How much is left for McGahee???

[clumping platelets]

Bills rookie pool is $3,356,039. Assuming each draft choice is given rookie minimum (I'll get back to McGahee later) of $225,000, 8 draft choices x $225,000=$1.8 million. That leaves $1,556,039 for bonus amortization (actually any type of bonus).

Already had the following draft choices sign:

4) WR Aiken (rookie minimum salary and $274,000 signing bonus over 3 yrs, thus his bonus amortization is $91,333/yr)
5)OL Sobieski (rookie min. and $115,382 signing bonus over 3 yrs, thus his bonus amortization is $38,461)
6)DT Sape (rookie min. and $68,500 signing bonus over 3yrs, thus his bonus amortization is $22,833)

Undrafted rookie FAs count about $11,000, so if you add those 4 numbers up, you get $163,627. That leaves $1,392,412 for the remaining draft choices. I'll start with 7th rd pick LB Haggan and work to McGahee.

7) LB Haggan: likely to sign 3 yr deal for rookie min. salaries(225K, 305K, and 380K). Signing bonus approx. $37,320 over 3 yrs

$1,392,412
- 12,440
----------------
$1,379,972

4) CB McGee: many 4th rd picks are signing 4 yr deals w/ rookie min. salaries and I'll go that trend. Player drafted #117 rec'd s.b of $320,000 over 4 yrs. I'll give him $334,000 over 4 yrs ($83,500/yr)

$1,379,972
- 83,500
---------------
$1,296,472

3)LB Crowell: same here, 4 yrs w/ rookie minimums. Pick #92 rec'd $425,000, so I'll give Angelo $432,000 over 4 yrs ($108,000/yr)

$1,296,472
- 108,000
---------------
$1,188,472

2) DE Kelsay: may get 5 yr deal because 2 players after him have(ATL's DB Bryan Scott(signed) and MIA's LB Eddie Moore(soon) ). Scott rec'd $1.25 million signing bonus at pick #53, so I'll give Kelsay $1.4 million over 5 yrs ($280,000/yr) at pick #48 and I'll even start him off at a slightly higher salaries of $325,000, $365,000, $400,000, $475,000, and $500,000 for a total of $3.465 million. His additonal cap charge over the rookie minimum is $380,000

$1,188,844
- 380,000
---------------


$808,472<--------left over for McGahee

1) RB McGahee: he already counts $225,000 on rookie cap, so his cap hit can be $808,472 more. He's likely to be on PUP, so his salary is basically guaranteed for the season. However, I wouldn't give him any more than $500,000 salary. That's $275,000. I would also give him $75,000 workout bonus. So, that leaves $458,472. Multiply that number by 5 yrs and you get a signing bonus of $2,292,360. HOWEVER, I do not give him that whole amount. I would give him $1,750,000 in 2003 and spread that out over 5 yrs and then give him a 2004 roster bonus and option payment. $1.75 million signing bonus would be amortized at $350,000/yr, thus Bills would still have $108,472 available on the rookie cap


My post from http://www.billszone.com/fanzone/showthread.php?s=&threadid=22407

[NewYorkCity Backers]

I must admit that though I know a tremendous amount about how the game and how it is played, I know very little about the salary cap, contracts, and etcetera.

clumping platelets, in your opinion, is this figure good or bad?

Thank you for your intense dedication to helping us understand the often-confusing salary cap.

[clumping platelets]

http://espn.go.com/nfl/afc/draftsignings2003.html

As stated above, the Bills have a rookie pool allocation of $3,356,039. All the draft choices have signed contracts that pay them the rookie minimum of $225,000. 7 picks X $225,000=$1.575 million.

That leaves $1,781,039

The bonus amortization of each draft choice is:

Kelsay: $343,750
Crowell: $138,333
McGee: $102,500
Aiken: $91,333
Sobieski: $38,494
Sape: $22,833
Haggan: $11,917
UDFAs: $13,500

That totals: $762,660

$1,781,039
-$762,660
---------------
$1,018,379 <----------Left for McGahee

Thus, McGahee's rookie cap cannot be greater than $1,018,379

Subtract first year salary of $225,000. you would have $793,379 available for bonus amortization, however, it's unlikely he would get the rookie minimum, but since he's unlikely to play much, if at all, I do not see his salary being any higher than #27 overall, RB Larry Johnson who will get a 2003 salary of $452,000. Thus, the range for TD to work with for bonus amortization/other bonuses is:

$793,379 if salary at rookie minimum

OR

$566,379 if salary at same level as Larry Johnson

If these numbers are multiplied by number of years of the potential deal, you would get the maximum signing bonus:

$793,379 x 5 yrs = $3,966,895// 6 yrs is $4,760,274// 7 yrs is $5,553,653

$566,379 x 5 yrs = $2,831,895// 6 yrs is $3,398,274// 7 yrs is $3,964,653

___________________________________________________

However, it's likely his signing bonus would be a two-tiered based on ability to play. I will project this: Max cap number for McGahee is $1,018,379.

Salary: $400,000
Workout bonus: $75,000
Bonus amortization: $400,000 (translates to an upfront signing bonus of $2.8 million on a 7 yr deal like Larry Johnson rec'd and get a second option payment that starts in 2004)
2003 playing incentives: $100,000

That leaves $43,379 in the rookie cap allocation

:D

[TypicalBill]

All the signed players got 3 year contracts except Kelsay who got 4.... what do you think about that CP? shouldn't we have signed some of them 4 years to avoid what happened with the Jets? or did we do the right thing?

[clumping platelets]

Originally posted by NewYorkCity Backers
I must admit that though I know a tremendous amount about how the game and how it is played, I know very little about the salary cap, contracts, and etcetera.

clumping platelets, in your opinion, is this figure good or bad?

Thank you for your intense dedication to helping us understand the often-confusing salary cap.


TD has a lot of flexibility on contract structure. Larry Johnson, who was selected at #27 has a 2003 cap charge of $924,857 which is $93,522 less than McGahee's max. cap number. Johnson rec'd only a signing bonus and salary in 2003, but he's expected to play in 2003. It shouldn't be much of a problem now that TD and McGahee's agent know the max. rookie cap allocation for him

[clumping platelets]

Originally posted by TypicalBill
All the signed players got 3 year contracts except Kelsay who got 4.... what do you think about that CP? shouldn't we have signed some of them 4 years to avoid what happened with the Jets? or did we do the right thing?


I'm not too concerned because the cap situation is pretty solid for the next few yrs to come, so TD will have the cap space to sign them prior to RFA or match any offer sheets they may receive

[TypicalBill]

:up: