Quote:
Originally Posted by Wyatt
@HolderStephen 21m21 minutes ago
Getting details of Johnathan Hankins' 3 yr deal w #Colts. No signing bonus, but $3M '17 base salary and $7M roster bonus guaranteed this yr
@HolderStephen 19m19 minutes ago
Another $4.5M guaranteed in '18. Base salaries in 2018-19 are $7.5M and $8M, respectively.
@HolderStephen 17m17 minutes ago
This structure, even without the signing bonus, still gives Hankins $10M this year. But it helps #Colts in terms of future cap hits.
@HolderStephen
This is the kind of deal you can do when you have a good chunk of cap space, as the #Colts did.
|
The no signing bonus thing is becoming a Ballard feature. He does not want much future cap hit on this year's signings.
2017 Cap Hit = $10.000m (100% guaranteed)
2018 Cap Hit = $12.000m (only $4.500m guaranteed; $7.500m cap space cleared if cut)
2019 Cap hit = $08.000m (no dead cap hit)
So, $14.500m will get paid out and he is playing for the other $15.500m.
I like it.
Cheers,