Cobb Signs With Packers

[Fritz]

I like that Ted pays up front. Keeps the Packers from the cap hell the Lions put themselves in.

[Patler]

Pete Dougherty @PeteDougherty 28m28 minutes ago
Source confirms @TomPelissero report on Cobb contract $15.1 million in 1st yr. Very important Number: $21M in 1st 2 yrs, big number,


Am I nuts or does the number for the first two years seem entirely expected and appropriate?

It may be expected and appropriate, but I'm not sure if that indicates whether or not you are nuts!

[pbmax]

It may be expected and appropriate, but I'm not sure if that indicates whether or not you are nuts!

Quite! But I don't think $21 million over two years is front-loaded (Dougherty's description) the way the term usually is applied.

Its not front loaded like Woodson and Pickett's deals were.

The only notable thing is that it doesn't seem to have funny money in the out years and its not a JJones looming cap disaster at the back end either.

[Joemailman]

Cobb gets 15 million in 2015 (13 million signing bonus), but 2015 cap hit is only 5.35 million. Biggest cap hits are 2017-2018 at 12.75 million. http://www.spotrac.com/nfl/green-bay.../randall-cobb/

[Patler]

Quite! But I don't think $21 million over two years is front-loaded (Dougherty's description) the way the term usually is applied.

Its not front loaded like Woodson and Pickett's deals were.

The only notable thing is that it doesn't seem to have funny money in the out years and its not a JJones looming cap disaster at the back end either.

Agreed, it is actually fairly well split, front to back from a cash perspective I'm guessing you will see something like $14M signing bonus and just $1.1 salary in 2015, $5.9 in salary and new bonuses in 2016, $9M salary and new bonuses in 2017 and $10M in salary and new bonuses in 2018.

This is the type of contract we have seen from the packers lately. Decent bonus and little salary in year one, more but not a big salary in year two. Year three salary is bigger than the cap hit to release him. For practical purposes, the player has just over half his contract guaranteed, because nothing happens after year one, and there is no incentive (cap wise) for the team to do anything until maybe year three.

Nelson's is somewhat similar.

[red]

yeah, that seems like a very typical TT deal. not a lot if any funny money, and the type of deal where the player has a good chance of seeing the end of it

[pbmax]

yeah, that seems like a very typical TT deal. not a lot if any funny money, and the type of deal where the player has a good chance of seeing the end of it

This is a very underrated point red. The deal gives a player a chance at seeing all the money while giving the team an out if the bottom goes out of the players production. Its not a guarantee in any sense, but it is realistic.

[red]

This is a very underrated point red. The deal gives a player a chance at seeing all the money while giving the team an out if the bottom goes out of the players production. Its not a guarantee in any sense, but it is realistic.

yup, this is where we got in the big argument for the first time last year about whether players are smart enough to know the difference between a real money deal and a funny money deal

like jennings and how he took the queens offer that on the surface had slightly more money then we offered, but can now be cut at anytime now that his cap numbered just jumped. meanwhile, he would have gotten a deal a lot like jordy or cobb got where he would have actually seen more of the money

[pbmax]

yup, this is where we got in the big argument for the first time last year about whether players are smart enough to know the difference between a real money deal and a funny money deal

like jennings and how he took the queens offer that on the surface had slightly more money then we offered, but can now be cut at anytime now that his cap numbered just jumped. meanwhile, he would have gotten a deal a lot like jordy or cobb got where he would have actually seen more of the money

I think Jennings was burned by his injury and low production. He thought he would be in another stratosphere waiting for a year. Not sure if he was burned by contract structure.

Did the Packers ever offer him that deal again? Pretty sure it was less the second time around.

[red]

I think Jennings was burned by his injury and low production. He thought he would be in another stratosphere waiting for a year. Not sure if he was burned by contract structure.

Did the Packers ever offer him that deal again? Pretty sure it was less the second time around.

i don't know if we know if that offer was left on the table, or if it was pulled like raji's

[pbmax]

Here are the details. Looks a lot like the last few big Packer contracts.

http://profootballtalk.nbcsports.com/2015/03/11/randall-cobb-gets-13-million-to-sign/

Cobb receives $13 million to sign, along with a base salary of $1.2 million in 2015. For 2016, Cobb has a $3.5-million roster bonus due on the third day of the league year, plus a salary of $1.5 million.

In 2017 and 2018, the salaries are $8.6 million in each year.

Cobb also can earn $400,000 per year in workout bonuses and up to $500,000 in per-game roster bonuses. For every game he’s not on the roster, the four-year, $40 million deal shrinks by $31,250.

The cap numbers are $5.35 million in 2015, $9.15 million in 2016, $12.75 million in 2017, and $12.75 million in 2018.