Someone raised this on another board - Drew's Contract

[LtBillsFan66]

Drew extended his contract, no? What are the cap implications of cutting him now (meaning after the season) vs. what they would be if we hadn't extended him?

[Tatonka]

trade him to dallas for a condom.. used or unused.. i really dont care.

[LtBillsFan66]

lol

Come on! Were are our cap experts?

[Tatonka]

i could be wrong.. but i was under the impression that because there is no signing bonus.. he can cut him without much damage at all.. if any.

[LtBillsFan66]

i could be wrong.. but i was under the impression that because there is no signing bonus.. he can cut him without much damage at all.. if any.
Maybe we can trade him to Miami. :snicker:

[clumping platelets]

:huh:

[LtBillsFan66]

:huh:
:mad:

[clumping platelets]

:mad:


:lolpoint:


If I told ya, I would hafta kill ya :snicker:

[LtBillsFan66]

:lolpoint:


If I told ya, I would hafta kill ya :snicker:
Aw come on man. I though we was friends. :(

[DaBillzAhDaShiznit]

yeah come on guys.....HenryRules is a self proclaimed cap expert.....let's hear the low down on what it is going to cost us when we cut Bledsoe.

[justasportsfan]

Maybe we can trade him to Miami. :snicker:our db's would love that. Clements , Milloy , Mcgee would mkae it to probowl thanks to Drew throwing int's. Come to think of it, our pass rush would look so much better too.

[clumping platelets]

Drew isn't going any where until after the season, thus I will only talk about 2005 & 2006. Actaully, I've started to believe that 2004 will be his last season as a Buffalo Bill. Sad it hasn't worked out here because, regardless of
performance, Drew has absolutely been a stand-up guy. He will get another chance elsewhere because the NFL is devoid of talent at QB and some team will sign him as a veteran back-up.

He has 2 yrs remaining on the re-worked contract he signed shortlyn after the 2004 draft. He rec'd a $6.5 million signing bonus which is amortized at $2,166,667 per season. After 2004, he will have $4,333,334 of remaining bonus amortization. His salaries are: $3.3 million(2005) and $4.35 million(2005). He has a roster bonus of $1 million in 2005 and $1.75 million in bonuses in 2006. His cap numbers are $6,516,666 in 2005 and $8,316,666 in 2006

The scenarios are as follows:

If released prior to June 1st, 2005 OR traded during 2005 League Year: All remaining bonus amortization accelerates into 2005 cap. Bills save his salary and roster bonus (if not paid). Cap savings equals cap hit - bonus amortization. $6,516,666 - $4,333,334 = $2,183,332 The $4,333,334 would represent "dead cap" or "dead money" on the 2005 cap. However, Drew would no longer count on 2006 cap and the Bills would save that $8+ million on 2006. Note: when a player is traded, at any time, ALL remaining bonus amortization accelerates into League Year of trade

If released after June 1st, 2005: Bonus amortization is split between 2005 & 2006. The numbers are equal because only 2 yrs remain. (NOTE: If a player has 3+ yrs remaining and is released after June 1st, 1 season amortization applies to League Year of release and ALL of the remaining amortization applies in the following year cap. This is not applicable to Drew's situation, but just to allow people to understand how remaining amortization applies to cap). Drew's "dead cap" in both 2005 & 2006 would be $2,166,666. If $1 million roster bonus is paid, then that would be added to 2005 "dead cap". As long as roster bonus is NOT paid, then it will not be counted as "dead cap" if released. Bills will save the roster bonus and salary in 2005 and cap savings is $4.3 million. Bills save $6.1 million on 2006 cap but, as mentioned, would have $2,166,666 "dead cap" on 2006

If he no longer fits in plans, better to part ways before 2005 League Year starts in March 2005

:ontome:

[LtBillsFan66]

Interesting.

Are you still going to murder me? :(

[Earthquake Enyart]

Well, we have a choice, right? $4 mil hit all in 05 or about $2 mil each in 05 and 06 if he is a June 1 cut.

[clumping platelets]

Interesting.

Are you still going to murder me? :(


No, you've been given a stay of execution as long as you vote for Kerry :D

[clumping platelets]

I answer the question and no replies :sadwalk:

[TigerJ]

Yeah, what Clumpy says. Actually, I do understand it. Cut or trade Drew before June first and take all the cap pain in 2005. Cut or trade him after June 1 (realistically it could only be a cut) and the pain is spread equally over two years, 2005 and 2006.

If Drew is gone after the 2004 season, it is a given that Losman starts in 2005. Losman is already under contract. He'll get paid the same whether he starts or not, barring incentive clauses I know nothing about. If Losman starts, then the two QBs behind him will be at much lower salaries than Drews would command. Therefore, while there is certainly a cap hit for cutting Drew, in terms of dead cap money, the team actually saves money over having Drew remain on the roster.

[Ebenezer]

I answer the question and no replies :sadwalk:
answer in less than 25 words...you even had me confused for a minute.

[clumping platelets]

answer in less than 25 words...you even had me confused for a minute.


The salary cap is not simple :mad:

[Ebenezer]

The salary cap is not simple :mad:
How about this:

If cut before 6/1:
dead cap = $4,333,334
savings = $2.18 M

if cut after 6/1:
dead cap 2005 and 2006 = 3,166,666 and 2,166,666 respectively
savings 2005 = $4.3 M
savings 2006 = $6.1 M

[DaBills]

What Ebe said!


:clap:

[clumping platelets]

How about this:

If cut before 6/1:
dead cap = $4,333,334
savings = $2.18 M

if cut after 6/1:
dead cap 2005 and 2006 = 3,166,666 and 2,166,666 respectively
savings 2005 = $4.3 M
savings 2006 = $6.1 M


If I did that, then undoubtedly, someone would come in and ask HOW I get those numbers :shakeno:

[colin]

so we eat a total of 1m more dead cap if we cut him late, but get to spread over 2 years.

contracts are easy enough to structure to get an additional 1M-2m shifted forward, i say we cut him early.

we really did pay too high of a bonus, how do they expect drew to perform at a high level without a line upgrade? we had a downgrade for crying out loud.

sad

[juice]

so we eat a total of 1m more dead cap if we cut him late, but get to spread over 2 years.

contracts are easy enough to structure to get an additional 1M-2m shifted forward, i say we cut him early.

we really did pay too high of a bonus, how do they expect drew to perform at a high level without a line upgrade? we had a downgrade for crying out loud.

sad
A Substantual Downgrade Not only cant these Bums Pass Block but they can't open a Running Lane to save their Lives.

[Mr. Cynical]

If we cut him by 6/1, what will we have spent on Drew since he arrived here?

I bet it comes out in the same range as the top 10 paid QBs in the league. Yeah, that was worth it. :cynic:

[mybills]

cut him before 6/1
I can handle the loss! :up:

[Ickybaluky]

If we cut him by 6/1, what will we have spent on Drew since he arrived here?

I bet it comes out in the same range as the top 10 paid QBs in the league. Yeah, that was worth it. :cynic:

They have to cut him by 3/1 to avoid paying the $1M roster bonus, which they will undoubtedly do if they plan on releasing him.

If Bledsoe is cut by 3/1, then the Billls will have paid him a little over $19M over three season, or an average of about $6.3M per season.

Don't feel bad though, over his 9-year career with the Patriots they paid him almost $52M.

[Hemlepp53]

A Substantual Downgrade Not only cant these Bums Pass Block but they can't open a Running Lane to save their Lives.

:clap: Agreed 100%.. This has driven me insane for the longest... If we spend that much money on a QB and invest as much as we have in Offensive WEapons.. Why didnt we grab a somewhat decent O-Line!!! WTF was TD thinking.. You can have a GREAT QB (average 300 yds a game), 1 WR (100 + Catches a year), & 1 RB (average 110 + Yard Games) and a (PG) PURE GARBAGE OFFENSIVE LINE and have a SH** season... But have the Kick Ass Pass & Run Blockers and a Semi decent QB, Average RB (1200/1300 Yards per Season), & Above Average Receivers and you are Playoff/Supre Bowl Bound.... Why did'nt TD see this which should cost him a job... or did he and have other plans... and if so what the hell were they??? I'm a firm beleiver in a Strong Offense Starts With Its Protection

[TigerJ]

I agree, Hemlemp. I think it's pretty well set in stone now, Drew is as good as gone. I won't disagree with his release when it actually happens (in the offseason) because the line won't get better fast enough to make a difference next season. But Tom Dohanoe's greatest mistake as GM may have been bringing in Drew and expecting production with a crap offensive line.

[Ebenezer]

If I did that, then undoubtedly, someone would come in and ask HOW I get those numbers :shakeno:
then you can give them a more detailed explanation...

[Mr. Cynical]

They have to cut him by 3/1 to avoid paying the $1M roster bonus, which they will undoubtedly do if they plan on releasing him.

If Bledsoe is cut by 3/1, then the Billls will have paid him a little over $19M over three season, or an average of about $6.3M per season.

Don't feel bad though, over his 9-year career with the Patriots they paid him almost $52M.
Thanks. So at $6.3M avg per year, who else fits into that category over the last 3 years? Favre, Manning, McNabb......yep, that makes sense. :doh:

[Ebenezer]

Thanks. So at $6.3M avg per year, who else fits into that category over the last 3 years? Favre, Manning, McNabb......yep, that makes sense. :doh:
until this season we accepted the contract that NE wrote for him...yes, we paid the money, in 2002 he was worth it...2003 and 2004 not...I blame the Bills for this year and the future tab....and half of last years.