With the draft over many teams will now turn their attention to extending their players currently under contract for the year and the Bills were the first to strike with a big 5 year, $65 million contract which will make him the second highest paid left tackle in the NFL. Glenn was already a franchise player set to earn $13.7 million and his cap number will likely be reduced with the extension. According to PFT, the contract will pay him a whopping $19 million this year and $30 million by 2017 which will track just behind position leader Trent Williams while besting the contract of Lane Johnson, signed earlier this offseason. $26.5 million is fully guaranteed on signing. Continue reading Bills Extend Cordy Glenn »
Bryce and I are back this week to share some contract thoughts on:
This years NFL draft and some of the decisions made regarding trades and positional drafting
Rookie Contracts, including offset clauses and payment terms
Likely cuts for this summer and next year based on draft decisions
Deferred bonus money and creative trading Continue reading OTC Podcast 5/1: Draft Thoughts, Likely Cuts, and Rookie Contracts »
oToday is the deadline for picking up a 5th year option for the 2013 NFL first round draft picks. A team that exercises the option will control the rights for a player for an additional season. The salary is based on position on whether or not you are drafted in the top 10. Players in the top 10 receive a contract equal to the Transition tag while those outside the top 10 receive a one year contract for an average of the 3rd through 25th highest salaries. Once picked up the option is guaranteed for injury only and becomes fully guaranteed on the first day of the 2017 League Year. Here are some thoughts on todays decisions. Continue reading 5th Year Option Deadline for 2013 NFL Draft Class »
I thought it might be fun during the draft to put up our contract estimates for each player but to also show where they should rank by contract annual value. While we all expect a lot from our draft picks and anyone who is not a star is generally considered a bust, in reality we don’t need exceptional play to get fair value for the player. The reason is because the actual player salary is generally so far down on the APY charts that many times average play will justify the actual year by year investment. So the following table will show the basic contract estimates for each player and the current NFL players who rank just above and below the draft picks salary. Continue reading Looking at the NFL Rookie Contracts »
Each offseason a number of players agree to simple restructures of their contracts designed to free up cap room for their respective teams in the present year. These cap-driven restructures involve converting base salary (or roster bonus) to signing bonus, with the converted amount then prorated over the remaining years on the contract (up to a maximum of five years). These restructures only involve changing the nature of contract payments, as opposed to the amount of those payments, and are therefore distinguished from pay cuts, raises or extensions. There is clearly no downside to the player agreeing to do this, as he immediately receives money scheduled for payment more than six months in the future (and which is often not guaranteed). But what may be overlooked is that these cap-driven restructures typically increase expected earnings in future seasons without in any way changing the payment terms in those future season.
Last week, I released Episode #8 of The Zack Moore Show podcast and covered the Eagles 3 QB strategy after the trade for the #2 pick in the first round, which was actually something I’d brought up in my first draft of an Eagles chapter that I’m writing for Caponomics: Moneyball Thinking for the NFL. I see the Doug Pederson Era as an extension of the principles of the Andy Reid Era, which saw the Eagles make the NFC Championship five times in 14 seasons and average just better than 9-7 over the course of those seasons.
Every year around draft time I get a number of questions on rookie salaries, how the rookie salary cap works, and other ins and outs of the rookie contract. So to tackle many of the questions here is a FAQ style overview on rookie contracts that will hopefully answer your questions and clear up any confusion on the way the contracts work. In case you don’t know it we also have a draft resource page which lists all our contract projections for the 2016 rookie class. If you click on your team all their picks will highlight and you can hover over each pick to get a full year by year estimate of the contract. Continue reading All About Rookie Contracts and the NFL Draft »