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Saturday's bonus money

 
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justo


Joined: 05 Aug 2012
Posts: 13090
PostPosted: Mon Feb 18, 2013 9:16 pm    Post subject: Saturday's bonus money Reply with quote

So we cut him...does this mean we have to pay for his signing bonus as a cap hit? If he retired we wouldn't have had to IIRC. Real bummer if we had to. Letting him retire as a Colt would be worth it though.
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CentralFC


Joined: 03 Feb 2011
Posts: 3923
Location: Evanston, IL
PostPosted: Mon Feb 18, 2013 9:31 pm    Post subject: Re: Saturday's bonus money Reply with quote

justo wrote:
So we cut him...does this mean we have to pay for his signing bonus as a cap hit? If he retired we wouldn't have had to IIRC. Real bummer if we had to. Letting him retire as a Colt would be worth it though.


There's some dead money but it's virtually insignificant (like 7 or 8 hundred thousand I think).
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Simian07:
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I'd argue Jordy is probably around the 30th-40th best receiver in the NFL, maybe 50th.
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TheGreatZepp


Joined: 27 Jan 2010
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PostPosted: Mon Feb 18, 2013 10:23 pm    Post subject: Reply with quote

They could of reworked his contract before cutting him too and we'd never know about it.
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ChaRisMa


Joined: 08 Mar 2007
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PostPosted: Mon Feb 18, 2013 11:04 pm    Post subject: Reply with quote

Pretty sure NFL has this worked out. If he retires he loses bonus money.
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HokieHigh


Joined: 18 Aug 2009
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Location: Blacksburg
PostPosted: Mon Feb 18, 2013 11:20 pm    Post subject: Re: Saturday's bonus money Reply with quote

CentralFC wrote:
justo wrote:
So we cut him...does this mean we have to pay for his signing bonus as a cap hit? If he retired we wouldn't have had to IIRC. Real bummer if we had to. Letting him retire as a Colt would be worth it though.


There's some dead money but it's virtually insignificant (like 7 or 8 hundred thousand I think).


700,000 or 800,000 is virtually insignificant. Shocked This world is crazy.
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palmy50


Joined: 26 Nov 2006
Posts: 13863
PostPosted: Mon Feb 18, 2013 11:40 pm    Post subject: Reply with quote

ChaRisMa wrote:
Pretty sure NFL has this worked out. If he retires he loses bonus money.


This.
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jfinley88


Joined: 08 Feb 2010
Posts: 11086
PostPosted: Mon Feb 18, 2013 11:40 pm    Post subject: Re: Saturday's bonus money Reply with quote

justo wrote:
So we cut him...does this mean we have to pay for his signing bonus as a cap hit? If he retired we wouldn't have had to IIRC. Real bummer if we had to. Letting him retire as a Colt would be worth it though.


I'm pretty sure it doesn't matter either way. Whether or not he retired a Packer or was released we'd still owe him that signing bonus...
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justo


Joined: 05 Aug 2012
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PostPosted: Mon Feb 18, 2013 11:48 pm    Post subject: Reply with quote

palmy50 wrote:
ChaRisMa wrote:
Pretty sure NFL has this worked out. If he retires he loses bonus money.


This.
Coolcoolcool. Just making sure. Wasn't sure about how this one day contract stuff works. Thanks guys
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CentralFC


Joined: 03 Feb 2011
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PostPosted: Tue Feb 19, 2013 12:29 am    Post subject: Re: Saturday's bonus money Reply with quote

HokieHigh wrote:
CentralFC wrote:
justo wrote:
So we cut him...does this mean we have to pay for his signing bonus as a cap hit? If he retired we wouldn't have had to IIRC. Real bummer if we had to. Letting him retire as a Colt would be worth it though.


There's some dead money but it's virtually insignificant (like 7 or 8 hundred thousand I think).


700,000 or 800,000 is virtually insignificant. Shocked This world is crazy.


By NFL standards, yes.

By everyone else's, no. I was just being relative.
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Simian07:
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I'd argue Jordy is probably around the 30th-40th best receiver in the NFL, maybe 50th.
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Pugger


Joined: 01 May 2010
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PostPosted: Tue Feb 19, 2013 10:30 am    Post subject: Reply with quote

Did he formally retire - file paper work, etc.? I'm wondering because normally you don't release a player that is retired. Just ask Favre! Wink
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ChaRisMa


Joined: 08 Mar 2007
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PostPosted: Tue Feb 19, 2013 12:21 pm    Post subject: Reply with quote

I think if a player retires they lose any bonus money they would have made. I'm sure there is some kind of an agreement that states if the player decides NOT to retire after signing the agreement they lose the money. Teams agree to release the player only after the player forfeits that bonus. That's why some players don't file for retirement until the NEXT offseason.

Not sure if Favre agreed to that before leaving the Jets..
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palmy50


Joined: 26 Nov 2006
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PostPosted: Tue Feb 19, 2013 11:03 pm    Post subject: Reply with quote

Either way, as long as Saturday does not play another snap of football in the NFL the league will view him as retired and another penny will not be given.
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Ketchup


Joined: 13 May 2009
Posts: 13813
Location: Milwaukee, WI
PostPosted: Wed Feb 20, 2013 12:26 am    Post subject: Reply with quote

Pugger wrote:
Did he formally retire - file paper work, etc.? I'm wondering because normally you don't release a player that is retired. Just ask Favre! Wink
Saturday wanted to retire as a Colt by signing a one day contract with Indy and then retiring. Can't really do that if he was still under contract with GB.
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incognito_man


Joined: 11 Jan 2007
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Location: Madison
PostPosted: Wed Feb 20, 2013 12:42 am    Post subject: Reply with quote

Ketchup wrote:
Pugger wrote:
Did he formally retire - file paper work, etc.? I'm wondering because normally you don't release a player that is retired. Just ask Favre! Wink
Saturday wanted to retire as a Colt by signing a one day contract with Indy and then retiring. Can't really do that if he was still under contract with GB.


should have, then we can get their draft pick for tampering.
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