I am curious if trading Kenyon Coleman, Abrams, and Ratlif helps our salery cap and if the trade opens up the money to sign Sanchez. If so, this may be a unbelievably good trade for the Jets. I think that we still have money that will count against the cap from when we signed coleman but i am not sure for how long or if the trade would transfer that to the browns. Thanks in advance for your help!
I think we broke even with Coleman. Gained 1.2 million from Elam. Gained 300,000 from Ratliff. For this year. Next year, we save a whole bunch of Coleman's dough. I posted the real numbers in another thread but don't have time right now...these are estimates from my memory.
www.nyjetscap.com We have some dead money this year. Coleman - $4,066,051 Elam - $292,857 Ratliff - $3,120 Contract Info from rotoworld.com Coleman Contract: 2009-2010: $3 million, 2011: $2.5 million, 2012: Free Agent. Elam Contract: 3/10/2009: Signed a one-year, $1.5 million contract. Ratliff Contract: ??
Thanks! So basically, we save 5.5 mil the next two years but get hit for $4 mil this year in dead cap space.
I thought when a player gets traded, his contract gets traded as well and no dead money? Correct me if Im wrong.
I think you get dead money from a prorated bonus that projected over the life of the contract you're trading. For example if we gave him an $8 million signing bonus but prorated it over 4 years @$2 million a year we'd have to eat the remaining years of that bonus when making the trade. I'm not sure though.
That sux. When the trade went through, I thought Colemens contract was going off the books as well. The legend lives on...
That is correct..all unaccrued bonus money accelerates to the year they get cut or traded. Even if they retire, I believe.
Thats the better option of course. Then there's the case of Lito. Not sure what we plan on doing with him since we'll be paying him a huge roster bonus after the season.
I don't know how u ended up with the 2008 TGG Rich Kotite "Least Knowledgeable" Award Winner but your recent posts have been pretty knowledgeable. :shit:
Found it: Kenyon Coleman - net savings = 8.5 million over 3 years; with a 3 mil base salary for 2009, plus 1/5 of his prorated bonus monies ($900,000) means we broke even for this season 3.9 million ~ the 4 million of dead bonus money we're saddled with. Abram Elam - $1.5 million/1 year contract - dead money = 300,000; Net savings = 1.2 million Brett Ratliff - net savings = $25 and a stick of wrigley's spearmint ...but seriously, it's negligible, we saved a couple hundred thousand from his salary as his accelerated cap hit is like 3 Gs. http://www.nyjetscap.com/salary.html www.rotoworld.com 2009 savings = ~1.5 million Total Savings = ~10 million
Yep. Signing bonus money, anyway, since it is paid in advance and spread out over the contract only for cap purposes. Roster bonuses and incentives are traded to the team in question, but the prorated signing bonus left to pay hits the cap in the year of the trade. The biggest difference in cap effect between a trade and cutting a player lies in additional sources of guaranteed money. All additional guaranteed money accelerates immediately when a player is cut, whereas non-signing bonus guarantees become a part of the new team's cap when the player is traded away. I believe under retirement, it reverts back to only that money which was already previous paid out.
