I know only the top 53 count, and that there's some relief at some salary level for established vets. Do their salary numbers equal their cap hits at this point, or through some creative accounting, are they less?
At any rate, Jerry fits the mold of 'not so great, but you get what you pay for'.
I know only the top 53 count, and that there's some relief at some salary level for established vets. Do their salary numbers equal their cap hits at this point, or through some creative accounting, are they less?
At any rate, Jerry fits the mold of 'not so great, but you get what you pay for'.
Vets signed to vet mimimums with a bonus less than $80k(?) get relief - like a 20% reduction against the cap or something of that order.
The creative accounting is having a lower base salary up front and then averaging the signing bonus over the length of the contract pushing the higher non-guaranteed salary toward the end of the contract, therefore making the player less of a cap hit up front while making it possible to cut him when the high base salary kicks in toward the end of the contract. (whew)
So Jerry gets a bonus check up front, then lives of the base salary thereafter.
I know only the top 53 count, and that there's some relief at some salary level for established vets. Do their salary numbers equal their cap hits at this point, or through some creative accounting, are they less?
Just to be clear about cap relief, the Minimum Salary Benefit applies only to vets with at least four years of service who sign one-year contracts for the applicable minimum salary, with minimal bonus/incentives (up to $80K this year, $90K in 2018-2020).
For cap purposes, the MSB effectively reduces the hit for the player's salary - and only his salary - to the current minimum salary for a third-year player, which is $615K in 2017. Therefore, the value of the benefit increases along with the player's seniority. For a player in his fifth, sixth or seventh year, the amount of relief is $160K ($775K-$615K). In his eleventh year, the benefit is worth $385K ($1MM-$615K).
Bonuses and incentives are not eligible for relief.
RE: Forgive me for my ignorance but what has Jerry done Â
In comment 13401101 That’s Gold, Jerry said:
[quote] to earn any kind of a guaranteed contract? I'm a bit flabbergasted by this. [/quot
Actually for a vet e his starting experience it's not that bad. He just shouldn't be a starter on the Giants. Put him on Dallas' OL and he'd be. After surrounded by studs where he wouldn't be asked nearly as much. He's just a below average starter. He's a quality back up who is starting. Hate the issue. His pay isn't insane.
I guess you can look at it as a one-year deal for $4.25MM. Alternatively, you could say the Giants are paying somewhere between $500K and $1MM for an option on John Jerry's services in 2018 and 2019, with an exercise price a little over $3MM/year.
I know only the top 53 count, and that there's some relief at some salary level for established vets. Do their salary numbers equal their cap hits at this point, or through some creative accounting, are they less?
At any rate, Jerry fits the mold of 'not so great, but you get what you pay for'.
I think only the top 51 count against the cap at this point. Once the season starts, everyone counts including those on IR.
The numbers on this thread are (mostly) just the base salaries of the players, not their cap hits which:
1) Include bonuses (for Jerry)
2) May be less than the base if the bonus is small
I guess you can look at it as a one-year deal for $4.25MM. Alternatively, you could say the Giants are paying somewhere between $500K and $1MM for an option on John Jerry's services in 2018 and 2019, with an exercise price a little over $3MM/year.
Based on the OTC breakdown, tt's basically a 1 year/$3.35M deal with 'incentives' for a 2nd/3rd year. Or 2nd/3rd year 'options'.
Looking more closely, it seems one year could cost as little as $1.85M Â
That's the fully guaranteed amount. It's not clear whether the higher $4.25MM guarantee is just for injury.
I think OTC has the wrong signing bonus number in the "description" of the contract, but the correct SB in the table. Spotrac has his SB = $2.4M and $3.325M fully guaranteed (SB + 2017 base).
but in combination with Marshall Newhouse, that right side was an unmitigated disaster...and Reese was fine with it going into 2016. That's a fireable offense in my book. I don't care what he did on the defensive side last year.
At least getting rid of Newhouse solves half the problem. I wasn't thrilled with Jerry's return, especially with those numbers, but I can live with him coming off the bench.
on BBI are OL experts. Look Jerry isn't a great OG, no one thinks that. But there is value in a guy who comes to play every week, and who is at least competent in his play. Yes, Jerry has weaknesses and isn't an All-Pro - but at the price, and with who's still out there, who were the Giant's getting to play RG?
cap numbers are rough for a guy who is marginal at best Â
sorry I can't copy it in ledgibly, but suffice it to say that they are headed to cap trouble in 2018 and 2019 with this, JPP, and other backdated contracts. John JerryRG - ( New Window )
2018: $915,000
At any rate, Jerry fits the mold of 'not so great, but you get what you pay for'.
2018: $11,250,000
2019: $13,250,000
2020: $11,250,000
At any rate, Jerry fits the mold of 'not so great, but you get what you pay for'.
Vets signed to vet mimimums with a bonus less than $80k(?) get relief - like a 20% reduction against the cap or something of that order.
The creative accounting is having a lower base salary up front and then averaging the signing bonus over the length of the contract pushing the higher non-guaranteed salary toward the end of the contract, therefore making the player less of a cap hit up front while making it possible to cut him when the high base salary kicks in toward the end of the contract. (whew)
So Jerry gets a bonus check up front, then lives of the base salary thereafter.
$3,325,000 guaranteed
Jerry's guaranteed = $4.25M
Jerry has cap hits of $4,125,000 in 2018 and 2019
2018 Dead Money = $1,600,000
2019 Dead Money =$800,000
Link - ( New Window )
Started virtually every game since he got here? He's not All Pro, but he shows up, plays and doesn't miss games.
Just to be clear about cap relief, the Minimum Salary Benefit applies only to vets with at least four years of service who sign one-year contracts for the applicable minimum salary, with minimal bonus/incentives (up to $80K this year, $90K in 2018-2020).
For cap purposes, the MSB effectively reduces the hit for the player's salary - and only his salary - to the current minimum salary for a third-year player, which is $615K in 2017. Therefore, the value of the benefit increases along with the player's seniority. For a player in his fifth, sixth or seventh year, the amount of relief is $160K ($775K-$615K). In his eleventh year, the benefit is worth $385K ($1MM-$615K).
Bonuses and incentives are not eligible for relief.
[quote] to earn any kind of a guaranteed contract? I'm a bit flabbergasted by this. [/quot
Actually for a vet e his starting experience it's not that bad. He just shouldn't be a starter on the Giants. Put him on Dallas' OL and he'd be. After surrounded by studs where he wouldn't be asked nearly as much. He's just a below average starter. He's a quality back up who is starting. Hate the issue. His pay isn't insane.
If he's here after 2018 Reese needs to be fired.
I read it the same. Jerry is basically a one year deal
Quote:
easily cuttable after year 1. He has a cap hit of $4.125M in 2018 with potential dead money of $1.6M.
I read it the same. Jerry is basically a one year deal
....but not such an unreasonable deal if they need him in year two and three. Saves needing to find a OG next year and his number is known.
Quote:
easily cuttable after year 1. He has a cap hit of $4.125M in 2018 with potential dead money of $1.6M.
I read it the same. Jerry is basically a one year deal
If he is only here for 1 year then they will have paid him 3.35 mil for 1 year. 1.75 + 1.6
So if you look at it that way, the final two years cost 3.05 mil each with no G.
At any rate, Jerry fits the mold of 'not so great, but you get what you pay for'.
I think only the top 51 count against the cap at this point. Once the season starts, everyone counts including those on IR.
The numbers on this thread are (mostly) just the base salaries of the players, not their cap hits which:
1) Include bonuses (for Jerry)
2) May be less than the base if the bonus is small
Based on the OTC breakdown, tt's basically a 1 year/$3.35M deal with 'incentives' for a 2nd/3rd year. Or 2nd/3rd year 'options'.
I think OTC has the wrong signing bonus number in the "description" of the contract, but the correct SB in the table. Spotrac has his SB = $2.4M and $3.325M fully guaranteed (SB + 2017 base).
http://www.nj.com/giants/index.ssf/2017/03/inside_look_at_contracts_of_giants_signings_brando.html
http://www.nj.com/giants/index.ssf/2017/03/inside_look_at_contracts_of_giants_signings_brando.html
Here's the link
Link - ( New Window )
http://www.nj.com/giants/index.ssf/2017/03/inside_look_at_contracts_of_giants_signings_brando.html
When you say "Marshall's contract also contains up to a $500,000 bonus for unspecified totals of receptions and receiving yards in each season"
I assume that just means it's not publicly announced? Wouldn't the totals have to be specified in the contract?
Quote:
of the contracts for Marshall, Ellison and Jerry:
http://www.nj.com/giants/index.ssf/2017/03/inside_look_at_contracts_of_giants_signings_brando.html
When you say "Marshall's contract also contains up to a $500,000 bonus for unspecified totals of receptions and receiving yards in each season"
I assume that just means it's not publicly announced? Wouldn't the totals have to be specified in the contract?
Yes, that is correct. What I saw didn't contain the specific numbers, but I didn't have the full contract in hand.
HE's started for two straight years and he isn't the worst guard in the league. In other words, you could do worse.
At least getting rid of Newhouse solves half the problem. I wasn't thrilled with Jerry's return, especially with those numbers, but I can live with him coming off the bench.
sorry I can't copy it in ledgibly, but suffice it to say that they are headed to cap trouble in 2018 and 2019 with this, JPP, and other backdated contracts.
John JerryRG - ( New Window )