Dumb question, so I apologize. But could someone explain NFL contracts to me like I'm five and how it affects the salary cap?
If someone signs a 5 year deal worth $100 million split evenly over the five years with 40 million of it guaranteed and a 5 million dollar bonus.
And then when deals are "restructured" how is the salary cap affected? And does Salary Cap hit = money paid to the player for that league year?
And how does converting salary to a bonus affect it?
Everyone on twitter and media talk about things like this but I haven't been able to find someone to explain how it all fits together.
If someone signs a 5 year deal worth $100 million split evenly over the five years with 40 million of it guaranteed and a 5 million dollar bonus.
- How is the salary cap affected?
- How does the bonus affect the guaranteed money?
- How does the guarantee work?
- Does the contract have to dictate which dollars are guaranteed and which aren't?
- If the player fulfills the first year of his contract, does that mean he has 20 million left of guaranteed money (or 15 million if the 5 million bonus is part of the guarantee) on his contract?
And then when deals are "restructured" how is the salary cap affected? And does Salary Cap hit = money paid to the player for that league year?
And how does converting salary to a bonus affect it?
Everyone on twitter and media talk about things like this but I haven't been able to find someone to explain how it all fits together.