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MintBaconDrivel  
#1 Posted : Thursday, April 18, 2013 8:44:46 AM(UTC)
JSOnline said:
Green Bay - The Green Bay Packers gave linebacker Clay Matthews a signing bonus of $20.5 million Wednesday as part of his five-year, $66 million extension.
Pack93z  
#2 Posted : Thursday, April 18, 2013 9:34:28 AM(UTC)
Quote:
Here is the breakdown of the new money in the Matthews' deal:

2014: $1 million base salary, $5 million roster bonus due on the third day of the league year in March, a $500,000 per game roster bonus ($31,250 for each game on the active roster) and a $500,000 workout bonus.

2015: $7.6 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

2016: $8.65 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

2017: $10.1 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

2018: $10.4 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

His $20.5 million signing bonus is pro-rated over five years, so it counts $4.1 million against the cap from 2013-'17 but doesn't count anything in 2018.


Well, that is about as good as it gets in a contract of this size in terms of protection for the team.. basically.. after 2014 they could shed his contract for basically a wash of his cap number of that deal. Still would hurt, but in a worst case scenario, it at least minimizes the damage somewhat. And it leaves some pretty good chunks of base salary to work with if the Packers need to move cap money around.

I think that up front money answers much of the questions of why they weren't very active in Free Agency early where signing bonus (up front money) is very much in play and desired by the players. Especially with this number probably to be dwarfed with Rodgers deal coming soon.
User is suspended until 4/29/2043 11:56:55 PM(UTC) texaspackerbacker  
#3 Posted : Thursday, April 18, 2013 10:13:36 AM(UTC)
Yeah, it sounds good to me. It didn't minimize the cap hit, but close enough to it without the big risk of dead money if something terrible happens in the short to medium term.
DoddPower  
#4 Posted : Thursday, April 18, 2013 1:11:09 PM(UTC)
Pack93z said: Go to Quoted Post
Well, that is about as good as it gets in a contract of this size in terms of protection for the team.. basically.. after 2014 they could shed his contract for basically a wash of his cap number of that deal. Still would hurt, but in a worst case scenario, it at least minimizes the damage somewhat. And it leaves some pretty good chunks of base salary to work with if the Packers need to move cap money around.

I think that up front money answers much of the questions of why they weren't very active in Free Agency early where signing bonus (up front money) is very much in play and desired by the players. Especially with this number probably to be dwarfed with Rodgers deal coming soon.


Can someone remind me why signing bonus money has to be evenly paid out throughout all years of the contract? Why can't teams have more flexibility in that regard? I'm sure there's good reasoning behind it.

buckeyepackfan  
#5 Posted : Thursday, April 18, 2013 2:56:57 PM(UTC)
Pack93z said: Go to Quoted Post
Well, that is about as good as it gets in a contract of this size in terms of protection for the team.. basically.. after 2014 they could shed his contract for basically a wash of his cap number of that deal. Still would hurt, but in a worst case scenario, it at least minimizes the damage somewhat. And it leaves some pretty good chunks of base salary to work with if the Packers need to move cap money around.

I think that up front money answers much of the questions of why they weren't very active in Free Agency early where signing bonus (up front money) is very much in play and desired by the players. Especially with this number probably to be dwarfed with Rodgers deal coming soon.


If my figuring is right, cap hit is in red. I did this for myself, just to make it easier to understand.

I'm surprised the base salary escalates so much between 2014-2105, was hoping the big jump would be after the 2016 season.

2014: $1 million base salary, $5 million roster bonus due on the third day of the league year in March, a $500,000 per game roster bonus ($31,250 for each game on the active roster) and a $500,000 workout bonus.

4.1mil + 1mil + 1mil = 6.1mil

2015: $7.6 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

4.1 mil + 7.6mil + 1mil = 12.7mil

2016: $8.65 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

4.1mil + 8.65mil + 1mil = 13.75mil

2017: $10.1 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

4.1mil + 10.1mil + 1mil = 15.2mil

2018: $10.4 million base salary, $500,000 per game roster bonus and $500,000 workout bonus.

10.4mil + 1mil = 11.4mil

His $20.5 million signing bonus is pro-rated over five years, so it counts $4.1 million against the cap from 2013-'17 but doesn't count anything in 2018.
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