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Ertz Restructures

 
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Phire


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PostPosted: Mon Mar 13, 2017 1:48 pm    Post subject: Ertz Restructures Reply with quote

This was posted earlier in the news thread, but it got buried. Making a new thread for those who may have missed it and for others keeping track of our cap space.
Quote:
The Philadelphia Eagles freed up some cap space on Monday by restructuring Zach Ertzís contract, according to a report from ESPNís Field Yates. Yates reports $3.225 million of Ertzís base salary was converted into a guaranteed roster bonus, which means the Eagles save $2.58 million in cap room.

Entering Monday, the Eagles had the fewest amount of cap space in the league at just over $3 million. Now the Eagles should be at around $5.645 million (not factoring in the Nick Foles signing) and more savings could be on the way. Philadelphia will reportedly cut Chase Daniel so that will save at least $1 million and potentially even more. The Eagles can also makes some obvious trades (Jason Kelce, Mychal Kendricks) and cuts (Ron Brooks, Ryan Mathews) that would save significant money.
Note that this is a restructure, not a pay cut.
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Nabbs4u


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PostPosted: Mon Mar 13, 2017 2:02 pm    Post subject: Reply with quote

Wonder if they have approached Vinny Curry yet and if he said, kick rocks?
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Phire


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PostPosted: Mon Mar 13, 2017 2:04 pm    Post subject: Reply with quote

Nabbs4u wrote:
Wonder if they have approached Vinny Curry yet and if he said, kick rocks?

So what the Eagles did with Ertz was convent some base salary into a guaranteed roster bonus. So you still make the same money. Am I missing something or is there a reason to turn this down? It helps your team and you get guaranteed money?
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Nabbs4u


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PostPosted: Mon Mar 13, 2017 2:13 pm    Post subject: Reply with quote

Phire wrote:
Nabbs4u wrote:
Wonder if they have approached Vinny Curry yet and if he said, kick rocks?

So what the Eagles did with Ertz was convent some base salary into a guaranteed roster bonus. So you still make the same money. Am I missing something or is there a reason to turn this down? It helps your team and you get guaranteed money?


Is it more guaranteed or just more money up front from your original salary contract? I agree it's a good thing.
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EaglesPeteC


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PostPosted: Mon Mar 13, 2017 3:23 pm    Post subject: Reply with quote

*gets back on restructuring soap box*

Restructuring is not a punishment for poor play. Restructuring is good for the player and bad for the team long term (but good short term) Its a credit card system. The player converts some 2017 un-guaranteed base salary to fully guaranteed signing bonus and spreads that over the remaining years of the contract.

Curry is a really bad restructure target because if you restructure him he gets more guaranteed money in the future which will make him impossible to cut if he continues to under-perform.

I'd look to Lane Johnson as a solid restructure candidate.
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ninjapirate


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PostPosted: Mon Mar 13, 2017 3:29 pm    Post subject: Reply with quote

EaglesPeteC wrote:
*gets back on restructuring soap box*

Restructuring is not a punishment for poor play. Restructuring is good for the player and bad for the team long term (but good short term) Its a credit card system. The player converts some 2017 un-guaranteed base salary to fully guaranteed signing bonus and spreads that over the remaining years of the contract.

Curry is a really bad restructure target because if you restructure him he gets more guaranteed money in the future which will make him impossible to cut if he continues to under-perform.

I'd look to Lane Johnson as a solid restructure candidate.



if anything since all of Lane's guarantees were cancelled by his suspension he should be begging the eagles to restructure him.
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Phire


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PostPosted: Mon Mar 13, 2017 3:30 pm    Post subject: Reply with quote

Wouldn't be surprised to see at least two more restructures.
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