Eric Wood Restructured

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  • Yasgur's Farm
    Moderator
    • Feb 2005
    • 7091

    Eric Wood Restructured

    Looks like
    •2016 Restructure: $3.775M / 3 years
    •2018 Voidable

    Best I can figure...
    2016 cap goes from ~$5.93M to $4.21M
    2017 cap goes from ~$5.93M to $7.58M
    2018 cap is $1.26M (or zero dead money)
    Eric Wood contract and salary cap details, full contract breakdowns, salaries, signing bonus, roster bonus, dead money, and valuations.

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  • k-oneputt
    Registered User
    • Jun 2009
    • 7131

    #2
    Re: Eric Woods Restructured

    Making room for Gilmore

    Comment

    • Yasgur's Farm
      Moderator
      • Feb 2005
      • 7091

      #3
      Re: Eric Woods Restructured

      I'm sure it is... But it only gains us for 2016

      Comment

      • Night Train
        Retired - On Several Levels
        • Jul 2005
        • 33117

        #4
        Re: Eric Woods Restructured

        Originally posted by k-oneputt View Post
        Making room for Gilmore
        MMD thinks it's for Fitz
        Anonymity is an abused privilege, abused most by people who mistake vitriol for wisdom and cynicism for wit

        Comment

        • Yasgur's Farm
          Moderator
          • Feb 2005
          • 7091

          #5
          Re: Eric Woods Restructured

          Comment

          • Ed
            Dude
            • Sep 2002
            • 9247

            #6
            Re: Eric Woods Restructured

            Originally posted by Yasgur's Farm View Post
            I'm sure it is... But it only gains us for 2016
            Mike Rodak
            ESPN Staff Writer

            "After restructuring Eric Wood's contract, the Bills now have $12.935 million in 2016 cap room. Whatever they don't use to fill roster spots this season can be carried over into 2017."

            Comment

            • jimmifli
              Registered User
              • Nov 2006
              • 7827

              #7
              Re: Eric Wood Restructured

              Originally posted by Yasgur's Farm View Post
              Looks like
              •2016 Restructure: $3.775M / 3 years
              •2018 Voidable

              Best I can figure...
              2016 cap goes from ~$5.93M to $4.21M
              2017 cap goes from ~$5.93M to $7.58M
              2018 cap is $1.26M (or zero dead money)
              Eric Wood contract and salary cap details, full contract breakdowns, salaries, signing bonus, roster bonus, dead money, and valuations.

              http://www.rotoworld.com/player/nfl/5305/eric-wood
              So if we roll over this year's unspent cap, it's essentially an extra year at $1.26?

              Comment

              • Swiper
                Legendary Zoner
                • Sep 2010
                • 33105

                #8
                Re: Eric Woods Restructured

                Originally posted by Night Train View Post
                MMD thinks it's for Fitz
                ROFL.

                Comment

                • Yasgur's Farm
                  Moderator
                  • Feb 2005
                  • 7091

                  #9
                  Re: Eric Wood Restructured

                  Originally posted by jimmifli View Post
                  So if we roll over this year's unspent cap, it's essentially an extra year at $1.26?
                  I think so... But the details are tough to decipher at this point.
                  Last edited by Yasgur's Farm; 09-09-2016, 12:22 PM.

                  Comment

                  • Yasgur's Farm
                    Moderator
                    • Feb 2005
                    • 7091

                    #10
                    Re: Eric Woods Restructured

                    Originally posted by Ed View Post
                    Mike Rodak
                    ESPN Staff Writer

                    "After restructuring Eric Wood's contract, the Bills now have $12.935 million in 2016 cap room. Whatever they don't use to fill roster spots this season can be carried over into 2017."
                    I don't think rollover is the motivator here... If we roll over, there's no cap advantage for 2016 or 2017. The fact that they're making room for 2016 cap is telling IMO.

                    Comment

                    • Ed
                      Dude
                      • Sep 2002
                      • 9247

                      #11
                      Re: Eric Woods Restructured

                      Originally posted by Yasgur's Farm View Post
                      I don't think rollover is the motivator here... If we roll over, there's no cap advantage for 2016 or 2017. The fact that they're making room for 2016 cap is telling IMO.
                      I would agree. It looks like if they don't use that savings in 2016 and roll it over to 2017, then the restructure doesn't really mean anything. Although I don't really understand the cap implications of adding the voidable year in 2018.

                      I'm hoping this has something to do with an extension for Gilmore that allows them to front load more bonus money in 2016 and lower his cap hits for any subsequent years. I didn't realize they already had about $10 mil in cap space for 2016. That's a lot more then they need for typical in-season moves, so to create more cap room for 2016 is interesting.

                      Comment

                      • Yasgur's Farm
                        Moderator
                        • Feb 2005
                        • 7091

                        #12
                        Re: Eric Wood Restructured

                        More contract details...
                        Bills C Eric Wood has agreed to reduce his base salary from $4.775 million to $1 million.
                        $3.775 million of his base salary for 2016 will be converted into a signing bonus. The contract restructure clears about $2.5 million in cap space. The Bills also added a voidable year to Wood's contract. Wood received PFF's fifth-highest grade out of 40 qualifiers at center last season.

                        Comment

                        • Night Train
                          Retired - On Several Levels
                          • Jul 2005
                          • 33117

                          #13
                          Re: Eric Wood Restructured

                          Maybe for Gilmore but no CB is worth 15 Mil or more. No way in hell.
                          Anonymity is an abused privilege, abused most by people who mistake vitriol for wisdom and cynicism for wit

                          Comment

                          • Mahdi
                            Registered User
                            • Mar 2004
                            • 10585

                            #14
                            Re: Eric Wood Restructured

                            Originally posted by Night Train View Post
                            Maybe for Gilmore but no CB is worth 15 Mil or more. No way in hell.
                            QB, CB, LT, Pass Rusher

                            Pass and stop the pass

                            Comment

                            • Mace
                              Haha...yeah you think so ?
                              • Mar 2013
                              • 20315

                              #15
                              Re: Eric Wood Restructured

                              It's fine imho, and very prudent, imho. Woods needs to be here. It's a common action established teams will take to maintain the core of successful teams a while longer.

                              Probably the only thing that throws me off is that the Bills are an 8-8 team doing 12-4 contender contortions with their cap already and they aren't even a playoff team trying to sustain a run.
                              Last edited by Mace; 09-09-2016, 10:29 PM.

                              Comment

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