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About LinkBacksThe column titles "dead money" is what it ends up costing us to cut him. So about $9.5 mil this year and if I remember correctly with out any restructuring it's about 1/3rd less next year.Originally Posted by Punished
The column titles "dead money" is what it ends up costing us to cut him. So about $9.5 mil this year and if I remember correctly with out any restructuring it's about 1/3rd less next year.
I'm getting to that age where a lifetime warranty just doesn't mean as much to me anymore as an afternoon nap.
Honey Badger Don't Care. Honey Badger Don't Give a Shit.
Off topic a bit, but I wonder what they'll offer Urlacher to play one more year. We probably HAVE to bring him back, but it's really overpaying for the level of play he has now. I also would be surprised if he could play an entire season and stay healthy. He's high mileage.
Brian Urlacher
Thanks For The Memories
Correct me if I'm wrong guys, but FA begins in a little over a week right? Which means we should get a pretty good indication of how active/inactive Emery intends to be out of the gate by what he does or doesn't do this week in terms of releases, extensions, and/or restructurings. Other teams (Dallas, NE, NYG, Philly, etc) have already made some preliminary moves but the Bears have done nothing so far except tag Melton which we all knew was coming anyway.
We have talked about players who could/should be let go and who could/should be candidates for contract revisions to free up cap space. I'm assuming Emery has been working quietly behind the scenes on these issues and there will be some (announced publicly) movement on this front this week if we are intending to be players in FA's opening phase.
Mp bears have been in contact with roach and lach agent so its isn't just Melton
I'm just surprised they haven't made any cuts yet
Im sure there's more going on behind the scenes than we know about. Extending Peanut and Jennings for instance seem like total no-brainers to me. There are other potential candidates as well. NE just did it with Brady and Dallas did with a few players. I'm a little surprised that we haven't heard anything announced along these lines yet out of HH but Emery is a sly one and the Combine just finished so I would expect something forthcoming fairly soon.
Same thing with cuts. We all know Davis is a goner (even the reticent Emery all but said so in a tactful way) so I imagine that they're just waiting until they secure a TE in FA and/or the draft before cutting him loose. Spaeth, Garza, Weems, Costanzo, and Hester maybe in the same boat or at least on the bubble of being "keepers" in the future final roster.
Virtually none of us saw the Marshall acquisition coming (we were talking Colston or VJax or something like that) so Emery obviously likes to play it close to the vest and work quietly in the background until the opening bell.
IF it is at all possible cap/release/extension wise to secure Albert (yeah I know it will be pricey but we have little choice there), that strikes me as the one marquee FA move we should try to make. Emery has history with him. He's young enough to be productive for years still. He's likely to be on the open market given KC's recent moves to get Smith. And he would solidify TWO positions on our needy and thin OL. He's clearly a substantial upgrade over Webb at LT and he would allow for better depth/competition at RT between Webb, Carimi, and possibly Scott or Brown (OG/RT). IOW, the OT positions (2 starters and 1-2 depth/backups) would be greatly enhanced. Then Emery could focus on adding to the interior OL in the draft which happens to offer a number of very promising OG and C prospects in the first 2 rounds. We aren't going to get a LT in the draft so FA is the only way if we are serious about it. JMO
Extending Jennings isn't a no brainer for this offseason. After the season he had, he will get a good pay day and he knows about this. He would end up with a higher Cap Hit than he already has...
Hes not a FA this year. He's under contract and not going anywhere this season. So, yes if he has another pro bowl year in '13 then he's looking at potential big bucks next year at this time. But if he has a down year or gets hurt it will be a very different story. If the Bears want him longer term, then Extending him now locks him up for beyond '13 in a more cap-friendly contract than might otherwise be possible later. His cap hit this year is $5.1 million so its possible to structure a 3-4 year deal in a way that reduces his '13 cap cost and offers him the security of a large upfront signing bonus that is amortized cap-wise over the life of the contract. The risk is that he under-produces going forward and the team later incurs dead cap cost to cut him. These type of deals (to reduce current cap cost and spread it into future years) happen all the time. It's a risk/benefit trade off for the organization and the player.
and if Jennings plays next season close to last season he will get much much more money. No way Jennings agrees to this. If we extend him, it's about last season. If it's about last season, he will have a higher Cap Hit.
Chicago Bears news: Reworking Julius Peppers deal may prove too costly - chicagotribune.com
Reworking Peppers deal may prove too costly
The Chicago Bears already have restructured the contract of Julius Peppers once, and that's a primary reason the club may look for other ways to create additional cap space for 2013.
The Bears reworked the contract for the Pro Bowl defensive end in 2011 and doing so again would create huge cap figures for Peppers in the final two years of his contract in 2014 and '15. Peppers’ 2013 cap figure is $16,383,333 and he has a base salary of $12.9 million with a $100,000 workout bonus.
Restructuring Peppers’ contract would enable the Bears to create the most cap savings with a single transaction, short of releasing a player with a big ’13 cap number, something that will not happen. But restructuring Peppers again will create even larger cap figures in the final two years of the contract.
The Bears have done a good job of avoiding a lot of dead money against their cap since Cliff Stein was hired as contract negotiator in 2002 and they’ve followed what former Green Bay Packers cap manager Andrew Brandt calls the “pay as you go” model, meaning you try to avoid restructures that push this year’s cap issues into future issues.
Here are the numbers in play for Peppers right now:
2013
Base salary $12.9 million, $100,000 workout bonus, cap figure $16,383,333, proration $3,183,333.
2014
Base salary $13.9 million, $100,000 workout bonus, cap figure $17,383,333, proration $3,183,333.
2015
Base salary $16.5 million, cap figure $19,683,335, proration $3,183,335.
Hypothetically, the Bears could take $11 million of Peppers’ 2013 base and turn it into a bonus, thus reducing his 2013 cap by $7,333,333 to roughly $9 million. That would create $7.3 million in cap room for this year.
However, in this scenario, that adds a proration figure of $3,666,666 to each year of the contract. In doing so, Peppers would have a total remaining proration in 2014 and 2015 of $13,700,001 -- $6.85 million per season.
So his remaining cap numbers would look like this:
2014 cap figure $21,049,999.
2015 cap figure $23,350,001.
While the Bears could release Peppers after this season, if they restructured him in the manner in which we laid out above, they would have to account for $13.7 million in dead money – the remaining proration. That large amount might actually make it less likely for the club to cut him in 2014 if he was still playing at a high level.
As Brandt points out, “cap restructures actually give the player leverage down the road and may even force extensions, as they have with players like Calvin Johnson and now Matthew Stafford and Tony Romo.”
So, it's possible the Bears will seek multiple smaller ways to create cap space they desire for 2013. That could lead to a restructure for linebacker Lance Briggs or extensions for players such as cornerbacks Charles Tillman and Tim Jennings or even quarterback Jay Cutler, if the club is comfortable with a long-term investment in him. Some players could be offered modest pay cuts and players also could be cut. But the Bears don’t have any players making big money that are going to create great cap savings with a release.
Madness. Team-killer madness.
So his remaining cap numbers would look like this:
2014 cap figure $21,049,999.
2015 cap figure $23,350,001.
We'd end up with over $30-million dollars a year invested into 2 dlinemen. That's a quick way to go from 3rd place in the NFC-N (now) to the basement 4th place in the NFC-N. Only a crazy team would do such a thing.
Last edited by JustAnotherBearsFan99; 03-04-2013 at 02:07 PM.
Brian Urlacher
Thanks For The Memories
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