red
03-10-2014, 08:59 PM
there are no rumors of this out there, and no talk of it, but tramon is making too much this year
we don't "need" the cap space at this point, but just in case we do for some reason, i think i have an idea for doing it based on some other restructures that have been done around the league lately
tramon is due to count 9.5 million against the cap this year, it is the final year of his contract
6.9 million is his salary and the key part of the number
2 million is the pro rated signing bonus
and he's got 600,000 in miscellaneous bonuses(workout bonuses, etc)
you take his base salary and turn it into a new signing bonus on a 1 or 2 year extension. he gets that money in his hand the moment he signs his name. spread out over the next 2 or 3 years you get either 3.45 or 2.3 million per year
for this year, you would have to add it to the remaining pro rated signing bonus (2 million) and you would have 5.45 million or 4.3 million for this season. i'm going to drop the miscellaneous bonuses to make things easier.
you then give him a smaller salary for this year, like 1 million, and you could give in 2-4 million in the remaining years
so, if its a one year extension
2014 cap hit = 3.45 (new signing bonus)+2 million existing signing bonus+ 1 million dollar salary =6.45 million dollar cap hit (he would take home 7.9 million this year, 1 million more then he is going to make)
2015= 3.45 pro rated signing bonus+4 million salary= 7.45 million.
his total take for two years would be about 13.9 million
if its a 2 year extension. lets give him 9 million for a signing bonus to make the math easy
2014= 3 million (new signing bonus)+2 million (existing signing bonus)+1 million base salary= 6 million dollar cap hit. 10 million dollar take home pay for the year
2015=3 million pro rated signing bonus+ 6 million salary= 9 million cap hit (16 million take home for 2 years)
2016= 3 million signing bonus+ 9 million salary= 12 million dollar cap hit (in the shields ball park, can be cut if need be).
that turns out to be a 3 year 25 million, with a 9 million dollar signing bonus
agina, not that we need to do it, but if we have to, here's a solution that could work
we don't "need" the cap space at this point, but just in case we do for some reason, i think i have an idea for doing it based on some other restructures that have been done around the league lately
tramon is due to count 9.5 million against the cap this year, it is the final year of his contract
6.9 million is his salary and the key part of the number
2 million is the pro rated signing bonus
and he's got 600,000 in miscellaneous bonuses(workout bonuses, etc)
you take his base salary and turn it into a new signing bonus on a 1 or 2 year extension. he gets that money in his hand the moment he signs his name. spread out over the next 2 or 3 years you get either 3.45 or 2.3 million per year
for this year, you would have to add it to the remaining pro rated signing bonus (2 million) and you would have 5.45 million or 4.3 million for this season. i'm going to drop the miscellaneous bonuses to make things easier.
you then give him a smaller salary for this year, like 1 million, and you could give in 2-4 million in the remaining years
so, if its a one year extension
2014 cap hit = 3.45 (new signing bonus)+2 million existing signing bonus+ 1 million dollar salary =6.45 million dollar cap hit (he would take home 7.9 million this year, 1 million more then he is going to make)
2015= 3.45 pro rated signing bonus+4 million salary= 7.45 million.
his total take for two years would be about 13.9 million
if its a 2 year extension. lets give him 9 million for a signing bonus to make the math easy
2014= 3 million (new signing bonus)+2 million (existing signing bonus)+1 million base salary= 6 million dollar cap hit. 10 million dollar take home pay for the year
2015=3 million pro rated signing bonus+ 6 million salary= 9 million cap hit (16 million take home for 2 years)
2016= 3 million signing bonus+ 9 million salary= 12 million dollar cap hit (in the shields ball park, can be cut if need be).
that turns out to be a 3 year 25 million, with a 9 million dollar signing bonus
agina, not that we need to do it, but if we have to, here's a solution that could work