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Contract is 4yrs 62mln (up to 66mln) 40mln gtd for JPP

Dannyc58 : 3/17/2017 2:39 pm
& shy;
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Now that's more  
Keith : 3/17/2017 2:40 pm : link
like it!
Digestable  
Anakim : 3/17/2017 2:41 pm : link
Better than the original amount
That doesn't sound too bad at all  
jcn56 : 3/17/2017 2:41 pm : link
Now, I've been seeing a lot of contracts lately where there's guaranteed money as roster bonuses in year 2 and 3 - is that included in the 'guaranteed' portion, or is that part of the overall?
It's essentially the same deal as Vernon  
Keith : 3/17/2017 2:42 pm : link
just 4 years instead of 5.
.  
Danny Kanell : 3/17/2017 2:43 pm : link
Much better!
Wow, Vernon actually got some more.  
Dave in Hoboken : 3/17/2017 2:43 pm : link
I'm good with that.
20 million signing bonus  
jlukes : 3/17/2017 2:44 pm : link
Ian Rapoport‏Verified account
@RapSheet

On his 4-yr, $62M deal worth up to $66M, #Giants star JPP has a $20M signing bonus. He earns $34M within 11 mos & $49.5M over the 1st 3 yrs
nice!  
SHO'NUFF : 3/17/2017 2:44 pm : link
JPP is a true Giant. I hope he doesn't take it easy after getting paid, though.
15.5 million a year on average  
spike : 3/17/2017 2:44 pm : link
up to 16.5 a year
Pretty much  
Josh in the City : 3/17/2017 2:44 pm : link
what we expected it to be before those other numbers leaked earlier.
RE: It's essentially the same deal as Vernon  
jcn56 : 3/17/2017 2:44 pm : link
In comment 13396997 Keith said:
Quote:
just 4 years instead of 5.


Sounds about right, 5/52 vs 4/40.

Vernon's cap hit was very reasonable in year 1 though, wonder if they do the same with JPP.
Excellent news  
KWALL2 : 3/17/2017 2:45 pm : link
He's worth it. Add Reddick in the draft and the defense gives us a good shot at a SB.
2017 Cap Hit?  
jvm52106 : 3/17/2017 2:45 pm : link
I am hoping we have room to go get a VET tackle or VET RB.
Also love that it's only 4 years and not a crazy long deal.  
Dave in Hoboken : 3/17/2017 2:45 pm : link
That was necessary.
Guaranteed money is more in line with what I imagined.  
shockeyisthebest8056 : 3/17/2017 2:46 pm : link
I'm happy for JPP and his family.
Structure....  
Keith : 3/17/2017 2:48 pm : link
If he's getting $34M in first 11 mo and 20 is the SB, then his salary is $14 million in the first 2 years? So something like this?

20M SB
Year 1 salary-6M(11M cap hit)
Year 2 salary-8M(13M cap hit)
Year 3 salary-13M(partially gtd)(18M cap hit)
Year 4 salary-19M(24M cap hit, 5M dead money if released)
Vernon's 1st year salary was $1.75 million  
jlukes : 3/17/2017 2:49 pm : link
so I'd expect JPP's to be right around $2 million.


Meaning we likely just freed up $10 million in cap space ($17MM franchise tag hit - ($5mm signing bonus + $2mm salary)
Roughly 80% of Vernon's numbers, correct?  
Big Blue Blogger : 3/17/2017 2:50 pm : link
Reflecting their respective digits.

I'm here all week, folks.
If he is earning $34 million in the first 11 months then his contract  
jlukes : 3/17/2017 2:53 pm : link
Probably is something like

$10MM from his signing bonus

$4MM first year salary

$13MM year 2 salary

$7MM year 2 roster bonus (due in february)
Great!  
andrew_nyg : 3/17/2017 2:54 pm : link
Now trade him to the Browns for Joe Thomas and one of their 2nd round picks.

That opens up about $10mil in cap space and gives us more flexibility in the draft.

LOT is handled, the offense is much improved and no way anyone can project which way we'll go in the draft.

They can go either side of the ball now. I would sign Hank and then go LB, DE, RB and TE in the draft.
Took longer than i thought it would for him to cave  
est1986 : 3/17/2017 2:55 pm : link
So much for getting OV money, close but no cigar. 4 for 65 was my guess.
Why are the browns trading their under-market price LT and valuable  
Ten Ton Hammer : 3/17/2017 2:56 pm : link
picks for the privilege of paying JPP 62 million dollars when they're clearly not expecting to compete for anything for the foreseeable future?
He got OV money  
Keith : 3/17/2017 2:56 pm : link
on a per year basis. He got 1 less year because he's a year older.
RE: Great!  
jlukes : 3/17/2017 2:57 pm : link
In comment 13397029 andrew_nyg said:
Quote:
Now trade him to the Browns for Joe Thomas and one of their 2nd round picks.

That opens up about $10mil in cap space and gives us more flexibility in the draft.

LOT is handled, the offense is much improved and no way anyone can project which way we'll go in the draft.

They can go either side of the ball now. I would sign Hank and then go LB, DE, RB and TE in the draft.


You obviously dont know how contracts work. Once the contract is signed, JPP is literally untradeable until year 3 at the earliest.

His entire signing bonus would be accelerated to the Giants cap the moment he was traded.

We only could have traded him if he played under the Franchise tag, because that is no bonus and all salary
RE: Great!  
BillT : 3/17/2017 2:57 pm : link
In comment 13397029 andrew_nyg said:
Quote:
Now trade him to the Browns for Joe Thomas and one of their 2nd round picks.

That opens up about $10mil in cap space and gives us more flexibility in the draft.

LOT is handled, the offense is much improved and no way anyone can project which way we'll go in the draft.

They can go either side of the ball now. I would sign Hank and then go LB, DE, RB and TE in the draft.

Great idea! Then his 40m guaranteed accelerates to this year and the Giants go over the cap by $30m+!!
I believe andrew was kidding  
Keith : 3/17/2017 2:57 pm : link
based on the various threads started on bbi.
At least I hope  
Keith : 3/17/2017 2:58 pm : link
he was!
RE: At least I hope  
andrew_nyg : 3/17/2017 2:59 pm : link
In comment 13397041 Keith said:
Quote:
he was!


Thank you! LOL!
now sign hankins!!!  
GMAN4LIFE : 3/17/2017 2:59 pm : link
.
RE: I believe andrew was kidding  
BillT : 3/17/2017 3:01 pm : link
In comment 13397040 Keith said:
Quote:
based on the various threads started on bbi.

Seems a bit much for "kidding".
Great Contract  
PaulN : 3/17/2017 3:01 pm : link
For the Giants and a great job by Jerry Reese. Now if we can add another pass rusher and a defensive tackle, this defense will be something to watch, I also would not be surprised to see a free safety added also.

On offense we all know we need a pass catching tight end, a running back, and 2 offensive linemen would be nice. A tackle and a guard/tackle swing man. I loved last years draft and I think they should and will take the same approach. I also love the fact that McAdoo has a year under his belt, and he is much more experienced moving forward this season.

I also like his mentality, he wants to control the lines of scrimmage. It's a fun time to be a Giants fan, we just have to pray for good health, that is the thing that can kill us. We are overdue for some run of luck in that area.
Based on him signing it today  
speedywheels : 3/17/2017 3:05 pm : link
And supposedly he came back early from vacation, does that mean they got this done now in conjunction with another impending deal to get cap space (Hankins?)?
Use that 10 million  
ZGiants98 : 3/17/2017 3:06 pm : link
on Hank, AP, and Keenen Robinson and draft 7 offensive lineman in the draft! ;)
jlukes  
Keith : 3/17/2017 3:10 pm : link
he got a 20M signing bonus. I'd guess his 1st year salary is much higher.
That's more tolerable  
The_Boss : 3/17/2017 3:12 pm : link
Good.
RE: I believe andrew was kidding  
AcidTest : 3/17/2017 3:14 pm : link
In comment 13397040 Keith said:
Quote:
based on the various threads started on bbi.
\

Agreed. He was obviously being facetious, especially given his reference to trading him to the Browns for Thomas and one of their second round picks. That "hypothetical" trade has been discussed many times during the last few weeks.
Vernon got 2 million more on a per year basis.  
Dave in Hoboken : 3/17/2017 3:14 pm : link
And 12 million more guaranteed.
There ya go.  
arcarsenal : 3/17/2017 3:17 pm : link
Nice.
If he's getting $34M in the first 11 months...  
Milton : 3/17/2017 3:17 pm : link
That means he gets a guaranteed roster bonus in February of next year which will be amortized over the remaining three years of the deal.

for example...
$20M signing bonus today. (guaranteed money)
$3.5M salary in year 1 (guaranteed)--8.5M cap hit
$10.5M roster bonus in February 2018 (guaranteed)
$6M salary in year 2 (guaranteed)--14.5M cap hit
$9.5M salary in year 3--18M cap hit
$12.5M salary in year 4--21M cap hit.
lot of $$  
Enzo : 3/17/2017 3:18 pm : link
for a guy who's rarely been a consistent performer over a full season.
So help me out!  
Fred-in-Florida : 3/17/2017 3:19 pm : link
What's the cap hit for this year? How much do we have available this year? Can we sign Hankins or Robinson?
RE: lot of $$  
shelovesnycsports : 3/17/2017 3:21 pm : link
In comment 13397076 Enzo said:
Quote:
for a guy who's rarely been a consistent performer over a full season.

This^^^
RE: RE: I believe andrew was kidding  
andrew_nyg : 3/17/2017 3:21 pm : link
In comment 13397045 BillT said:
Quote:
In comment 13397040 Keith said:


Quote:


based on the various threads started on bbi.


Seems a bit much for "kidding".


Sorry BillT
Don't know the cap hit until we see the salary structure,  
Keith : 3/17/2017 3:22 pm : link
but I'd guess anywhere from 7-11M.
Lets hope he can stay healthy for the entire year.  
Dave in Hoboken : 3/17/2017 3:22 pm : link
.
Milton  
Fred-in-Florida : 3/17/2017 3:23 pm : link
So you're saying 8.5 cap this year? Frees up about 8.5?
roster bonuses are NOT amortized  
giants#1 : 3/17/2017 3:24 pm : link
and first 11 months might not include his 2nd year base salary since he technically doesn't get that until September 2018. So the $34M could just be his SB ($20M) plus his first year salary, plus a 2018 roster bonus.
Milton is guessing based on the little information  
Keith : 3/17/2017 3:25 pm : link
that we know. It's a solid guess as to the structure.
Now get  
shelovesnycsports : 3/17/2017 3:25 pm : link
Robinson back. And a Vet RB Blount,Starks,Charles,etc
RE: roster bonuses are NOT amortized  
Kevin in Annapolis : 3/17/2017 3:26 pm : link
In comment 13397096 giants#1 said:
Quote:
and first 11 months might not include his 2nd year base salary since he technically doesn't get that until September 2018. So the $34M could just be his SB ($20M) plus his first year salary, plus a 2018 roster bonus.


This sounds right
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