Zero2Cool
2 years ago
"For his 2023 salary, the #Jets picking up Aaron Rodgers’ already guaranteed option bonus of $58.3M means that it converts to a signing bonus for cap reasons -- creating $43.7M of cap space and making his 2023 hit $15.7M."

I thought the cap hit was already $15.7m for whomever Rodgers played for if not Packers. Based on what I'm reading on the Tweeter, this conversion somehow helped the Packers in 2024. I won't speak onto how because I'm reading things that aren't making much sense, but that's the idea anyhow. Whatever this conversion does accounting wise, apparently helps the Packers in 2024 and also helps Jets in 2024 -- salary cap wise. ALLEDGEDLY. Trying to trace down facts.


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dfosterf
2 years ago
ESPN 
"Rodgers is expected to renegotiate his contract prior to the trade being finalized"

Who the heck knows what that will mean? 
Renegotiate can mean restructure, it can also mean a pay cut. 

It's complicated.
 
wpr
  • wpr
  • Preferred Member
2 years ago
Cap hits confuse me. I think the media claims in the past assumed that NYJ would convert the bonus. Otherwise they couldn't trade for him.
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Zero2Cool
2 years ago

Aaron Rodgers signed his revised contract with the #Packers before 4 p.m. ET Tuesday, per source. So everything remains on schedule: Trade papers can be filed after 4 p.m. ET today and Rodgers will officially become a member of the #Jets.

The restructure pushed all but the minimum salary and a small workout bonus into 2024, so New York will need to rework it again. Green Bay will carry a roughly $40 million dead cap hit in 2023 and Rodgers will be off the books in 2024.

By reworking the deal this way, Green Bay saves $14.575M in 2023 cap space instead of getting a credit in 2024. For at least the next couple days, Rodgers is due $1.215 million in 2023 and $107.6 million in 2024. This will obviously change.

T  wrote:



The part that we only care about is OFF THE FOOKING BOOKS IN 2024!!!


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Zero2Cool
2 years ago

Before Aaron Rodgers left his old team, he signed a new contract.

Per multiple sources, Rodgers agreed to a simple tweaking of his deal that created $14.575 million in 2023 cap space for the Packers.


The contract has a $58.3 million option bonus, which converts to base salary if not exercised by Week One. The Packers had been carrying this year’s allocation of the bonus — $14.575 million — along with his base salary for 2023. In a revision to the contract, the exercise window was shifted to erase the $14.575 million cap charge.

The alternative would have been to pick up the credit in 2024. The new deal allowed the Packers to get the benefit of the reduction now.

That reduces the cap charge from $37.4 million to $22.825 million, and it clears Rodgers from the books in 2023.

The Jets will have a cap number of $15.79 million in 2023, with the cap charge for $43.725 million of the option bonus pushed to future years.

Bottom line? The bottom line remains the same for Rodgers. He’ll make nearly $60 million in 2023 alone.

Mike Florio wrote:



I was told the cap hit was $40m after Rodgers was traded and that it could not be altered. Such a craziness.
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buckeyepackfan (1h) : Packers releasing Jaire Alexander.
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dfosterf (6-Jun) : Semper fi !
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wpr (6-Jun) : "Come on, you sons of bitches. Do you want to live forever?"
wpr (6-Jun) : Facing a line of machine guns 2 time medal of Honor recipient, First Sergeant Dan Daly told his men,
wpr (6-Jun) : Another detachment went into the Belleau Wood.
wpr (6-Jun) : On the 6th the Marines took Hill 142 but suffered terrible losses.
wpr (6-Jun) : It’s time to remember dfoster’s Marine brothers in Belleau Wood. The battle went on from June 1-26. Nearly 10,000 casualties.
packerfanoutwest (6-Jun) : Nick Collins and Morgan Burnett have signed with the PACK
packerfanoutwest (6-Jun) : he won't be wearing #12, maybe he will wear number two
packerfanoutwest (6-Jun) : He will fail this season, should have retired
Mucky Tundra (5-Jun) : Thus the cycle of Hall of Fame Packer QBs going to the Jets and then the Vikings is broken
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Zero2Cool (5-Jun) : It's the cycle of civilizations. Get lazier, lazier, softer, softer and vanish.
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dfosterf (4-Jun) : *directions*
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dfosterf (4-Jun) : Jim Marshall was an all-time great DE for the Purple People Eaters. Didn't like him. That's a compliment. RIP
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Zero2Cool (3-Jun) : “Kenny Clark played all of last season hurt by the way and got surgery to fix it in January”
Mucky Tundra (3-Jun) : @ByRyanWood How much did the injury affect him last fall? “A lot.”
Mucky Tundra (3-Jun) : @ByRyanWood Kenny Clark said he had foot surgery in January. Injured his foot in opener against Eagles and played through it all year.
Zero2Cool (3-Jun) : Golden is wearing guardian cap again. I bet he plays with it on too.
Mucky Tundra (3-Jun) : All the stuff I'm reading from Lions fans are pointing at his toe; he more or less has permanent turf toe in one of his big toes
dfosterf (3-Jun) : Kenny played through it, and a shame he gets little credit for that, imo
dfosterf (3-Jun) : Big men. I hope it's not the undoing of Kenny Clark
dfosterf (3-Jun) : Probably his toe. Pretty much a great center. Toe injuries are brutal to bigen
Mucky Tundra (2-Jun) : Lions All-Pro C Frank Ragnow retires
wpr (30-May) : It's all good.
beast (30-May) : Yeah, and I enjoyed your comments and just attempted to add to it. Sorry if I did it incorrectly.
wpr (30-May) : Beast I never said Henderson was the salt of the earth. Nor even that he was correct. Just quoting the guy.
Zero2Cool (29-May) : What did you do??
Zero2Cool (29-May) : Whoa
beast (29-May) : OMG the website is now all white, even some white on white text
beast (29-May) : Henderson, who admits to taking cocaine during the Super Bowl against the Steelers, might dislike Bradshaw as he lost two Superbowls to him
wpr (28-May) : Hollywood Henderson said Bradshaw “is so dumb, he couldn't spell 'cat' if you spotted him the C and an A.”
Mucky Tundra (28-May) : Cooper stock=BUY BUY BUY
Mucky Tundra (28-May) : Also notes he’s playing with more confidence.
Mucky Tundra (28-May) : @AndyHermanNFL MLF says there was a time last year where Cooper was at 220 pounds. Now he’s at 240 and still flying around.
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