Thread: 2013 and done for Jared Allen?
05-31-2013, 11:20 AM #121
I highly doubt anyone will give Jared a 7 year contract with that much guaranteed money. If you decide to cut the guy before the contract expires, then the remainder of the signing bonus counts against the cap during the year you cut him. That is if you cut him in year 4, you will have close to $30M left in signing bonus and it would all count against the cap in th at year.
Just to try and help you out a bit. Lets look at swallowing his current year and redoing it into a 5 year deal that would take him through the 2017 season.
Lets make a couple of assumptions (that you can feel free to correct me on).
Assumption #1: Free up $5M from the this year's cap
Assumption #2: create an effective payout of $12M/yr. Anything less I believe is unreasonable for JA at this point
Assumption #3: Keep the signing bonus down to a reasonable amount ($20M) so you can cut him if performance deteriorates with out creating a huge cap event
The total contract value would have to equal the current $17M owed plus another 4 years at $12M which is a total of $65M over 5 years. If you take $20M as a signing bonus, then you have $45M to dish out over 5 years. This $45M can be allocated at any agreed upon amount, but realize the player will want it front loaded as much as possible.
The $20M over 5 years equates to $4M/yr that is counted against the cap. Plus you have to add the $2.6M currently outstanding which equates to $6.6M counting against the cap in year one.
This would give a contract structure that could look something like this:
Salary Signing Bonus Cap hit
$5.4M $6.6M $12M
$9M $4M $13M
$10M $4M $14M
$10M $4M $14M
$11M $4M $15M
The only realistic years he could be cut under that contract is year 4 or 5. The cap hit if he is cut would look like this:
Year 2 $16M
Year 3 $12M
Year 4 $8M
Year 5 $4M
So you are pretty much stuck with him for at least 3 years even if he is not producing.
Now, if you wait until next year and still want to give him a $12M/yr contract through 2017. It would look like this:
$48M/contract, $16M signing bonus. Using the same numbers as above.
Salary Signing bonus Cap hit
2014 $7M $4M $11M
2015 $8M $4M $12M
2016 $8M $4M $12M
2017 $9M $4M $13M
Essentially it gives you an extra $2M/yr in cap relief over the life of the contract.
Again, you can play with the salary numbers. In both cases it requires a long term commitment to Jared, that I'm not sure is the wisest move. But if you have to do it, I think it's best to wait and see how he looks this year. Another way to ensure value is to try and get him to sign up for incentive based pay. JA might be willing to do a fair amount of this as I think he's quite confident in himself.
05-31-2013, 12:12 PM #122
I think the new cba also has set a limit to how much of that years salary cap can be tied to signing bonus dollars, also with a heavy bonus structure aside from cutting Allen, trading him and if he were to retire for any reason all that signing money comes due so things would have to be more balance between signing bonus, other guarantees, roster bonus and incentives to protect the team
05-31-2013, 12:19 PM #123
05-31-2013, 12:36 PM #124
In past years high signing bonuses were good for both the players and cap management. Today they are mostly good for the players, but not so much for cap management.
05-31-2013, 12:47 PM #125
05-31-2013, 12:53 PM #126Rookie
- Join Date
- Feb 2013
Tastywaves just laid the smack down on a roody poo candy ass
05-31-2013, 02:13 PM #127
Your break down was great and an I opener. While the additional 2 million a year we are spending for Allen hits the cap....is that not worth the ability and the flexibility to sign our FAs during the season.....I am going to drum up a realistic 3 year contract that I wanted to give him just to quell some flames... brb.
I change my mind...
I think I'm leaving the site for good. Everyone have a great season.
Last edited by kevoncox; 05-31-2013 at 02:23 PM.
Do I have to know how to sign a bill into law to prove he was? No, I could simply look at the state of the country after his term. The comparisom of the his presidency is to other presidents, other world leaders. Now if I had said...I could be president. that would be different and then you seeking my qualifications to do so would be applicable....
Flash back to the issue at hand....
Our FO handles player signings poorly. They are a below average FO in many of their tasks.
You asking me to provide a contract for JA is asenine as it neither proves or disproves my remark.
Yet, I'll bite.
I would give Jared Allen a 7 year - 70 million dollar contract. His signing bonus will be 50 million and I will pay it as 1 million for the first 6 years +salary and the rest all in the 7th year. That's my contract.
It's laughable. It's funny. Now disprove it.
Show me where we we won't have 43 million in cap space in 7 years to afford him.
Prove to me that he won't accept it.
You can't as it's all conjecture. So instead of trying to prove what I personally know or don't know about salary caps...you can focus on the fact I beleive that the FO could have done a better job.