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-   -   Colts sign LS Luke Rhodes to contract extension (http://www.coltfreaks.com/forum/showthread.php?t=167216)

AlwaysSunnyinIndy 09-08-2023 02:58 PM

Colts sign LS Luke Rhodes to contract extension
 
https://twitter.com/TomPelissero/sta...16827257794726

Quote:

Another record-breaking contract:

The Colts signed LS Luke Rhodes to a four-year, $6.465 million extension through 2027, per his agent.

Rhodes gets $2.5M guaranteed, including a $1.1M signing bonus.

The NFL's new highest-paid long snapper.
https://twitter.com/mchappell51/stat...21291519725687

Quote:

Colts have excelled at finding top-tier LS and keeping him.

*Luke Rhodes: 2017-present (97 games)

*Matt Overton: 2012-2016 (80 games)

*Justin Snow: 2000-11 (192 games, T-8th in club history)

*Bradford Banta: 1994-1999 (92 games, several at TE)

Discflinger 09-08-2023 06:56 PM

Congrats to Luke of The Luke.

Brylok 09-08-2023 08:35 PM

Taylor is probably fuming. Ha

Oldcolt 09-08-2023 10:37 PM

It does seem to undercut the argument that since A) we sucked so bad last year and B) we have a new coach and system we will not give out contract extensions.

IndyNorm 09-08-2023 11:04 PM

Quote:

Originally Posted by Oldcolt (Post 273535)
It does seem to undercut the argument that since A) we sucked so bad last year and B) we have a new coach and system we will not give out contract extensions.

Kind of I guess, but the role and fit for a long snapper doesn't really change no matter who the head and ST coaches are.

Oldcolt 09-08-2023 11:10 PM

At his press conference Ballard, when asked why no new contracts said "We won four games". That seemed to be the main point. Agreed that if you are a long snapper you don't really have a scheme.

CletusPyle 09-09-2023 12:06 AM

Luke Rhodes couldn't carry Justin Snow's jock!:cool:

Ironshaft 09-09-2023 08:54 AM

Quote:

Originally Posted by Brylok (Post 273532)
Taylor is probably fuming. Ha

To be fair, if JT wants to sign a contract extension that averages just over $1.6m a year, I am all for it!! :)

IndyNorm 09-09-2023 09:25 AM

I also should point out that Rhodes is already making $1.2M this season and the vet minimum for next year for someone with his service time is pretty much the same. I would guess his salary increases each year in his new deal, but not seeing the annual breakdown of his contract anywhere. So assuming a simple average he'll jump to a ~$1.6M annual cap hit in beginning in '24. $400K against the cap isn't shit.

IndyNorm 09-09-2023 09:27 AM

Quote:

Originally Posted by Ironshaft (Post 273542)
To be fair, if JT wants to sign a contract extension that averages just over $1.6m a year, I am all for it!! :)

Or even the 25% increase on what JT's currently making.

AlwaysSunnyinIndy 09-09-2023 09:40 AM

Quote:

Originally Posted by IndyNorm (Post 273543)
I also should point out that Rhodes is already making $1.2M this season and the vet minimum for next year for someone with his service time is pretty much the same. I would guess his salary increases each year in his new deal, but not seeing the annual breakdown of his contract anywhere. So assuming a simple average he'll jump to a ~$1.6M annual cap hit in beginning in '24. $400K against the cap isn't shit.


There is a vet minimum salary table here:

https://www.spotrac.com/nfl/cba/minimum/


If you tally up the amounts for the next several seasons based on Rhodes' increasing number of years of service, it rolls up to about $5.1M.

Compare that with the numbers Pelissero reported - $6.46M total with $1.1M as a signing bonus. Without seeing the actual contract numbers yet, it would appear that the premium above the vet minimum is mostly going to his signing bonus.

IndyNorm 09-09-2023 04:06 PM

Quote:

Originally Posted by AlwaysSunnyinIndy (Post 273546)
There is a vet minimum salary table here:

https://www.spotrac.com/nfl/cba/minimum/


If you tally up the amounts for the next several seasons based on Rhodes' increasing number of years of service, it rolls up to about $5.1M.

Compare that with the numbers Pelissero reported - $6.46M total with $1.1M as a signing bonus. Without seeing the actual contract numbers yet, it would appear that the premium above the vet minimum is mostly going to his signing bonus.

So it's actually ~$340K/yr above the vet minimum which is even better.

It's funny a friend of mine was all pissed off about this and calling me a Ballard homer b/c I disagreed with him. And I was like:

- LS isn't that important unless you don't have at least a decent one. Then it's a big issue.

- If you don't "pay" Rhodes then you're going to have to bring in someone else and pay them at least the rookie or vet minimum. Even with the extension the amount Rhodes is making over either of those is so insignificant that it's worth not taking the risk you take on from trying to replace him.

JAFF 09-09-2023 04:16 PM

Quote:

Originally Posted by IndyNorm (Post 273572)
So it's actually ~$340K/yr above the vet minimum which is even better.

It's funny a friend of mine was all pissed off about this and calling me a Ballard homer b/c I disagreed with him. And I was like:

- LS isn't that important unless you don't have at least a decent one. Then it's a big issue.

- If you don't "pay" Rhodes then you're going to have to bring in someone else and pay them at least the rookie or vet minimum. Even with the extension the amount Rhodes is making over either of those is so insignificant that it's worth not taking the risk you take on from trying to replace him.

Its not just snapping. On punt coverage, the center is not cover, so he is the middle field gunner. Busting ass once the punt is gone he can force a fair catch or early tackle.

Can anyone here recall the last bad snap on a field goal or a punt? If the answer is no, thats why he is getting paid.

IndyNorm 09-09-2023 04:31 PM

Quote:

Originally Posted by JAFF (Post 273573)
Its not just snapping. On punt coverage, the center is not cover, so he is the middle field gunner. Busting ass once the punt is gone he can force a fair catch or early tackle.

Can anyone here recall the last bad snap on a field goal or a punt? If the answer is no, thats why he is getting paid.

Absolutely.

Oldcolt 09-09-2023 05:32 PM

I don't think anyone who is reasonable would think that Rhodes is overpaid. I am glad they redid him. The timing is just weird. You are in the middle of tough negotiations with JT and have said that you don't want to redo his contract because of some weird reason (because he is a running back?). I have to believe that they wouldn't have done this this early if they were not going to offer JT something. They could have agreed to this with Rhodes and announced it after the JT situation was resolved. As it is this, if they keep telling JT that they won't redo his contract after redoing so many others (Rhodes this year and many others over the last few years) I think he has a beef. Time will tell if the Colts have a plan or if they just don't give a shit about JT at this point.

Chromeburn 09-09-2023 06:32 PM

If my kid plays ball I’ll tell him to develop his long snapping skills. Every team needs one and probably a lot less competition for it than other positions.


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