Update: 2004 rookie cap allocation

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  • clumping platelets
    • Jun 2024

    Update: 2004 rookie cap allocation

    Well, finally I have rec'd contract details for Evans and Losman. I wanna thank AdamJT13 from KFFL for his help.

    -Losman got a five-year deal (check NFLPA.org for his base salaries).
    He got an $848,000 roster bonus on Aug. 10 and no signing bonus. He has a
    $4.17 million option bonus due next year and a $568,500 option bonus due in
    2006. He has escalators that could raise his base salaries to $2.5 million
    in 2005, $3.75 million in 2006 and $5 million in 2007. He has an NLTBE
    incentive that will pay him $125,000 per playoff win, up to a maximum of $1
    million over the life of the contract. (I don't know if has has to start or
    play in those games to earn the incentive.) He also has NLTBE incentives of
    $1.025 million this season and $900,000 in each of the other seasons for
    such things as statistics, making the Pro Bowl and other "honors." I don't
    have the specifics on those.

    -Evans' six-year deal (with the sixth year voidable) includes a signing
    bonus of $2.25 million, an Aug. 10 roster bonus of $695,000 and a $4.225
    million option bonus due in 2005. He has a $300,000 NLTBE bonus that he can
    earn in any season of his contract -- but only one time -- that is based on
    achieving a minimum playing time and an unspecified "qualifier." He also has
    NLTBE incentives for statistics, Pro Bowls and other "honors" -- $950,000
    this season and $650,000 in each of the other seasons


    Now the 2004 breakdown follows:

    Evans: Salary($230,000), Amortized bonus($375,000), Roster bonus($695,000) Cap Hit: $1.3 million

    Losman: Salary($230,000) plus roster bonus($848,000) Cap Hit: $1.078 million

    Anderson: Salary($230,000) plus amortized bonus($177,333) Cap Hit: $407,333

    Euhus: Salary($230,000) plus amortized bonus($337,167) Cap Hit:$337,167

    McFarland: Salary($230,000) plus amortized bonus($14,150) Cap Hit: $244,150

    J. Smith: Salary($230,000) plus amortized bonus($12,917) Cap Hit: $242,917

    Add the cap hits: $3,609,567

    Per Len P of ESPN: Bills rookie cap was $3,640,573

    The Chargers, who swapped quarterbacks with the Giants, have the most rookie money available this year.



    That leaves only $31,006. It was reported that the Bills had only about $1,000 remaining once Evans and Losman were signed, thus approx. $30,000 of cap space was used on the rookie FAs like Baker, Ritzmann, among others...if the $1,000 figure is correct.

    Cap page update coming soon
  • Ebenezer
    Give me a minute...
    • Jul 2002
    • 73868

    #2
    Originally posted by clumping platelets
    Well, finally I have rec'd contract details for Evans and Losman. I wanna thank AdamJT13 from KFFL for his help.

    -Losman got a five-year deal (check NFLPA.org for his base salaries).
    He got an $848,000 roster bonus on Aug. 10 and no signing bonus. He has a
    $4.17 million option bonus due next year and a $568,500 option bonus due in
    2006. He has escalators that could raise his base salaries to $2.5 million
    in 2005, $3.75 million in 2006 and $5 million in 2007. He has an NLTBE
    incentive that will pay him $125,000 per playoff win, up to a maximum of $1
    million over the life of the contract. (I don't know if has has to start or
    play in those games to earn the incentive.) He also has NLTBE incentives of
    $1.025 million this season and $900,000 in each of the other seasons for
    such things as statistics, making the Pro Bowl and other "honors." I don't
    have the specifics on those.

    -Evans' six-year deal (with the sixth year voidable) includes a signing
    bonus of $2.25 million, an Aug. 10 roster bonus of $695,000 and a $4.225
    million option bonus due in 2005. He has a $300,000 NLTBE bonus that he can
    earn in any season of his contract -- but only one time -- that is based on
    achieving a minimum playing time and an unspecified "qualifier." He also has
    NLTBE incentives for statistics, Pro Bowls and other "honors" -- $950,000
    this season and $650,000 in each of the other seasons


    Now the 2004 breakdown follows:

    Evans: Salary($230,000), Amortized bonus($375,000), Roster bonus($695,000) Cap Hit: $1.3 million

    Losman: Salary($230,000) plus roster bonus($848,000) Cap Hit: $1.078 million

    Anderson: Salary($230,000) plus amortized bonus($177,333) Cap Hit: $407,333

    Euhus: Salary($230,000) plus amortized bonus($337,167) Cap Hit:$337,167

    McFarland: Salary($230,000) plus amortized bonus($14,150) Cap Hit: $244,150

    J. Smith: Salary($230,000) plus amortized bonus($12,917) Cap Hit: $242,917

    Add the cap hits: $3,609,567

    Per Len P of ESPN: Bills rookie cap was $3,640,573

    The Chargers, who swapped quarterbacks with the Giants, have the most rookie money available this year.



    That leaves only $31,006. It was reported that the Bills had only about $1,000 remaining once Evans and Losman were signed, thus approx. $30,000 of cap space was used on the rookie FAs like Baker, Ritzmann, among others...if the $1,000 figure is correct.

    Cap page update coming soon
    rookie FAs are placed under the rookie cap??




    For all the education and practice each of us undergoes, the achievment of mastery is ultimately the outcome of a personal quest for understanding.

    Comment

    • Ebenezer
      Give me a minute...
      • Jul 2002
      • 73868

      #3
      Originally posted by clumping platelets
      -Losman got a five-year deal (check NFLPA.org for his base salaries).
      He has a $4.17 million option bonus due next year and a $568,500 option bonus due in 2006.
      -Evans' six-year deal (with the sixth year voidable) includes a signing
      bonus of $2.25 million, an Aug. 10 roster bonus of $695,000 and a $4.225
      million option bonus due in 2005.

      Can those roster bonuses be amoratized?




      For all the education and practice each of us undergoes, the achievment of mastery is ultimately the outcome of a personal quest for understanding.

      Comment

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