DJ's left nut |
03-16-2022 09:38 AM |
Quote:
Originally Posted by The Franchise
(Post 16194040)
Anyone have any idea how a restructure works with 2 years left on the contract....and then cutting them the next year?
Do you just get more of a dead cap hit in the final year because you've converted a roster bonus into a signing bonus and split it out over those two years?
I'm just wondering if they could restructure Chris Jones and still get out of the contract in his last year if they wanted to.
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You could do it, but with Jones still being fairly young, I would imagine any restructure includes a 3rd year on the deal.
If they stuck to just a 2-year deal, you'd turn that $18 million roster bonus into a signing bonus and maybe put a void year on the back end. That would take the 18 million and split it into 3 chunks of $6 million so you'd bring his cap hit this year from $19 million down to about $7 million. The downshot is you create $12 million in hard cap money in 23 and 24 (again, presuming the void year). And his base is at $19 million for next season so you're looking at a cap hit of $25 million.
Now at that point you could presumptively take that $19 million base and AGAIN bonus it out as part of a 2 year extension. So then he's on a 3 year deal starting in 2023 w/ the $6 million in restructure bonus on the cap plus ANOTHER $6 million ish from the extension as a signing bonus cap charge. So you're starting in 2023 with a cap figure of $12+ million. Presuming a relatively low year 1 salary you could get away with about $14 million but you've now stuck dead money into 2024 and 2025 as well and likely some pretty hefty salary figures in there.
It could all be done but you'd need a willing partner in Jones. Or ultimately you just eat some shit next year if you chose to cut him and whatever roster bonus you converted to a restructure bonus all hits the cap next year (or potentially over 2 years if June 1 tagged).
Clear as mud?
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