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2023 Salary cap riddle
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<blockquote data-quote="Deleted member 6794" data-source="post: 997077"><p>Actually Over The Cap is the best place to look for the effective cap space a team currently has as it includes the compensation for draft picks as well. They have the Packers currently listed at $7 million of it which is the 15th most in the league.</p><p></p><p></p><p></p><p>The Packers signed Rodgers to a revised contract before the trade was filed to the league office which converted Rodgers' 2023 option bonus into base salary for 2024. That move resulted in him currently only counting $1.165 million towards the Jets' cap. Otherwise it wouldn't have been possible to agree to the trade as the Jets currently wouldn't have had enough cap space to acquire him. </p><p></p><p>While that result in Rodgers to be due more than $100 million in 2024 it's all but guaranteed they will agree to restructure his deal at some point before the start of the season.</p><p></p><p></p><p></p><p>Yes, of course every player being signed has to be accounted for on the cap. A vested veteran signing for the minimum counts less than what he's paid but the move still results in a small cap hit.</p><p></p><p></p><p></p><p>If the Packers exercise Love's fifth year option they will have the eighth most cap space in the league allocated towards the 2024 season. Next year, moving on from Bakhtiari and Douglas are the only moves which would result in significant savings.</p><p></p><p></p><p></p><p>The Packers don't have to release players because of Rodgers' dead money counting against their cap.</p><p></p><p></p><p></p><p>There wasn't a single season in which Rodgers accounted for at least 15% of the cap, let alone an average of 22%.</p><p></p><p></p><p></p><p>PFT is completely off on that take. The Packers trading Rodgers results in $40.3 million of dead money counting against their cap in 2023. There was nothing anyone could have done about it aside of waiting after June 1 to trade him.</p><p></p><p></p><p></p><p>Actually, he agreed to convert his 2023 bonus of $58.3 million to be paid as base salary in 2024. Otherwise the Jets wouldn't have been able to make the trade at this point.</p><p></p><p></p><p></p><p>No, it's not. It was obvious for everyone that the Packers trading Rodgers before June 1 will result in $40.3 million of dead money against their cap in 2023. Nothing has changed about that.</p><p></p><p></p><p></p><p>The cap hit of $14.575 million Florio was wrongly taking about would have been the prorated portion of Rodgers' option bonus of $58.3 million that would have counted against the Packers' cap if he ended up playing for them in 2023.</p><p></p><p></p><p></p><p>I don't know a whole lot about the way contracts were handled regarding the cap back in 2008 either but signing bonuses can only be prorated for a maximum of five years. I guess that was true back then as well. If that's true the Packers trading Favre didn't result in any dead money.</p><p></p><p></p><p></p><p>Rodgers never received $50 million plus for a season with the Packers though.</p><p></p><p></p><p></p><p>There's no truth to it though. The Packers actually took an additional cap hit of $8.7 million for the upcoming season by trading Rodgers at this point.</p></blockquote><p></p>
[QUOTE="Deleted member 6794, post: 997077"] Actually Over The Cap is the best place to look for the effective cap space a team currently has as it includes the compensation for draft picks as well. They have the Packers currently listed at $7 million of it which is the 15th most in the league. The Packers signed Rodgers to a revised contract before the trade was filed to the league office which converted Rodgers' 2023 option bonus into base salary for 2024. That move resulted in him currently only counting $1.165 million towards the Jets' cap. Otherwise it wouldn't have been possible to agree to the trade as the Jets currently wouldn't have had enough cap space to acquire him. While that result in Rodgers to be due more than $100 million in 2024 it's all but guaranteed they will agree to restructure his deal at some point before the start of the season. Yes, of course every player being signed has to be accounted for on the cap. A vested veteran signing for the minimum counts less than what he's paid but the move still results in a small cap hit. If the Packers exercise Love's fifth year option they will have the eighth most cap space in the league allocated towards the 2024 season. Next year, moving on from Bakhtiari and Douglas are the only moves which would result in significant savings. The Packers don't have to release players because of Rodgers' dead money counting against their cap. There wasn't a single season in which Rodgers accounted for at least 15% of the cap, let alone an average of 22%. PFT is completely off on that take. The Packers trading Rodgers results in $40.3 million of dead money counting against their cap in 2023. There was nothing anyone could have done about it aside of waiting after June 1 to trade him. Actually, he agreed to convert his 2023 bonus of $58.3 million to be paid as base salary in 2024. Otherwise the Jets wouldn't have been able to make the trade at this point. No, it's not. It was obvious for everyone that the Packers trading Rodgers before June 1 will result in $40.3 million of dead money against their cap in 2023. Nothing has changed about that. The cap hit of $14.575 million Florio was wrongly taking about would have been the prorated portion of Rodgers' option bonus of $58.3 million that would have counted against the Packers' cap if he ended up playing for them in 2023. I don't know a whole lot about the way contracts were handled regarding the cap back in 2008 either but signing bonuses can only be prorated for a maximum of five years. I guess that was true back then as well. If that's true the Packers trading Favre didn't result in any dead money. Rodgers never received $50 million plus for a season with the Packers though. There's no truth to it though. The Packers actually took an additional cap hit of $8.7 million for the upcoming season by trading Rodgers at this point. [/QUOTE]
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