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Posted: Wed Mar 01, 2006 8:07 pm
by gay4pacman
i knew brunny would restructure....hes a team player
Posted: Wed Mar 01, 2006 8:35 pm
by BossHog
Anybody else starting to feel like the Post is right about as often as EatSPN?
Without knowing the exact details of Brunell's restructure... it's impossible to know what the exact cap savings is... but for a rough guestimate...
He had 4M in base salary scheduled for 2006 PLUS $1.433M in signing bonus pro-ration for a total of $5.433M in cap hit.
League minimum for a 10+ year vet is $770K in 2006, so presume that the Skins would try and knock his salary down to that $770K and put the remaining $3.23M in bonus money over the remainder of the contract (4 more years)
So... then his cap number for this year would be as follows...
$770K +
$1.433M (previous Signing bonus money)
$808K (new signing bonus money --> $3.23M / 4 years left)
= $3.011M cap hit this year
WHICH EQUALS A CAP SAVINGS OF ABOUT $2.42M
... I'm pretty sure that even though he has 5 years left on his contract that they can only pro-rate bonuses over 4 of those years due to the uncapped year... if I'm wrong on that and they can use the whole 5 years, then his cap hit this year would drop an additional $160K or so as his bonus money for this year would be $646K and not $808K... so the cap savings would be about $2.58M.
Hope that's a decent guestimate.
Posted: Wed Mar 01, 2006 8:54 pm
by SkinsJock
Thanks BH!
Amazing that the WP would be "wrong" about our team!!
Posted: Wed Mar 01, 2006 9:29 pm
by The Hogster
Thanks. 2.4 million down....18 million to go. C'mon baby...big bucks NO WAMMIES.
Matt Bowen, Walt Harris, Corey Raymer, come on down...step right up and get your prize.
Posted: Wed Mar 01, 2006 9:52 pm
by Dmkskins86
Posted: Wed Mar 01, 2006 10:00 pm
by The Hogster
Im not sure I should believe them. I will go with Boss' prediction until I hear otherwise from the Redskins.
Posted: Wed Mar 01, 2006 10:09 pm
by Kentucky Fried Hog
Brunell is a class act, excellent leader.
Posted: Wed Mar 01, 2006 10:21 pm
by 1niksder
Less than 24 hours ago they said he wasn't going to do it. Now they are sitting in the room with all the numbers
Posted: Wed Mar 01, 2006 10:43 pm
by 1niksder
gay4pacman wrote:i knew brunny would restructure....hes a team player
We got a bunch of them
At a time when the Washington Redskins are facing a potential salary purge that, by some estimates, could leave them with roughly 25 veterans under contract, we're told that the team has restructured the deal of running back Clinton Portis in order to create some cap room.
Specifically, a sizeable roster bonus owed to Portis has been converted to a guaranteed payment, which spreads the total value of the money over four years. Portis' contract expressly authorized the team to make the move.
PFT...not the best source but???Mark and other team members have worked cooperatively with us in renegotiations, approaching the matter like the veterans and team leaders that they are," Redskins coach Joe Gibbs said.
Link
Posted: Wed Mar 01, 2006 10:53 pm
by hkHog
1niksder wrote:gay4pacman wrote:i knew brunny would restructure....hes a team player
We got a bunch of them
At a time when the Washington Redskins are facing a potential salary purge that, by some estimates, could leave them with roughly 25 veterans under contract, we're told that the team has restructured the deal of running back Clinton Portis in order to create some cap room.
Specifically, a sizeable roster bonus owed to Portis has been converted to a guaranteed payment, which spreads the total value of the money over four years. Portis' contract expressly authorized the team to make the move.
PFT...not the best source but???Mark and other team members have worked cooperatively with us in renegotiations, approaching the matter like the veterans and team leaders that they are," Redskins coach Joe Gibbs said.
Link
Excellent work to the guys in the front office!
Let's keep 'em coming!
Posted: Wed Mar 01, 2006 11:10 pm
by SKINS#1
Relax, Joe has been telling us HE has a "worst case" plan and he doesn't seem to be uptight. Knowing how he has worked his plan in the past I would think he has done his homework and knows who will work with the team to meet the cap requirements.
Posted: Thu Mar 02, 2006 12:42 am
by gay4pacman
From wathing gibbs i cant help but feel at ease with the whole deal
Posted: Thu Mar 02, 2006 1:18 am
by SkinsHead56
This is as team we can sure be proud of. To the doubters shame on you. Joe Gibbs is in charge of this team. Want to build a winning franchise? Hire Joe Gibbs. Players and coaches made similar moves in New England to keep those teams together for a few years.
Posted: Thu Mar 02, 2006 8:02 am
by 1fan4ramsey
Why don't they just cut Brunell
Posted: Thu Mar 02, 2006 8:45 am
by 1niksder
1fan4ramsey wrote:Why don't they just cut Brunell
He already agreed to redone his contract but had he not he would have cost more on the cap if he had been cut
Posted: Thu Mar 02, 2006 3:32 pm
by EA7649
Brunell, others agree to restructure deals
NFL.com wire reports
ASHBURN, Va. (March 1, 2006) -- Washington quarterback Mark Brunell has agreed in principle to restructure his contract, pending the NFL's negotiations for a new collective bargaining agreement.
Mark Brunell has agreed in principle to restructure his deal with Washington.
"Mark and other team members have worked cooperatively with us in renegotiations, approaching the matter like the veterans and team leaders that they are," Redskins coach Joe Gibbs said.
Like all NFL teams, the Redskins are in flux with their free agency plans because of the last-minute collective bargaining talks. If no agreement is reached, Washington will have to make some $20 million in cuts March 2 to get below the 2006 salary cap.
If an agreement is reached, the Redskins will have to make fewer cuts because the cap will be substantially higher. Brunell and the other veterans -- whom Gibbs did not name -- will not sign their new deals until there is definitive word on the labor situation.
Free agency begins March 3. The Redskins have been one of the most active teams on the opening day of free agency under owner Dan Snyder, but the team will have limited options if it is forced to make wholesale cuts.
does anyone know how much we will save