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Re: Ongoing Flacco Contract Negotiations (Merged)
I just hope they get it done, getting Joes cap number to 7 million for 2013 would enable us to improve this roster, or at least bring back the key players.
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02-06-2013, 06:57 PM #290Hall Of Fame Poster
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02-06-2013, 06:58 PM #291Hall Of Fame Poster
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Re: Ongoing Flacco Contract Negotiations (Merged)
The deal will get done. Flacco said after the game he wants to be a raven for life. I think he meant it and will meet the Ravens halfway regardless of what his agent says. His agent is paid to talk him up.
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02-06-2013, 07:00 PM #292Veteran Poster
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Re: Ongoing Flacco Contract Negotiations (Merged)
I don't think we can get Joe's cap number to anything under $9M in 2013, frankly. Any signing bonus paid gets prorated over a maximum of 5 years, plus there is a minimum base salary for a 5 year vet of around $700k. So even if we get away with a $40M signing bonus (vs. $50M), that is a cap number of $8.7M. And I think the signing bonus is likely to be $45-50M (cap hit of $9.7M to $10.7M).
Maybe I am missing a way to get it lower and BMore-Raver (or someone else) can fill me in.
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02-06-2013, 07:01 PM #293Veteran Poster
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02-06-2013, 07:05 PM #295Veteran Poster
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02-06-2013, 07:09 PM #296
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02-06-2013, 07:13 PM #297Veteran Poster
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Re: Ongoing Flacco Contract Negotiations (Merged)
But isn't the second installment still subject to him being on the team (i.e. like a roster bonus)? I realize the odds are very high, but I am wondering if this in fact technically 100% guaranteed against all possibilities.
If a fully guaranteed signing bonus can be split, then what are the rules that govern this? There has to be some restriction, or one could push back a ridiculous amount of money almost perpetually.Last edited by Haloti92; 02-06-2013 at 07:23 PM.
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02-06-2013, 07:26 PM #298
Re: Ongoing Flacco Contract Negotiations (Merged)
Well if you guaranteed it and cut him after year one, the full 25 mil or whatever would count as dead money against the cap in that year I'm assuming. It's two separate bonus, one a signing bonus the other just a bonus, from my limited knowledge.
It's been done with someone, I thought it was ngAta but it wasn't now I think about it. Brian will chip in sometime
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02-06-2013, 08:18 PM #299
Re: Ongoing Flacco Contract Negotiations (Merged)
Suggs, Ngata, Rice and maybe even Yanda all have split bonuses. I think the key with Flacco is to split it accross 3 years, of a huge contract length(7 or 8 years) and guarantee all of his first 3 years.
For example: 8 years $160m with $60m guaranteed
Y1: SB $25m, Salary $1m cap hit $6m
y2: SB $15m, Salary $2m cap hit 10m
y3: SB $15m, Salary $2m, cap hit 13m
y4: Salary $11m cap hit $22m
y5: Salary $13m cap hit $24m
y6: Salary $20m cap hit $26m
y7: Salary $26m cap hit $29m
y8 Salary $30m cap hit $30mLast edited by jonboy79; 02-06-2013 at 08:33 PM.
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