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Brunell restructures

 
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sootedpair


Joined: 20 Feb 2005
Posts: 2188
PostPosted: Thu Mar 10, 2005 11:02 am    Post subject: Brunell restructures Reply with quote

http://www.washingtonpost.com/wp-dyn/articles/A22177-2005Mar9.html

Got us an extra million in cap room. The article doesn't say what that cap hits will be in the future though.

If/when we trade Gardner, that's another $2 million.

There's another article in the post that talks about the Skins being more fiscally responsible and not overpaying our players. It goes on to say that that is the reason why we didn't match the Smoot and Pierce deals. It also says that they weren't going to give Smoot a bigger deal than Springs (because they consider Springs to be better) and that they weren't going to give Pierce a better deal than Washington got. It sounds like they're trying their best to copy what the Pats have been doing.
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e16bball


Joined: 17 Dec 2004
Posts: 14991
PostPosted: Thu Mar 10, 2005 2:18 pm    Post subject: Reply with quote

Apparently the restructure is in essence a paycut which can be earned back in the future through incentives. Incentives are classified in two ways: Those that are likely to be met, and those that are not. Apparently likely incentives count against the cap if met, while unlikely incentives do not. So, the future cap hit depends on whether these incentives are classified as likely or unlikely.
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avbanig


Joined: 30 Nov 2004
Posts: 823
Location: Washington, DC
PostPosted: Thu Mar 10, 2005 2:35 pm    Post subject: Reply with quote

well most likely Brunell won't meet any incentives, unless Ramsey gets hurt, or plays horrible...so that's good news. I'm glad he is restructuring.

We need all the help we can get after the Coles debachle.
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sootedpair


Joined: 20 Feb 2005
Posts: 2188
PostPosted: Thu Mar 10, 2005 3:07 pm    Post subject: Reply with quote

Quote:
well most likely Brunell won't meet any incentives


I read that one (or more maybe) of the incentives was that the offense improves. It didn't say specifically that Brunell had to have any part of the improvement though.
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riggensghost


Joined: 28 Jan 2005
Posts: 403
PostPosted: Thu Mar 10, 2005 7:26 pm    Post subject: Reply with quote

you are right, the incentives are based on offensive improvement and not specifically individual accomplishments.

He accepted the league minimum for a 12yr veteran. It makes it a lot easier having him knowing you are not paying a lot to have him hold a clipboard.
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taylor36


Joined: 01 Mar 2005
Posts: 173
PostPosted: Thu Mar 10, 2005 8:27 pm    Post subject: Reply with quote

can you post the article because I can't register
thanks
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sootedpair


Joined: 20 Feb 2005
Posts: 2188
PostPosted: Thu Mar 10, 2005 10:55 pm    Post subject: Reply with quote

taylor36 wrote:
can you post the article because I can't register
thanks


Here it is, check your PM for future reference.

By Nunyo Demasio
Washington Post Staff Writer
Thursday, March 10, 2005; Page D03

Quarterback Mark Brunell became the latest Redskins player to restructure his contract, sources said. Brunell -- who started the first nine games last season before being replaced by Patrick Ramsey -- reworked his contract to save Washington about $1 million.

The amount is significant because the Redskins have been in a salary cap quandary since trading wide receiver Laveranues Coles to the New York Jets for wideout Santana Moss.

According to sources, Brunell was told that the Redskins needed the extra money to sign other players because of the trade. Although Washington allowed cornerback Fred Smoot to depart, the organization still lacks flexibility to sign its remaining unsigned players plus draft picks. Also, Coach Joe Gibbs said yesterday that Washington would consider signing a released player.

Last year, Brunell signed a seven-year, $34 million contract that included an $8.6 million bonus. Brunell was scheduled to make about $2 million this season -- a $500,000 roster bonus due this month, plus $1.5 million in base salary. Sources with knowledge of the details said that Brunell agreed to reduce his roster bonus to $235,000 and will earn $765,000, the NFL's minimum salary for a 12th-year veteran. Brunell could make up for the difference through incentives, which don't count against the cap.

The incentives for Brunell include team improvement in one of eight offensive categories. Because Washington was the 30th-ranked offense in the 32-team NFL, Brunell will almost certainly earn the incentive.

Before restructuring, Brunell's cap hit for 2005 would have been $3.5 million.
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e16bball


Joined: 17 Dec 2004
Posts: 14991
PostPosted: Fri Mar 11, 2005 3:21 am    Post subject: Reply with quote

What has come out since that article is that 4 of the 8 incentives are "likely" and the other 4 are "unlikely." This means that we will assuredly recoup some money as a result of this move. For once, I'm being 100% serious and 0% sarcastic when I say "Thanks a lot Brunell."
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