John63
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knownone":moi7rn75 said:Some of these takes are killing me.
The Seahawks did not save 7M off the cap this season. Russell's cap hit for 2019 is, and has always been, 25M. The only way that number has changed is if Seattle stretched that hit into his new contract which would just add to his cap hit in future seasons.
The value of Wilsons contract extension is 140M in new money at 35M APY.
His total compensation on paper over the next 5 years is 157M.
His total cap hit during that time is right around 165M at 33M APY.
The reason his cap hit is higher than his compensation has to do with the structure of his rookie contract involving the proration of initial his signing bonus (or other bonuses). Wilson got 60M upfront to sign his new contract, but his cap hit this season is not even close to 60M. Why? Because they've distributed that cap hit over the length of the deal (proration). The same is true of his rookie contract, and Seattle is still dealing with the remainder of that on their cap in 2019.
There is no salary cap magic that allows you to pay a player X amount of dollars without it counting X amount against the cap.
Wilsons contract probably won't ever be a 'bargain'. Aaron Rodgers was #1 in APY for the first 3 years of his previous contract extension. He was in the top 5 in his 4th year, and top 8 in the final year. The gap between Rodgers and the #2 highest paid QB in his final year was less than 3M. So unless you consider being in the top 5 in terms of pay at your position a bargain. You shouldn't refer to the long term valuation of these deals as bargains.
Given there are 8+ starting QBs who will be looking for a new deal next year the odds are pretty good Wilson will not be in the top 5 and as such will be a bargain.