What contracts can be restructured, which players could be cut
This is where Allen’s bank account comes into play. All Beane has to do is reduce Allen’s 2023 base salary to the league minimum and convert the other $21 million he is owed into a signing bonus. It’s a pretty good deal for both parties because Allen gets all that money immediately, while the Bills would not only be cap compliant but almost $4 million in the black.
For accounting purposes, that $21 million bonus can then be prorated over the remaining six years on Allen’s contract. This is not something Beane loves doing, kicking money into the future, but when you have a team that, before any restructures like this occur, counts nine players with cap hits north of $10 million in 2023, he really doesn’t have a choice.
This is where Allen’s bank account comes into play. All Beane has to do is reduce Allen’s 2023 base salary to the league minimum and convert the other $21 million he is owed into a signing bonus. It’s a pretty good deal for both parties because Allen gets all that money immediately, while the Bills would not only be cap compliant but almost $4 million in the black.
For accounting purposes, that $21 million bonus can then be prorated over the remaining six years on Allen’s contract. This is not something Beane loves doing, kicking money into the future, but when you have a team that, before any restructures like this occur, counts nine players with cap hits north of $10 million in 2023, he really doesn’t have a choice.
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