Bills sign OT Cordy Glen to 5 Yr Deal [Archive] - BillsZone.com

SpikedLemonade

05-03-2016, 04:09 PM

$65 Million, $36 Million Guaranteed.

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$30 of the $36 million guaranteed is in 2016 and 2017. Heavily front loaded contract.

That contract is too rich but the way we draft and evaluate OL talent do we really have any choice but to pay it?

DraftBoy

05-03-2016, 04:11 PM

2nd most guaranteed money for an OT in the NFL, 32nd most in the NFL overall.

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That contract is too rich but the way we draft and evaluate OL talent do we really have any choice but to pay it?

Always have a choice, we just may not always agree/like the decision.

EDS

05-03-2016, 04:14 PM

What is the cap hit for the each of the next two years?

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Good deal for Cordy.

DraftBoy

05-03-2016, 04:14 PM

What is the cap hit for the each of the next two years?

Not 100% sure yet, he's getting $19 million in 2016 and at least $11 million in 2017.

Victor7

05-03-2016, 04:18 PM

Good news on the signing. Front loaded to give us an option to move on if he starts to mail it in.

Amazing how expensive some positions are. I love Cordy but he's not worth that coin. But hey, that's the going rate for a decent LT these days. And it sure as **** beats the hell out of letting him go and starve at the position yet again.

05-03-2016, 04:27 PM

We can gripe about the money, but I'm just glad it got done. If Glenn hit the open market as a FA I'm sure he would have gotten something similar. There's a shortage of quality OL across the league right now, so teams are willing to pay a premium. Glenn is 26 and hasn't missed a game in the last 3 years. There are definitely worse ways to spend that money and if the Bills tried to sign someone similar in free agency they'd probably have to pay even more. And I like that the bulk of the cap hits happen earlier in the contract. That sets the team up nicely for the future.

DraftBoy

05-03-2016, 04:29 PM

Ty Dunne says its actually $60 million with the potential for $65 million based on incentives.

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And only $26.5 million.

Dunne is disputing Schefter on this.

IlluminatusUIUC

05-03-2016, 04:41 PM

$19 Million in 2016 alone.

? His current cap is 13.7 million, how did we fit another 5+ under the cap?

cookie G

05-03-2016, 04:44 PM

That contract is too rich but the way we draft and evaluate OL talent do we really have any choice but to pay it?

Well, I was close on the guaranteed amount. You can still amortize the signing bonus right? The cap hit for the 1st 2 years might not be as bad as it seems, then.

So, its about $12 million a year. There are now 12 OT's getting at least 9 million.

TBH, I'd rather give the extra 3 million a year to him instead of some dime back or a second team LB who fits the scheme.

If nothing else, at least we didn't let him walk and say.."I really like this kid we just signed as an undrafted free agent, we need to see what he can do"

DraftBoy

05-03-2016, 04:50 PM

? His current cap is 13.7 million, how did we fit another 5+ under the cap?

Thought process is that 14-15 million of that is going to be signing bonus.

Scumbag College

05-03-2016, 04:50 PM

This is a good thing. It's a high draft pick that we've actually hit on at a position that's been a huge problem, other than Glenn and Peters, for the past 15 years. Other than QB, LT is the most important position on offense and thus there were three tackles taken in the top 15 of the draft.

If he hit the open market in 2017, he would have made a similar amount or probably more.

YardRat

05-03-2016, 05:19 PM

If they are splitting the guaranteed money in the form of bonuses the first two or three years, than his cap hit for '16 should kick down to 7 or 8 mil, but will probably be closer to 11 or 12 mil in '17.

psubills62

05-03-2016, 05:39 PM

Either way, glad to get him signed. His versatility (could move him to OG) is a big deal for stabilizing our OL over the next few years, IMO.

streetkings01

05-03-2016, 06:06 PM

It ain't my money........glad we locked him up long term!

YardRat

05-03-2016, 06:16 PM

It ain't my money........

OK, Wrecks.

Night Train

05-03-2016, 06:25 PM

I heard it's 1 mil a year the first 3 years, then 62 Mil the last 2...which we will never pay and ask him to reduce down to 5 Mil a year so we can ink Cardale Jones his 2nd contract.

Let's just wait for the real terms. Glad that he's here, long term.

Mace

05-03-2016, 06:40 PM

I'm fine with it. He's a core player for the next few years, and after this one our cap situation eases as it stands.

jills

05-03-2016, 07:34 PM

Not once named All-Pro, not even Pro Bowler, and yet he gets the 2nd most in history for a LT?

Overpaying for non-elite talent is a great strategy for stupid whaley

MikeInRoch

05-03-2016, 07:49 PM

You seem to be under some delusion that making the Pro Bowl is indicative of how good a player one is.

Fixxxer

05-03-2016, 09:46 PM

One less thing to worry about for the next 4 or 5 years, at least.

Buffalogic

05-04-2016, 06:25 AM

It seems high but when you think about his ability and then factor in his youth and durability it's about right. Bills doing a great job on their own FA's this year.

Pinkerton Security

05-04-2016, 06:43 AM

Not once named All-Pro, not even Pro Bowler, and yet he gets the 2nd most in history for a LT?

Overpaying for non-elite talent is a great strategy for stupid whaley

Please propose your alternate strategy - maybe do one of the things you made fun of Marv Levy for in your dumb (and terribly outdated) avatar? Maybe sign another overpriced average free agent, or just let Cordy walk?

While its a lot of money, he is one of the best young linemen in the league, and we LT is arguably one of the most important positions in football. I dont see how we could let him walk, so this is what it takes. Lets be happy "cheap" Ralph (RIP Ralph!) isnt in charge anymore to let him walk away.

MikeInRoch

05-04-2016, 07:03 AM

Oh yeah, I almost forgot...

Pegula is cheap!

Ginger Vitis

05-04-2016, 07:28 AM

Bringing up the probowl lol Glenn is right at or just outside of being a Top 10 tackle in the NFL.. Terron Armstead is close to being a Top 5 LT in the NFL and the Saints gave him a $ 1 million less guaranteed money than what Glenn got.... And what is the point of comparing Glenns deal to elite tackles who signed for extensions one or 2 years ago.. By 2018 26 year old LTs who are bordering on the Top 10 LT level with get $35 million guaranteed

http://profootballtalk.nbcsports.com/2016/05/04/report-terron-armstead-gets-25-million-fully-guaranteed/

ghz in pittsburgh

05-04-2016, 08:15 AM

Too rich for me, but what can you do? It's not like that the Bills have a stud Tackle coming up any time soon.

On the Gilmore front, it could be more interesting just for the fact we have Darby who arguably did better than Gilmore's rookie year. If Darby continues the development path, in about 2 to 3 years, he'll be asking big money too.

Victor7

05-04-2016, 09:23 AM

Well, I was close on the guaranteed amount. You can still amortize the signing bonus right? The cap hit for the 1st 2 years might not be as bad as it seems, then.

So, its about $12 million a year. There are now 12 OT's getting at least 9 million.

TBH, I'd rather give the extra 3 million a year to him instead of some dime back or a second team LB who fits the scheme.

If nothing else, at least we didn't let him walk and say.."I really like this kid we just signed as an undrafted free agent, we need to see what he can do"

Ralph C Wilson Jr does not like your post.

gebobs

05-04-2016, 12:39 PM

The name of the game on OL is continuity and this signing gives us this at least.

ghz in pittsburgh

05-04-2016, 06:04 PM

One thing to not forget is timing. If you talk to agents, they will tell you that this kind of timing means the Bills likely had a OL tackle high on their list. Let's say Tunsil fell 5 more spots to 19, Glenn might not see this extension.

jills

05-04-2016, 10:24 PM

You seem to be under some delusion that making the Pro Bowl is indicative of how good a player one is.

You seem to be under some delusion he's some kind of elite talent. They Pro Bowl is a joke and yet he hasn't been named, heck, Taylor was the 234234234 alternate and we have people on this board getting all wet over that.

Can you tell me how many times he has been named All-Pro? You know, the one reserved for truly elite talent, only those guys deserve big contracts. I'll wait for your answer...

Ginger Vitis

05-05-2016, 05:03 AM

Can you tell me how many times he has been named All-Pro? You know, the one reserved for truly elite talent, only those guys deserve big contracts. I'll wait for your answer...

You have no clue how economics work in the NFL in 2016...

Joe Fo Sho

05-05-2016, 06:00 AM

Can you tell me how many times he has been named All-Pro? You know, the one reserved for truly elite talent, only those guys deserve big contracts. I'll wait for your answer...

So this proves that he's not in the top 2 at his position. I don't think there's a single person here that's willing to argue that he is.

If we let Glenn walk, and he were to sign a deal like this with another team, this place would be in uproar that we let another left tackle get away from us.

Dr. Lecter

05-05-2016, 06:14 AM

You seem to be under some delusion he's some kind of elite talent. They Pro Bowl is a joke and yet he hasn't been named, heck, Taylor was the 234234234 alternate and we have people on this board getting all wet over that.

Can you tell me how many times he has been named All-Pro? You know, the one reserved for truly elite talent, only those guys deserve big contracts. I'll wait for your answer...

I don't recall ever seeing Mike use the Pro Bowl to boost Taylor, so that argument is empty.

casdhf

05-05-2016, 06:15 AM

The guy from the saints just signed the same deal. I think Cordy is better.

DraftBoy

05-05-2016, 07:42 AM

The guy from the saints just signed the same deal. I think Cordy is better.

I'd take Armstead in all honesty. Younger and better athlete.

Joe Fo Sho

05-05-2016, 08:06 AM

I'd take Armstead in all honesty. Younger and better athlete.

I haven't watched any Saints games lately, but from what I hear Armstead is a stud. I haven't heard anyone talk about Glenn the way people talk about Armstead. I was actually a little disappointed when I saw that we paid them the same amount, but that's the breaks.

IlluminatusUIUC

05-05-2016, 08:38 AM

I'd take Armstead in all honesty. Younger and better athlete.

He's also had only one OC, Glenn has had three. I'd like to see what Glenn (and everyone else, really) could do with some consistency.

Arm of Harm

05-05-2016, 09:48 AM

I agree with those who are saying we overpaid for him. On the other hand, if you're going to overpay for someone, it's best to overpay for your core players. Glenn is a core player. Better to give him maybe a little bigger contract than he deserves, than to let him walk.

DraftBoy

05-05-2016, 11:16 AM

He's also had only one OC, Glenn has had three. I'd like to see what Glenn (and everyone else, really) could do with some consistency.
Very good point.

swiper

05-05-2016, 11:22 AM

He's also had only one OC, Glenn has had three. I'd like to see what Glenn (and everyone else, really) could do with some consistency.

Can't see Glenn, or any of them, not improving with consistency at the OC.

I hope they've thrown away Kromer's beach chairs as well.

MikeInRoch

05-05-2016, 07:19 PM

You seem to be under some delusion he's some kind of elite talent.

You seem to be under some delusion that I actually said that.

mdcas22

05-05-2016, 07:52 PM

Glenn might not be the 2nd best LT in the league but he is the best option the Bills have, he still is young and the contract seems high but it truly isn't. for once the Bills are trying to keep they're core players.

Victor7

05-06-2016, 09:17 AM

Did we overpay ?? Yeah we did. That's just how it works in the NFL these days. Next year we will probably over pay for Gilmore as well. The current free agents get the biggest deals whether they are the best at their positions or not. I bet if we listed the top 3 paid players per position they wouldn't be the top 3 players at it. Its just how it works.

Better to overpay for your own home grown talent than to let him walk and create a massive hole.

Ginger Vitis

05-06-2016, 12:09 PM

Has OPIV read this thread Lol he thought it was impossible that the Bills and Glenn would agree to a extension before training camp

Arm of Harm

05-06-2016, 07:10 PM

Just to add to what I've written earlier: if you're going to overpay a player, you'd better make sure he's the best, most valuable player on his unit. If (for example) you overpay your third best defensive lineman, then your best and second-best defensive linemen are going to want raises, too. If your fourth-best defensive lineman isn't that far behind #3, then he might also want a raise.

The nice thing about Glenn is that he's by far the most valuable offensive lineman. I don't see how anyone else on the offensive line can possibly use his contract as an example. This is far more likely an example of overpaying one guy only, than a situation where overpaying one guy forces you to overpay several.

05-07-2016, 08:58 AM

Some more details about Glenn's deal. They saved $7.5 mil in cap space this season.

From Mike Rodak:
"The Bills have gained about $7.5 million in 2016 cap room by signing LT Cordy Glenn to a five-year deal. Buffalo now has $14.207 million in cap room, per NFLPA records."

"As part of his five-year extension with the Bills signed this week, LT Cordy Glenn received a $16 million signing bonus. His base salaries: $3 million (2016), $9 million (2017), $9.25 million (2018), $7.25 million (2019), $7.5 million (2020). He is also due roster bonuses of $2 million annually from 2017 through 2020."

YardRat

05-07-2016, 10:06 AM

So his cap hit for '16 is $6.2 mil, which is about $800k-$1.8mil less than I expected. Cool. Next year, however, that jumps to $12.7mil ($9mil salary, $3.2mil prorated from signing bonus, $500k prorated from roster bonus).

IlluminatusUIUC

05-07-2016, 10:21 AM

YardRat

05-07-2016, 05:35 PM

If I read that right, he gets a $2 mil roster bonus each year, so 2017 would be 14.2 mil.

I'm assuming that the roster bonuses are guaranteed considering the reports of total guaranteed money, which would qualify the reporting bonuses to be treated as a 'signing bonus' and prorated for the rest of the life of the contract.

Page 94 of the CBA (page 109 of the pdf)...

https://nfllabor.files.wordpress.com/2010/01/collective-bargaining-agreement-2011-2020.pdf

IlluminatusUIUC

05-07-2016, 06:17 PM

I'm assuming that the roster bonuses are guaranteed considering the reports of total guaranteed money, which would qualify the reporting bonuses to be treated as a 'signing bonus' and prorated for the rest of the life of the contract.

Page 94 of the CBA (page 109 of the pdf)...

https://nfllabor.files.wordpress.com/2010/01/collective-bargaining-agreement-2011-2020.pdf

He supposedly gets $2 million per year for five years. It's already spread out, there's nothing to pro-rate.

FWIW, Rodak at ESPN says it's 14.2 next year( (http://espn.go.com/blog/buffalo-bills/post/_/id/24625/bills-clear-7-5-million-in-2016-cap-space-by-extending-cordy-glenn)

YardRat

05-07-2016, 06:32 PM

He supposedly gets $2 million per year for five years. It's already spread out, there's nothing to pro-rate.

FWIW, Rodak at ESPN says it's 14.2 next year( (http://espn.go.com/blog/buffalo-bills/post/_/id/24625/bills-clear-7-5-million-in-2016-cap-space-by-extending-cordy-glenn)

Did you read the CBA? IMO the roster bonuses being 'spread out' is just the structure of the deal. The signing bonus gets prorated over the five years. The roster bonus in Year 2, because it's guaranteed and treated like a signing bonus, gets prorated over the four years remaining...the roster bonus in Year three gets prorated over the last three years, etc.

The only way the above is incorrect is if the roster bonuses are not guaranteed, which is unlikely.

Teams have been using roster bonuses to circumvent putting too much guaranteed up front and helping spread out the cap hits with a different form of guarantee for years.

YardRat

05-07-2016, 06:38 PM

FWIW, Rodak's numbers regarding the reported money guaranteed and what he has designated as guaranteed in the year-by-year breakdown don't match up.

IlluminatusUIUC

05-07-2016, 10:02 PM

Did you read the CBA? IMO the roster bonuses being 'spread out' is just the structure of the deal. The signing bonus gets prorated over the five years. The roster bonus in Year 2, because it's guaranteed and treated like a signing bonus, gets prorated over the four years remaining...the roster bonus in Year three gets prorated over the last three years, etc.

The only way the above is incorrect is if the roster bonuses are not guaranteed, which is unlikely.

Teams have been using roster bonuses to circumvent putting too much guaranteed up front and helping spread out the cap hits with a different form of guarantee for years.

FWIW, Rodak's numbers regarding the reported money guaranteed and what he has designated as guaranteed in the year-by-year breakdown don't match up.

That seems to be the case, though. Rodak appears to have mistakenly not labeled Glenn's 2016 salary as guaranteed. If it is (which makes sense, because why would 2017 be but not 2016), then it lines up. $3 million in 2016 + $9 Million in 2017 + $8 million of 2018 + $16 million signing bonus gives you the $36 million guaranteed figure that's been thrown around. It would seem the roster bonuses only guarantee in each consecutive year.

YardRat

05-07-2016, 10:15 PM

That seems to be the case, though. Rodak appears to have mistakenly not labeled Glenn's 2016 salary as guaranteed. If it is (which makes sense, because why would 2017 be but not 2016), then it lines up. $3 million in 2016 + $9 Million in 2017 + $8 million of 2018 + $16 million signing bonus gives you the $36 million guaranteed figure that's been thrown around. It would seem the roster bonuses only guarantee in each consecutive year.

Yes, that does make sense.

If they are guaranteed, than they are treated (cap-wise) the same as signing bonuses, and prorated.

05-07-2016, 10:40 PM

stuckincincy

05-07-2016, 10:47 PM

That's a lot of money for an LT that does duty in a run-run offense.

YardRat

05-08-2016, 02:28 AM

I didn't think roster bonuses were guaranteed. I thought the point of a roster bonus is that you only get it if you're still on the roster when it's due. I think Glenn's guaranteed money includes base salaries that are guaranteed.

I don't think that's any different than 'guaranteed' salary figures, and it depends on the specific language in the contract. According to Rodak's contract terms, $8mil of Glenn's '18 salary is 'guaranteed' but if he goes to hell over the next two years and the team cuts him prior to the beginning of the '18 league year he isn't getting that money. Mario Williams had at least one year writen up so that the roster bonus was 'guaranteed' (if injured.

If Glenn's specific language doesn't guarantee roster bonuses, Ilumy is correct and the cap hit would be $14.2 mil for next season.

05-08-2016, 01:12 PM

I don't think that's any different than 'guaranteed' salary figures, and it depends on the specific language in the contract. According to Rodak's contract terms, $8mil of Glenn's '18 salary is 'guaranteed' but if he goes to hell over the next two years and the team cuts him prior to the beginning of the '18 league year he isn't getting that money. Mario Williams had at least one year writen up so that the roster bonus was 'guaranteed' (if injured.

If Glenn's specific language doesn't guarantee roster bonuses, Ilumy is correct and the cap hit would be $14.2 mil for next season.
I just looked at overthecap.com and it has a breakdown of each year. It looks like he has a $16 mil signing bonus that's prorated evenly at $3.2 mil per season. All of his $3 mil base salary in 2016 is guaranteed and $7.5 mil of his $9 mil base salary in 2017 is guaranteed. I'm not seeing any guaranteed base salary for 2018 or beyond. So between his signing bonus and base salaries he has at least $26.5 mil in guaranteed money. He then gets a $2 mil roster bonus each year for four years starting next season in 2017.

http://overthecap.com/salary-cap/buffalo-bills/

05-08-2016, 01:17 PM

Spotrac.com is saying that his entire 2017 salary of $9 mil is guaranteed and $8 mil of his 2018 salary is guaranteed, which is how they come up with the $36 mil in guarantees. So I think Illuminatus is correct that the roster bonuses aren't included in the guaranteed money.

http://www.spotrac.com/nfl/buffalo-bills/cordy-glenn/

YardRat

05-08-2016, 01:23 PM

I just looked at overthecap.com and it has a breakdown of each year. It looks like he has a $16 mil signing bonus that's prorated evenly at $3.2 mil per season. All of his $3 mil base salary in 2016 is guaranteed and $7.5 mil of his $9 mil base salary in 2017 is guaranteed. I'm not seeing any guaranteed base salary for 2018 or beyond. So between his signing bonus and base salaries he has at least $26.5 mil in guaranteed money. He then gets a $2 mil roster bonus each year for four years starting next season in 2017.

http://overthecap.com/salary-cap/buffalo-bills/

Ilumy's link to Rodak had the number for guaranteed salary for '18. The overthecap numbers is closer to what I arrived at by getting to ~$36mil guaranteed (26.5 plus the total $10mil in roster bonuses), although I see they have Glenn's cap hit in '17 as 14.2mil also.

YardRat

05-08-2016, 01:25 PM