Last year 2.75M of his incentives were deemed likely to be earned, and therefore the Giants were charged a cap hold.
For those with better cap mechanic knowledge than me, is it fair to assume that 2.75M is credited back to the Giants on 2024, and those same incentives will be deemed not likely to be earned this time around?
Also there could be a grievance filed if Jones is healthy and held out.
In all likelihood, if the Giants want to move on from Jones this year they would have to come to an injury settlement or wait till he is cleared then cut him. We won’t know till camp starts but technically he should be able to play at some point this season.
Based on whats happening with the draft, I think 4 QBs go before 6 and Jones is the starter for 2023. Rather than trade up for the 4th guy, build up the roster.
i would guess there are 10-20 adjustments, most smaller than that, each year for all teams that end up netting out the adjusted caps for the following year and i think the biggest driver of the net impact of the adjustments is injuries which obviously cant be predicted ahead of time.
If you take the unadjusted team cap and add the carry over amount, there's still a gap.
So for the Giants going into 2023:
224,800,000 unadjusted cap
+ 1,521,110 carry over
= 226,321,110
But the PA says the Giants adjusted cap for 2023 was $227,118,776.
So that leaves the Giants +797,666, which I think are the bits and bops that shake out.
(c)(i)
Any and all incentive amounts, including but not limited to performance bonuses, shall be included in Team Salary if they are “likely to be earned” during such League Year based upon the player’s and/or Team’s performance during the prior year. In the case of a Veteran who did not play during the prior season, in the event that the NFL and the NFLPA cannot agree as to whether such performance bonus is “likely to be earned,” such disputes shall be referred to the Impartial Arbitrator. Any incentive in year one of a Rookie Contract (as described in Article 7, Section 6) shall be deemed “likely to be earned.” Any incentive within the sole control of the player (e.g., non-guaranteed reporting bonuses, offseason workout and weight bonuses) shall be deemed “likely to be earned.”
As Jones and the Giants didn't meet any of the thresholds, he will not carry LTBE incentives this year.
Quote:
(c)Incentives.
(c)(i)
Any and all incentive amounts, including but not limited to performance bonuses, shall be included in Team Salary if they are “likely to be earned” during such League Year based upon the player’s and/or Team’s performance during the prior year. In the case of a Veteran who did not play during the prior season, in the event that the NFL and the NFLPA cannot agree as to whether such performance bonus is “likely to be earned,” such disputes shall be referred to the Impartial Arbitrator. Any incentive in year one of a Rookie Contract (as described in Article 7, Section 6) shall be deemed “likely to be earned.” Any incentive within the sole control of the player (e.g., non-guaranteed reporting bonuses, offseason workout and weight bonuses) shall be deemed “likely to be earned.”
As Jones and the Giants didn't meet any of the thresholds, he will not carry LTBE incentives this year.
So while you won't have a "cap hold" in 2024, if he reaches the incentives it will come off of the 2025 cap. Let's say the 2025 cap is $250 Million but Jones has $2 Million in incentives that are NLTBE that get met the Giants will only have a $248 Million cap in 2025.
If you take the unadjusted team cap and add the carry over amount, there's still a gap.
So for the Giants going into 2023:
224,800,000 unadjusted cap
+ 1,521,110 carry over
= 226,321,110
But the PA says the Giants adjusted cap for 2023 was $227,118,776.
So that leaves the Giants +797,666, which I think are the bits and bops that shake out.
i think there are a half dozen or more bits and bops we dont know about bc they are insignificant but collectively net out to some number like $800k. based on schoens comments from 2 years ago i would bet there have been grievances like the logan ryan one we havent heard about since then.
If you take the unadjusted team cap and add the carry over amount, there's still a gap.
So for the Giants going into 2023:
224,800,000 unadjusted cap
+ 1,521,110 carry over
= 226,321,110
But the PA says the Giants adjusted cap for 2023 was $227,118,776.
So that leaves the Giants +797,666, which I think are the bits and bops that shake out.
i think there are a half dozen or more bits and bops we dont know about bc they are insignificant but collectively net out to some number like $800k. based on schoens comments from 2 years ago i would bet there have been grievances like the logan ryan one we havent heard about since then.
I agree. OTC did list the new cap charge as a result of losing the grievance as dead money for Ryan on 2023. Maybe that was a timing thing, and most of the net/net accounting gets done as part of the rollover.