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Deleted member 6794
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As I expect Rodgers wanting a hefty signing bonus that's definitely the only way extending Rodgers' contract makes any sense at this point.
Rodgers contract discussion
- Thread starter Wi. Mike now in Florida
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As I expect Rodgers wanting a hefty signing bonus that's definitely the only way extending Rodgers' contract makes any sense at this point.
Pokerbrat2000
Opinions are like A-holes, we all have one.
Unless you are the person not writing the check
Well said information in your entire post, I only quoted this part, because I think THAT is the part that fans and the damn media forget. This isn't signing some FA to a short term prove it deal for $5M. This is locking down a huge portion of the cap for a significant amount of time. I love AR and I hope it all works out, but there are a lot of moving pieces to this and his shoulder is one of the big ones IMO. I don't think anyone in the Packers organization is viewing this as a "no risk , slam dunk deal" and I would hope that AR is viewing it in that light as well.
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HardRightEdge
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...while not commenting on any of the issues and risks associated with that approach or the conceivable counter-offer of a % of cap.
Looking at just one issue, free cash flow looks to be pretty close to earnings for the Green Bay Packers, Inc. though a cash flow statement was not included in the annual report. A $100 mil signing bonus, for example, would take up nearly 2 years of operating profit ($65 mil in 2017) and presumably cash flow. Any meaningful capital spending or increases to the reserve fund in the plans would have to be put on hold. But that's not happening with Titletown District Phase II in process. Writing a $100 million check (or a series of checks over the course of a year) as opposed to the $21 million current cash obligation for 2018 is a matter of some import to Mr. Murphy regardless of the cap situation.
That's just one thing.
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OP
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Wi. Mike now in Florida
Cheesehead
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This input on Rodgers contract makes since to me
https://packerswire.usatoday.com/20...xecutive-on-aaron-rodgers-contract-extension/
https://packerswire.usatoday.com/20...xecutive-on-aaron-rodgers-contract-extension/
I merged two current Rodger's contract and longevity discussions
What would be an “equitable” deal given Ryan’s contract? My guess - 5 year deal, average $32 mil/year, guaranteed money $120 mil. That’s a big chunk of the cap but seems “reasonable” given what Ryan, Cousins, and Garoppolo got. He’s certainly worth it. The bigger question is can the Packers then afford to build a competitive team around him? There’s been talk, and I don’t know the source, that he and his agent want a % of the ever increasing cap. Both sides may even agree with that, but would the league approve it? Either way, I don’t understand why the deal hasn’t been done yet, or why they don’t even appear to be close. I hope he’s not looking for Favre-like stuff as in his own locker room. That hurt team unity, just my opinion. But what else could he want?
why would the league have a problem with a player getting a percentage of the cap? as long as the total numbers put the team under the cap, what's the issue? and 120 million guaranteed? ouch. as for why a deal hasn't been done yet? it's not like he's making a rookie contract right now. he's making 20 million or more per year and has 2 years left on his contract. Let's not act like he's making peanuts here. Rodgers can want a new one all he wants, but he doesn't exactly have a ton of leverage. They control his contract for a while yet and he's still making elite QB money these next 2 seasons. 120 million guaranteed, man if anything were to happen, we better hope Kizer is the real deal. Tough to win with that much money not performing on the field.
I love all this speculation and hand wringing over Rodgers' new contract, and by love it I mean hate it and by hate it I mean I find it very amusing. Rodgers has claimed he has made no specific demands and yet the media continues to claim Rodgers has made several unique demands. Rodgers claiming interest in something is translated into "Rodgers wants"
Fans are on pins and needles waiting for it to happen. Some are worried that when it does happen we won't be able to afford anyone else of quality so the team will suffer. Some are worried that the longer it drags on the more upset Rodgers will become thus making him want out of Green Bay. I have even seen the ridiculous suggestion that he will sabotage the team buy intentionally playing poorly if the deal isn't done soon. Then you have the other side of the argument that claim Rodgers is in no hurry to get the deal done because he gains more and more leverage with each passing day. If you want my opinion, if Rodgers really is a team first kind of guy like so many say he is, he really isn't too concerned about any of it. He knows he will be taken care of eventually and unless he is totally in the dark on how things work in the NFL (or he wants to change it) He understands why the Packers are not rushing into this
I know its the off season and there is nothing else to talk about but I cant wait until tomorrow. When camp starts and the bodies put on pads and start to actually hit each other we can possibly look for a bit of relief from the Rodgers contract saga. At least it might get diluted a bit with all the articles about how the last undrafted rookie is looking like the second coming of whomever and the most recent has been/never quite was is looking like an all pro once again/finally. Contract talks will be put on the back burner (to an extent) and attention will be refocused on how this team looks better than it ever has at whatever position has been a train wreck for too long now. It's that time of year when all 90 some players are potential pro bowlers and at some point some reporter or another is going to mention each and every one of them by name as "looking like it" Players who have barely been a blip on the radar will emerge as budding stars. Fading stars will benefit from a rejuvenation of sorts and shine brightly once again. All this will continue for the next month or so until reality sets in and we will all be left hoping that at least a small percentage of the wonderfulness that is training camp turns out to be true.
Fans are on pins and needles waiting for it to happen. Some are worried that when it does happen we won't be able to afford anyone else of quality so the team will suffer. Some are worried that the longer it drags on the more upset Rodgers will become thus making him want out of Green Bay. I have even seen the ridiculous suggestion that he will sabotage the team buy intentionally playing poorly if the deal isn't done soon. Then you have the other side of the argument that claim Rodgers is in no hurry to get the deal done because he gains more and more leverage with each passing day. If you want my opinion, if Rodgers really is a team first kind of guy like so many say he is, he really isn't too concerned about any of it. He knows he will be taken care of eventually and unless he is totally in the dark on how things work in the NFL (or he wants to change it) He understands why the Packers are not rushing into this
I know its the off season and there is nothing else to talk about but I cant wait until tomorrow. When camp starts and the bodies put on pads and start to actually hit each other we can possibly look for a bit of relief from the Rodgers contract saga. At least it might get diluted a bit with all the articles about how the last undrafted rookie is looking like the second coming of whomever and the most recent has been/never quite was is looking like an all pro once again/finally. Contract talks will be put on the back burner (to an extent) and attention will be refocused on how this team looks better than it ever has at whatever position has been a train wreck for too long now. It's that time of year when all 90 some players are potential pro bowlers and at some point some reporter or another is going to mention each and every one of them by name as "looking like it" Players who have barely been a blip on the radar will emerge as budding stars. Fading stars will benefit from a rejuvenation of sorts and shine brightly once again. All this will continue for the next month or so until reality sets in and we will all be left hoping that at least a small percentage of the wonderfulness that is training camp turns out to be true.
I agree with that. In playing some of the devils advocate or seeing both sides, I don't want it to be lost that at the end of the day, Rodgers is a very intelligent,professional and competitor. I'm more excited by the fact that he is going to do everything he can to show GB he's worth more. Things like this motivate this man, they don't distract him
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Deleted member 6794
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The Packers made an operating profit of $34.1 million in the fiscal year that ended March 31.
https://www.packers.com/news/packers-finances-in-good-shape
While the team might have to revert to the reserve fund to pay a massive signing bonus for Rodgers I don't believe they will have any issue coming up with that money.
Andrew Brandt makes some valid points why the Packers and Rodgers haven't agreed to an extension by now in the article linked above.
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HardRightEdge
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I was looking at the prior year annual report: https://shareholder.broadridge.com/pdf/gbp/green-bay-packers-2017-annual-report.pdf
I'm not finding the current year report but I'm sure the link is credible. So, you're right. Profits are down substantially.
Your link notes:
"Expenses increased nearly $45 million, however, for a number of reasons. The personnel changes in football operations, including several on the coaching staff, came at an increased cost." It makes you wonder about the size of Caper's and Thompson's payouts.
They could certainly dip into the reserve to pay Rodgers a whopping signing bonus. However, that is not the purpose of the reserve and would bespeak poor financial discipline. That's not to say it won't happen, but if it does it will be a contentious decision.
I would imagine TitleTown District developments, another round of stadium improvements like the new field and the league wide sharing of expenses in relocating 3 teams had more to do with it than Capers or Thompson. Especially considering Thompson is still with the team and I have heard nothing about him taking more money, taking a pay out or anything contractually with the move.
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HardRightEdge
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"Rodgers recently told Peter King of NBC Sports that he’d be interested in acquiring “more freedom” in his next contract, but Brandt doesn’t see a scenario where the Packers would cave on certain “adjustability” proposals, tied to things such as the salary cap and the quarterback market."
That's an interesting juxtoposition of "freedom" and "adjustability" since they are two different things. "Freedom" suggests a player opt-out option. "Adjustability" suggests something along the lines of the rumored percentage of cap basis for compensation. And those terms fit neatly with the rumors about what Rodgers (or at least his agent) is looking for in a novel contract structure.
Players like signing bonuses because it is risk-free money up front. It also creates salary protection in some subsequent years in the form of dead cap. A player's value for any one particular season is not based on his cap number. It's the cap number minus the dead cap that defines value because that's the cap made available for a replacement if the player is released.
I'm sure Rodgers would want the signing bonus cash money up front and the dead cap protection of that whomping signing bonus. Who wouldn't?
From the team and cap perspectives, a signing bonus is an advance on future earnings. It's difficult to envision a contract structure with a large signing bonus in conjunction with a % of cap escalator since the team does not know the future salary amounts against which they are paying that advance. This factor is futher compounded by the expiration of the CBA after 2020. The NFL has offered an extension on the current terms. The union is saying, "no way, Jose", as they have made clear they'll be negotiating for a bigger piece of the pie.
As for the opt out clause, it would amount to early free agency on steroids at the players option, presumably skirting the team's franchise tag option available in actual free agency otherwise an opt out makes no sense. It gets interesting in how much of the signing bonus Rodgers would have to pay back if he exercised an option in the earlier years of the contract.
Add it all up and from the team perspective and "freedeom" and "adjustability" create serious team uncertainties and planning difficulties.
So, "just pay the man", right? Under these kinds of provisions you don't know what you're paying him or how long he'll be "the man".
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HardRightEdge
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You wouldn't be told anything about Thompson's arrangements any more than you were told how many years Capers might have had left on his contract.
I'm not sure what point you're making about the reloaction fees. They are being paid out over seveal years.
As for the other stuff you mentioned, captial expenditures do not impact earnings. When a corporation buys property, builds a building, buys equipment with an extended useful life, often 3 years or longer, that's a balance sheet transfer of an asset (cash) to another asset category (land, etc.). Building something in the Titletown district would be predominantly a capital expense. I can't say if a new field surface would qualify. It might. Of course such capital expenditures do impact free cash flow.
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Deleted member 6794
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The Packers most likely will have to take money from somewhere else other than the operational profit from the previous season to pay for Rodgers signing bonus. As far as I'm aware the reserve fund presents the only possibility.
The other teams actually get paid money by a team relocating.
gbgary
Cheesehead
so it may not happen this year...good! wait and see what's he's like this year and do the extension next year when there's one year left...like everyone else does.
I don't have any idea what they were paid, or are being paid. I'm not saying what they owed Capers wasn't a factor, I just don't think it was much of one in either them keeping his employment or the overall financial health of the team. Not making the playoffs had an impact without a doubt. If they thought Capers was the reason they weren't winning super bowls and they knew someone that would, he would have been let go sooner.
I don't know anything about fees, maybe I shouldn't bring them up.
I don't know anything about fees, maybe I shouldn't bring them up.
but not right away. That money won't show up for a few years in its entirety
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Deleted member 6794
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The Packers might get a more favorable deal by extending Rodgers now though.
I'm not sure you're right about and at the moment don't have the time to search for details. Maybe i will be able to reply with some detailed information tomorrow.
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Deleted member 6794
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It seems the relocation fees didn't have any influence in the Packers operational profit declining from 2017 to this year as each team will receive a total of $55.2 million each from 2019-2029 but haven't gotten any money so far.
http://www.espn.com/nfl/story/_/id/...st-los-angeles-rams-los-angeles-chargers-645m
http://www.espn.com/nfl/story/_/id/...st-los-angeles-rams-los-angeles-chargers-645m
gbgary
Cheesehead
i think andrew brandt has an article out explaining how it's not good for the Packers.
gbgary
Cheesehead
but the money went on last years books anyway even though they didn't have the money yet. it was a one year aberration...is how i heard andrew brandt explain it.
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Deleted member 6794
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Brandt actually explained that the Packers currently have all the leverage with Rodgers still being under contract for two more seasons.
I don't believe that money the Packers haven't yet received was included in the fiscal report for 2017.
Last night at the shareholders meeting I tried to give Gute a few pointers on negotiating a new contract for Rodgers, even let him in on my killer math skills and borrowed him my calculator. Let him know i was available if he needed me. We got kicked out of the bowl, but I pulled him aside on his way to the media room.
They went over the financials and about all I got out of it, was we're in good shape
Dollars come, dollars go and the GB Packers will always be a reason for people to have a good time. They could grill chicken and 50 thousand people would show up to smell it burning.
They went over the financials and about all I got out of it, was we're in good shape
Dollars come, dollars go and the GB Packers will always be a reason for people to have a good time. They could grill chicken and 50 thousand people would show up to smell it burning.
gbgary
Cheesehead
he said it went on the 16 books so that's why it looked like the team had a loss for 17.
the loss was a one year aberration.
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