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DeJack_10

Eagles extend Wentz through 2024 season

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2 minutes ago, Jroc04 said:

I think you’re mostly on but that 30M won’t be paid all in one shot. They’ll prorate it out through those remaining 5 years. Thus, the reason for the “option” one year later. 

Is it a... "Pay as you want to" throughout the duration of the contract? The 30M option is confusing I guess.

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25 minutes ago, Jroc04 said:

It’s just a way to manipulate the proration of the bonuses. There’s a 5 year limit in prorating the bonuses on a contract. By “optioning” the contract in 2020, the FO can extend that time, keeping the 2019 and 2020 cap limits at a minimal. 

I fully understand how the bonus structure works. I was asking what classification that year was.

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7 minutes ago, Danger said:

Is it a... "Pay as you want to" throughout the duration of the contract? The 30M option is confusing I guess.

I’m not sure it’s flexible as of yet. And how concrete those number are once signed. Can you give him 10 of the 30 owed in 2020 because you happen to have the extra laying around? Not sure. But it’s not as confusing as you’d think. Howie just used the “option” to stretch out the prorated able years. And also to be compliant with the 30% rule where you can’t give a guy a raise throughout a contract year to year more than 30% per. 

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2 minutes ago, Jroc04 said:

I’m not sure it’s flexible as of yet. And how concrete those number are once signed. Can you give him 10 of the 30 owed in 2020 because you happen to have the extra laying around? Not sure. But it’s not as confusing as you’d think. Howie just used the “option” to stretch out the prorated able years. And also to be compliant with the 30% rule where you can’t give a guy a raise throughout a contract year to year more than 30% per. 

He is literally doing every single move Jerry did 10 years ago. 

Makes sense that he would steal the playbook. Jerry assuredly has nasa level book worms.

The problem is your team age. You arent getting younger. You are paying for past performance. 

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7 minutes ago, Matts4313 said:

I fully understand how the bonus structure works. I was asking what classification that year was.

Then think of it as a second signing bonus if you like. He’ll get a 16M signing bonus for the initial contract. Then next year, optioned in, he’ll receive another 30M signing bonus. Spread out obviously. 

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1 minute ago, Jroc04 said:

Then think of it as a second signing bonus if you like. He’ll get a 16M signing bonus for the initial contract. Then next year, optioned in, he’ll receive another 30M signing bonus. Spread out obviously. 

So what we did with Ware and Tyron Smith. 

The cap hits on that breakout are way off then. Thats an added $6m/yr. 

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15 minutes ago, Matts4313 said:

He is literally doing every single move Jerry did 10 years ago. 

Makes sense that he would steal the playbook. Jerry assuredly has nasa level book worms.

The problem is your team age. You arent getting younger. You are paying for past performance. 

He’s not signing Marion Barber and Roy Williams though. lol 

 

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Posted (edited)
14 minutes ago, Matts4313 said:

So what we did with Ware and Tyron Smith. 

The cap hits on that breakout are way off then. Thats an added $6m/yr. 

Where are you not seeing the added?

Carson_Wentz_Extension__Roster_Bonus__Si

The green is the initial signing bonus spread out, the blue is the option bonus spread out. 

Edited by Jroc04

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Year Base Signing Bonus Proration Option Bonus Proration Roster Bonus Cap Hit Dead Cap Savings if Cut Running New Money
2019 $720,000.00 $7,673,780.60 $0 $0 $8,393,780.60 $108,871,683.00 $(100,477,902.40) $13,000,000.00
2020 $1,383,000.00 $3,273,536.60 $6,000,000.00 $8,000,000.00 $18,656,536.60 $104,878,146.40 $(86,221,609.80) $29,600,000.00
2021 $15,400,000.00 $3,273,536.60 $6,000,000.00 $10,000,000.00 $34,673,536.60 $86,221,609.80 $(51,548,073.20) $55,000,000.00
2022 $22,000,000.00 $3,273,536.60 $6,000,000.00 $1,000.00 $31,274,536.60 $51,548,073.20 $(20,273,536.60) $77,001,000.00
2023 $20,000,000.00 $3,273,536.60 $6,000,000.00 $5,000,000.00 $34,273,536.60 $20,273,536.60 $14,000,000.00 $102,001,000.00
2024 $21,000,000.00 $0 $6,000,000.00 $5,000,000.00 $32,000,000.

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The numbers being floated today where weird, but this makes more sense. $30+ m/yr for 4 straight years lines up. 

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I don't feel like mathing but the difference between Jroc's picture and Matt's picture is the base salary....specifically 2021 and lesser so 2022 and 2023. Normally I'd say "I'll wait for the actual numbers to come out" but I really don't need to do that to still say this was a good deal.

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https://overthecap.com/carson-wentz-new-contract-and-the-cba/

 

Quote

The option in this contract is to “buy into” the 2024 season of the contract. Since you can not guarantee an option (it wouldn’t be an option then would it?) you guarantee other portions of the contract. Technically Wentz’ 2020 salary is $31.183 million which is fully guaranteed. If the Eagles pick up the option they would commit a $30 million prorated option to Wentz, buy 2024, and reduce the base to the $1.383 million number. The Eagles can use the proration, if exercised, for the 30% rule raise as well. This is a way of protecting all parties for financial and salary cap purposes.

Eagles made this... creative. It seems unnecessarily complex, but I guess thats to protect against his injury concerns. You guys are like one foot in on the the alleged best young QB in the NFL.  

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Posted (edited)

Going to be fun watching Dak and Goff get thier contracts which will most certainly exceed Wentz's and some!! 👍

Both Organizations are kicking themselves repeatedly in the nuts right now for slow playing/low balling negotiations. 

https://images.app.goo.gl/7zqdnMbEZeQj9GfAA

 

 

Edited by Nabbs4u

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On 6/9/2019 at 6:06 AM, HTTRG3Dynasty said:

Lol😆🤣 sorry, but you’re being super wishful rn.  

How so?  Explain.

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