top teams with void years expiring on the 16th, new league year

[tsylvester]

Of note, the Ravens only have 2, Wallace and Hopkins, here are the top team totals in dead cap money from sportrac

Browns: $67M
Saints: $48M
Eagles: $33M
Bills: $32M
49ers: $29M

[oldno82]

I'm still ignorant as to how void years work. WTF are they?

[papasmurfbell]

23 minutes ago, oldno82 said:

I'm still ignorant as to how void years work. WTF are they?

My understanding is they are yrs that bonuses are prorated to but when you get there it’s like the player was cut.

[oldno82]

Is a void year prorated amount counted against the cap? In other words, if a player is signed to a $30 million bonus over a 6 year contract where years 5 and 6 are void years and the player is cut in year 4, do the 5th and 6th void year amounts of $5mil each just disappear so far as the cap hit is concerned? 

 

[tsylvester]

Not immediately, that is why some teams use them. It gives you cap relief now, by spreading the money over a longer period of time, max is 5 years of void, fake, years. The downside is, all of this dead cap money.

Either way you pay the piper, but it gives you a little longer window of win now. Eagles & Cowboys use it most, but as you see, many other teams are starting to do it.

The Ravens have always been against this, until now when the Biscuit says they will use with Lamar is they cant get a new deal done

[papasmurfbell]

It’s basically allowing you in the moment to spread the money out on a fake long term but it is a shorter deal.  The player gets all their cash but the team eats dead cash at the end.  

[oldno82]

To be honest, I think I understand it better now after your posts but it's still a hazy concept for me. Must be old age.

[tsylvester]

43 minutes ago, oldno82 said:

To be honest, I think I understand it better now after your posts but it's still a hazy concept for me. Must be old age.

I'm with oldman, turn 60 in a few days.

Try this- you sign a deal worth $60 mil, with a signing bonus of $15mil. The deal is set for 3 years, so that is $5 mil per year on the team's books for the bonus and $20 mil per year for the salary =$25 mil on the books.

But, the league allows the team to add up to 5 years onto that contract, so now its 8 years on the books, $2.5 mil now for bonus, $7.5 mil for salary total each year, again, on the books, $10 mil.

But, here is the rubber, you are only really under contract for 3 years. Most players redo the deal, some do not. Either way, you will get your full contract monies of $60 mil, but, the team, if you don't resign, has to count the what money is left over on the books, in those extra 5 years.

In real world, it is like politicians who say they saved us money, what they don't tell us is that they didn't really save us money in our pocket. What they did was cut job openings for say 20 vacant jobs. When you add up the salaries and benefits package those jobs would have had, it adds up to millions.

So by not filling those positions, and putting a freeze on new hires in those positions, they can clear their books of money, while not spent, might have been sometime in the next decade. 

[oldno82]

That is a good explanation! Now I feel I've got a handle on it. So that's what Bisciotti meant we could do with Lamar's numbers if they can't agree on a new or extended deal. Pretty funny stuff!

Thanks!

By the way, I just turned 77 last month so you're still a youngster to me.

[tsylvester]

Yeah, Ive got friends your age, the call me a teenage old man

[oldno82]

By the way, happy upcoming birthday!

Do you, or anybody else know, if there will be another, more in depth interview/presser with our new coach, OC, and DC? Maybe in a few weeks after they've had a chance to get oriented?

[papasmurfbell]

I wouldn’t expect it.