Cooley Restructures

[CrazyCanuck]

Fantastic posts by Schneed and 33.

The Skins used another trick with the resturcutures of ARE, Thomas, and Carter - the extra year.

All 3 of them got an extra year (2013) added to their contracts. So not only did the Skins push money into the future, they extended the future.

It's unlikely that Randy Thomas will be playing here in 2013 in what would be his 14th NFL season, but by adding the extra year the Skins can push some of the new signing bonus money to 2013. This allows the $4.65M restructured amount to be divided by 6 remaining years of the contract instead of 5, which helps the cap in 2008 (though only slightly).

When Thomas likely restructures next year they can push some of that money to 2013, or even add another year and repeat the process.

[freddyg12]

Originally Posted by CrazyCanuck

Fantastic posts by Schneed and 33.

The Skins used another trick with the resturcutures of ARE, Thomas, and Carter - the extra year.

All 3 of them got an extra year (2013) added to their contracts. So not only did the Skins push money into the future, they extended the future.

It's unlikely that Randy Thomas will be playing here in 2013 in what would be his 14th NFL season, but by adding the extra year the Skins can push some of the new signing bonus money to 2013. This allows the $4.65M restructured amount to be divided by 6 remaining years of the contract instead of 5, which helps the cap in 2008 (though only slightly).

When Thomas likely restructures next year they can push some of that money to 2013, or even add another year and repeat the process.

At the end of the collective bargaining agreement, all bonuses have to be accounted for in one year, correct? That was the situation in the 06 offseason when for a period, we were in cap hell, or maybe cap purgatory better explains it.

W/the cba set to expire & no new deal in place, all of those deals come due essentially. Am I right on this generally? From what I read in 06 that's the way I understand it.

My point is simply that while there isn't a 'ceiling' for these extensions, the whole strategy is dependent upon a cba being agreed to. If the cba expires w/out a new one in place, the Skins would face cap hell for real.

[JoeRedskin]

Originally Posted by freddyg12

At the end of the collective bargaining agreement, all bonuses have to be accounted for in one year, correct? That was the situation in the 06 offseason when for a period, we were in cap hell, or maybe cap purgatory better explains it.

W/the cba set to expire & no new deal in place, all of those deals come due essentially. Am I right on this generally? From what I read in 06 that's the way I understand it.

My point is simply that while there isn't a 'ceiling' for these extensions, the whole strategy is dependent upon a cba being agreed to. If the cba expires w/out a new one in place, the Skins would face cap hell for real.

In the last CBA, there was a "nuclear option" written into the agreement - that being to accelerate the bonuses. That was done to encourage a new agreement b/c, it was assumed, no one wanted to deal those consequences. I do not know if such a clause has been written into the new agreement. If not, then when the CBA expires, the salary cap disappears. The only reason it exists is b/c the players agreed to it. Once gone, it will be hard (if not impossible) to replace b/c salaries in the short term will skyrocket.