Mike Williams Contract Breakdown!!!!!!

[clumping platelets]

http://espn.go.com/nfl/afc/draftsignings2002.html

According to ESPN.com and my own interpretations:

Total value (minus escalators is $16,831,250 and is for 6 yrs. Signing bonus is $7.500,000 and that isd amortized at $1.25 million/season)

Cap number for 2002: $2.175 million

Mike Williams' deal has salaries of $925,000 (2003), $1,156,000 (2004), $1,388,000 (2005), $1,618,800 (2006), $1,250,000 (2007), and $1,168,750 (2007).

The contract also has option/buyout of $3 million (payable prior to 2003 season) for 2006 and $1.25 million (do not know when it's due) for 2007. If the $3 million option is exercised (before 2003 season), the salaries for 2003-2005 change to $556,250, $475,000, and $706,250 respectively. These option/buyout monies most likely are not amortizable, thus his cap numbers for future years are as follows (assuming exercising and non-amortizability of the option payments):


2003: salary $556,250, amortized bonus $1,250,000, and option pymt $3 million = $4,806,250

2004: salary $475,000 and amortized bonus $1,250,000 = $1,725,000

2005: salary $706,250 and amortized bonus $1,250,000 = $1,956,250

2006: salary $1,250,000 and amortized bonus $1,250,000 = $2.5 million

2007: salary $1,168,250, amortized bonus $1,250,000, and option pymt $1,250,000 = $3,668,250

It is highly likely that this deal will change if Mike Williams meets the expectations of being the #4 overall draft choice!

[Ebenezer]

great work clump! any clue on the escalators??

[clumping platelets]

:bravo:

[BillsNYC]

i love donahoe!

[clumping platelets]

what about your resident capologists'? ;)

[HenryRules]

Thanks for the info. Looks like if they keep MW on this contract for a few years and he ends up being a decent LT, he could really give the Bills some great value per cap hit in 2004-2006.

[JefftheBillsfan]

Sounds good, thanks for the analysis

[LouGrant]

Awesome work as usual, guys!!!

[Tom D]

WOW!!! Mike Williams IS making more money than me!!!

[SABURZFAN]

he's not working for peanuts.

[shelby]

nice work clump
:D

[SabreEleven]

Donahoe is trying to do the impossible, Build a dynasty in an era of the salary cap that is ruining pro football.
My question to you is "Can you have a team win 3, 4 or 5 Superbowls in a decade with the salary cap?"
I say no, but Donahoe is sure going to try and give it a shot.

[clumping platelets]

It can be done if a team drafts extremely well. Solid drafting allows a team to be more judicial in re-signing FAs. Bills let CB Jeff Burris leave because his replacement Winfield was already on the team. That's why drafting WR Josh Reed in rd 2 made tremendous sense.....he will probably step in for Price after this season

[colin]

That looks like a really small contract for a #4, what are the escalators.

[The_Philster]

Great job, clump :up:

[clumping platelets]

No clue about the escalators. It was reported the full value was in the $38 million range though.....hopefully more will becaome available soon

[Ebenezer]

and we may never know what the other bonuses are until they are hit (team wins, pro bowls, playoffs, etc).

[colin]

TD is just sick. Getting rookies to sign multi teared bonuses means that everyone on the team realize that no one is gonna get a free ride to big cash.

On the other hand, the claims that TD is cheap and is willing to tear a team apart is clearly false, he is willing to pay the money, just not all up front (Butler) and not to an injured or questionable player (Cowart, Riley, Jackson, a couple of other DTs). If his rookies from the lower rounds pay off we are gonna be good.

[itsandthings]

Details of Big Mike's contract:

- $7.275M SB on signing spread over 6 years length (4 years, plus options for 2006 & 2007) at $1,212,500 per season.

- Base: $962,500 in 2002; $558,125 in 2003; $486,250 in 2004; $726,875 in 2005; $967,500 in 2006; $1,208,125 in 2007.

- $3.225M 2006 Option/Buyout due in 2003, spread at $645,000 per season from 2003-2007.

- $1.25M 2007 Option/Buyout due in 2004, spread at $312,500 per season from 2004-2007.

- Cap Numbers are currently figured using base plus bonuses (including options). 2002 - $2,175,000; 2003 - $2,415,625; 2004 - $2,656,250; 2005 - $2,896,875; 2006 - $3,317,500; 2007 - $3,378,125.

- Escalators and incentives could increase the deal to a total of $44M for the 6 year length.

- One time $1.25M NLTBE for minimum p/t & team NLTBE any season.

- up to $1M Pro Bowl honors.

- One-time $550K NLTBE in 2003.

- 2005 Escalates to $4M base + $3M roster bonus. $1.5M other NLTBE in 2005.

- 2006 Escalates to $4M base + $3M roster bonus (option year). $1.5M other NLTBE in 2006.

- 2007 Escalates to $5M base (option year). $3.5M other NLTBE in 2007.


*** The deal is structured in a manner that Williams' will have palatable cap hits if he is a decent player, but if he is a very good player the Escalators that kick in after 3 seasons will force the Bills into signing him to a long-term extension at top money.

[Dozerdog]

Looks like we have some capologist competition on our hands!!

[clumping platelets]

That must be yoyome :rolleyes:

If I had a password, I could be so intelligent about the cap

[Michael82]

Details of Big Mike's contract:

- $7.275M SB on signing spread over 6 years length (4 years, plus options for 2006 & 2007) at $1,212,500 per season.

- Base: $962,500 in 2002; $558,125 in 2003; $486,250 in 2004; $726,875 in 2005; $967,500 in 2006; $1,208,125 in 2007.

- $3.225M 2006 Option/Buyout due in 2003, spread at $645,000 per season from 2003-2007.

- $1.25M 2007 Option/Buyout due in 2004, spread at $312,500 per season from 2004-2007.

- Cap Numbers are currently figured using base plus bonuses (including options). 2002 - $2,175,000; 2003 - $2,415,625; 2004 - $2,656,250; 2005 - $2,896,875; 2006 - $3,317,500; 2007 - $3,378,125.

- Escalators and incentives could increase the deal to a total of $44M for the 6 year length.

- One time $1.25M NLTBE for minimum p/t & team NLTBE any season.

- up to $1M Pro Bowl honors.

- One-time $550K NLTBE in 2003.

- 2005 Escalates to $4M base + $3M roster bonus. $1.5M other NLTBE in 2005.

- 2006 Escalates to $4M base + $3M roster bonus (option year). $1.5M other NLTBE in 2006.

- 2007 Escalates to $5M base (option year). $3.5M other NLTBE in 2007.


*** The deal is structured in a manner that Williams' will have palatable cap hits if he is a decent player, but if he is a very good player the Escalators that kick in after 3 seasons will force the Bills into signing him to a long-term extension at top money.
Damn, he was soo right about this that it's not funny. where'd he go? :(

I see where clump is getting his numbers now. :eek: