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  • #16
    Hey guys, this is my first post and I just wanted to say that I love what I read around nfldc. Quality forum you've got going here.

    Anyway, there's a common misconception that the Redskins are in "cap hell" every offseason because of the massive contracts they give out. Really, Dan Snyder has found a clever way to get around the cap system for the most part.

    The Redskins' contracts are almost always six or seven year deals where the money is backloaded to the last three or four years to minimize short-term cap numbers. If the player makes it to the last few years of his contract, Snyder tells them he will restructure their contract, converting the base salary (that counts against the cap) into gauranteed money that doesn't count against the cap. The players almost always accept the restructured contracts because they are of equal value.

    Basically, because Snyder is willing to throw around gauranteed money he is able to circumvent the cap. This is how the Skins get out of cap hell and sign so many free agents every year. As a skins fan, it took me about three years of fearing "cap hell" before I realized that snyder knew what he was doing (with money at least)

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    • #17
      I'm still surprised the Redskins haven't made a move for DJ Hackett, considering there isn't much of a market out there for him right now. He seems to be a perfect fit (bigger receiver, knows the system).

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      • #18
        Originally posted by Flyboy View Post
        Except Brett Favre isn't DEAD.
        He said retires/dies.

        by BoneKrusher
        <DG> how metal unseen
        <TheUnseen> Drunken Canadian Bastard: There's an APS for that

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        • #19
          Originally posted by Suits View Post
          Hey guys, this is my first post and I just wanted to say that I love what I read around nfldc. Quality forum you've got going here.

          Anyway, there's a common misconception that the Redskins are in "cap hell" every offseason because of the massive contracts they give out. Really, Dan Snyder has found a clever way to get around the cap system for the most part.

          The Redskins' contracts are almost always six or seven year deals where the money is backloaded to the last three or four years to minimize short-term cap numbers. If the player makes it to the last few years of his contract, Snyder tells them he will restructure their contract, converting the base salary (that counts against the cap) into gauranteed money that doesn't count against the cap. The players almost always accept the restructured contracts because they are of equal value.

          Basically, because Snyder is willing to throw around gauranteed money he is able to circumvent the cap. This is how the Skins get out of cap hell and sign so many free agents every year. As a skins fan, it took me about three years of fearing "cap hell" before I realized that snyder knew what he was doing (with money at least)
          welcome, were you a lurker?

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          • #20
            Welcome to the site Suits, excellent first post :)

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            • #21
              Originally posted by toonsterwu View Post
              I'm still surprised the Redskins haven't made a move for DJ Hackett, considering there isn't much of a market out there for him right now. He seems to be a perfect fit (bigger receiver, knows the system).
              I think he is to injury prone for us
              RIP Sean Michael Taylor

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              • #22
                Originally posted by Suits View Post
                Hey guys, this is my first post and I just wanted to say that I love what I read around nfldc. Quality forum you've got going here.

                Anyway, there's a common misconception that the Redskins are in "cap hell" every offseason because of the massive contracts they give out. Really, Dan Snyder has found a clever way to get around the cap system for the most part.

                The Redskins' contracts are almost always six or seven year deals where the money is backloaded to the last three or four years to minimize short-term cap numbers. If the player makes it to the last few years of his contract, Snyder tells them he will restructure their contract, converting the base salary (that counts against the cap) into gauranteed money that doesn't count against the cap. The players almost always accept the restructured contracts because they are of equal value.

                Basically, because Snyder is willing to throw around gauranteed money he is able to circumvent the cap. This is how the Skins get out of cap hell and sign so many free agents every year. As a skins fan, it took me about three years of fearing "cap hell" before I realized that snyder knew what he was doing (with money at least)
                excellent post. welcome to the board.

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                • #23
                  Originally posted by critesy View Post
                  i wouldnt care if we lost a 1st for him, he's better than any corner you're going to get in the draft and he is younger than some as well.
                  better? we won't know that for another 4 years. what we do know is though, he'll be more expensive than any of the rookie CBs.

                  thats the reason why im hoping my Giants draft best available CB opposed to trading for Hall. Although i wouldn't mind Hall at all, i think financially its a smarter move to draft CB in our position.

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                  • #24
                    I would have no problem giving up our first for hall. He is the only corner that we can get that would be an automatic upgrade.
                    RIP Sean Michael Taylor

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                    • #25
                      Originally posted by Suits View Post
                      Hey guys, this is my first post and I just wanted to say that I love what I read around nfldc. Quality forum you've got going here.

                      Anyway, there's a common misconception that the Redskins are in "cap hell" every offseason because of the massive contracts they give out. Really, Dan Snyder has found a clever way to get around the cap system for the most part.

                      The Redskins' contracts are almost always six or seven year deals where the money is backloaded to the last three or four years to minimize short-term cap numbers. If the player makes it to the last few years of his contract, Snyder tells them he will restructure their contract, converting the base salary (that counts against the cap) into gauranteed money that doesn't count against the cap. The players almost always accept the restructured contracts because they are of equal value.

                      Basically, because Snyder is willing to throw around gauranteed money he is able to circumvent the cap. This is how the Skins get out of cap hell and sign so many free agents every year. As a skins fan, it took me about three years of fearing "cap hell" before I realized that snyder knew what he was doing (with money at least)
                      Well, that was a joy to read. Thanks for the info and welcome to the board! :)

                      Comment


                      • #26
                        Originally posted by Suits View Post
                        Hey guys, this is my first post and I just wanted to say that I love what I read around nfldc. Quality forum you've got going here.

                        Anyway, there's a common misconception that the Redskins are in "cap hell" every offseason because of the massive contracts they give out. Really, Dan Snyder has found a clever way to get around the cap system for the most part.

                        The Redskins' contracts are almost always six or seven year deals where the money is backloaded to the last three or four years to minimize short-term cap numbers. If the player makes it to the last few years of his contract, Snyder tells them he will restructure their contract, converting the base salary (that counts against the cap) into gauranteed money that doesn't count against the cap. The players almost always accept the restructured contracts because they are of equal value.

                        Basically, because Snyder is willing to throw around gauranteed money he is able to circumvent the cap. This is how the Skins get out of cap hell and sign so many free agents every year. As a skins fan, it took me about three years of fearing "cap hell" before I realized that snyder knew what he was doing (with money at least)
                        Nice first post, but not quite right :) By converting to signing bonus, it still counts, it's just prorated over the contract's life.

                        Say a player is set to make $10M in base salary in his 3rd last season under contract, he can restructure it to a signing bonus of, say, $9M with $1M still left as base salary. That $9M is paid out straight away, but since it is now a "signing bonus", it's spread out over the life of the deal cap wise. So if there are 3 years left, it will count $3M against the cap in each of the remaining years. Therefore, instead of a $10M base salary in the current year, he has a $1M base salary and $3M of his new signing bonus counting against the cap - a $6M saving for the current year.

                        The thing is though, it can only be done to base salaries - he would have had a signing bonus for the prior deal as well, so it's previous prorated cap value for that 3rd last year would remain as is even after the restructuring. If he originally signed a 5 year deal with $15M in signing bonus, $3M would already be on the books for that 3rd last year. So basically, this move changed his 3rd last year cap number from $13M to $7M, but by doing so, it added more guaranteed money to the final 2 years of the deal, which means the player is more of a long term commitment than ever. Might be hard to get rid of if he isn't working out.

                        Obviously not every owner can do this - all that signing bonus money isn't easy to come by for some teams. The process is called "Cash over cap", and it can help give teams with more immediate cash assets sign and retain players. In any given year, Snyder could overspend the cap limit by more $M's than some teams have to play with signing bonus wise.

                        It's not without future consequences though, and it certainly isn't a "way around the cap". If it wasn't for the nicely timed CBA extension with the cap spikes, the Redskins wouldn't be as comfortable right now (along with a few other teams). It's pretty hard to be in cap hell when the cap spikes up as much as it has lately. It is still merely a way of selling the future cap health for the immediate team's sake. It is definitely a little more advanced than normal methods of spending for now and paying for it later, but it does catch up. It's really just pushing money around, not making it disappear. One year, Snyder may find there is no possible way to push that money around with his player contracts anymore, and it will be impossible for him to fit under. There was a rumor that could have been the case in 06 had the CBA not been extended.
                        Last edited by OzTitan; 03-09-2008, 10:00 AM.

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                        • #27
                          They are $19.5 million OVER the 2008 cap as we sit here this morning. That means they're $25 million worse-off than any team in the NFL entering the offseason.
                          http://sports.aol.com/fanhouse/2007/...-hell-in-2008/

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                          • #28

                            well thank god that wasnt posted in november.


                            RIP, Sean Taylor.

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                            • #29
                              Originally posted by flave1969 View Post
                              The re-structured Chris Cooley's 11 million roster bonus over the life of his contract, that turned an 12.2 million cap hit into a 4.4 million hit.
                              $11 million roster bonus? There's no way anyone would ever actually see an $11 million roster bonus. I'm starting to think that Snyder gives these types of contracts out just to perpetuate the idea that the Redskins are always in cap trouble.

                              Ok, so that was a little tongue in cheek. However, it's true that no one would ever actually see $11 million handed to them in a roster bonus. What the large roster bonus actually does, is it gives the team (in this case the Redskins) the flexibility to look at a player a couple years after signing the contract to see if he's actually worth that much money. If he is, you do what the Redskins did and give him the money in the form of a signing bonus. If he's not, then you tell him to re-structure the deal by taking a paycut or he'll get cut. Why don't they just add the $11 million in the original signing bonus you ask? This is vastly better than just adding that $11 million onto the original signing bonus, because if you get to the 2nd or 3rd year and see that the player is not actually worth the money, you're in a heck of a lot of trouble. Again, much more flexibility in being able to decide whether or not the player is good enough for that much money

                              In a practical sense, it also allows the team to split up large amounts of money over a few years rather than one fat check. Let's be honest, even football franchises worth over a billion dollars can have trouble handing out checks for $30 million at a time on top of the $90-100 million in base salaries/roster bonuses. (plus the payroll of coaches, scouts, other staff, maintenance and other fees for the stadium, etc.) So what you see teams doing, especially with top 5 rookie contracts, is splitting up the $30 million signing bonus into 2 sections with an "option bonus" coming the next offseason. It's an option bonus because the team has the option of picking up the contract or not. If not, the player becomes a free agent. However, in terms of rookie contracts, to ensure that the player gets all the money, these are usually guaranteed to where even if the team decides not to pick up the option, the player still gets the same amount of money.

                              All this to say, Snyder (or whoever actually does the contract negotiations for him) was really smart with that Cooley contract. It's the first time I've seen something like that (although obviously I don't see every NFL player's contract) and it's a really good move on his part.

                              Oldie but a goodie.

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                              • #30
                                I kept telling people it was pretty pointless to say things like the Redskins cant afford Deangelo Hall, or anyone else for that matter...Snyder spends money and makes it work, and he has no problem trading draft picks for high priced players.





                                Originally posted by Scott Wright
                                I guarantee that if someone picks Cam Newton in the Top 5 they will regret it.

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