's just one way that the Skins massage the cap. As a roster bonus, it's a one time hit and, if the team wants to absorb it in the bonus year, it stays a roster bonus. On the other hand, if the team wants to increase flexibility under the cap, they can (again - at their option) turn it into a signing bonus and spread it over the remaining course of the contract.

Not saying Cooley's not a good guy, just saying he probably had no say in it. In fact, he may even have pumped the club for money when originally signed. "Fine - you want to make it a optional signing/roster bonus next year rather than more up front money today (when he originally signed the contract), that's fine but it's gonna cost you an extra million next year."

Again, not saying that he did, just suggesting that, perhaps, he had a financial benefit from writing his contract a certain way. Win-Win's are how contracts get done.