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Looking At the 2014 CB Market & How QBs Might Be Playing a Role In Its Saturation

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The Denver Broncos broke the all-time scoring record this past Sunday on the same day Peyton Manning broke the single-season yardage record. The fact that both previous marks were set in the past six years embodies the NFLs ongoing evolution towards a passing league.

It’s often said that with all of today’s offensive-friendly rules in place the cornerback position is as tough as any to play, and the existence of so few true “shut-down” corners provides evidence for this.

Last offseason, free agent CBs did not at all do well on the open market.  This time around, I count 52 unrestricted free agents that were rostered at some point during this past season (I omitted Brandon Browner, a UFA who will likely be suspended for the 2014 season).

Of these 52 free agents, a whopping 32 of them were also free agents last year; guys who were unable to (or chose not to, in some cases) secure more than 1-year deals on the 2013 open market.

2013 FREE AGENT CB CONTRACTS

PLAYER

2013 TEAM

AGE ON OPENING DAY 20142013 PFF CB RANKING
Brent GrimesMIA312
Captain MunnerlynCAR269
Aqib TalibNE2858
Dominique Rodgers-CromartieDEN285
Alterraun VernerTEN2512
Walter ThurmondSEA2731
Charles TillmanCHI3389
Tim JenningsCHI3054
Drayton FlorenceCAR3320
Sam ShieldsGB2650

Looking at the top CB free agents from last offseason, no one player received over $10.5 million in guaranteed money. While there were certainly no superstar CBs available last year, the free agent market was tenuous all over; few players hit it big in free agency anywhere, regardless of position.

The reason for this? A lot of this actually has to do with the franchise quarterback.

NFL SALARY CAP BY YEAR

YEARMAXIMUM SALARY CAP
2014$126.3 (projected)
2013$123 million
2012$120.6 million
2011$120 million
2010UNCAPPED
2009$128 million
2008$116 million
2007$109 million
2006$102 million
2005$85.5 million
2004$80.582 million

From 2004-2009, the salary cap rose from $80.582 million-$128 million, a staggering 58.8% increase over that span. Since 2009, the cap has essentially remained stagnant.

Yet despite this stagnant salary cap, the price of a franchise quarterback continues to rise. It’s no coincidence the 6 year/$120,600,000 that Joe Flacco fetched from the Ravens after last year’s Super Bowl was just slightly more in average annual value than the 5 year/$100,000,000 million deal that Drew Brees—the NFLs previously highest paid QB—signed the year before. And shortly after the Flacco deal, Aaron Rodgers signed a 5 year/$110 million extension—an annual average of $22 million

As these quarterbacks continue to show, they hold the negotiating power over their teams, as they should.  Had the Saints let Brees go or the Ravens let Flacco go, neither player would have had a problem securing huge sums of money from another team in free agency.

$20 million of $123 million is over 16%. Because of this truth, many teams are having trouble giving large amounts of guaranteed money to players at other positions.  And while teams who don’t have a QB on the books for close to $20 million may be able to afford to shell out more money for these other positions, teams like the Raiders, Jaguars and Browns now have fewer competitors in these non-QB markets—which they of course know.

2014 NOTABLE FREE AGENT CORNERBACKS

PLAYER

2013 TEAM

AGE ON OPENING DAY 20142013 PFF CB RANKING
Brent GrimesMIA312
Captain MunnerlynCAR269
Aqib TalibNE2858
Dominique Rodgers-CromartieDEN285
Alterraun VernerTEN2512
Walter ThurmondSEA2731
Charles TillmanCHI3389
Tim JenningsCHI3054
Drayton FlorenceCAR3320
Sam ShieldsGB2650

So back to the CB market. An improved 2014 free agent talent pool as well as what should be a slightly higher 2014 salary cap should lead to an offseason market that’s a bit more player-friendly. 2013 free agents Talib, Rodgers-Cromartie and Grimes all signed 1 year “band-aid” deals this past offseason, and it’s likely that they’ll each get multi-year pacts this time around. However, until there becomes a significant increase in teams’ spending money, I don’t foresee any of these CBs truly hitting it big this winter.

Andrew Cohen
@ajcohen03
ajcohen3@gmail.com

Looking At the Cleveland Browns Salary Cap and Coaching Vacancy

The Cleveland Browns front office shocked the football world yesterday when they fired head coach Rob Chudzinski after just one season.  While the Browns were just 4-12 in 2013, Chud probably deserved at least a second season. Anyways, now that he’s gone, I actually must say that I view Cleveland as an enticing landing-spot for whoever ends up taking his place.

The defense—with Joe Haden, Phil Taylor, Ahtyba Rubin, Paul Kruger, Barkevious Mingo, D’Qwell Jackson and (impending free agent) T.J. Ward—is not short on talent.  While the offense  struggled this past season, there were a few bright spots; Joe Thomas has long been the best LT in football, Josh Gordon proved he is a legitimate top-tier WR and Jordan Cameron emerged as a true playmaking TE.

It’s obviously impossible to win in this league without a quarterback, and the combination of Brandon Weeden/Jason Campbell isn’t going to win any coach many games. Cleveland was actually at its best when Brian Hoyer, who showed some positive signs early in the year, was at the helm.  Unfortunately he tore his ACL in a week 5 Thursday night start.

The Browns have the 4th overall pick this year, which they will almost surely use on their next franchise quarterback.  They also have a massive hole at running back—but did net the Colts’ 2014 first round pick after trading them Trent Richardson early in the year.

Looking at the 2014 Salary Cap estimates that Jason posted yesterday, the Browns will be loaded with plenty of cap space. As I said this past week, I could see Cleveland as potential landing spot for Chris Johnson once he is inevitably released from Tennessee. Cleveland may also use some of this money on upgrading their #2 WR position opposite of Josh Gordon.

As for who the new coach might be?

Browns GM Michael Lombardi is largely connected to Bill Belichick and the New England Patriots. In February 2011 while working as a columnist for NFL Network, Lombardi had this to say about then Patriots backup Brian Hoyer: I think if I was still in the league and needed a quarterback, instead of chasing (Kevin) Kolb, I would chase Brian Hoyer of the Patriots. If teams evaluate New England’s Week 17 game against Miami, they’d see that Hoyer demonstrates the skills needed to be a starter.” (link here).  The Browns then signed Hoyer and pushed him into the starting role once Lombardi arrived in Cleveland as the GM.

Moreover, Lombardi’s son, Mick, an up-and-coming coach, got his start in the league as a scouting assistant with Belichick’s Pats in 2012 (he recently left to join the 49ers staff). While Lombardi’s opinion in Cleveland may matter less than both Owner Jimmy Haslam’s & CEO Joe Banner’s, I would bet that Lombardi is making a strong push to bring in Belichick disciple (and current Patriots OC) Josh McDaniels as the Browns’ next coach.

 
Andrew Cohen
@ajcohen03
ajcohen3@gmail.com

The Conflicting World of a GM: Looking Into How the ‘Hot-Seat’ May Affect the Lions’ Off-Season

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Despite a roster rich in talent, the Detroit Lions will miss the playoffs for the thirteenth time in the past fourteen years.  Head Coach Jim Schwartz will likely be fired any day; GM Martin Mayhew is expected to be retained for at least another year.

Since Mayhew took over for Matt Millen in the 2009 offseason, the Lions haven’t had much success.  Detroit’s rare 2011 playoff appearance aside (they lost in the Wild Card round in 2011), the Lions went 4-12 last year and currently sit at 7-8—eliminated from playoff contention ahead of today’s meaningless game at Minnesota. If the Lions miss the playoffs again next season, Mayhew will very likely be fired. And he undoubtedly knows this.

Similar to a player being in a “contract year”, Mayhew is entering his own a make or break 2014.  And this reality will certainly affect the way he does business this offseason—a crucial offseason for Detroit.

Ndamukong Suh’s Pro Bowl selection triggered a $1 million escalator in his contract, setting his 2014 cap figure at a whopping $22.4 million. The reason for this is that Suh has restructured his contract each of the past two years. This past year he accepted a league minimum base salary, while pushing money owed forward into a signing bonus prorated over the remainder of his deal (not an uncommon league practice).

Mayhew also used this restructure method with Calvin Johnson during the past offseason. When Johnson agreed to take a league minimum base salary for 2013 on the 8-year/$150 million contract he signed in March of 2012, it meant his $8.7 million cap hit for this season would increase to over $13 million next season, $20.5 million in 2015 and over $24 million in 2016.

The present situation in Pittsburgh perfectly exemplifies how making short-sighted decisions, such as constantly restructuring the deals of your highest paid players, can eventually come back to bite you. The short-term relief these decisions provide is often not worth the risk when looking at the franchises best long-term interests. While Suh and Johnson’s 2013 restructures allowed Mayhew the flexibility to lock Matthew Stafford into a long-term extension as well as sign free agent Reggie Bush, they came with a future cost.

When assessing the pros and cons of all personnel decisions, it is supposed to be the job of a GM to look at both the short-term and the long-term. Yet often times, in such a cutthroat industry, the person making these personnel decisions isn’t thinking about the franchises long-term interests. With the NFLs “win or you’re gone” mentality, front office men know that if they fail in the short-term, they won’t be around to bear the consequences of their poor decisions.

The fact of the matter is there are very few coaches or GMs in the NFL who are blessed with job security. Kevin Colbert, the man behind the current salary cap mess in Pittsburgh, is not on the hot seat just yet; that’s what two Super Bowl’s and eight playoff appearances in a 13-year tenure will do for you. The job of Giants GM Jerry Reese, who’s won two Super Bowl’s in just seven years on the job, is ostensibly safe for now as well, even though the Giants have missed the playoffs for the fourth time in five years. But even in the cases of these two men—whose multiple championships symbolize as much success as anyone in today’s NFL—they surely will begin to feel pressure sooner rather than later.

When Jets GM Mike Tannenbaum was fired last offseason, he left the Jets cap situation in disarray.  One notable move that Tannenbaum made in the year prior to his discharge was extending Mark Sanchez in March 2012 (note: this was after the Jets failed in their attempts to get Peyton Manning).  Did Tannenbaum truly think Sanchez—a guy who had just suffered through three up and down years as a pro—was the future of the Jets franchise? Or did he fear the clock on his term might have been running out?

As the guaranteed portion of Sanchez’s rookie contract was already up after the 2012 season, Sanchez’s contract stipulated an $11.5 million cap hit in 2012 and a $7.5 million cap hit in 2013—a team-friendly deal for a starting caliber quarterback in the NFL. By extending Sanchez, Tannenbaum freed up almost $4 million in cap space for the 2012 offseason.  But at the same time, he guaranteed both the 2012 and 2013 salaries (worth over $20 million) of Sanchez.

The move was worth it for Tannenbaum; the freed up cap space was extra spending money that he got to use during the 2012 offseason. As for the “risk” that Sanchez (a guy that he drafted) would turn out to be a starting caliber quarterback—well that’s no longer Tannebaum’s problem. New Jets GM John Idzik is the one cleaning up the Sanchez mess now. Had Tannenbaum decided not to extend Sanchez, he almost surely still would have been fired after Sanchez and the Jets’ disastrous 2012 season.  The only difference is he would have had $4 million less to spend on 2012 roster talent.

As it stands currently, the combined 2014 cap hits for Suh, Calvin Johnson and Matthew Stafford is over $51 million. That will undoubtedly change; $51 million is approximately 40% of the projected $126 million 2014 salary cap—far too much for just three players to consume.

With Stafford, Johnson, Suh, Nick Fairley, Reggie Bush and Ziggy Ansah, the Lions have a very talented nucleus of players. However, they do have holes—chiefly in their secondary—and Mayhew will have to get creative in order to fill these holes.

Expect the contract’s of some key Lions to be extended and/or restructured again this offseason. And if things don’t work out for the Lions in 2014, expect there to be a new GM in Detroit after this season.

The new GMs main order of business? It may just be to clean up the mess that Mayhew left behind.

Andrew Cohen
@ajcohen03
ajcohen3@gmail.com

MAN LEFT BEHIND

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 HOW THE NFL BLACKLISTED ONE OF THEIR OWN

KR

My lack of rank in the sports world directly correlates to my lack of connections—I don’t break stories and I’m not fed ‘inside leads’.  Anything I hypothesize comes via Google, Twitter and the few people I do know.

But as we enter 2014, the Internet can be as useful a resource as ever if used correctly. It doesn’t require a sixth sense to put two and two together—and putting two and two together was why I wrote this about Justin Blackmon on May 7 and this about Ryan Braun on June 6.

And now, on December 27—two days before the conclusion of the NFLs regular season—after doing some investigating and briefly communicating with Kerry Rhodes, I feel it’s necessary to bring up one of the most disturbing stories of 2013. While it may not be breaking news, it’s a story that hasn’t received nearly enough media attention.

The Facts

A 4th round pick of the Jets in 2005, Kerry Rhodes was Pro Football Focus’ 4th rated Safety in 2012—his age-30 season. He graded out as Pro Football Focus’ 1st rated Safety in 2009, their 62nd rated Safety in 2010, and 32nd rated Safety in an injury-riddled 2011.

While Pro Football Focus’ grades certainly aren’t the be-all and end-all way of evaluating an NFL player, their system is highly regarded in NFL circles, as they ‘grade’ every snap of every NFL game. At worst, these grades are fairly accurate. At the very least, these grades verify Rhodes as a formidable, if not above average, NFL Safety.

Off the field, Rhodes has never been a problem.  He’s never been arrested—sadly no menial feat in today’s NFL. And through speaking with a few people who knew Kerry from his time with the New York Jets, he was never one to cause trouble inside the locker room.

Despite his solid 2012, Rhodes became a salary cap causality of the Cardinals this past March. The Cardinals owed Rhodes a $6 million salary for the 2013 season, and saved themselves $6 million in both cash and salary cap flexibility due to Rhodes’ release.  Oh well.  Such is life in a multi-billion dollar industry where workers sign contracts that aren’t guaranteed.  But Rhodes hadn’t a reason to worry; coming off a solid year with plenty of juice left in the tank, he was surely to catch on elsewhere.

Until April.  MediaTakeout.com—the self-acclaimed “Most Visited Urban Website in the World” that’s little more than a “Very Poor Man’s Deadspin.com”—got a hold of various pictures of Kerry Rhodes and another male that greatly questioned Kerry’s sexuality. Though Rhodes has denied all rumors of being gay, the damage was already done. The NFL had blacklisted Rhodes; he hasn’t played a snap since.

The Sad Truth

I can’t put myself inside Kerry Rhodes’ head.  Maybe he doesn’t want to play football anymore—maybe his love for the game suddenly vanished. But purely based on his actions, that doesn’t seem to be the case.

In July, when asked about his 2013 contract situation while doing charity work in his native Alabama, Rhodes said: “It’s in the works. I can’t talk about it in depth but there’s a good four teams that I’m looking at. There are ongoing discussions. I’m trying to see which one will be the best fit for me. You will see me, though.”  More than a month later, Rhodes posted a link on his Facebook page which shows him listed as the top free agent option at the Safety position for the New England Patriots. Later, on September 17th, he worked out for the Giants. Clearly, Rhodes still has love for the game.

More likely, Kerry Rhodes sits, team-less, with many unanswered questions.  Above all, he must ask what he ever did to wake up one day and become unexpectedly, viciously attacked by a low-grade gossip website that felt it was necessary to question his sexuality. Because had those pictures not surfaced, Kerry Rhodes would still be playing football today.  He might be gearing up for a playoff run.

Truthfully, Kerry Rhodes’ sexual preference is irrelevant.  The NFL is supposed to be a meritocracy, and over a span of 7 seasons Kerry Rhodes has proved his worth. The fact that front offices are scared to bring in a player who might be homosexual but will definitely be an on-field asset speaks not only to these teams’ cowardice and lack of morals, but also to their stupidity.

In a league where most coaches and GMs can (and will) be fired at the drop of a hat, you’d think that GMs would advocate bringing in a talented veteran safety.

Why Not Kerry?

Cowboys head coach Jason Garrett’s job may be on the line this Sunday.  And though Garrett surely has little say in Dallas’ personnel decisions, you’d have a hard time arguing that Kerry Rhodes wouldn’t benefit the Cowboys’ porous secondary in Sunday’s NFC East Championship vs. Philadelphia.

Eagles Safety Patrick Chung, an offseason acquisition who was inconsistent as a previous member of New England’s secondary, has often been poor in coverage this year. With Philly’s other young safeties (Kirk Coleman, Nate Allen and Earl Wolff) struggling, it makes you wonder why GM Howie Roseman and Chip Kelly haven’t at least given Kerry Rhodes a workout.

Then there’s the NFC North, where Green Bay and Chicago will also fight it out for the division crown on Sunday. Out of 68 Safeties that have played at least 50% of 2013 defensive snaps, the Bears’ starting Safeties (Chris Conte and Major Wright) are ranked 64th and 68th, respectively, by Pro Football Focus while the Packers’ starting Safeties are ranked 48th  (Morgan Burnett) and 55th (M.D. Jennings). It’s usually foolish to doubt the decision-making of Packers GM Ted Thompson, who’s widely regarded as one of the games smartest minds. But looking at the Packer’s Safeties, it’s hard to determine why Kerry Rhodes wasn’t given a shot in their sub-par secondary. As for Bears GM Phil Emery and his decision to not give Rhodes a look? In just his second-year, maybe he isn’t on the hot seat just yet. But in the NFL, that can change quickly. And who knows—signing Kerry Rhodes may have helped the Bears and their league-worst Safety tandem win one of the games that they lost, which would mean they’d already have the NFC North locked up.

And what about New Orleans? Also fighting for their playoff lives on Sunday, they just lost first-round rookie Safety Kenny Vaccaro to a broken ankle. Would Kerry Rhodes not provide the Saints’ secondary with insurance and veteran leadership for a playoff run?

There are surely more teams that Kerry Rhodes could positively impact. But of course there is another side to signing a player—the locker room component.    It’s management’s job to assemble a group of players that will mesh well together. Based on Kerry Rhodes’ track record, NFL teams have seemingly made a collective decision that bringing him in will cause a locker room disturbance.

Yet for a guy who has always been a class act, has been active in the community (The Kerry Rhodes Foundation helps “ambitious young men and women achieve their dreams by providing resources to nurture their academic and physical well-being”), and has denied any rumors of being homosexual, I can not fathom how Rhodes would negatively affect a lock room.

What Now?

The NFL is supposed to be a brotherhood.  In the case of Kerry Rhodes, the league left a brother behind based on hearsay and rumors. The 32 teams collectively took a story, ran with it, and stole Kerry Rhodes’ age-31 season from him.

On November 30, 2011 Chase Blackburn was working as a substitute teacher in his hometown of Ohio.  It was week 13 of the NFL season, and he hadn’t yet played a snap when the phone rang.  It was the Giants. He picked up the phone, flew to New York, and ended up being the Giants’ starting MLB—a key member of that Giants team who beat the Patriots in Super Bowl XLVI.

Here’s to hoping Kerry Rhodes is next.

Andrew Cohen
@ajcohen03
ajcohen3@gmail.com

 

CJ-NO-WAY: Sizing up Chris Johnson’s eventual arrival on the 2014 RB market

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Titans RB Chris Johnson is soon to be FormerTitans RB Chris Johnson. He answered “no way” when asked if he’d take a pay cut this off-season, and Tennessee will almost surely cut CJ loose.

After Sunday, Johnson will end up having played 3 years and having collected $31 million of the 6 year/ $56 million extension he signed in September of 2011.

What does this mean for Johnson’s future? Once released, he should immediately become the most desirable back in a weak 2014 UFA RB market, which includes an aging MJD, the talented yet injury-prone Darren McFadden, the Giants’ Andre Brown and the Colts’ Donald Brown.

With 950 rushing yards, Johnson needs 50 yards in Sunday’s finale to reach the 1,000-yard mark for his 6th straight season.  If Johnson gets his usual workload, he should reach this feat.  Yet his usual workload (he’s averaging 16.8 carries/game this season) will put him at 269 carries for the year—an average of 288 carries per year in his 6 years as a Titan.  While he’ll still be 28 on next opening day, that’s a lot of tread on his tires.

Reggie Bush, the crop of last year’s free agent RB class, signed a 4 year/$16 million deal with $5 million in guarantees.  While Bush had played one more season then CJ, he had significantly less usage—Bush averaged 138 carries per year over his 7 year span prior to hitting free agency.

It’d make sense if Johnson received a contract in the same range as Bush’s deal. The 2014 cap is preliminary expected to be $126.3 million, which should give teams a little more spending room.  However, even with this extra spending money, I’d be surprised to see any team give much more than $5 million guaranteed to a running back that’s been used so heavily and is primed to enter his decline phase sooner rather than later.

Possible destinations:

Cleveland: The early favorite, the Brown’s will have a ton of cap space and RB is one of their biggest needs.

Oakland: Their cap situation has been restored from the Al Davis days. McFadden will likely depart. I have a feeling GM Reggie McKenzie will spend money in other areas, though, and have faith that Rashad Jennings will be able to handle primary back duties.

Jets: The Jets will also have some money to spend, and CJ would fit in nicely next to Chris Ivory. However, Gang Green may have more pressing needs to fill.

Miami: They lacked playmaking from the RB position after letting Bush leave in FA.  2014 is the last year of Daniel Thomas’ rookie deal…

 
Andrew Cohen
@ajcohen03
ajcohen3@gmail.com

JUST HOW GOOD IS RICHARD SHERMAN?

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The Seahawks shut out the Giants 23-0 at the Meadowlands this past Sunday, which means that if Seattle is going to play another game away from home this season it will almost certainly be back in the Meadowlands—at MetLife Stadium in February for Super Bowl XLVIII.

The Seahawks haven’t technically clinched home field advantage throughout the NFC playoffs—they need to win one of their last two games to secure the NFCs #1 seed.  But with both these games at their home CenturyLink Field (vs. ARI & vs. STL), where they haven’t lost since 2011, the odds are heavily in their favor.

Russell Wilson was prepping for a start in the Rose Bowl when the Seahawks last lost at home, and his unique development since being selected in the 3rd round of last year’s draft is the most obvious reason for the Seahawks’ recent success. But a defensive player—another Seahawks draft day ‘sleeper’—may be playing just as big of a role in Seattle’s emergence.

A year before Seattle drafted Wilson, they selected CB Richard Sherman in the 5th round (154th overall) of the 2011 draft.  In 2012, just his second season, Sherman had 8 INTs, 3 FFs, 1 TD and was Pro Football Focus’ second ranked CB. Never one to keep quiet about his abilities, Sherman inferred he was on Darrelle Revis’ level after the 2012 season, and a much-publicized Sherman-Revis Twitter War ensued.

Though Revis sat out most of 2012 with a torn ACL, he has long been the measuring stick for NFL CBs, considered the leagues best. But take a closer look and the numbers show that Sherman is just as good, if not better:

SnapsThrown AtCompletions Allowed Comp. %Yards AllowedTD AllowedCover Snaps/ TargetCover Snaps/ RecINTFFTD Scored
REVIS 20111036/1051 (99.5%)853541.250816.5 (28th in NFL)15.8 (5th in NFL)400
SHERMAN 2012980/1032 (95%)874147.163426.9 (12th in NFL)14.8 (2nd in NFL)831
SnapsThrown AtCompletions Allowed Comp. %Yards AllowedTD AllowedCover Snaps/ TargetCover Snaps/ RecINTFFTD Scored
REVIS 2013859/952 (90.2%)522951.826828.9 (2nd in NFL)17.3 (1st in NFL)220
SHERMAN 2013881/935 (94.2%)553054.546729.0 (1st in NFL)16.5 (2nd in NFL)601

Stats courtesy of Pro Football Focus.

Coverage Snaps per Target=A Pro Football Focus created statistic; the amount of times a cornerback is the primary man in coverage relative to how many times his receiver is targeted.

Coverage Snaps per Reception= A Pro Football Focus created statistic; the amount of times a cornerback is the primary man in coverage relative to how many receptions he allows.

Compare the last two full healthy seasons of each player, and their numbers are jarringly similar.  This year, Sherman and Revis rank 1st and 2nd respectively among NFL CBs in PFFs Coverage Snaps per Target statistic (explained above), meaning there are no CBs that QBs are more afraid of.  And although Revis has allowed substantially less yards thus far this year (199, to be exact), one could argue these numbers are a bit skewed; Sherman was charged with giving up a week 5 73-yard-touchdown to TY Hilton that was more a product of a miscommunication with Safety Earl Thomas than actually getting beat in coverage.

One would have a much more difficult time arguing against Sherman’s playmaking ability, though.  In spite of being targeted so sparingly, Sherman was tied for second in the NFL with 8 INTs last year, while also forcing 3 fumbles.  After securing his 6th INT of the year this past Sunday, he is now tied for first in that category in 2013—with of course none bigger than the interception he returned 58-yards for a touchdown with under 3 minutes to play in week 4 at Houston to tie the game at 20. Seattle went on to win that game 23-20 in Overtime.

As a 5th rounder, Sherman is only making a base salary of $555,000 this year. That rises to $645, 000 next year—the last year of his contract. However, the new CBA stipulates that a player & team can renegotiate a player’s rookie deal after his third year.  And considering the year Sherman is having, it would seemingly make sense for both sides to rip up this rookie deal and hit the negotiating table.

Back in September, Jason visited this topic and had the following to say about the cornerback marketplace:

The Marketplace

There may be no more difficult market to balance right now than the cornerback market. To say it crashed would be the understatement of the year. Players that many thought could be potentially franchised were signing $4 and $5 million dollar per year contracts. It stands to be seen whether or not this was people like myself simply overvaluing a group of players or if the new spread offenses are convincing teams that overspending on one player is not as important as balance in the secondary.  Sherman’s new contract will likely put that in perspective.

At the top of the market is Revis at $16 million a season.  Not only is Revis’ contract an outlier but for Revis to get that money, which he was desperate to get as it was extremely important to he and his agents to be the highest paid defensive player, he gave up all guaranteed money. Considering he is coming off an ACL injury that is a very risky move for a player.

If the high end market still exists Sherman will probably work from the contracts given to Brandon Carr, Brandon Flowers and Cortland Finnegan who would be the young player comparables. Also in that upper echelon pay group is Champ Bailey who is significantly older and has more of his money tied in incentives, but because of age I don’t consider Bailey to be a consideration.

In addition I think an important contract to look at is the contract Revis had leading into 2013 with the New York Jets. That contract was specifically designed to be a somewhat “fair market” value contract when an outlier existed. In that case it was Asomugha earning over $16 million a year from the Raiders.

 

CBs

While I certainly see where Jason is coming from, I view Sherman as one of the NFLs most unique players. Sherman is a Stanford graduate who is supremely confident in his abilities. I believe he understands the business side of the game and that he’ll likely only have one chance to sign a massive on-field deal.  Because of this, I don’t think that the “existence of a high end market” is going to matter. Sherman will create his own market place—he is going to reach for a contract in the new Revis range in terms of annual value, with substantially more in guaranteed money.

Remember, the NFL is now a passing league. Revis proved how valuable he was to the Jets during their back-to-back AFC Championship runs, as the ability to ‘shut down’ half the field can not be understated. If the Seahawks don’t offer Sherman what he feels he’s worth, he won’t hesitate to hit the open market once eligible. And if Sherman does hit the open market, there will be a team that bites and pays Sherman what he feels he’s worth.

Andrew Cohen
@ajcohen03
ajcohen3@gmail.com

MATT ELAM & THE AGENCY DECISION

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If you had never heard of Ravens rookie safety Matt Elam before this week, I understand you being a bit skeptical of his decision-making abilities. Calling out Calvin Johnson before a must-win game probably isn’t the best idea.

But believe it or not, Elam made the best financial decision of any rookie drafted in the 2013 class by not hiring an agent.  And given the standard 3% that most NFL agents take from their clients’ paychecks, he saved himself over $200,000 in the process.

The 2011 addition of a rookie wage scale has exhausted an agent’s ability to negotiate a rookie’s contract. Rookie contract lengths are now predetermined (all contracts are four years, while teams have a fifth year option on their 1st rounder’s), and each team has a Year One Allocation Pool & and a Signing Bonus Allocation that’s determined by where their draft selections are.

So what does this all result in? Let’s look at the first pick of the 2nd round, or the 33rd overall selection since the inception of this rookie wage scale:

NAMEYEARTEAMPICKLENGTHTOTAL CONTRACT AMOUNTSIGNING BONUSGUARANTEED MONEY
Ras-I Dowling2011NE2.1 (33rd overall)4$5,304,098$2,357,528$3,699,960
Brian Quick2012STL2.1 (33rd overall)4$5,386,599$2,357,000$3,822,373
Jonathan Cyprien2013JAX2.1 (33rd overall)4$5,469,104$2,357,528$3,916,124

Shown above are almost identical contracts for these three players who occupied the same draft slot.  Now let’s look at the last pick of the 1st round, or the 32nd overall selection.  This is where Baltimore selected Matt Elam:

NAMEYEARTEAMPICKLENGTHTOTAL CONTRACT AMOUNTSIGNING BONUSGUARANTEED MONEY
Derek Sherrod2011GB1.1 (32nd overall)4 (5th year option)$6,602,002$3,301,456$5,326,729
David Wilson2012NYG1.1 (32nd  overall)4 (5th year option)$6,683,979$3,301,456$5,382,979
Matt Elam2013BAL1.1 (32nd overall)4 (5th year option)$6,767,002$3,301,456$5,439,229

Again, the contracts are almost exactly the same.  While all three players received identical signing bonuses, it was actually Elam, who was representing himself, that received the most in both total and guaranteed money.

Elam has stated that he plans to hire an agent for his second NFL contract, where negotiations aren’t nearly as cut and dry. And with the way the sports agency industry works today, agents certainly do more than just negotiate contracts. They often pay for their clients’ pre-combine training, help with financial planning, and even guarantee future marketing revenue in certain cases.

With college bowl season around the corner, players will begin choosing their agents in bunches. It will be interesting to see if any incoming rookie attempts to save himself money by following Elam’s lead after Elam proved successful in negotiating his rookie contract.

Andrew Cohen
@ajcohen03
ajcohen3@gmail.com 
 
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