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  1. #11
    singersp's Avatar
    singersp is offline PPO Newshound
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    Re: Team signs Dugan to contract extension

    Posted on Thu, Dec. 14, 2006

    [size=13pt]New contract puts Dugan in buying mood[/size]

    BY SEAN JENSEN
    Pioneer Press

    "If at first you don't succeed, parachuting is not for you"

  2. #12
    Zeus's Avatar
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    Re: Team signs Dugan to contract extension

    "cogitans" wrote:
    I like this resigning.

    I think he has played well, and I think that he'll make Kleinsasser expendable soon.
    I believe if the Vikings shed the contracts of JimmyK and Smoot, they'll be near the $40million range in cap room.
    But I could be way off.

    =Z=

    Thanks to Josdin for the awesome sig!

  3. #13
    cogitans is offline Jersey Retired
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    Re: Team signs Dugan to contract extension

    "AWZeus" wrote:
    "cogitans" wrote:
    I like this resigning.

    I think he has played well, and I think that he'll make Kleinsasser expendable soon.
    I believe if the Vikings shed the contracts of JimmyK and Smoot, they'll be near the $40million range in cap room.
    But I could be way off.

    =Z=
    Here are the breakdowns according to NFLPA:

    Sauce:

    Salary History
    2004 550000.00
    2005 1500000.00
    2006 2400000.00
    2007 2900000.00
    2008 2900000.00

    Smoot:

    Salary History
    2005 1400000.00
    2006 800000.00
    2007 2700000.00
    2008 4900000.00
    2009 5600000.00
    2010 4900000.00

    Thanks to PPE for the sig.

  4. #14
    Zeus's Avatar
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    Re: Team signs Dugan to contract extension

    "cogitans" wrote:
    "AWZeus" wrote:
    "cogitans" wrote:
    I like this resigning.

    I think he has played well, and I think that he'll make Kleinsasser expendable soon.
    I believe if the Vikings shed the contracts of JimmyK and Smoot, they'll be near the $40million range in cap room.
    But I could be way off.

    =Z=
    Here are the breakdowns according to NFLPA:

    Sauce:

    Salary History
    2004 550000.00
    2005 1500000.00
    2006 2400000.00
    2007 2900000.00
    2008 2900000.00

    Smoot:

    Salary History
    2005 1400000.00
    2006 800000.00
    2007 2700000.00
    2008 4900000.00
    2009 5600000.00
    2010 4900000.00
    To gauge the cap hit, you need to know how the bonus parts of the contract are structured.
    I know that Smoot's contract had that big salary in the first year and a minimal signing bonus, so the negative effect on the cap is small if released after this season.
    I'm not sure about Kleinsasser.

    =Z=

    Thanks to Josdin for the awesome sig!

  5. #15
    cogitans is offline Jersey Retired
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    Re: Team signs Dugan to contract extension

    "AWZeus" wrote:
    "cogitans" wrote:
    "AWZeus" wrote:
    "cogitans" wrote:
    I like this resigning.

    I think he has played well, and I think that he'll make Kleinsasser expendable soon.
    I believe if the Vikings shed the contracts of JimmyK and Smoot, they'll be near the $40million range in cap room.
    But I could be way off.

    =Z=
    Here are the breakdowns according to NFLPA:

    Sauce:

    Salary History
    2004 550000.00
    2005 1500000.00
    2006 2400000.00
    2007 2900000.00
    2008 2900000.00

    Smoot:

    Salary History
    2005 1400000.00
    2006 800000.00
    2007 2700000.00
    2008 4900000.00
    2009 5600000.00
    2010 4900000.00
    To gauge the cap hit, you need to know how the bonus parts of the contract are structured.
    I know that Smoot's contract had that big salary in the first year and a minimal signing bonus, so the negative effect on the cap is small if released after this season.
    I'm not sure about Kleinsasser.

    =Z=
    I'm not getting in to an argument here. Because I usually gets in over my head when discussing contracts and CAP issues.

    However I think sign-on bonuses are distributed over the contract period and can not be saved for aditional cap space. That is only the actual salary of the comming years.

    The $40mio you mentioned sounds more like a new total capspace number.

    Thanks to PPE for the sig.

  6. #16
    CCthebest's Avatar
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    Re: Team signs Dugan to contract extension

    Wonder why they re signed him. He cant catch as a TE and he cant block as a FB.

  7. #17
    tastywaves's Avatar
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    Re: Team signs Dugan to contract extension

    "AWZeus" wrote:
    "cogitans" wrote:
    "AWZeus" wrote:
    "cogitans" wrote:
    I like this resigning.

    I think he has played well, and I think that he'll make Kleinsasser expendable soon.
    I believe if the Vikings shed the contracts of JimmyK and Smoot, they'll be near the $40million range in cap room.
    But I could be way off.

    =Z=
    Here are the breakdowns according to NFLPA:

    Sauce:

    Salary History
    2004 550000.00
    2005 1500000.00
    2006 2400000.00
    2007 2900000.00
    2008 2900000.00

    Smoot:

    Salary History
    2005 1400000.00
    2006 800000.00
    2007 2700000.00
    2008 4900000.00
    2009 5600000.00
    2010 4900000.00
    To gauge the cap hit, you need to know how the bonus parts of the contract are structured.
    I know that Smoot's contract had that big salary in the first year and a minimal signing bonus, so the negative effect on the cap is small if released after this season.
    I'm not sure about Kleinsasser.

    =Z=
    Where's CollegeGuyJeff when you need him.
    If you take our $40M under and the amount the rest of the guys are over the cap that really gives us like $80M I believe.

  8. #18
    Prophet's Avatar
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    Re: Team signs Dugan to contract extension

    "tastywaves" wrote:
    ...Where's CollegeGuyJeff when you need him.
    If you take our $40M under and the amount the rest of the guys are over the cap that really gives us like $80M I believe.
    ;D ;D ;D, that was hilarious.
    Yeah, I think you're absolutely correct.
    Maybe he is a capologist now...
    Get your facts first, and then you can distort them as much as you please. Mark Twain

  9. #19
    Zeus's Avatar
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    Re: Team signs Dugan to contract extension

    "cogitans" wrote:
    I'm not getting in to an argument here. Because I usually gets in over my head when discussing contracts and CAP issues.

    However I think sign-on bonuses are distributed over the contract period and can not be saved for aditional cap space. That is only the actual salary of the comming years.

    The $40mio you mentioned sounds more like a new total capspace number.
    Yes, any signing bonus is distributed equally over the life of the contract as far as the total cap impact of the contract.

    But, if you cut a player before the contract reaches the end, any remaining portion of the signing bonus which had been spread out in future years is accelerated to count against the current year's cap (which, in the case of cutting Smoot, would be the 2007 cap).
    That's what I mean by a "Cap Hit".
    You take a hit in the immediate by cutting a player, but the long-term savings in salary saved goes back into the future cap pool.

    The thing about Smoot's contract is that his signing bonus was small and his first-year salary was huge.
    The Vikings took the big hit in 2005 with the $14million paid there.


    After a quick Google search, it seems that Smoot's signing bonus was $10million, which would leave $6million left as the "cap hit", but that number doesn't seem right to me.

    Here you go - found the quote:

    If the team cannot trade him, the salary cap hit for releasing him is minimal. Unlike most teams, the Vikings give most of their highest-paid players a roster bonus and opt not to spread out a signing bonus over the length of the deal. Because Smoot's deal included a $6.8 million roster bonus, the most his signing bonus could be is $4 million. Because he has played two seasons, the maximum cap hit would be around $2.66 million.
    http://www.twincities.com/mld/twincities/sports/16085920.htm

    =Z=

    Thanks to Josdin for the awesome sig!

  10. #20
    cogitans is offline Jersey Retired
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    Re: Team signs Dugan to contract extension

    "AWZeus" wrote:
    "cogitans" wrote:
    I'm not getting in to an argument here. Because I usually gets in over my head when discussing contracts and CAP issues.

    However I think sign-on bonuses are distributed over the contract period and can not be saved for aditional cap space. That is only the actual salary of the comming years.

    The $40mio you mentioned sounds more like a new total capspace number.
    Yes, any signing bonus is distributed equally over the life of the contract as far as the total cap impact of the contract.

    But, if you cut a player before the contract reaches the end, any remaining portion of the signing bonus which had been spread out in future years is accelerated to count against the current year's cap (which, in the case of cutting Smoot, would be the 2007 cap).
    That's what I mean by a "Cap Hit".
    You take a hit in the immediate by cutting a player, but the long-term savings in salary saved goes back into the future cap pool.

    The thing about Smoot's contract is that his signing bonus was small and his first-year salary was huge.
    The Vikings took the big hit in 2005 with the $14million paid there.


    After a quick Google search, it seems that Smoot's signing bonus was $10million, which would leave $6million left as the "cap hit", but that number doesn't seem right to me.

    Here you go - found the quote:

    If the team cannot trade him, the salary cap hit for releasing him is minimal. Unlike most teams, the Vikings give most of their highest-paid players a roster bonus and opt not to spread out a signing bonus over the length of the deal. Because Smoot's deal included a $6.8 million roster bonus, the most his signing bonus could be is $4 million. Because he has played two seasons, the maximum cap hit would be around $2.66 million.
    http://www.twincities.com/mld/twincities/sports/16085920.htm

    =Z=
    Thank you for clearing it up.

    I allways gets pretty confused on these cap issues.

    I'm just glad we've got Brezinsky to do the thinking in that department.

    Thanks to PPE for the sig.

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