Gary Extended

[Anti-Polar Bear]

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.

At the start of the league year, the Bears had more “dead money” than the Packers. Were they in a cap hell?

Exactly.

There’s no such fuck as a cap hell anymore. Dead money is just an excuse the owners use to limit labor expenses. The Bears had more dead money than the Packers, yet they had more cap space than the Packers.

The Packers coulda created 61.5M (your dead money figure, I suppose) in cap space if they wanted to. How? Cook. The. Cap. Future cap hits/dead money will be offset by expiring contracts/soaring revenues/future cooking.

[bobblehead]

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.

Because its backloaded. It will probably count about 10 and 20 million against the cap the first 2 years. And we are out of cap hell for the most part after next season. But you know that and are just desperately trying to pretend you were right all along and what we are currently experiencing isn't related at all to desperately going all in the previous several years. You want to pretend that we don't currently have 10 of 12 preferred starters on offense on rookie deals because of previous years decisions.

[SudsMcBucky]

At the start of the league year, the Bears had more “dead money” than the Packers. Were they in a cap hell?

Exactly.

There’s no such fuck as a cap hell anymore. Dead money is just an excuse the owners use to limit labor expenses. The Bears had more dead money than the Packers, yet they had more cap space than the Packers.

The Packers coulda created 61.5M (your dead money figure, I suppose) in cap space if they wanted to. How? Cook. The. Cap. Future cap hits/dead money will be offset by expiring contracts/soaring revenues/future cooking.

What you're not grasping is, that although caps can definitely be cooked, we had pretty much cooked all the contracts we could kick down the road. There really isn't much more left to kick on this year's team.

[Fritz]

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.

That's where I'm at. That seems like elite money, but Gary is elite at only one part of the job description. That'd be like paying a QB elite money because he can make one type of throw really well, but not another.

But I suppose that's the league, and they could hardly afford to lose him. IF he's as hard a worker as they say, can he please work on his run defense, though?

[Anti-Polar Bear]

Because it’s backloaded. It will probably count about 10 and 20 million against the cap the first 2 years. And we are out of cap hell for the most part after next season. But you know that and are just desperately trying to pretend you were right all along and what we are currently experiencing isn't related at all to desperately going all in the previous several years. You want to pretend that we don't currently have 10 of 12 preferred starters on offense on rookie deals because of previous years decisions.

Let me this straight, Bobble logic:

The Packers are in a cap hell.

Cap hell is short term.

Backloaded contracts create cap hell.

Using your logic, why extend Gary at all? His backloaded contract is just gonna create future cap hell!

In today’s NFL, cash flow, not the salary cap, is what handicaps players expenditures. And profit is still the name of the game, even for the so-called nonprofit corporation. The Packers are supposedly in a cap hell, yet the just handed out sumptuous contracts to the likes of 12, 69, 52, 23, 29, 59, 91, and whatever number the Fucking Center wears, among others.

So why won’t the Packers hand out more sumptuous contracts? Cash flow. Not only do the Packers not want to have to dig into their “reserve” fund, thunderdan jotting down a net loss when he does his annual audit of the Packers won’t look good for the team - and the league, a league full of greedy pigs.

[Anti-Polar Bear]

There really isn't much more left to kick on this year's team.

Wrong. Even our resident hotshot CPA, thunderdan, will tell you’re wrong. If he says otherwise, he’s lying.

[run pMc]

those backloaded contracts only come back to bite you when you decide to convert salary to bonus, thus making that money guaranteed. So you convert $12 million of a player's salary (who has two years left) to a bonus over the next 2 years, maybe add a void year so it's over 3 years. you've just created $8M of cap space for that year, but you've pushed out 8 million over one or two years. Do that over and over for multiple players across multiple years, and it starts to stack up until you have one or two really shitty cap space years.

That's how you cook your cap. Trouble is, you cook it too much and it burns.

[run pMc]

Story is actually a 4/96M deal.

https://www.acmepackingcompany.com/2023/10/30/23938347/packers-rashan-gary-contract-extension-signed-2023-4-years-96-million

The new contract for Gary will likely increase his salary cap hit for 2023 by a small amount. He was previously playing on his rookie 5th-year option, which carried a base salary of $10.892 million. According to Huber, the signing bonus on the deal is reportedly about $34.6 million, which will be split up evenly on the cap as about $6.93 million per year over the five years of the deal (including 2023). With a reduction in his base salary to $4.9 million, Gary’s cap hit bumps up very slightly to $11.83 million this year.

[Anti-Polar Bear]

those backloaded contracts only come back to bite you when you decide to convert salary to bonus, thus making that money guaranteed. So you convert $12 million of a player's salary (who has two years left) to a bonus over the next 2 years, maybe add a void year so it's over 3 years. you've just created $8M of cap space for that year, but you've pushed out 8 million over one or two years. Do that over and over for multiple players across multiple years, and it starts to stack up until you have one or two really shitty cap space years.

That's how you cook your cap. Trouble is, you cook it too much and it burns.

You’re ignoring soaring revenues (future cap increases), future expiring contracts, future cooking and older “dead money” being wiped off books, all of which will offset future dead money.

[Anti-Polar Bear]

Story is actually a 4/96M deal.
https://www.acmepackingcompany.com/2...ars-96-million

lol

TLDR: Team in a cap hell extends Gary Lightbody, increasing current cap hit for a team already drowning in cap hell.

[red]

sure seems like a lot of money. he's good, but not elite imo, and this is elite money

on the other hand, he is the one bright spot on the defense, and he seems to be the only packer over the last few years thats been able to come back from an injury, so that should be worth a few more dollars

[red]

Story is actually a 4/96M deal.
https://www.acmepackingcompany.com/2...ars-96-million

must be nice to live in a world where 1 million dollars is a "slight bump"

[bobblehead]

Let me this straight, Bobble logic:

The Packers are in a cap hell.

Cap hell is short term.

Backloaded contracts create cap hell.

Using your logic, why extend Gary at all? His backloaded contract is just gonna create future cap hell!

In today’s NFL, cash flow, not the salary cap, is what handicaps players expenditures. And profit is still the name of the game, even for the so-called nonprofit corporation. The Packers are supposedly in a cap hell, yet the just handed out sumptuous contracts to the likes of 12, 69, 52, 23, 29, 59, 91, and whatever number the Fucking Center wears, among others.

So why won’t the Packers hand out more sumptuous contracts? Cash flow. Not only do the Packers not want to have to dig into their “reserve” fund, thunderdan jotting down a net loss when he does his annual audit of the Packers won’t look good for the team - and the league, a league full of greedy pigs.

I never said that so you get an F.

[SudsMcBucky]

lol

TLDR: Team in a cap hell extends Gary Lightbody, increasing current cap hit for a team already drowning in cap hell.

But it DOESN'T increase current hit. It hits in future years. Right here in the article:

"The new contract for Gary will likely increase his salary cap hit for 2023 by a small amount."

[Sparkey]

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

That is for only 43 players in 2024 and the space does not include Gary's new contract.