It is currently Sat Aug 18, 2018 5:32 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 44 posts ]  Go to page Previous  1, 2, 3, 4, 5  Next
Author Message
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 11:19 am 
Offline
User avatar

Joined: Thu Jul 10, 2014 1:01 am
Posts: 10564
Jeemie wrote:
And Lakecrest above shows that even though the total contract is $137.5 M, it seems to be structured so they can cut him without a huge cap hit after a couple of years.


whut?!?

$74M guaranteed is $74M guaranteed. If they give him 3 years to prove himself, AT BEST they will have paid him at least $26M for each of those years (regardless how they spread that out over 5-6 years).

Unless it's been reported wrong, that is uncharacteristically stupid and risky for a team that has actually been on the cutting edge of contract structures (i.e. Kaepernick).

_________________
------------------------------------------------------


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 11:45 am 
Offline
User avatar

Joined: Tue Jul 08, 2014 9:34 pm
Posts: 22789
Kodiak wrote:
Jeemie wrote:
And Lakecrest above shows that even though the total contract is $137.5 M, it seems to be structured so they can cut him without a huge cap hit after a couple of years.


whut?!?

$74M guaranteed is $74M guaranteed. If they give him 3 years to prove himself, AT BEST they will have paid him at least $26M for each of those years (regardless how they spread that out over 5-6 years).

Unless it's been reported wrong, that is uncharacteristically stupid and risky for a team that has actually been on the cutting edge of contract structures (i.e. Kaepernick).


Maybe they really like him.

I see what you’re saying but with all their cap space right now, I don’t see it as as huge an issue as it might be for other teams.

_________________
“Your ability to think concisely, your ability to make good judgments is much easier on Thursday night than during the heat of the game."

"That Super Bowl was not won yesterday. It was won in a small room in Philadelphia, two weeks ago."


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 11:47 am 
Offline
User avatar

Joined: Tue Jul 08, 2014 9:34 pm
Posts: 22789
BethlehemSteel wrote:
Here is the latest on Borges

Quote:
Posted by Michael David Smith on February 9, 2018, 8:20 AM EST

Getty Images
It’s been a rough morning for Boston Herald columnist Ron Borges.

Borges believed he had a major scoop in today’s paper: A column citing unnamed “sources” close to Tom Brady saying that Brady was ready to hold out of offseason work if the Patriots didn’t give him a significant pay raise, comparable to the contract the 49ers just gave Brady’s former backup Jimmy Garoppolo. But then WEEI revealed that one of its listeners had hoaxed Borges with a text purporting to be from Brady’s agent, and that the whole premise of Borges’ column was bogus.

PFT checked with the Boston Herald‘s sports editor, Sean Leahy, who told us, “We’re looking into it.”

Meanwhile, the Boston Herald has pulled Borges’ column off its website, which strongly suggests that they’ve already concluded that “looking into it” is something that Borges failed to do when he got the text.

Borges cited “sources,” plural, in his column saying that Brady would hold out, but it appears that Borges was relying on only one source, and that one source was a prankster who fooled him. Borges has a history of poor journalistic practices, including an instance of plagiarism that precipitated his departure from the Boston Globe. We’ve caught Borges copying and pasting from PFT without credit in the past. Now he has egg on his face again.


Looks like Kraft got back at the Colts, and also Borges.

Love how they give the fuck you after the getting the biggest FUCK YOUS losing the SB


Again, PFT’s stance here is fucking hilarious since FLORIO HIMSELF REPOSTED BORGES’ ORINGINAL STORY.

So...pot...meet kettle.

_________________
“Your ability to think concisely, your ability to make good judgments is much easier on Thursday night than during the heat of the game."

"That Super Bowl was not won yesterday. It was won in a small room in Philadelphia, two weeks ago."


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 11:50 am 
Offline
User avatar

Joined: Thu Jul 10, 2014 1:01 am
Posts: 10564
Jeemie wrote:
I see what you’re saying but with all their cap space right now, I don’t see it as as huge an issue as it might be for other teams.


They can absorb it. But 8-figure mistakes hurt your team no matter how you slice it.

Even if he is a stud, I think that contract overpays him a good bit. There's no way he should be the highest paid QB in football, and it's unlikely he'd be looking at that kind of money 4-5 years from now even if he DOES ball.

_________________
------------------------------------------------------


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 2:00 pm 
Offline

Joined: Mon Oct 19, 2015 11:10 am
Posts: 759
Kodiak wrote:
Jeemie wrote:
And Lakecrest above shows that even though the total contract is $137.5 M, it seems to be structured so they can cut him without a huge cap hit after a couple of years.


whut?!?

$74M guaranteed is $74M guaranteed. If they give him 3 years to prove himself, AT BEST they will have paid him at least $26M for each of those years (regardless how they spread that out over 5-6 years).

Unless it's been reported wrong, that is uncharacteristically stupid and risky for a team that has actually been on the cutting edge of contract structures (i.e. Kaepernick).


I disagree and don't think it is that stupid and risky. You can't think of it as $74 million saved or spent elsewhere. If you find your franchise QB you have to pay franchise QB money. I think it will be at least a 3 year experiment barring a complete implosion. So the only way to not pay this type of money is to dick around with draft picks or journeymen, and you can point to Cousins to show, even that can get expensive.

So if you buy the premise that it is a 3 year experiment, the money risked is not that great, you would pay it for anyone with the FranQB moniker. If you do the math, the $14.8 to probably $22 million a year, the 4th year is where all the risk pools, assuming you can't get the decisive "give him another year" read. Obviously if he blows out of the gate you have wasted $74 million, almost 1/10th of a billion! Every pay check is a gamble. Is he a/the FranQB? Time will tell. I like the drawing the sand in the line. This is our FranQB, you have your marching orders; go forth and conquer! Go focus on the rest of the team, and build everything around the QB on offense. It gives the ship a chartered course for 3 years, gives you a face of the franchise, and puts people in the seats for at least 2 years. If it doesn't work out, hit the reset button on QB.

Don't forget most every team has wasted several million dollars on one position in the last 3-5 years. I can think of TE on the Steelers.

For the record I know no details of the contract other than the guaranteed $74 million which I read in several headlines.


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 2:23 pm 
Offline
User avatar

Joined: Wed Jul 09, 2014 7:18 pm
Posts: 4420
Location: Sunny Delaware (but the murdery part)
Still Lit wrote:
BethlehemSteel wrote:
Wrong, your donation is re-distributed wealth, PBS gets our tax money....another slush pile which should be blown the fuck out of the water


I'm not wrong about anything. I know exactly what PBS is. Donations are to local stations to pay for airing the programming and all that entails.

Happy to help keep Judy Woodruff on the air.

What's it like to be such a dumb fuck? Is it fun?


So, Beth is anti-Daniel Tiger and Sesame Street? Sheesh.


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 2:47 pm 
Offline
User avatar

Joined: Thu Jul 10, 2014 1:01 am
Posts: 10564
LakecrestSteeler wrote:
If you do the math, the $14.8 to probably $22 million a year, the 4th year is where all the risk pools, assuming you can't get the decisive "give him another year" read.


It's $74M guaranteed. Salaries the first 3 years is probably at least another $10M. That's not franchise money, that's HOF money.

Potential dead money after 3 years is probably at least another $10M. That's the 8-figure mistake I'm talking about. This is a stupid dumb deal for a team that is usually very savvy about the cap - basically a $100M bet on Garappolo.....do THAT MATH over 3 years.

And it looks like a panic move because of the cap space you have and having shipped an R2 pick for "exclusive rights".

_________________
------------------------------------------------------


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 4:41 pm 
Offline

Joined: Mon Oct 19, 2015 11:10 am
Posts: 759
Image



Jimmy G gets $48.7 million fully guaranteed at signing
Posted by Mike Florio on February 9, 2018, 2:09 PM EST


Getty Images
The numbers are out regarding the Jimmy Garoppolo. They appear below, along with a full analysis of the terms and the deal.

1. $7 million signing bonus.

On a five-year deal, the low bonus results in a cap charge of only $1.4 million per year.

2. $28 million fully-guaranteed roster bonus.

For a cap-rich team like the 49ers, this device gives Garoppolo a bunch of money at signing, and chews up all of the cap space immediately, with no proration.

3. 2018 base salary of $6.2 million, fully guaranteed at signing.

The first-year salary in any long-term deal is almost always guaranteed as a practical matter; who’s going to cut the guy the same year they signed him?

4. 2019 base salary of $17.2 million guaranteed for injury at signing, $7.5 million of which is fully guaranteed at signing.

While the breakdown from Adam Schefter of ESPN.com isn’t entirely clear on this point, it appears that the full guarantee vests on April 1, a late (relatively speaking) deadline. The 49ers used the same device in the Colin Kaepernick deal, giving them an extended chance to make a decision about whether to continue the deal.

5. 2020 base salary of $23.8 million, $15.7 million of which is guaranteed for injury at signing.

Injury guarantees often are meaningless, but in the event of a serious injury, it’s essentially a free insurance policy. The 2020 injury guarantee apparently becomes a full guarantee on April 1, giving the 49ers some flexibility in determining whether to keep him.

6. 2021 base salary of $24.1 million and 2022 base salary of $24.2 million.

These are non-guaranteed amounts and, essentially, club options for the final two years of the deal.

7. Workout bonuses of $600,000 for 2018 through 2022. (Total value: $3.2 million.)

Garoppolo undoubtedly will meet the annual participation threshold and earn these amounts every year.

8. Per-game roster bonuses of $800,000 for 2018 through 2022. (Total value: $3.2 million.)

While many assume that per-game roster bonuses are money in the bank, an injury can be costly, as Aaron Rodgers learned in 2017. For Garoppolo, every game includes $50,000 that he receives only if he suits up.

9. Further injury guarantee of $7.5 million.

The breakdown from Schefter explains that a $7.5 million injury guarantee applied if Garoppolo “makes it to NFC Championship game or is first- or second-team All Pro.” It’s unclear whether this applies only to the 2021 season or other years of the deal, and there’s no mention of the year(s) in which the incentive applies.

10. The cash flow is $46.2 million through 2018, $61.2 million through 2019, $86.4 million through 2020, $111.9 million through 2021, and $137.5 million through 2022.

Schefter claims that the $61.2 million through two years represents a $10 million bump over what Garoppolo would have made under the franchise tag through 2019. That’s accurate only if the 49ers would have used the non-exclusive tag; if they would have applied the exclusive version of the tag (cutting off another team’s ability to sign him away in exchange for two first-round picks), the gap would have been more like $5 million.

Schefter also says that, after three seasons, Garoppolo “walks away” with $86.4 million. While he’ll indeed make that much over three years (roughly $4 million less than three years of the non-exclusive tag and more than $10 million less than three years of the exclusive tag), Garoppolo won’t be walking away. The 49ers will still hold his rights for two years and $48.3 million — an average of $24.15 million per year. By then, the market for franchise quarterbacks should be well north of $30 million.

For a guy who didn’t get a big-money rookie deal and who has started only seven games, it makes sense to cash in. Still, he could have ultimately done better by forcing two or three years of the tag, especially since 2021 and 2022 would have been the first two years of a market-value contract, not the below-market back end of a five-year deal.

That said, it’s easier for a player who already has banked millions to take that risk. For Garoppolo, a second-round pick in 2014, the safe move arguable was to take the large bird in the hand in lieu of the slightly larger bird in the bush. This dynamic actually makes the willingness of Kirk Cousins to play tag in two straight years even more impressive, given that he entered the league as a fourth-round pick. Two years and $44 million later, he’ll either hit the market unfettered or make $34.47 million if Washington is dumb enough to tag him again.


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 4:54 pm 
Offline

Joined: Mon Oct 19, 2015 11:10 am
Posts: 759
Apparently he gets money for fishing in 2019 too.


Top
 Profile  
 
 Post subject: Re: OT - New Largest NFL Contract to Garoppolo
PostPosted: Fri Feb 09, 2018 4:56 pm 
Offline

Joined: Mon Oct 19, 2015 11:10 am
Posts: 759
Kodiak wrote:
LakecrestSteeler wrote:
If you do the math, the $14.8 to probably $22 million a year, the 4th year is where all the risk pools, assuming you can't get the decisive "give him another year" read.


It's $74M guaranteed. Salaries the first 3 years is probably at least another $10M. That's not franchise money, that's HOF money.

Potential dead money after 3 years is probably at least another $10M. That's the 8-figure mistake I'm talking about. This is a stupid dumb deal for a team that is usually very savvy about the cap - basically a $100M bet on Garappolo.....do THAT MATH over 3 years.

And it looks like a panic move because of the cap space you have and having shipped an R2 pick for "exclusive rights".


Some predict Jimmy G. will drop fairly substantially on the QB list too, once all the franchises race to sign or extend their QB's to beat the next big deal around the corner. I think our Steelers will be in that race too with #7. Maybe it won't be like HOF money at the end of the summer.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 44 posts ]  Go to page Previous  1, 2, 3, 4, 5  Next

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: Google [Bot], JackSplat58 and 13 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
FORUM RULES --- PRIVACY POLICY




Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group