*******The Official Houston Texans 2023: The reign of Meco thread************

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Ryan34
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In reply to ATM9000 • 10:14a, 4/6/24
AG
ATM9000 said:
LincolnBorglum79 said:
The dead cap hit is in 2024. No cap hit in future years Moving the small amount of guaranteed money from 25 to this year was necessary to clear the future. It's a true 1 year contract now with the right to franchise tag him if desired.

If he has a great year and wants to stay the Texans will know how Nico and Dell and Diggs worked together and which ones if not all they want to keep.

Maybe they let Diggs go sign elsewhere and trade for olave or Wilson. WR seems to be a very plentiful position right now so I have no worries they will be fine after this year. Noah Brown or Metchie may develop with another year too.


To be clear, dead cap is merely a cap hit a team takes for guaranteed money on contracts in the NFL for players no longer on their roster… so I don't think you are quite using the term properly.

The Bills are taking a dead cap hit of $31m of the guaranteed money Diggs was paid that was scheduled to pro-rate the next few years.

When they traded Diggs to the Texans, all that has happened is the Texans effectively agreed to give Diggs his guaranteed money in 2025 in 2024 and there's no obligations after that. The only way the Texans will have 'dead cap' for Diggs on this contract is if they decide to cut him midseason in 2024 and that dead cap is only in 2024.

If the tweet above is correct and we added void years, then we would get a dead cap hit in 2025 if we don't resign him. That's what happened to Minnesota with Kirk Cousins' contract. But it reduces Diggs' 2024 cap # for the Texans.
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Ryan34
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10:26a, 4/6/24
AG
By adding 4 void years and converting most of his salary to a signing bonus, that $20.805 will get prorated like a 5 year contract. Thus, his 2024 cap hit is:

Prorated signing bonus: $20.805 / 5 = $4.161M
Base salary: $1.21M
Workout bonus: $0.25M
Per game incentives: $0.255M

$4.161 + $1.21 + $0.25 + $0.255 = $5.876M total cap # for 2024.


If we don't resign him, we would take the rest of the prorated signing bonus as a dead cap hit in 2025.

Potential 2025 dead cap hit: $20.805M / 5 * 4 = $16.644M

Again assuming Field Yates' info is correct.
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thann07
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In reply to Ryan34 • 11:22a, 4/6/24
AG
That would make it seem like there is still more to be done this offseason.
I generally don't care for the idea of creating future dead money. Keeping that off the books should always be avoided in my book (unless you're in win now mode). Seems like the Texans should be taking a longer term view of their competitive window with the current roster makeup.
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Ryan34
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In reply to thann07 • 12:46p, 4/6/24
AG
thann07 said:
That would make it seem like there is still more to be done this offseason.
I generally don't care for the idea of creating future dead money. Keeping that off the books should always be avoided in my book (unless you're in win now mode). Seems like the Texans should be taking a longer term view of their competitive window with the current roster makeup.

Yep, definitely seems like it is freeing up space to potentially make another move. Probably after the draft.

I'm not crazy about the dead cap risk, but I think $16.6M is less than what his cap hit would have been if we had kept him under his current contract. Of course, it's more than simply cutting him. It's a risk, but not an outlandish one IMO.

Also a good example of the 48 hour rule. Lots of critique of the contract change without having all the details.
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All I do is Nguyen
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3:56p, 4/6/24
Howdy ya'll! I come in peace (Current cowboys fan) because I am seriously debating switching teams.

A little backstory, I have always supported both Texas teams, but mainly been a Cowboys fan because thats what I grew up around. After seeing the Texans last year, being a huge fan of CJ Stroud, and seeing how yall traded for Diggs while the Cowboys haven't done a damn thing all off season, is seriously making me reconsider my main team.

Couple what I just said with DECADES of disappointment, first round exits and Jerruh jones promising the world and delivering nada, I am honestly just fed up. I want a team to cheer for that makes watching football fun, and right now the Cowboys aint it.
No matter what!
Epstein didn't do, you know, the thing...
I'm the rare Astros/Cowboys/Spurs fan. We do exist
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Yoda
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In reply to All I do is Nguyen • 4:05p, 4/6/24
AG
Welcome aboard. You know what they say… If you want a peaceful and happy existence, put your heart into being a die hard fan of a Houston NFL team.
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Texan_Aggie
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4:30p, 4/6/24
AG
There is no dead cap in 2025 for Diggs and he will be a UFA.
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All I do is Nguyen
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In reply to Yoda • 4:32p, 4/6/24
Now we all know that's not true about ANY sports team lol
No matter what!
Epstein didn't do, you know, the thing...
I'm the rare Astros/Cowboys/Spurs fan. We do exist
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Ryan34
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In reply to Texan_Aggie • 4:41p, 4/6/24
AG
Texan_Aggie said:
There is no dead cap in 2025 for Diggs and he will be a UFA.

I haven't seen anyone else confirm what Field Yates said about us adding void years, but if he's right, then yes that does have dead cap implications.
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Texan_Aggie
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4:45p, 4/6/24
AG
Both Spotrac and Over The Cap show $0 dead cap in 2025.
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Ryan34
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In reply to Texan_Aggie • 4:57p, 4/6/24
AG
Texan_Aggie said:
Both Spotrac and Over The Cap show $0 dead cap in 2025.

So either they are wrong or Field Yates is wrong. But Yates' tweet was midday yesterday, so could just be that the other sites haven't caught up yet. Yates isn't exactly a nobody.
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LincolnBorglum79
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8:18a, 4/7/24
AG
I trust the Texans judgment since they actually know the implications of voiding the remaining years vs a reporter speculating what might be the result of this action.

If Buffalo is taking a cap hit of $31 M next year, logically it's hard to see Houston taking a huge cap hit as well. I admit I don't understand the whole dead money process but I trust the Texans do and wouldnt have voided the years if it didn't make sense.
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Ryan34
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In reply to LincolnBorglum79 • 10:08a, 4/7/24
AG
LincolnBorglum79 said:
I trust the Texans judgment since they actually know the implications of voiding the remaining years vs a reporter speculating what might be the result of this action.

If Buffalo is taking a cap hit of $31 M next year, logically it's hard to see Houston taking a huge cap hit as well. I admit I don't understand the whole dead money process but I trust the Texans do and wouldnt have voided the years if it didn't make sense.

Voiding the remaining years and adding void years to the contract are not the same thing. The former simply shortens the contract with no impact to cap #, while the latter allows the team to prorate signing bonuses over a longer term, thus reducing the cap # this year. The drawback to void years is the potential dead cap hit if the player leaves.

NFL.com also reported that we added 4 void years to the deal:

https://www.nfl.com/news/texans-adjust-stefon-diggs-contract-after-trade-clearing-path-for-wr-to-be-free-agent-in-2025

That's both ESPN and NFL.com reporting the same info. Over The Cap also shows Diggs' cap number as $5.876M for this year and $16.644M next year, the same as I calculated out above.

So basically we restructured Diggs' contract to add more cap space to 2024.
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Ryan34
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10:12a, 4/7/24
AG
With the Diggs restructure, Over The Cap says we have about $24M left in cap space. Plenty of space to make some more moves. 8th most cap space remaining.
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Texan_Aggie
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6:16p, 4/7/24
AG
I think we go quiet until camp cuts. Don't see a place for Robert Woods, but do expect a veteran open to playing around that time will buy into us being a contender.

Should be a fun year.
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LincolnBorglum79
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11:32p, 4/8/24
AG
So the bottom line is we are paying Diggs about $22.5 million for one season hoping he is a top 5 receiver or the trio of Diggs, Collins and Dell are the top receiving corps in the AFC next year. We still have room to sign other players and our draft picks and maybe a player or two cut in the preseason.

I'm looking forward to the draft and seeing other veterans we may still add to fill any gaps.
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JCA1
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2:19p, 4/9/24
AG
I admittedly am not a cap guy but spotrac seems to show a $16 mill dead cap hit next year for Diggs. Which does make some sense. I don't see how we can rip up his contract, pay him over $20 mill for the upcoming season and just have a one-time sub-6 mill cap hit.
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MaxPower
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In reply to JCA1 • 3:51p, 4/9/24
Correct. Basically we can make a move if we want or roll forward however much we went under this year to the cap next year (effectively covering that dead cap amount). Caserio has to keep in mind he has $16M less to work with next year though so signing someone long term may not be feasible.
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James Forsyth
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10:58a, 4/10/24
By moving Diggs to effectively a one-year deal, do the Texans get a compensatory pick if he were to sign else in free agency?
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AgLA06
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11:05a, 4/10/24
AG
Yah, I've read all the takes and I still don't see how the restructuring is a positive for the Texans.

We gave up club control by eliminating the club options for the next 2 years. He would have been a FA if we didn't execute the option and so he essentially already had the incentive to play like it was a contract year.

The only thing I can think of is he threatened to hold out if we didn't. Which doesn't bode well.
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Cartographer
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11:22a, 4/10/24
I'd bet this was negotiated with his agent ahead of time. In the end, the money has to go somewhere and that price was going to be too high for the Texans to pay for an aging receiver.

You have to eat some of the cap but not the entire hit all at once, the totality of his contract the next two years.

I don't think you need team control for a guy you always wanted 1 year from.
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Snake Jazz
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In reply to Cartographer • 11:27a, 4/10/24
AG
Cartographer said:
I'd bet this was negotiated with his agent ahead of time. In the end, the money has to go somewhere and that price was going to be too high for the Texans to pay for an aging receiver.

You have to eat some of the cap but not the entire hit all at once, the totality of his contract the next two years.

I don't think you need team control for a guy you always wanted 1 year from.
But was it wise to trade a second round pick to rent a player for a year? I just don't feel good about that.
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The Porkchop Express
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In reply to Snake Jazz • 11:33a, 4/10/24
AG
Snake Jazz said:
Cartographer said:
I'd bet this was negotiated with his agent ahead of time. In the end, the money has to go somewhere and that price was going to be too high for the Texans to pay for an aging receiver.

You have to eat some of the cap but not the entire hit all at once, the totality of his contract the next two years.

I don't think you need team control for a guy you always wanted 1 year from.
But was it wise to trade a second round pick to rent a player for a year? I just don't feel good about that.
When he had 3 TD catches in the AFC title game next January you'll feel better.
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Cartographer
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In reply to Snake Jazz • 11:40a, 4/10/24
This is the same argument used against the WAJ trade.

In Nick I trust.
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Max Power
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In reply to Snake Jazz • 4:12p, 4/10/24
AG
Snake Jazz said:
Cartographer said:
I'd bet this was negotiated with his agent ahead of time. In the end, the money has to go somewhere and that price was going to be too high for the Texans to pay for an aging receiver.

You have to eat some of the cap but not the entire hit all at once, the totality of his contract the next two years.

I don't think you need team control for a guy you always wanted 1 year from.
But was it wise to trade a second round pick to rent a player for a year? I just don't feel good about that.
Try not to think of it that way.

Try to think that Nick Caserio traded Cleveland's 2024 first round pick into:
Stefon Diggs
Minnesota's 2024 2nd round pick (No. 42)
Minnesota's 2024 6th round pick (No.188)
Buffalo's 2024 6th round pick (No. 189)
Buffalo's 2025 5th round pick

To back up Caserio, Watson has played a grand total of 12 games for Cleveland since the trade took place on March 18, 2022. He's thrown 14 TD's, 9 picks, and a total of 2217 yards (184.8 per game).

CJ by comparison played in 15 regular season games as a rookie, threw for 23 TD's, 5 picks, and 4108 yards (273.9 per game). Played in 2 playoff games, winning the first, threw for another 449 yards with 3 TD's and no picks.
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wilecoyote
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In reply to The Porkchop Express • 5:12p, 4/10/24
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lunchbox
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5:21p, 4/10/24
Sounds like Houston will have a 3rd helmet this yr.

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Tx_Aggie15
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In reply to lunchbox • 5:24p, 4/10/24
AG
I have a feeling we are going to get a white lid
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lunchbox
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In reply to Tx_Aggie15 • 5:25p, 4/10/24
Tx_Aggie15 said:
I have a feeling we are going to get a white lid
I'm fine with that as long as it has the logo and not the gothic script 'H' or 'HTX'
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Tx_Aggie15
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In reply to lunchbox • 5:26p, 4/10/24
AG
100% agreed. That would be a waste
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lunchbox
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5:52p, 4/10/24
Maybe it will be a not-Columbia blue helmet…
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Ryan34
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6:51p, 4/10/24
AG
I think y'all are misreading the Diggs situation.

https://overthecap.com/creating-cap-space-by-extending-players-with-void-years/amp

Quote:
One of the big questions I get over and over this time of year is about void years in player contracts and what that means for the salary cap charge of the player. Basically, the void year is a fake contract year used for the sole purpose of parking salary cap charges and when the contract expires whatever cap numbers are in those void years accelerate to the current season.

We account for these differently than the NFL which leads to discrepancies in reports from time to time. We include the salary cap charge to reflect the contract voiding since over 80% of the time that is what happens. The NFL doesn't change the salary cap charge for the player until the contract actually voids, a date that can be as late as the first day of free agency. The other 20% of the time players sign an extension to remove the void years and we update when the details of the extension are known.

We have a record of 73 contracts that are set to automatically void in 2024. I wanted to look at just how much could be saved by extending players before their contract voids and see what teams can save the most by retaining these players.

No team can save more than the Vikings who can prevent over $30 million in salary cap charges from hitting the cap in 2024 by extending three players. Kirk Cousins has $28.5 million in dead money staring the Vikings in the face. If they decide to run it back with him they will only need to account for $10.25 million plus whatever other cap charges a new contract would hold. Danielle Hunter has nearly $15 million hitting the cap and the team could save $7.5 million with an extension. Finally the team could prevent $5.1 million from accelerating from Marcus Davenport's contract.

To me, this is nothing more than a salary cap trick so we can make additional moves this year. Plus, we have an incentive to resign Diggs. If he walks, he costs $16.644M against our cap next year. If he signs, he only costs $4.161M plus whatever the new contract gives him.

Hypothetically, if we give him a $12M signing bonus and $8M base salary, his new cap number would be $8M + $4.161M + $3 ($12M / remaining years) = $15.161M. So we could give him another $20M in real cash and still cost less on the books than letting him leave. And that's still less than his cap # on the previous deal.

Obviously, Caserio is gambling that he can resign Diggs, but I wouldn't assume this is intended to be a 1 year rental like many seem to be. It could result in keeping Diggs at a lower cap # and adding another player in 2024 as well.
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Ryan34
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6:54p, 4/10/24
AG
Also, this is another example of how the "salary cap" in the NFL is a sham.
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JCA1
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In reply to Cartographer • 6:57p, 4/10/24
AG
Cartographer said:
This is the same argument used against the WAJ trade.

In Nick I trust.


Who argued WAJ was a one year rental player? That makes no sense.
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Cartographer
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In reply to JCA1 • 7:04p, 4/10/24
Argument that the future value of the picks is worth more than the asset obtained. I'm not sure on this one, so I'll go with Nick's judgement.
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