flv2
Well-known member
Restructuring Eloeckette's contract frees up $5.69M of 2023 cap space. Effectively it borrows $2.845M from the Seahawks cap in both 2024 and 2025.How much did John free up? Any ideas?
Restructuring Eloeckette's contract frees up $5.69M of 2023 cap space. Effectively it borrows $2.845M from the Seahawks cap in both 2024 and 2025.How much did John free up? Any ideas?
5.69 million says the BR articleHow much did John free up? Any ideas?
Actually, I think this is written into all contracts, and any team can do this unilaterally. Love Lockett, but he probably has no say one way or the other.
My understanding is teams have the option to restructure players' contracts by converting future salaries to signing bonuses (to lower their current year's cap hit)... and to do so without the player's permission.
They likely let Tyler know as a courtesy, but they didn't need his permission.
I really don't understand your point as it relates to what I and GGotskill posted.That may be true in the case of other franchisees. But, it is not the Seahawks way. Seattle isn't a prison. And, the only people present at the VMAC are those who want to be there ..... those that commit to "IM IN".
I really don't understand your point as it relates to what I and GGotskill posted.
Kindly explain the relationship.
Like I said... they probably told Tyler as a courtesy, but they didn't need his permission.It means what it says. In the case of the Seahawks, player and player agents are always involved in contracts and contract changes. Everybody is onboard. Their part of the process.
Like I said... they probably told Tyler as a courtesy, but they didn't need his permission.
Although the Hawks may do business exactly as you described, that doesn't change the fact that they can restructure his contract without his permission.I noticed that. Thus the reply. I simply disagreed with you. In my view, that is not the Seahawk way of team building and doing business. In my opinion, everybody is involved every step of the way. It is a organization mandate.
Although the Hawks may do business exactly as you described, that doesn't change the fact that they can restructure his contract without his permission.
I totally agree.As I understand it, Tyler's revised agreement was a simple restructure with no additional contract years or monies. So Tyler gets a chunk of contracted money early. As in an early deposit of funds. That's something few would object to.
However, most cap related restructures add additional years which necessitates the support of all effected parties. As well as approval of structure by the league office and players union.
Hope that clarifies.
Then there is the "voidable years" thing, which I don't fully understand and may have been part of what you're referring to.As I understand it, Tyler's revised agreement was a simple restructure with no additional contract years or monies. So Tyler gets a chunk of contracted money early. As in an early deposit of funds. That's something few would object to.
However, most cap related restructures add additional years which necessitates the support of all effected parties. As well as approval of structure by the league office and players union.
Hope that clarifies.
The bolded is not correct. The majority of restructures that have occurred under the current salary cap structure have been simple restructures (a player's Base Salary (P5) is reduced down to the applicable league minimum and the difference is immediately paid to the player as a Signing Bonus, which is then prorated over the remaining years of the contract).As I understand it, Tyler's revised agreement was a simple restructure with no additional contract years or monies. So Tyler gets a chunk of contracted money early. As in an early deposit of funds. That's something few would object to.
However, most cap related restructures add additional years which necessitates the support of all effected parties. As well as approval of structure by the league office and players union.
Hope that clarifies.
How does this prove 'No E' is a team guy? He didn't do anything for the team here.This again proves how much of a team guy ‘No E’ is for his team. Besides his contract money is now guaranteed.
Correct-They can do this to any player without asking.Actually, I think this is written into all contracts, and any team can do this unilaterally. Love Lockett, but he probably has no say one way or the other.
Yes. It's very annoying to read the hand wringing over "Cap Space."These moves make it impossible for me too ever really stress or even look to deep into contract/salary/cap details in the league. It's all just numbers on a screen. If they need some money for something (within reason), they'll find it.