Shoot the Hostage
Pop Quiz Hotshot:
Steve Hutchinson signs with the Minnesota Vikings for 49 Million dollars over 6 years. 16 Million of it is guaranteed, and a large portion of it is in the form of a roster bonus. The roster bonus can not be pro-rated.
You have 16 million in cap room, but still need to fill multiple other holes, like a wide receiver, a safety and a cornerback
You have 7 days to resign him or let him go.
What do you do? What do you do?
Steve Hutchinson signs with the Minnesota Vikings for 49 Million dollars over 6 years. 16 Million of it is guaranteed, and a large portion of it is in the form of a roster bonus. The roster bonus can not be pro-rated.
You have 16 million in cap room, but still need to fill multiple other holes, like a wide receiver, a safety and a cornerback
You have 7 days to resign him or let him go.
What do you do? What do you do?
posted by Casey at 12:45 PM
9 Comments:
I love it when Jayne tries the sports post. always entertaining.
Lets break this down
1st of all
7 years 49 Million
10 million signing bonus
6 Mill roster Bonus in 2006
33 million over 7 years Salary
As a transition player, Hutch was already counting 6.3 million vs the cap this year due to the tag.
Signing Bonus can be prorated over 5 years according to the new CBA. thats 2 million a year 10/5=2mill
So roster bonus plus signing bonus, Hutch is at 8 mill for this season. You already has 6.3 mill committed, so his cap number goes up 1.7 million.
Now take the 33 million over 7 year. Most NFL Contracts backload a good portion, allowing a 30% increase over the 7 years
Without doing the math. The contracts 1st year of salary of only about 1.25 million (2 million with 30% increases would total about 41 mill)
so the yearly totals probably look like
Year (Million in salary)
1 1.25
2 1.75
3 2.25
4 3.5
5 5.75
6 8.0
7 11.5
So the worst year of the contract this year would be a 8 mill in bonus plus probaby 1.25 mill in salary. since he already counts 6.3 mill. you will pay an extra 2.95 mill this year against the cap.
Thats capology 101 by Goose.
Now on with the discussion.
Goose, preparing for his next job as an NFL executive. Nice work.
Whatever you do, TP... don't tell us what you would do. That might actually take an opinion or original thought about something Sci-fi or non comic book related thought.
If the contract breaks down like above.
Sign him. No question about it. Match the offer Then restructure the contract or cut after year 4.
Your window of opportunity is now. We should take advantage.
comic book boys are on sports today. we're on fiiiiire.
My thoughts on this. I believe that it's alot of money but he is a talent you just dont pass up on. I gotta say we have the tools in the drawer still to reload for another run. His is a tool we can't lose. We dont need much more then that and L Milloy ( home town discount) + a wide reciever.
Train brings up some good points. Hutch is flexible. The question is, will the team pay to get him. They still need a lot more and you don't want to blow your cap room for just one guy when there are three or more pieces you still need to fit in. Please don't flush down your chances to keep this team elevated to one of the elites.
I have mixed feelings on this.....word on the street is that Hutch and his agent facilitated this deal and structured the offer in a way that would make it almost impossible for the Hawks to match.
Right now...the jury is still out...but if this is actually the case, then I say EFF YOU Steve Hutchinson. Have a good time freezin' your $49 million balls off in Minnesota buttface. You obviously aren't the kind of guy that I thought you were....people were talking about Shaun not being a team player....but wow, this takes the cake!
Oh...and if it's not the case....and that is just a dirty, dirty rumor.....then we still love you....now bring your ass back here and lets go back to the Super Bowl!
GO HAWKS!
Oh...I forgot to really mention the part that pisses me off the most....the whole idea of this "poison pill" clause making his ENTIRE contract guaranteed at the exact moment that he is no longer the highest paid player on the team.....well, if that holds up...and the Seahawks sign him....that would be immediately. So he would be GUARANTEED $49 million even if he suffers a (god forbid) career ending injury early next season.
Although I'm not a big Steve Kelley fan normally... he wrote a good article on the Hutch transition signing problem in today's Times.
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