Don't pay much attention to contracts, but the trade aspect is why I thought he might take a pay cut. If he really wants out, and another team really wants him (and, he wants them), couldn't they work it out such that he takes the cut on this contract to make the dead cap acceptable to the Pack with the understanding from the new team that they'll re-negotiate to make up the difference? Just asking. Hard for me to conceive of millions or tens of to be relatively unimportant, but I also can't conceive of nine-figure contracts in the first place.
Oh, Rodgers would be quite attractive to a trading partner. It's the Packer's side of the equation that is problematic in the signing bonus overhangs which cannot be gotten around.
Here's the breakdown using overthecap's numbers
https://overthecap.com/player/aaron-rodgers/1085/:
2020
Nobody expects a trade now, but the following illustrates the lack of team leverage in getting Rodgers to take a salary cut.
Let's say the Packers traded him right now. He's already been paid the $5.740 mil in roster and workout bonuses. The signing bonus overhang would be charged to the Packers in 2020, the sum total of the amounts shown in that link for 2020 - 2023 in the roster bonus column, $45.908 mil. That would be $51.648 mil charged against the Packers cap in 2020 for Rodgers while being without his services. That's the "dead cap". overthecap shows $51.148 evidently because they are not treating the $500,000 workout bonus as being earned yet but I've read the NFL is paying workout bonuses under the shutdown. Either way, that element amounts to a rounding error.
The team Rodgers would be traded to would have a cash and cap charge in 2020 of only his $1.55 mil salary. For subsequent years take the cap number shown and subtract the signing bonus numbers for those years to get to the new teams future cap liabilities--still quite attractive.
The Packers have zero leverage in requesting a salary cut.
Future prorated signing bonus charges are immutable. They will always be charged against a team's cap sooner or later.
2021
Assuming a trade is excuted before the start of the league year where the roster bonus falls to the new team, the Packers would be charged the unavoidable $31.556 against the 2021 cap for the signing bonus overhangs in 2021-2023. That's the "dead money" amount for 2021. His salary, roster bonus and workout bonus amounts for those three years would still look relatively attractive to a trading partner. With a Post-June 1 designation, the Packers would reduce the cap charge in 2021 to $14.352 mil with the balance falling in 2022, though you can't spend the savings in that deferral until after June 1, so fuggetabot using it in the prime FA signing period.
The interesting thing here is that despite all that dead cap, Rodgers cap cost in 2021 is so high that trading or cutting him, even without the June 1 designation, yields nearly $5 mil in cap savings in 2021.
So, lets say Rodgers gets injured for some period of time in 2020 and Love takes the reigns. And lets say Love performs admirably, well above expectations for a rookie QB, along the lines of Matt Cassel in 2008 subbing for the injured Brady, or Goroppolo's two starts in 2016 for the suspended Brady, or Bridgewater going 5-0 in relief of the injured Brees last year, or just showing the promise of Mayfield in his rookie year, now regressed.
The situation then becomes a more immediate consideration. If you take 2019's 26th. pick (Montez Sweat) and add 5% for the cap bump this year, Love's cap cost for the remaining 3 years on his contract under the rookie salary scale after 2020 looks something like this:
2021: $2.8 mil
2022: $3.3 mil
2023: $3.9 mil
#26 picks are dirt cheap for 4 years. If you want to start Love going forward, a guy you're already paying, you then you get the $5 mil in cap savings in 2021 even without the June 1 designation versus having both QBs on the roster.
While this scenario is highly improbable, it is certainly possible. The sheer cheapness of Love offers a lot of latitude.
Under this scenario, there would surely be a QB controversy with a hue and cry from several quarters to trade Rodgers. Then you'd have to hope you don't get that Mayfield-like regression. Beware the triumph of the uncluttered mind.
2022
Rodgers still looks attractive to trading partners assuming he's still playing at the same level. The dead cap drops to the unavoideable $17 mil, the cap savings jumps to $23 million, and if Love shows well in some money games over the prior two seasons the controvery would be elevated that much more.
2023
That's the year most pundits target for the changeover since Rodgers dead cap drops to $3 mil in Love's 4th. season. That's just a default position with innumerable unknows. Losing seasons or Love playing well in money games could accelerate the process. Or Rodgers win a Super Bowl in 2022 and gets extended Brady-like for a couple of years into his 40's unless of course they low ball him and he moves on to greener pastures.
Takeaways
1) Without a firm grasp of the cap situation, two years out at a minimum, you cannot expect yourself to make a reasonable projection of how cap will be spent. I warned months ago about how what looked like a lot of cap really wasn't, and that 2021 was looking quite problematic. Now 2021's acute cap situation is getting attention when it was there in plain sight from the start even before possible Covid-19 impacts to that cap number. And here we are, spending by opening day the lions share of what looked like a healthy amount of cap once the draftees are all signed, along with players 52 and 53, and the practice squad without acquiring an impact player or extending key 2021 unrestricted FA's being Bakhtiari, Clark or Jones, nor King or Linsley, or even Funchess, Lewis or Ervin. The projected replacements for those guys have little or no snaps under their belt at this time, merely projections, or won't be on the roster until next year's draft. Cutting Linsley now is the usual story for fixing the cap issues. That helps assuming the next guy up is any good, an uncertainty given limited evidence, but it is the tip of the iceberg.
2) As Bruce Ariens stated recently, QBs learn nothing holding a clipboard. He was talking about somebody else's QB, but I've been waiting a long time for somebody with some reputation in the matter of quarterbacking to finally fess up. While good is certainly preferred over bad in the matters of practice and preseason, you do not know what you have until money games against real competition. Until that happens you have no idea how the practice and film study and game planning is distilled down to the split second decision making required against front line compeition. Unlike preseason, there is no feasting upon 2nd. string, 3rd. string and camp bodies of lesser physical abilities who are making mistakes all over the place.
3) When looking at the 2021 cap situation, it should be evident that 2020 was a prime opportunity with the window starting to close in 2021. Wide receiver or not, this draft, particularly the value propositions in these reaches, is particularly puzzling and, dare I say, disturbing.