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Old 02-27-2013   #50
Dutchrudder 
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Default Re: Tom Brady extension

Quote:
Originally Posted by handswarmer View Post
Right- they added Three million in Salary (1 mill in 13 and 2 in 14) but converted hos 13 and 14 salaray to a $30 mill SB and then guaranteed the last 3 yrs at 9 mill each (27 mill)
Edit: I see it now.

Brady restructured his salary in 2012 to signing bonus and that added to the cap hit to 2013 and 2014. His original deal was going to be:
2013: 15 million salary + 6.8 million signing bonus
2014: 15 million salary + 6.8 million signing bonus

Total of 43.6 million over two years.

Instead, they now have him as:
2013: 1 million salary, 12.8 million signing bonus (saves 8 million)
2014: 2 million salary, 12.8 million signing bonus (saves 7 million)

Total of 28.6 over two years. A savings of 15 million in cap space.

And after 2014 the only signing bonus is the 6m a year from the restructure.

Now it all makes sense!
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