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Trevor Lawrence: Franchise QB (TL Discussion, Merged Threads)
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(09-25-2024, 06:43 PM)rpr52121 Wrote:(09-25-2024, 06:29 PM)Jaguarmeister Wrote: You misunderstand what you're looking at on Spotrac. Most of the options are part of the guarantees which is represented by the dead cap. The 2027 option is mostly ($29M of $35M) already guaranteed. Only the 2028 option is not guaranteed at this time. All future guarantees and the full signing bonus have to be immediately recognized at the moment of trade which is how you get to calculate the dead cap figure. Not sure where you're getting $30M as spotrac doesn't list that anywhere as a dead cap number for 2025, not even close. It's as cland has it listed above as it's $133M, though it does drop to $88M in 2026, not $116M. Interesting. The notes below the contract on Spotrac explain that the options are fully guaranteed thru 2026 and mostly guaranteed in 2027. When you add them all up with the signing bonus you get the dead cap figure. I understand the pre and post cut/trade of pushing some of the dead cap into the following year, but those numbers you linked don't make sense given the options aren't really options if they are already guaranteed as it states. It's only counting the signing bonus on the trade calculation. Maybe the fact they are "options" means the dead cap for them trades with the player? Or perhaps the dead cap for it doesn't get accelerated into the current year but remains in the option year? Or perhaps they are treating them as non-guaranteed options and are not properly accounting the full ramifications? I don't think I've looked at a contract that's set up this way before with so much mostly guaranteed option money. Either way, if the team that drafted and extended a guy is suddenly looking to and willing to ship him off, that should be a red flag to any other GM and they're not going to be doing us any cap favors in the process as someone is on the hook for those guarantees. They have to be paid and they have to be accounted for against someone's cap (probably ours). If the receiving team is on the hook, I'd bet they'd be negotiating for us to pay for and eat a lot of that option cap hit to get rid of our "problem". It's just not happening. You don't sign a guy to that deal and then 3 games in say "you know what? Nah." |
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