mikeak
Well-known member
Sgt. Largent":1fpg09rl said:brimsalabim":1fpg09rl said:I thought Wilson was already under contract for next season? If so wouldn't any new contract numbers hit the cap in 2016?
When a player signs an extension, the current contract is ripped up and the new cap # starts so the player can start getting his bonus money immediately.
Confused about the question and the reply.
If player is supposed to receiver $1million in 2015 and gets a four year 20 million dollar extension of which 10 million is signing bonus then it should work as follows
1) Still pay $1 million in 2015 for base salary
2) Take the 10 million dollar signing bonus and spread it over the five years so 4million hit / year
3) pay the remaining 10 million over the next four years so 2016-2019
So the "current contract is ripped up" - yeah but the base salary for remaining year remains intact which is different than getting a new contract in full which completely rips it up. A four year extension on a one year contract means the guy is signed for five years. A new contract for four years on a guy that has one year left still only means the guy is signed for four years