Clarification on the potential Peppers contract
Posted by Mike Florio on February 2, 2010 9:08 AM ET
We posted on Monday an item regarding the limitations that will apply to the teams inclined to sign Panthers defensive end Julius Peppers to a big-money, 12:01 a.m.-style contract.
And thanks to an astute reader, we need to clarify our point. (That's a fancy word for "we f--ked something up.")
The so-called Final Eight Plan restricts the ability of the teams that made it to the divisional round or higher to sign unrestricted free agents. For the final four teams (Colts, Saints, Jets, Vikings), our explanation regarding Peppers' situation remains accurate. (In other words, we didn't f--k it up.) For the next four teams (Cowboys, Cardinals, Ravens, Chargers), there's one exception that applies as it relates to big-money contracts.
The Final Eight Plan permits the division-round losers to sign one player to a contract having an adjusted salary in the first year of $5.5 million or more. (For some reason, we thought it was "or less." Thus, the f--kup.) The division-round losers also may sign an unlimited number of unrestricted free agents to contracts with first-year adjusted salaries of $3.7 million or less, with limitations on future growth.
In English, this means that the Cowboys, Cardinals, Ravens, and Chargers can sign one guy to a Haynesworth-style contract at 12:01 a.m. ET on the first day of free agency. Thus, the presumably big-spending Cowboys can still pursue Peppers (or some other big-name unrestricted free agent), if they so choose.
The conference finalists, however, can't. And then there's the reality that most teams are expected not to spend huge money on player contracts, as part of the 2011 lockout fund.
So whether it's four or eight teams that can't pursue Peppers, it will be a surprise if he lands a $100-million deal.
And, again, Julius shouldn't be uttering "et tu?" when the Ides of March approach, given that he made more than $18 million in 2009.