Gary Extended

[ThunderDan]

Rashan Gary signs a 4 year deal for $107,000,000.

[run pMc]

34.6M is guaranteed.

Here's a few other contracts:

Maxx Crosby 4yr/94M
Bradley Chubb 5/110M
TJ Watt 4/110M
Myles Garrett 5/125M
Trey Hendrickson signed a 1yr, 21M extension with CIN

Provides some context into Gary's deal. A bit on the pricey side IMO, but not resetting the market or anything. Is he worth it?
He was basically the EDGE3 his first two years, missed half of last year and has been on a pitch count. When he rushes the passer he's very good but he's not a great run defender.

I think this is a slight overpay but it helps the pass rush.

[Anti-Polar Bear]

I am just a dumb burger flipper. Someone, please explain to me, in layman’s terms, how a team that’s drowning in a cap hell with more dead money than Enron’s revenue accounts combined is able to afford Gary Lightbody for $107M.

I mean, smart Pack fans were telling me, the Packers went “all-in” and lost the gamble. Consequently, cap hell is the price the Packers are currently paying. Ain’t no way in hell a team in a cap hell can afford to pay Gary $107M.

Are the Packers cooking the cap? I am so confused.

[MadScientist]

They aren't in future cap hell. Other than possibly Bakh, there isn't a lot of potential dead cap money coming up. And Gary is the only player consistently playing at a high level on defense.

[Anti-Polar Bear]

They aren't in future cap hell. Other than possibly Bakh, there isn't a lot of potential dead cap money coming up. And Gary is the only player consistently playing at a high level on defense.

But, according many smart Pack fans, the Packers are presently in a cap hell. In the 90’s, the 69ers went all-in once. Won a Super Bowl then fell into a cap hell. Consequently, they lost Neon Deion to the Cowfuckers.

If the Packers are in a cap hell, it should be illogical for the Packers to retain Gary for $107M. Either the Packers are NOT in a cap hell or they’re cooking the cap. Some burger flipper once said that cap hell doesn’t exist anymore and any team can always cook the cap.

[SudsMcBucky]

But, according many smart Pack fans, the Packers are presently in a cap hell. In the 90’s, the 69ers went all-in once. Won a Super Bowl then fell into a cap hell. Consequently, they lost Neon Deion to the Cowfuckers.

If the Packers are in a cap hell, it should be illogical for the Packers to retain Gary for $107M. Either the Packers are NOT in a cap hell or they’re cooking the cap. Some burger flipper once said that cap hell doesn’t exist anymore and any team can always cook the cap.

Don't be intentionally difficult. Even a burger flipper understands that our cap hell is in this current year, with most of it being the balance of AR's bonus hitting. That will all be gone next year. Also, next year we'll free up another $21MM in cap when Bakh is released. This Gary contract is for the future caps, which those 2 big cap hits will be gone. yes, we'll still have $19MM of Bakh money next year, but that other $21MM is freed. IIRC, the AR cap hit that will free up next year is $50MM.

[call_me_ishmael]

Big time money but that's the going rate I guess. TJ signed two years aog and still higher so not surprising I suppose.

[Anti-Polar Bear]

Don't be intentionally difficult. Even a burger flipper understands that our cap hell is in this current year, with most of it being the balance of AR's bonus hitting. That will all be gone next year. Also, next year we'll free up another $21MM in cap when Bakh is released. This Gary contract is for the future caps, which those 2 big cap hits will be gone. yes, we'll still have $19MM of Bakh money next year, but that other $21MM is freed. IIRC, the AR cap hit that will free up next year is $50MM.

So you’re saying the Packers are presently in a cap hell? And you’re saying that cap hell is nothing but a short term nothing burger?

Maybe Gary gave the Packers a hometown discount. But he’s now averaging $24M/yr. Ain’t no way a team in a cap hell has the cap space to sign Gary for that much…unless it was never in a cap hell, or it’s cooking the cap.

With titanic TV contracts and soaring revenues, there’s no such fuck as a cap hell in the NFL anymore. If there ain’t a cap hell, there sure as fuck ain’t no reason not to cook the cap, especially for a team whose owners are a punch of faceless “stockholders” who won’t get a penny of the Packers net profit.

[run pMc]

Would it help if we explained it's a 4 year extension, so given he makes a guaranteed 10.8M this year on the 5th year option, by extending him he's essentially making 118M over this year and the next 4? A lot of times teams actually get cap relief by extending players on their 5th year, because that year is fully guaranteed, whereas only a small portion of Gary's extension is. They could pay him the full $34M guarantee next year with a 1M salary. That 34M is spread over the remainder of this year and the 4 following years. It's funny games with the money, but it's normal for NFL contracts.

One other thing: they are definitely in bad cap shape this year with dead money (they have cap charges still for Adrian Amos, Dean Lowry, Jarren Reed, Randall Cobb, and of course Rodgers among others). The Rodgers deal is the one hurting them most this year. Next year they will still have some cap unwinding to do but it won't be as severe. They will be able to more easily nibble along the fringes of FA; this year it was pure dumpster diving. 2025 is when -- assuming they don't do foolish things with any contracts -- they can truly be players in FA again. I'm going to assume that they learned a lesson with the all-in/run-it-back Rodgers years. This year is the loan on that future cap space they signed up for in 2021-22, and now the credit card bill is being paid.

Cap hell is usually short-term, if you aren't the New Orleans Saints. It's not a nothing burger though. There's been plenty of digital ink spilled about how much the Ravens are spending on offense this year vs. Green Bay (something like 5 times). GB has a very cheap offense (esp. without Bakhtiari) and it shows.

[ThunderDan]

I am just a dumb burger flipper. Someone, please explain to me, in layman’s terms, how a team that’s drowning in a cap hell with more dead money than Enron’s revenue accounts combined is able to afford Gary Lightbody for $107M.

I mean, smart Pack fans were telling me, the Packers went “all-in” and lost the gamble. Consequently, cap hell is the price the Packers are currently paying. Ain’t no way in hell a team in a cap hell can afford to pay Gary $107M.

Are the Packers cooking the cap? I am so confused.

This deal has no impact on our 2023 salary cap.

Right now we are $33,000,000 under the 2024 salary cap.

[texaspackerbacker]

But, according many smart Pack fans, the Packers are presently in a cap hell. In the 90’s, the 69ers went all-in once. Won a Super Bowl then fell into a cap hell. Consequently, they lost Neon Deion to the Cowfuckers.

If the Packers are in a cap hell, it should be illogical for the Packers to retain Gary for $107M. Either the Packers are NOT in a cap hell or they’re cooking the cap. Some burger flipper once said that cap hell doesn’t exist anymore and any team can always cook the cap.

I thought I was the one who said that hahahaha and you intelligently echoed me. Don’t sell yourself short. You generally exhibit a helluva lot more smarts (on this end of the forum anyway) this than the supposed real CPA in here.

Of course the cap is cooked, depending on how you define cooking, specifically, the use of bonuses. I would assume that $34m+ of guaranteed money is the rest of this year’s salary plus the bonus. It’s eminently logical to pay him that much based on the way he plays and the importance of his position.

And of course pretty much everybody does that perfectly legal and highly intelligent kind of cap cooking.

[Anti-Polar Bear]

This deal has no impact on our 2023 salary cap.

Right now we are $33,000,000 under the 2024 salary cap.

So the Packers were never in a cap hell. Gotcha.

[Anti-Polar Bear]

I thought I was the one who said that hahahaha and you intelligently echoed me. Don’t sell yourself short. You generally exhibit a helluva lot more smarts (on this end of the forum anyway) this than the supposed real CPA in here.

Of course the cap is cooked, depending on how you define cooking, specifically, the use of bonuses. I would assume that $34m+ of guaranteed money is the rest of this year’s salary plus the bonus. It’s eminently logical to pay him that much based on the way he plays and the importance of his position.

And of course pretty much everybody does that perfectly legal and highly intelligent kind of cap cooking.

Not to brag or anything, but I am actually quite smart when my head ain’t clouded by porn.

[King Friday]

This isn’t a bad deal, but it isn’ta great deal either. Means it is probably fair market value for a guy who can get 15+ sacks a year of healthy but is a liability in run defense.

[ThunderDan]

So the Packers were never in a cap hell. Gotcha.

If you consider that 27.2% of our cap hit this year plays for other teams or not at all, than I guess we were never in cap hell.

If you live in the real work, having $61,500,000 of potential improvements to the team not even suiting up for the team is causing a real shitty season.