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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Fan Shout
dfosterf (26-Jun) : I think it would be great to have someone like Tom Grossi or Andy Herman on the Board of Directors so he/they could inform us
dfosterf (26-Jun) : Fair enough, WPR. Thing is, I have been a long time advocate to at least have some inkling of the dynamics within the board.
wpr (26-Jun) : 1st world owners/stockholders problems dfosterf.
Martha Careful (25-Jun) : I would have otherwise admirably served
dfosterf (25-Jun) : Also, no more provision for a write-in candidate, so Martha is off the table at least for this year
dfosterf (25-Jun) : You do have to interpret the boring fine print, but all stockholders all see he is on the ballot
dfosterf (25-Jun) : It also says he is subject to another ballot in 2028. I recall nothing of this nature with Murphy
dfosterf (25-Jun) : Ed Policy is on my ballot subject to me penciling him in as a no.
dfosterf (25-Jun) : I thought it used to be we voted for the whatever they called the 45, and then they voted for the seven, and then they voted for Mark Murphy
dfosterf (25-Jun) : Because I was too lazy to change my address, I haven't voted fot years until this year
dfosterf (25-Jun) : of the folks that run this team. I do not recall Mark Murphy being subject to our vote.
dfosterf (25-Jun) : Ed Policy yay or nay is on the pre-approved ballot that we always approve because we are uninformed and lazy, along with all the rest
dfosterf (25-Jun) : Weird question. Very esoteric. For stockholders. Also lengthy. Sorry. Offseason.
Zero2Cool (25-Jun) : Maybe wicked wind chill made it worse?
Mucky Tundra (25-Jun) : And then he signs with Cleveland in the offseason
Mucky Tundra (25-Jun) : @SharpFootball WR Diontae Johnson just admitted he refused to enter a game in 41° weather last year in Baltimore because he felt “ice cold”
Zero2Cool (24-Jun) : Yawn. Rodgers says he is "pretty sure" this be final season.
Zero2Cool (23-Jun) : PFT claims Packers are having extension talks with Zach Tom, Quay Walker.
Mucky Tundra (20-Jun) : GB-Minnesota 2004 Wild Card game popped up on my YouTube page....UGH
beast (20-Jun) : Hmm 🤔 re-signing Walker before Tom? Sounds highly questionable to me.
Mucky Tundra (19-Jun) : One person on Twitter=cannon law
Zero2Cool (19-Jun) : Well, to ONE person on Tweeter
Zero2Cool (19-Jun) : According to Tweeter
Zero2Cool (19-Jun) : Packers are working on extension for LT Walker they hope to have done before camp
dfosterf (18-Jun) : E4B landed at Andrews last night
dfosterf (18-Jun) : 101 in a 60
dfosterf (18-Jun) : FAFO
Zero2Cool (18-Jun) : one year $4m with incentives to make it up to $6m
dfosterf (18-Jun) : Or Lions
dfosterf (18-Jun) : Beats the hell out of a Vikings signing
Zero2Cool (18-Jun) : Baltimore Ravens now have signed former Packers CB Jaire Alexander.
dfosterf (14-Jun) : TWO magnificent strikes for touchdowns. Lose the pennstate semigeezer non nfl backup
dfosterf (14-Jun) : There was minicamp Thursday. My man Taylor Engersma threw
dfosterf (11-Jun) : There will be a mini camp practice Thursday.
Zero2Cool (11-Jun) : He's been sporting a ring for a while now. It's probably Madonna.
Martha Careful (10-Jun) : We only do the tea before whoopee, it relaxes me.
wpr (10-Jun) : That's awesome Martha.
Mucky Tundra (10-Jun) : How's the ayahuasca tea he makes, Martha?
Martha Careful (10-Jun) : Turns out he like older women
Martha Careful (10-Jun) : I wasn't supposed to say anything, but yes the word is out and we are happy 😂😂😂
Mucky Tundra (10-Jun) : I might be late on this but Aaron Rodgers is now married
Mucky Tundra (10-Jun) : Well he can always ask his brother for pointers
Zero2Cool (10-Jun) : Bo Melton taking some reps at CB as well as WR
Zero2Cool (10-Jun) : key transactions coming today at 3pm that will consume more cap in 2025
Zero2Cool (9-Jun) : Jaire played in just 34 of a possible 68 games since the start of the 2021 season
Zero2Cool (9-Jun) : reported, but not expected to practice
Zero2Cool (9-Jun) : Jenkins has REPORTED for mandatory camp
Zero2Cool (9-Jun) : I really thought he'd play for Packers.
buckeyepackfan (9-Jun) : Packers releasing Jaire Alexander.
Mucky Tundra (8-Jun) : (Context: he wants his defense to create turnovers)
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