ColtFreaks.com - Indianapolis Colts Fan Forum   ColtFreaks.com Home Page

Go Back   ColtFreaks.com - Indianapolis Colts Fan Forum > Indianapolis Colts Fan Forum > Indianapolis Colts Discussion

Reply
 
Thread Tools Display Modes
  #11  
Old 02-13-2019, 08:42 PM
JAFF JAFF is offline
Post whore
 
Join Date: Jun 2018
Location: Indiana
Posts: 5,059
Thanks: 2,388
Thanked 2,514 Times in 1,415 Posts
Wink

Quote:
Originally Posted by sherck View Post
WARNING: Salary Cap Related……profound boredom might overcome you.

Over the first two years as the Colts GM, Chris Ballard structured his veteran contracts in a very specific way. His structure delivered all of a contracts guaranteed money in the first year or two of the contract with no negative cap hit in later years. All contracts paid a level amount or a decreasing amount as the contact ran (i.e. no “ballooning” contracts with big pay outs at the end no one expects the team to honor). Examples of this are:

Jonathan Hankins, 3-year, $27.000m, $9.0m average per year, $10.5m guaranteed in year one (salary + roster bonus) with nothing guaranteed in year two or beyond.

Jabaal Sheard, 3-year, $25.500m, $8.5m average per year, $9.5m guaranteed in year one (salary + roster bonus) and $3.25m of his year two salary guaranteed with zero money guaranteed in year three.

Eric Ebron, 2-year, $13.000m, $6.5m average per year, $6.25m guaranteed in year one (salary + roster bonus) with nothing guaranteed in year two.

Jack Doyle, 3-year, $18.900m, $6.3m average per year, $7.5m guaranteed in year one (salary + roster bonus) with nothing guaranteed in year two or beyond.

Denico Autry, 3-year, $17.800m, $5.9m average per year, $6.5m guaranteed in year one (salary + roster bonus) with nothing guaranteed in year two or beyond.

John Simon, 3-year, $13.500m, $4.5m average per year, $5.5m guaranteed in year one (salary + roster bonus) with nothing guaranteed in year two or beyond.

In the first two years with Ballard as GM, almost all the contracts (except for Sheard) followed the exact same pattern; no signing bonus (spread out over the life of the contract) but instead guaranteed first year salaries and guaranteed first year roster bonuses. The same pattern.

So, why am I bringing this up? Mark Glowinski.

3-year contract

$16.200m total worth (smaller than expected since it was reported as an $18m contract)

Signing Bonus = $4.200m (this is the first veteran signing bonus on a multi-year contract Ballard has done as Colts GM)

Average Cap Hit = $5.400m per year

Year One = $1.500m salary, $1.400m pro rated signing bonus hit, $500k roster bonus = $3.400m cap hit
Year Two = $4.250m salary, $1.400m pro rated signing bonus hit, $500k roster bonus = $6.150m cap hit
Year Three = $4.750m salary, $1.400m pro rated signing bonus hit, $500k roster bonus = $6.650m cap hit

Some Questions:

A) Why a super low salary for year one? A team typically only does this when they need to save cap space in that year, not when they have more than $110m to spend.

B) Why a signing bonus that is now pro-rated across the life of the contract? Why not continue to pay roster bonuses that will not impact future years? The only reason I can think of is that the player needed the money NOW and not in early March (when the new season starts and roster bonus can be paid).

C) Why does he choose now to “balloon” a contract when he did not choose to do so earlier? Sure, it is a small contract and the balloon is tiny (in relation to the size of the cap) but it breaks a pattern Ballard has established.

Not a huge disturbance in the Force but I have zero idea with as much cap space as we have why he broke pattern to give both a signing bonus instead of a roster bonus and to balloon the contract between years one and two to save money in 2019. It makes little sense to me.

Walk Worthy,
1. Glowinski has an agent, so if they wanted to stay in Indy, they may have had some conditions they wanted

2. Could it be due to the new tax rates with the Fed? I can't say I'm up on the changes because my income has not fluxuated much. But it may be better to spread out his contract for an average income rather than taking a big hit on a big bonus?
Reply With Quote
  #12  
Old 02-13-2019, 09:09 PM
omahacolt's Avatar
omahacolt omahacolt is offline
Moderator
 
Join Date: Jan 2017
Location: North Carolina
Posts: 8,217
Thanks: 1,441
Thanked 4,275 Times in 1,745 Posts
Default

Quote:
Originally Posted by smitty46953 View Post
Irsay has a new guitar he is saving for?
I saw him on a documentary playing George Harrison’s Gibson sg. This was 2012 and irsay looked like a completely different person.

That guitar was beautiful.
Reply With Quote
The Following User Says Thank You to omahacolt For This Useful Post:
smitty46953 (02-13-2019)
  #13  
Old 02-15-2019, 02:09 PM
indycolts2 indycolts2 is offline
Member
 
Join Date: Jan 2017
Location: Upstate NY......yes people NYC is not NY State.
Posts: 1,636
Thanks: 107
Thanked 130 Times in 71 Posts
Default

Quote:
Originally Posted by omahacolt View Post
I saw him on a documentary playing George Harrison’s Gibson sg. This was 2012 and irsay looked like a completely different person.

That guitar was beautiful.
Aging is not treating him well at all.
Reply With Quote
  #14  
Old 02-15-2019, 08:06 PM
JAFF JAFF is offline
Post whore
 
Join Date: Jun 2018
Location: Indiana
Posts: 5,059
Thanks: 2,388
Thanked 2,514 Times in 1,415 Posts
Default

Quote:
Originally Posted by indycolts2 View Post
Aging is not treating him well at all.
That's his life catching up with him
Reply With Quote
  #15  
Old 02-15-2019, 11:48 PM
Indiana V2's Avatar
Indiana V2 Indiana V2 is offline
Post whore
 
Join Date: Jan 2017
Location: Goshen, IN
Posts: 5,630
Thanks: 858
Thanked 414 Times in 270 Posts
Default

You may be a nerd, but you're our nerd!
__________________
Irsay and Ballard got the Reich guy!
Reply With Quote
The Following User Says Thank You to Indiana V2 For This Useful Post:
Racehorse (02-16-2019)
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 06:44 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
ColtFreaks.com is in no way affiliated with the Indianapolis Colts, the NFL, or any of their subsidiaries.