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Arods contract: 7 years no voidable years


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https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/aaron-rodgers-signed-a-seven-year-deal-with-no-voidable-years

Aaron Rodgers signed a seven-year deal, with no voidable years

It has been described as a two-year deal. Technically, it isn’t.

The new contract between Aaron Rodgers and the Jets lasts for seven years, with no void or other device for ending it early.

That’s significant, for a couple of reasons. First, it makes the no-tag clause meaningless, because the contract wouldn’t expire until March 2030. Second, it gives the Jets greater control over Rodgers’s next step, if there is one.

Rodgers can retire, but he can’t force his way to freedom without the Jets releasing him. Of course, giving up $33.7 million in pay over the next two years will make it hard for the man who saved that money to say “no” if Rodgers wants out.

Right away, Rodgers gets a $35 million roster bonus, subject to five-year proration. He also has a $1.838 million base salary for 2023. His cap number for the current year is $8.88 million.
 

For 2024, he has a $35 million option bonus and a base salary of $3.161 million. Both are fully guaranteed. And if the option bonus isn’t exercised, Rodgers’s salary for 2024 increases to $38.161 million. The cap number is $17.16 million.

Come 2025, there’s no void. Rodgers is on the books for another $35 million option bonus and a $2.5 million salary. Neither payment is guaranteed. It’s a cap number of $23.5 million, assuming he plays. If he does, he’ll be 41 when the season starts, and 42 by the time it ends.

The 2026 through 2029 seasons contain base salaries of $20 million per year.

If Rodgers retires after two years (or if he is released so he can continue to follow the Favre career arc and sign with the Vikings), a pre-June 1 move would result in a $49 million cap charge. After June 1, the Jets would take $14 million in 2025 and $35 million in 2026.

Thus, even with Rodgers taking so much less than he was due to make over the next two years, there will be a price to pay under the cap when he leaves. Specifically, they’ll have either $49 million less to work with in 2025, or $14 million less in 2025 and $35 million less in 2026.

There’s one last point to ponder on this. As a bookend to the $33.7 million gratuity that Rodgers gave the Jets on the way through the door, they could — in theory — pay him the $35 million option bonus in 2025 and then, if he retires, not try to recover it. However, that would drive the cap consequences for a post-June 1 retirement to $21 million in 2025 and a staggering $63 million in 2026.

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Yeah, he keeps getting younger each year... Funny how so many thought of him as an arrogant jerk, but now that he's ours.. we love his personality. I always thought he was cool, especially when he was getting unfairly trashed  during the covid time.. And i liked the way he hosted that game show.. 

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16 minutes ago, bitonti said:

A 7 year contract for a 40 year old QB

What could go wrong? 

We could win a Super Bowl or two and then have two lean years (assuming the cap doesn't go up enough to wash it away) retooling with the solid core of players we will still have.  

We might have to lose a player or two we don't want to as a result, but wiping away the tears with a ring on each hand will soften the blow.

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Summary:

Therefore it's the same thing as carrying voidable years except now - when the time comes - there won't be an automatic acceleration after his final playing season. This lets Rodgers formally put in his retirement papers after June 1st to spread that over 2 seasons. If they were automatically-voidable years then it'd hit in that retirement season (absent a phony-baloney restructuring, in Feb/March of that year, just to carry him on the roster through 6/1). This way they'll still likely do a phony restructuring (so they don't have to carry $20MM from March through May), but strictly speaking they wouldn't have to in order to have it spread.

He's unlikely to play under $20MM salaries those years anyway, so in practice it'll likely end up a distinction without a difference.

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As I recall, if Rodgers played in 2023 and 2024 on his GB contract, the Jets would have had a $14mm hit in 2023, a hit in the $20smm in 2024 and hits in the $30smm in each of 2025 and 2026.  The cap hits, and more importantly has Sperms says, the total cash expense, for Rodgers is less now.

But if we are taking a cap hit in 2023 and 2024 that is lower that what he actually costs in those years, the cap hit would need to be taken later.  In this case, all of the hits under the new contract are lower, but it will be painful when Rodgers leaves  JD has to start taking QBs in the draft now to replace Rodgers...just like GB did that got Rodgers so mad.  Maybe we don't and just hope to sign a Carr-type after Rodgers retires. 

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13 hours ago, Beerfish said:

This will all be fun and games until we have to start paying guys like Sauce and Garret Wilson and such.

(And also Arod is a baseball player)

Arod ‘was’ a baseball player. ARod ‘is’ a football player

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12 hours ago, Jet2020 said:

Arod ‘was’ a baseball player. ARod ‘is’ a football player

Lets call michael clemons bone crusher, who can we call the babe?  Iconic nicknames need to stay with the icons they are associated with.  Lets use a bit of imagination here.

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