Damikeeeee Posted February 29, 2020 Share Posted February 29, 2020 Its still early. Maybe a team that misses out in the draft/FA could want him. I'm not signing Floyd long term unless he has a big statistical year. Put it on paper and we will too. Quote Link to comment Share on other sites More sharing options...
soulman Posted February 29, 2020 Author Share Posted February 29, 2020 1 hour ago, Damikeeeee said: Its still early. Maybe a team that misses out in the draft/FA could want him. I'm not signing Floyd long term unless he has a big statistical year. Put it on paper and we will too. The trouble is unless we extend his deal prior to Mar. 18th or trade or release him we're stuck paying that 5th year option salary. I suppose it's possible Pace could be shopping him but if so his comments would belie that and the other factor that argues against it is we really have no one currently on the roster to replace him. If we can extend him for very little more in gtd $$$ than his 5th year option would already guarantee him I think we'd be better off. IMHO the key would be a structure that would allow us to move on from him no later than after the 2021 season. That gives us a couple of years to draft or sign a replacement for him if needed. Quote Link to comment Share on other sites More sharing options...
Damikeeeee Posted February 29, 2020 Share Posted February 29, 2020 31 minutes ago, soulman said: The trouble is unless we extend his deal prior to Mar. 18th or trade or release him we're stuck paying that 5th year option salary. I suppose it's possible Pace could be shopping him but if so his comments would belie that and the other factor that argues against it is we really have no one currently on the roster to replace him. If we can extend him for very little more in gtd $$$ than his 5th year option would already guarantee him I think we'd be better off. IMHO the key would be a structure that would allow us to move on from him no later than after the 2021 season. That gives us a couple of years to draft or sign a replacement for him if needed. Its guaranteed only for injury. If we cut him it's all off the books. Quote Link to comment Share on other sites More sharing options...
soulman Posted February 29, 2020 Author Share Posted February 29, 2020 21 minutes ago, Damikeeeee said: Its guaranteed only for injury. If we cut him it's all off the books. This will be his 5th season so on March 18th it becomes fully guaranteed for the entire year. When a team exercises the option, it becomes guaranteed for injury only. If the player is on the team’s roster at the start of the League Year in his option season, his salary becomes fully guaranteed for skill, cap and injury. https://frontofficenfl.com/2017/03/27/nfl-rookie-contracts-explained-fifth-year-option/ So prior to Mar. 18th it's either extend him to lower his cap cost, trade or release him to avoid the hit, or pay it. But as I posted who would we use to replace him whose already on the roster? We don't have anyone else with his size and skill set who looks good enough to do it and his 5th year option guarantees the same day FA begins. So we'd have to have an agreement with someone else who could replace him prior to that. I'm not saying we won't release or trade him but it does seem doubtful. Quote Link to comment Share on other sites More sharing options...
Damikeeeee Posted February 29, 2020 Share Posted February 29, 2020 44 minutes ago, soulman said: This will be his 5th season so on March 18th it becomes fully guaranteed for the entire year. When a team exercises the option, it becomes guaranteed for injury only. If the player is on the team’s roster at the start of the League Year in his option season, his salary becomes fully guaranteed for skill, cap and injury. https://frontofficenfl.com/2017/03/27/nfl-rookie-contracts-explained-fifth-year-option/ So prior to Mar. 18th it's either extend him to lower his cap cost, trade or release him to avoid the hit, or pay it. But as I posted who would we use to replace him whose already on the roster? We don't have anyone else with his size and skill set who looks good enough to do it and his 5th year option guarantees the same day FA begins. So we'd have to have an agreement with someone else who could replace him prior to that. I'm not saying we won't release or trade him but it does seem doubtful. The replacement probably isn't on the roster. We can add a min contract FA or a draft pick and the fall off won't be much. Quote Link to comment Share on other sites More sharing options...
soulman Posted February 29, 2020 Author Share Posted February 29, 2020 1 hour ago, Damikeeeee said: The replacement probably isn't on the roster. We can add a min contract FA or a draft pick and the fall off won't be much. I would not agree with you there. While Floyd isn't $13.2 mil good he's still a very good football player overall. He's just not a top level pass rusher and he never has been nor will he ever be. He should do better than 3 sacks and be able to turn at least a few more of those 12 hits into sacks but he's no Kahlil Mack and he won't be paid like one either. Money wise he probably rates a deal around where his rookie deal places him which is about top 15 money. His rookie deal paid him just under $16 mil total so about $4 mil AAV. He's probably eared a bump upwards from that but how much is the question. Based on the AAV range of other OLBs like him somewhere around $7 mil is about average give or take 10%. Pace would be wise to at least approach him on an extension that pays him something in that range or another option would be to release him and let him price himself in FA. I don't believe anyone will offer him top ten money anyway so maybe what we can offer and keep him playing on a very good defense will be appealing to him. I wouldn't rule out a draft pick but not many top flight edge rusher drop into the 2nd round and I can't see any low level vet playing at a minimum doing what Floyd can do. You're talking about someone like an Isiah Irving and how much impact did he have? Or Aaron Lynch who was paid $1.5 mil. Neither was an equivalent to Floyd. 1 Quote Link to comment Share on other sites More sharing options...
malagabears Posted March 1, 2020 Share Posted March 1, 2020 On 28/2/2020 at 7:32 PM, topwop1 said: I believe it's either he plays on the option at $13M or signs a multi year extension that lowers his cap hit for 2020. I don't see the team just outright releasing Floyd at this point. Like Windy has I proposed a 4/44M extension with 28-30M guaranteed. A 16-17M signing bonus & 5 or 7M guaranteed salary. 2020 CAP hit would be 7.5-8.5M. 1 Quote Link to comment Share on other sites More sharing options...
soulman Posted March 1, 2020 Author Share Posted March 1, 2020 1 hour ago, malagabears said: Like Windy has I proposed a 4/44M extension with 28-30M guaranteed. A 16-17M signing bonus & 5 or 7M guaranteed salary. 2020 CAP hit would be 7.5-8.5M. I honestly don't believe we need to go that high nor should we. The kind of guaranteed $$$ for OLBs ranked 11-20 maxs out at about $20 mil with an average more in the $15-$16 mil range which isn't much more than his 5th year option guarantees him. This is pretty much why I've said we'd be kind of foolish not to work on an extension regardless of his lack of sacks or it's potential. Personally I think he's an $8 mil a year guy tops which would put him at the high end of what others similar to him are getting. The deal Demario Davis got might be as good as Floyd deserves or would ever see in the open market. Very similar in sacks. Three years takes Floyd through age 30 and depending on it's structure we could be out after two years without much dead cap if any. Current Contract Demario Davis signed a 3 year, $24,000,000 contract with the New Orleans Saints, including a $9,200,000 signing bonus, $16,000,000 guaranteed, and an average annual salary of $8,000,000. In 2020, Davis will earn a base salary of $7,350,000 and a workout bonus of $250,000, while carrying a cap hit of $9,900,000 and a dead cap value of $4,600,000. https://www.spotrac.com/nfl/new-orleans-saints/demario-davis-9887/ We should be talking a deal like this with him and if he won't accept it then I would shop him for a draft pick or a player at a position we need to fill possibly on the OL. 1 Quote Link to comment Share on other sites More sharing options...
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