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Telvin Smith restructures deal with Jaguars
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(03-21-2018, 04:50 PM)FreeAgent01 Wrote:(03-21-2018, 11:21 AM)MalabarJag Wrote: Actually, this was a very common restructure. Teams have been doing this since the salary cap was created. Then you didn't read my earlier post. It frees up about $4 million in cap space for 2019 by spreading out the cap hit for the $8 million over 4 years instead of having it all in 2018, and it had to be done now because it was a roster bonus that had to be either paid or restructured. Mathematically, it works like this: the cap hit for the roster bonus for 2018 was $8 million. Now it's all spread out, over 4 years, at 2 million per year. That saves $6 million this season, which can be rolled over to next season. The $6 million rollover, minus the $2 million in amortization for 2019, yields a cap savings of $4 million for 2019, and an extra cap hit in 2020 and 2021 of $2 million per year. |
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