2018 Restructured Contracts

Overthecap gives the options of either 'restructuring' or 'extending', which would be either restructuring or extending current contracts.

If we allowed 1 extension per franchise last season with a set number of remaining years on the contract being part of the option, then we need to make that clear again this season.

If not, then we cannot use the overthecap link for extensions, only for restructures.

 

We never allowed extensions. I can confirm that. What you are thinking about is or old restructure system that essentially helped make it happen with 1 year remaining by extending(behind the scenes). We nixed it for this system in the rules. So we didn't omit anything.

 

So yes. Restructures only. I don't think that ever was a question unless you were doing it for yourself.

 

I believe beach specifically suggested using the extension button to maximize savings.

I just needed a confirmation that we would not be doing extensions based off of last year's rules.

 

I think you were the one that brought it up. Maybe you got confused. He even said it had nothing to do with that right after.

 

No confusion on my part. Just reading his post - https://live4sportnetwork.com/forum/threads/2018-restructured-contracts.12299/page-2#post-542411

 

Hmm. I guess he thought restructure and typed extension.

 

I'm just making sure everyone is on the same page, and it's taking me a few extra minutes because my head isn't clear.

Or else you're purposefully fucking with me, because right now I have no way of telling the difference, lol.

 

I skimmed the posts and then typed Extend with control F but I should have typed Exten. Since extension doesn't have a D.

 

Your presence is requested in the Franchise Tag thread.

I'm not sure how bad I'm fucking that up over there right now, lol.

 

Okay my apologies beforehand if I screwed this up. Experts please check my work...I think I got it right, but if not please let me know:

Chargers restructuring 3 contracts: New cap figure/ Savings

LT RUSSELL OKUNG - $7,578,750 / $7,390,000
OLB MELVIN INGRAM - $6,901,667 / $6,973,333
WR KEENAN ALLEN - $5,176,667 / $4,473,333

CAP TOTALS

• Total Available Cap:$188,725,256
• Total Team Cap $:$137,050,466
• Cap Space:$51,674,790
• Total Savings:$18,836,666

 

Pats restructures

Tom Brady- original 22,000,000/
New 15,507,500
Savings=6,492, 500

Devin McCourty- original 11,935,000/
New 8,642,500
Savings= 3,292,500

Rob Gronkowski- original 10,906,250
New 7,363,750
Savings= 3,542,500

Total savings= 13,327,500

 

I agree. No extensions. Here's the math on Ben:

Original Contract

Ben 12,000,000 base, 6,200,000 proration from original 31M signing bonus, 5,000,000 roster bonus. He is under contract for 2018 and 2019.

The restructure took his entire roster bonus plus 10,985,000 of his base salary (league minimum is 1,015,000) and gave that to him as a 15,985,000 signing bonus which is split between 2018 and 2019 for cap purposes (7,992,500 each season) So his new deal is:

New Contract

Ben 1,015,000 base, 14,192,500 prorated (6.2 + 7,992,500), cap charge 15,207,500.

This is exactly how it's done in the real world. The difference between Spotrac and OTC is the Spotrac tool for whatever reason is only setup to restructure the base salary. I don't understand why he would take the time to build the calculator and not build it capable of doing everything NFL teams can do but it's his site.

 

Spotrac has Jason Peters' base salary as 7,750,000. Overthecap has it at 6,750,000. That's why Spotrac saves you more money. In my experience OTC usually has it right but he will sometimes intentionally insert bad numbers into his website because he can catch Spotrac stealing his work that way.* It's a running feud.

*Having said that he normally does that on new contracts, not existing contracts. I'm guessing OTC has it right.

 

Bengals restructuring
Andy Dalton:
Old: $16,300,000
New: $7,776,667
Savings: $8,523,333
According to Spotrac Calc

 

Those cap numbers are correct. They represent a max restructure.

 

Oops. Yes, it was a typo. My apologies. I edited for anyone else that comes along.

 

So can I just clarify? We're using this calculator: https://overthecap.com/calculator and you get the restructure saving by clicking the "Cut" dropdown and changing it to "Restructure". That only gives you the cap saving, not the new cap number, but I presume that you get the new cap number by doing the existing Cap Number minus the saving (so for Mark Barron, he has a cap number of $10m, a saving on a restructure of $5,473,333, giving him a new cap number of $4,526,667).

For comparison, Sportrac gives a saving of $4,140,000 (new cap number of $5,860,000). The difference being that Barron has a $2m roster bonus that's due, so restructuring on OTC includes that in what is restructured.

 

It's the difference. And if you click the submit button and leave it blank it will show you what it wanted.

 

Thanks for clarifying that.