JetNation Posted October 11, 2013 Share Posted October 11, 2013 It appears New York Jets quarterback Mark Sanchez’s career with the team is over as he decided to have surgery to repair a torn labrum in his right shoulder. He will spend the rest of this season on reserve/injured (IR) receiving his full salary but with the emergence of rookie Geno Smith, Sanchez will be playing somewhere else next year. There are many questions as to the financial ramifications of releasing Sanchez after the season given the three year contract extension he received in 2012. It is important to understand how money is accounted for under NFL salary cap rules in order to fully know what is going to happen with the Jets cap when Sanchez is released. A history of his contract will help explain what the team is responsible for and why. His new contract, five-years 2012-16, was worth $58.25 million with $19.5 million of that guaranteed spread over 2012 and ‘13. Here’s a breakdown of the entire contract (bold represents guaranteed salary): Year Salary Roster Bonus Workout Bonus Prorated Bonus Total Yearly Cap Hit 2012 $3,250,000 $0 $500,000 $4,103,125 $7,853,125 2013 $8,250,000 $0 $500,000 $4,103,125 $12,853,125 2014 $9,000,000 $2,000,000 $500,000 $1,600,000 $13,100,000 2015 $12,500,000 $1,000,000 $500,000 $1,600,000 $15,600,000 2016 $10,750,000 $1,000,000 $500,000 $1,600,000 $13,850,000 The guaranteed salaries only add up to $11.5 million so where is the other $8 million? The Jets in dire need of salary cap space converted $8 million of Sanchez’s season salary into signing bonus. So he was scheduled to make an $11.25 million salary for 2012 but was paid $8 million after signing the contract, a signing bonus, then $3.25 million during the season. The benefit for the Jets is signing bonuses get prorated or spread out over the life of the contract up to a maximum of five years. Looking at the column “Prorated Bonus” you can see how any monies which get prorated are accounted for under salary cap rules. Even though Sanchez was paid $8 million right away that money got divided up counting $1.6 million in 2012-16, creating $6.4 million in available cap space for 2012. There was already $2,503,125 of prorated money in 2012 and ’13 before Sanchez negotiated the extension. This was from a $10.0125 million salary advance he received in 2010, which got spread out evenly throughout 2010-13 caps ($2,503,125 million per year). Again this is a lump payment like the signing bonus Sanchez is paid the $10.0125 million in full but the money is prorated on the salary cap and does not go away because of a contract change. This is why the prorated column has over $4 million in it for 2012-13. As each year goes by the prorated portions are accounted for on that year’s cap with the remainder counting moving forward. So here is what is left on Sanchez’s contract after this year: Year Salary Roster Bonus Workout Bonus Prorated Bonus Total Yearly Cap Hit 2014 $9,000,000 $2,000,000 $500,000 $1,600,000 $13,100,000 2015 $12,500,000 $1,000,000 $500,000 $1,600,000 $15,600,000 2016 $10,750,000 $1,000,000 $500,000 $1,600,000 $13,850,000 None of the salary, roster bonus or workout bonus is guaranteed so releasing Sanchez clears that money off the Jets books but the prorated signing bonus, $1.6 million in 2014-16 which has been paid but spread out over the cap counts if Sanchez is released and here is the downside to prorating money. Only $4.8 million of the original $8 million 2012 signing bonus remains on future Jets salary caps, $1.6 million spread out in 2014-16 but if Sanchez is released the money will accelerated, be added all together, in its entirety onto the 2014 salary cap. The Jets will be taking a dead money hit, money on a team’s salary cap for a player no longer there, of $4.8 million for Sanchez. This money is not owed to Sanchez as it has already been paid but the Jets will now be forced to take the remainder onto the 2014 cap instead of having it spread till 2016. The team does have an option to spread the hit over 2014 ($1.6 million) having the acceleration occur in 2015 ($3.2 million) but this is unlikely. Any thought of trading Sanchez is a long shot for many reasons but since his $2 million roster bonus is due on March 25, 2014 the Jets will look to release him well before that date. Since Sanchez was set to have a 2014 cap number of $13.1 million but will cost only $4.8 million the Jets will gain $8.3 million in cap space then if he remained under contract. It is almost a certainty that Mark Sanchez will be moving on from the Jets next year with the team gaining salary cap space in 2014 and beyond, let’s hope general manager John Idzik uses it wisely. Follow Me: View the full article Link to comment Share on other sites More sharing options...
j4jets Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Link to comment Share on other sites More sharing options...
Thor99 Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Or you could say, "Thanks for the info." Link to comment Share on other sites More sharing options...
GREENBEAN Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. I thought it was a good breakdown. You're a meany Link to comment Share on other sites More sharing options...
T0mShane Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. I don't understand what you're saying. Can you present all of this via an infographic? Link to comment Share on other sites More sharing options...
HessStation Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. you ungrateful little sh*t.. Link to comment Share on other sites More sharing options...
Jetsfan80 Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Dallas, eh? I guess everything IS bigger in Texas. Bigger a$$holes, that is. Link to comment Share on other sites More sharing options...
kay_gee Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. atrociously long articles? I'm sorry, I wasn't under the impression Tolstoy wrote this. have you ever read an actual book? the kind without pictures? let me guess: you aren't proud of it. Link to comment Share on other sites More sharing options...
New York Mick Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. No coffee? Link to comment Share on other sites More sharing options...
New York Mick Posted October 11, 2013 Share Posted October 11, 2013 atrociously long articles? I'm sorry, I wasn't under the impression Tolstoy wrote this. have you ever read an actual book? the kind without pictures? let me guess: you aren't proud of it. There's books without pictures? Link to comment Share on other sites More sharing options...
JiFtheOracle Posted October 11, 2013 Share Posted October 11, 2013 Scratch and sniff articles from now on please. Link to comment Share on other sites More sharing options...
kay_gee Posted October 11, 2013 Share Posted October 11, 2013 There's books without pictures? no, only web comics. Link to comment Share on other sites More sharing options...
Klecko73isGod Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Link to comment Share on other sites More sharing options...
LIJetsFan Posted October 11, 2013 Share Posted October 11, 2013 j4jets was a bit abrasive but only the newest of new Jets fans aren't already aware of the 4.8m cap hit situation. Link to comment Share on other sites More sharing options...
Lizard King Posted October 11, 2013 Share Posted October 11, 2013 I will say it.... The article did a tremendously effective job of confusing a really simple concept....[runs and hides under desk] Link to comment Share on other sites More sharing options...
New York Mick Posted October 11, 2013 Share Posted October 11, 2013 So how much is it gonna cost the Jets to cut Sanchez at the end of this season? Link to comment Share on other sites More sharing options...
CrazyCarl40 Posted October 11, 2013 Share Posted October 11, 2013 Can I get a Venn diagram please? Link to comment Share on other sites More sharing options...
Bleedin Green Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Yeah, it's so much better to read a monstrous douchebag rant on because another post had too many words that hurt his brain. Link to comment Share on other sites More sharing options...
flgreen Posted October 11, 2013 Share Posted October 11, 2013 Guess Jason should have written it like this. If LIl Marks friend Tanny gave him a Jar with 13.1 million jelly beans in it, and mean John came along and pushed Lil Mark down on his shoulder, and took 8.3 million Jelly beans, how many jelly beans would Lil Mark have left? Link to comment Share on other sites More sharing options...
stugotz81 Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Link to comment Share on other sites More sharing options...
j4jets Posted October 11, 2013 Share Posted October 11, 2013 Or you could say, "Thanks for the info." Thanks for the info? You mean the one that we've known all along ever since he signed that extension? Link to comment Share on other sites More sharing options...
j4jets Posted October 11, 2013 Share Posted October 11, 2013 you ungrateful little sh*t.. "Ungrateful little sh*t" because I called it the way it is and gave my opinion? Or is it because I wasn't sucking up to the author as if he's my boss? Link to comment Share on other sites More sharing options...
j4jets Posted October 11, 2013 Share Posted October 11, 2013 atrociously long articles? I'm sorry, I wasn't under the impression Tolstoy wrote this. have you ever read an actual book? the kind without pictures? let me guess: you aren't proud of it. And Im guessing you don't know the difference between an article and a book. Link to comment Share on other sites More sharing options...
kay_gee Posted October 11, 2013 Share Posted October 11, 2013 And Im guessing you don't know the difference between an article and a book. LOL. Wow, you caught me, because obviously Tolstoy was a sportswriter. This is all you got? It's not even fun. Link to comment Share on other sites More sharing options...
Il Mostro Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. And I thought you were the "numbers guy". You must have been referring to the digits crammed up your bunghole. Wiggle your thumb in there and you will really be on to something. Link to comment Share on other sites More sharing options...
j4jets Posted October 11, 2013 Share Posted October 11, 2013 And I thought you were the "numbers guy". You must have been referring to the digits crammed up your bunghole. Wiggle your thumb in there and you will really be on to something. You seem a little b*tthurt, so I guess we now know who's "bunghole" is "crammed up". Link to comment Share on other sites More sharing options...
HessStation Posted October 11, 2013 Share Posted October 11, 2013 "Ungrateful little sh*t" because I called it the way it is and gave my opinion? Or is it because I wasn't sucking up to the author as if he's my boss? CALIGULA!!!!! Link to comment Share on other sites More sharing options...
brian101193 Posted October 11, 2013 Share Posted October 11, 2013 That 40 million-ish everyone keeps talking about we'll have next season, is that including cutting Sanchez, Holmes and possibly Cro? Or just expiring contracts? Link to comment Share on other sites More sharing options...
Maxman Posted October 11, 2013 Share Posted October 11, 2013 That's a bunch if bull crap jibberish just to write a long article to explain this: Jets are on the hook for $4.8 mil in dead money next yr when they release him but save $8.3mil in cap space by doing so. Jason at jetscap has great info, but has been posting articles with repetitive info a bit too much for my liking just to get a few extra viewers while trying to make him look like a genius. And the Sanchez contract issue has been beaten to death a million times on million websites to write an atrociously long article that could be covered in a side note. Well we wrote that info here. But thanks for the feedback. Link to comment Share on other sites More sharing options...
Maxman Posted October 11, 2013 Share Posted October 11, 2013 There's books without pictures? lol Link to comment Share on other sites More sharing options...
Maxman Posted October 11, 2013 Share Posted October 11, 2013 Guess Jason should have written it like this. If LIl Marks friend Tanny gave him a Jar with 13.1 million jelly beans in it, and mean John came along and pushed Lil Mark down on his shoulder, and took 8.3 million Jelly beans, how many jelly beans would Lil Mark have left? Dennis Agapito wrote that article. It is on our front page. Yes, we have a front page. Link to comment Share on other sites More sharing options...
T0mShane Posted October 11, 2013 Share Posted October 11, 2013 LOL. Wow, you caught me, because obviously Tolstoy was a sportswriter. This is all you got? It's not even fun. I'm fond of EL James. Link to comment Share on other sites More sharing options...
HessStation Posted October 11, 2013 Share Posted October 11, 2013 I'm fond of EL James. The Famous writer an philanthropist, EL James? Link to comment Share on other sites More sharing options...
flgreen Posted October 11, 2013 Share Posted October 11, 2013 Dennis Agapito wrote that article. It is on our front page. Yes, we have a front page. Always preferred the back door myself. Congrats to Dennis. Good article Link to comment Share on other sites More sharing options...
Pac Posted October 11, 2013 Share Posted October 11, 2013 this j4jets is full of piss and vinegar. I admire his style. He ain't takin' no sh-t from no loquacious pseudo intellectual filling up his screen with superflous bullsheeahht. Link to comment Share on other sites More sharing options...
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