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Signings, Cuts, Trades

Dom McRaven said:
Damn right we speaking it into our existence.



Bro shut the fuck up, you sad soyboy and let us have our moment lol.
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Ain’t no hashtag needed for this one: SPEEK IT INTO EXISTENCE
 
Davesta said:
i keep thinking about how chiefs can resign mahomes, Chris Jones and Sammy Watkins when they had like $1,000 in cap to start the off season. If they could pull that off... anything is possible!
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I'm not sure that's accurate.

There's an article from late March where they were down under $1M, but that figure already included a franchise tag amount of $16.1M for Chris Jones (which they subsequently didn't change his 2020 comp when they signed him to an extension). And keep in mind... they didn't resign Watkins. He was already under contract at like a $15M+ cap hit. They got him to take a paycut to stay.

Mahomes deal is backloaded (obviously), so his cap impact on 2020 was a minimal increase. He counts less than $6M this year.
 
I don't think we would even consider restructuring contracts to make space. Mortgaging the future is a great way to close the window, I like to think we have leant our lesson.
 
JoeyFlex5 said:
Damn I should check sources lol. Black Adam schefter posted a straight up lie
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Oh okay it happens. I was excited for a minute, thought they helped fix our problem a bit for us. To be fair, the writing may be on the wall with them cutting Clinton-Dix.
 
JoeyFlex5 said:
Earl Thomas for 8m in Dallas. What does this mean for our cap? Saved 8m this year right?
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It shouldn't decrease this years cap if he signs somewhere. In fact, it would likely increase it.

Assuming he files a grievance this year, he should have a $9M cap charge for 2020 (until he signs somewhere else). That's $5M of his prorated signing bonus + 40% of the grievance filing in dispute ($10M salary x 40% = $4M).

He will also have a $10M dead money cap charge in 2021, for the rest of his bonus proration, regardless of the outcome of the grievance.

The question becomes... how much more will his 2021 cap hit grow? If he won the whole thing, it would be an additional $6M. If its settled in between, it could be smaller.

What we also don't know is if there's offset language. For example, if he signs somewhere else for $5M, he may not be able to "double dip" and file a grievance for $10M against the Ravens. His grievance may be lowered by that amount, so then his grievance becomes $5M, and the Ravens would only carry $2M this year instead of $4M.

As far as I can tell, he hasn't filed the grievance yet, and may be waiting until he signs elsewhere to do so.

That's why some sites have the Ravens with different cap space amounts. Spotrac has the full $15M in dead money on the 2020 books, which doesn't appear correct. I think Overthecap has him at $5M, which is closer to accurate.

And all of this is critical in the context of the group that want us to sign Clowney. The Ravens should be anticipating that their 2020 cap number for Earl (dead money) will increase at some point this season. It would seem it could be as high as $4M. That would take the Ravens available cap space, after final cuts/roster decisions, down below $10M, which wouldn't seem to be enough to land Clowney at this stage.

There's also the school of thought that with the 2021 salary cap almost certainly declining, having multiple big-money players that you'd like to extend, and having the uncertainty of Earl's 2021 cap situation looming (with the potential of at least another $6M going there), that's it's in the Ravens best interest to keep whatever cap space they have available now and roll it forward.
 
rmcjacket23 said:
What we also don't know is if there's offset language. For example, if he signs somewhere else for $5M, he may not be able to "double dip" and file a grievance for $10M against the Ravens. His grievance may be lowered by that amount, so then his grievance becomes $5M, and the Ravens would only carry $2M this year instead of $4M.
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we do know there's offset language - it was widely reported at the time of his cut that there was offset language - so the 10m grievance and the 4m number on the cap this year could both go down if he signs somewhere else - the only thing is that 4m number wouldnt go down until the end of the season when he finishes the 2020 season and the amount of money he earned is completely finalised

whatever holdover amount from that 4m would get rolled over to next year
 
rossihunter2 said:
we do know there's offset language - it was widely reported at the time of his cut that there was offset language - so the 10m grievance and the 4m number on the cap this year could both go down if he signs somewhere else - the only thing is that 4m number wouldnt go down until the end of the season when he finishes the 2020 season and the amount of money he earned is completely finalised

whatever holdover amount from that 4m would get rolled over to next year
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I had the read the same, but I hadn't seen it really "confirmed" yet.

Basically the gist of it is that his 2020 and 2021 cap hits are both likely to go up, rather than down.

Right now he's on the books for $15M the next two years, $5M this year and $10M next year. Those amounts can't decrease, since they're the bonus prorations. The only question is how much of his $10M salary are the Ravens going to have to pay him, and how much will be impacted in 2020 and 2021.

That's partially why the idea of the Ravens having significantly more cap space is a mirage. That $10M savings from this year (currently) would be better used to pay for the $10M cap hit he'll have next year (currently). From a cap management standpoint, you're better off pretending like the cap space you have this year isn't really there. You're just borrowing money this year and owe it next year, except next year, you'll probably have less money to spend.

Its there for an emergency. Signing Clowney isn't an emergency. He's a want, not a need.
 


Starting to lose faith.
 
rmcjacket23 said:
I had the read the same, but I hadn't seen it really "confirmed" yet.

Basically the gist of it is that his 2020 and 2021 cap hits are both likely to go up, rather than down.

Right now he's on the books for $15M the next two years, $5M this year and $10M next year. Those amounts can't decrease, since they're the bonus prorations. The only question is how much of his $10M salary are the Ravens going to have to pay him, and how much will be impacted in 2020 and 2021.

That's partially why the idea of the Ravens having significantly more cap space is a mirage. That $10M savings from this year (currently) would be better used to pay for the $10M cap hit he'll have next year (currently). From a cap management standpoint, you're better off pretending like the cap space you have this year isn't really there. You're just borrowing money this year and owe it next year, except next year, you'll probably have less money to spend.

Its there for an emergency. Signing Clowney isn't an emergency. He's a want, not a need.
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except right now he's also on the books for 40% of the grievance amount so it's actually 19m over the next 2 years right now and it could go up to 25m

he currently counts 4m against the cap while the grievance is sorted - so we got a 6m cap saving but the cap space we currently have wouldnt all be covering him if we lost the grievance - we'd only be due to pay him 6m which would go onto the cap next year (unless the grievance is sorted out in super-quick time - but they normally dont get resolved in the year they happen)

the reason the offset language is important is that if a team gives him 4m for example to play this year - we're off the hook for that 4m whatever happens of the grievance which means 2 things - the grievance amount would go down to 6m total but we'd have already paid 4m of it - if we won the grievance we'd be getting that 4m back and if we lost the grievance we'd only be adding 2m to our cap next year

the offset language really makes a huge difference

but ultimately for 2020 the earl situation is resolved - his figure is unlikely to change this year so he's on our books for the 5m in 2020 and 10m in 2021 that we owe in pro-rated signing bonuses but there's also a 4m cap charge on our books this year for 40% of the grievance amount

those numbers will not change until 2021 even if Earl gets signed somewhere else because the offset amount would get tallied out of what he actually gets paid vs what the contract he signs says (so the accounting can only happen after his season's over)
 
rossihunter2 said:
except right now he's also on the books for 40% of the grievance amount so it's actually 19m over the next 2 years right now and it could go up to 25m

he currently counts 4m against the cap while the grievance is sorted - so we got a 6m cap saving but the cap space we currently have wouldnt all be covering him if we lost the grievance - we'd only be due to pay him 6m which would go onto the cap next year (unless the grievance is sorted out in super-quick time - but they normally dont get resolved in the year they happen)

the reason the offset language is important is that if a team gives him 4m for example to play this year - we're off the hook for that 4m whatever happens of the grievance which means 2 things - the grievance amount would go down to 6m total but we'd have already paid 4m of it - if we won the grievance we'd be getting that 4m back and if we lost the grievance we'd only be adding 2m to our cap next year

the offset language really makes a huge difference

but ultimately for 2020 the earl situation is resolved - his figure is unlikely to change this year so he's on our books for the 5m in 2020 and 10m in 2021 that we owe in pro-rated signing bonuses but there's also a 4m cap charge on our books this year for 40% of the grievance amount

those numbers will not change until 2021 even if Earl gets signed somewhere else because the offset amount would get tallied out of what he actually gets paid vs what the contract he signs says (so the accounting can only happen after his season's over)
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The only possibility of the 2020 number changing is a settlement. The grievance certainly won’t be resolved this year so 2021 is really the only change. And as you said, that’ll depend on offsets, and then we’ll have a better idea what credits or debits there may be.
 
rossihunter2 said:
except right now he's also on the books for 40% of the grievance amount so it's actually 19m over the next 2 years right now and it could go up to 25m

he currently counts 4m against the cap while the grievance is sorted - so we got a 6m cap saving but the cap space we currently have wouldnt all be covering him if we lost the grievance - we'd only be due to pay him 6m which would go onto the cap next year (unless the grievance is sorted out in super-quick time - but they normally dont get resolved in the year they happen)

the reason the offset language is important is that if a team gives him 4m for example to play this year - we're off the hook for that 4m whatever happens of the grievance which means 2 things - the grievance amount would go down to 6m total but we'd have already paid 4m of it - if we won the grievance we'd be getting that 4m back and if we lost the grievance we'd only be adding 2m to our cap next year

the offset language really makes a huge difference

but ultimately for 2020 the earl situation is resolved - his figure is unlikely to change this year so he's on our books for the 5m in 2020 and 10m in 2021 that we owe in pro-rated signing bonuses but there's also a 4m cap charge on our books this year for 40% of the grievance amount

those numbers will not change until 2021 even if Earl gets signed somewhere else because the offset amount would get tallied out of what he actually gets paid vs what the contract he signs says (so the accounting can only happen after his season's over)
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I don't believe he's filed the grievance yet, hence the $4M cap charge doesn't apply (yet).
I suspect he will file this year, but it hasn't happened yet.

I've also read McFarland's piece, and it appears once the grievance is filed, the 40% stays, unaltered, until resolution. So if he files a grievance for $10M, and signs for $5M the same day, the grievance is still $10M, which means $4M goes towards the current year cap.

The difference between the $4M and whatever the settlement is, including any offsets, will go to 2021, or whenever the grievance is finalized (can't see this happening in 2020).
 
Simba said:
The only possibility of the 2020 number changing is a settlement. The grievance certainly won’t be resolved this year so 2021 is really the only change. And as you said, that’ll depend on offsets, and then we’ll have a better idea what credits or debits there may be.
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The moment he files the grievance, the Ravens absorb 40% of the grievance amount. That will likely be in 2020. Expected to be $4M, since I can't imagine he files a grievance for anything less than his full salary.

What the net impact is in total, after he signs elsewhere and the grievance is finalized (almost certainly in 2021), will likely fall on the 2021 cap. If the Ravens were to win the grievance entirely, then they'll get a $4M credit towards 2021.
 
Grim said:
Man, I don't think he's coming here. I don't think we even have any interest, whether due to cap reasons or just simply lack of interest as a whole.
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Yea. I've pretty much given up hope at this point. I just hope he goes to NO and not Tennessee
 
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