McGee restructured deal

[Wittman21]

@buffalobills #Bills & CB Terrence McGee 2day agreed on a restructured contract

[Wittman21]

Re: McGee restructured deal

terms of deal not yet disclosed

[ServoBillieves]

Re: McGee restructured deal

Verified by v-text.

Good move... I think? I dunno, if it's restructured that's a plus.

[Wittman21]

Re: McGee restructured deal

yea I don't really know what to think about this....does it free up money this year for FA (or penny pinching), or is it more incentive based (games played, etc)?

[Wittman21]

Re: McGee restructured deal

Joe Buscaglia @JoeB_WGR-
According to a source, new deal gives the Bills security if 24 isn't healthy, but allows him to make the original money if healthy & playing

[Buddo]

Re: McGee restructured deal

yea I don't really know what to think about this....does it free up money this year for FA (or penny pinching), or is it more incentive based (games played, etc)?

Doesn't necessarily free money up, from what I've seen elsewhere, but it is incentive based. i.e. if he plays the majority of the season, he gets paid as before, but if he doesn't, the Bills are off the hook so to speak.

I like this move tbh. I'd still trust a healthy McGee far more than any other current CB on the roster, although a couple have lots of room for future improvement.
Helps with depth too.

[tampabay25690]

Re: McGee restructured deal

When healthy he is by far are best CB...
So good move if he is good to go...
This will just help develop AJ Williams and Rogers, and also help Leodis....
Still draft another CB.

[jimbledsoe]

Re: McGee restructured deal

If healthy, Mcgee is a good CB and can be solid depth depending on our defensive scheme. I believe this is a good move.

[Ed]

Re: McGee restructured deal

It will be interesting to see the numbers, but I think the more significant fact is that McGee is probably no longer a candidate for being released. I wonder if the Bills gave him the option of restructuring or getting released.

[scartown]

Re: McGee restructured deal

Terrence McGee received a $300,000 signing bonus and his base salary is now $1.35 million for 2012, per a league source. From Aaron Wilson twitter

The bills save about 2 million in base salary for this season

[CleveSteve]

Re: McGee restructured deal

How many games did he play last year? One thing a clause like this does is move money into the "Not Likely to be Earned" or "Likely to be Earned." NLTBE escalators are not counted against the current year's cap while LTBE escalators are counted against the current cap. Both are based on previous years' performance.

If the LTBE escalator is not reach, the team is credited that amount on next year's cap, since they lost that aount towards this year's cap. If the NLTBE escalator is reached, then that escalator amount counts on next year's cap as dead money (since it was paid to him this year but not counted against this year's cap.)

For example, let's say his contract went from $3.6mil or whatever it was to $1.6mil in salary and $2.0 mil bonus if he plays 12 games. if he played 10 games last year , this $2.0 mil is considered NLTBE and is not counted against this year's cap (saving $2.0 mil on this year's cap while keeping him on the roster.) If he meets the escalator, he makes the $2.0 mil and that amount is dead money on next year's cap.

These numbers I'm using are from the above post. I don't know how many games he played in or what is now in his contract for playing time.

[Ed]

Re: McGee restructured deal

How many games did he play last year? One thing a clause like this does is move money into the "Not Likely to be Earned" or "Likely to be Earned." NLTBE escalators are not counted against the current year's cap while LTBE escalators are counted against the current cap. Both are based on previous years' performance.

If the LTBE escalator is not reach, the team is credited that amount on next year's cap, since they lost that aount towards this year's cap. If the NLTBE escalator is reached, then that escalator amount counts on next year's cap as dead money (since it was paid to him this year but not counted against this year's cap.)

For example, let's say his contract went from $3.6mil or whatever it was to $1.6mil in salary and $2.0 mil bonus if he plays 12 games. if he played 10 games last year , this $2.0 mil is considered NLTBE and is not counted against this year's cap (saving $2.0 mil on this year's cap while keeping him on the roster.) If he meets the escalator, he makes the $2.0 mil and that amount is dead money on next year's cap.

These numbers I'm using are from the above post. I don't know how many games he played in or what is now in his contract for playing time.

So the team doesn't have any say in what they consider LTBE and NLTBE, it's just based on previous stats?

[CleveSteve]

Re: McGee restructured deal

Right, strictly based on previous stats... except for the caveat that all special teams clauses are LTBE. I don't know how it applies to rookie contacts. HAve to assume they'd be NLTBE.

[more cowbell]

Re: McGee restructured deal

I'm guessing this is mostly to free up immediate cap room to use the Franchise tag on Johnson.


If McGee is still not 100 percent in camp, I can't see how he makes the roster...

[more cowbell]

Re: McGee restructured deal




Updating a previous item, Bills CB Terrence McGee's (patella tendon surgery) "restructured" contract is actually a brand new two-year deal.

As opposed to a restructuring, McGee lowered each of his final two base salaries and received a $300,000 signing bonus. His 2012 salary is now $1.35 million, and McGee can make $1.75 million in salary in 2013. Per Scout.com's Aaron Wilson, McGee will earn just over $4 million if he makes the Bills' roster in both seasons. Now being paid like a nickel back, McGee's 2012 salary cap number was lowered from $6.3 million this year to $3.78 million.


Source: Rotoworld