MSGold12's breakdown of the Ty Law contract

[Jetlag]

I thought this was a great post by MSGold12 on JetsAddicts board and that it would help everyone understand his contract a little better.

"OK, I know it is a rare occassion that I am oppotimistic and happy when it comes to this team but this morning I am!!!!! Signing Ty Law was great on its face (assuming hes healthy of course) but afteer reading the deal...I am freakin extatic!!!!

As I saiid in a previous post (whihc IBG was kind enough to have reposted in the pther thread), the "yearly average" is very deceiving. The FIRST 2 things you look at when you look at a deal are the signing bonus and the length. Here, we gae him a 5mil bonus over 3 yyearrs...a proration of 1.6 per (not far off from the 8.5/5 years bonus I sugggested whihc was 1.7 per). So with 5 mil out of the way, that leaves 13 mil over 3 years to account for. We have heard that the contract is back loaded and also that it ius very incntive based and that there is guaranteed money (which doesnt vest to the cap until the year its due). So assuming that, I am going to assume the floowing...

year 1 base- 2 mil

year 2 base- 3 mil

year 3 base- 6 mil

2 mil in incentives spread over te 3 years

1 mil of the 2nd year guaranteed

2 mil of the final year guaranteed.

That leaves cap numbers of the around the following:

2005- 3.7 to 4.3

2006- 4.7 to 5.3

2007- 7.7 to 8.3

Basicallly, we could cut him 15 minutes afteer we sign him and at WORST with the 8 mil of proration (5 mil SB and 3 mil guaranteed), we woould take a two prong cap hit of 2 mil in 2005 (4 mil less his 2 mil base) and 1 mil in 2006 (4 mil less 3 mil base). And if we get even ONE year out of him, those numbers wwould decrease to nearly a wash!!!

BL, this is a GREAT deal for us! A 5 mil SB is NOTHING (JA is asking for 15 mil!!!) and we are getting (if healthy) a pro bowl callibar CB!!!!!

If JA comes in and our NT situation works itself out, we are going to have a SCARY D!!!!!

PS- Just to show I can be fair and ballanced, I am giving some props to Herm here. I haave to assume Law got more lucrative offers then this but it seems Herm did a great sell job on him. Good jjob Herm, goood job Terry, good job Mr T!!!!!!!!"

[PFSIKH]

Looks to be a good contract if your numbers are correct.

Plus, I doubt he had more lucrative offers.

[Jetlag]

Looks to be a good contract if your numbers are correct.

Plus, I doubt he had more lucrative offers.

Not my post. I copied and pasted it from JetsAddicts from a poster names MSGold12 who is very good with contracts and the cap in general.

[Savage69]

PS- Just to show I can be fair and ballanced, I am giving some props to Herm here. I haave to assume Law got more lucrative offers then this but it seems Herm did a great sell job on him. Good jjob Herm, goood job Terry, good job Mr T!!!!!!!!"

I agree but would give 1/2 the credit to Martin!!

But I can't say he had better deals that he turned

down!! :wink:

[nj meadowlands]

I agree but would give 1/2 the credit to Martin!!

But I can't say he had better deals that he turned

down!! :wink:

Ladies and gentlemen shut down the server

Savage gave CREDIT to Curtis Martin.

[Savage69]

Ladies and gentlemen shut down the server

Savage gave CREDIT to Curtis Martin.

80 the difference between me and the Kool-aid

blabbering Fan is I give credit where it's due!

And if Martin ever score's in the Playoffs or

SB sometime in this century I'll give him credit

for that as well!! :wink:

[RichardSeymour]

This guy, the original poster, is a moron.

When you look at the cut for a cap hit, particularly OF A GUY YOU JUST SIGNED, you look at the DEAD MONEY hit.

If Law really has 8 mil guaranteed and you cut him after year 1 or after year 2 it will be painful. Not brutally so, but enough to really f**** sting.