Diggs restructure back in March?

[pennstate10]

This was discussed in another thread. 
 

Converting salary to bonus can lead to a loss of money for the player. 
 

The bonus is taxed at NYS marginal income rates. About 11%. Whereas salary is taxed at the rate of the state where the game is played. So when Bills play in Texas, which has 0% marginal income tax rate, he keeps more money. 
 

At least that’s how I think it works. 
 

[mrags]

5 minutes ago, pennstate10 said:

This was discussed in another thread. 
 

Converting salary to bonus can lead to a loss of money for the player. 
 

The bonus is taxed at NYS marginal income rates. About 11%. Whereas salary is taxed at the rate of the state where the game is played. So when Bills play in Texas, which has 0% marginal income tax rate, he keeps more money. 
 

At least that’s how I think it works. 
 

Not sure if true but could make a case for being upset that even though he gets more of his money up front, he might lose some money overall and be upset about it. 

[SectionC3]

5 minutes ago, mrags said:

Not sure if true but could make a case for being upset that even though he gets more of his money up front, he might lose some money overall and be upset about it. 

If that’s the issue, then he should have thought of that when he signed the contract.  

[mrags]

1 minute ago, SectionC3 said:

If that’s the issue, then he should have thought of that when he signed the contract.  

🤦‍♂️

[Bleeding Bills Blue]

2 hours ago, mrags said:

Just curious and maybe someone more in tune with nfl contracts and restructures/extensions can answer. 
 

back in March, when the Bills restructured Diggs contract, converting salary to bonuses, do the Bills have the right to just restructure in any way chose to make it work? Or is that something Diggs had to approve? 
 

reason for my thought on this, is if Diggs possibly was disgruntled since the Bengals game, and was maybe expecting or hoping to be traded, and now with the restructure it essentially eliminates any possibility that he would be traded due cap/dead cap. 
 

I thought this deserved its own thread instead of getting completely lost in the other Diggs threads. 

 

All they're doing is taking salary and turning it into a bonus - thus guaranteeing future earnings.  

[mrags]

2 minutes ago, Bleeding Bills Blue said:

 

All they're doing is taking salary and turning it into a bonus - thus guaranteeing future earnings.  

So, to the original question. Does Diggs have to approve of the change? Is he even asked about it or can the team just do it at their own will. 

[Bleeding Bills Blue]

Just now, mrags said:

So, to the original question. Does Diggs have to approve of the change? Is he even asked about it or can the team just do it at their own will. 

 

He has to sign it as its a restructure of his contract and how he is paid.  

[mrags]

6 minutes ago, Bleeding Bills Blue said:

 

He has to sign it as its a restructure of his contract and how he is paid.  

And according to the link provided it states he doesn’t need to if it was a minimal restructure. 
 

so I guess the question is, does anyone know, or did anyone document back in March if Diggs was approached about the restructure, or if he did approve of it? 

[UConn James]

1 hour ago, NoSaint said:

I would assume it’s very rare not to talk to the player. Just because it fits your plans doesn’t mean it fits theirs long term. Making 7 figure (occasionally 8 figure) decisions is something you chat about. 
 

if nothing else a chance to say “we see you as a cornerstone, thank you, your cash is headed your way early”

Unless you’re talking to Stephon Gilmore. The Pats* did a restructure on him a few years ago and then he started a sulk-fest about how he was not being paid that year. 
 

Pats*: You got your money early. It’s all there.

StephG: Yeah, but I’m not being paid as much now.

Pats*: But you ALREADY GOT IT! We just paid it to you this spring as a bonus conversion to save cap space.

StephG: But I’m not being paid as much this year.

Pats*: We literally just gave you like $25M. Instead of paying you later, we just paid it to you now.

StephG: But I’m not going to be paid later.

Pats*: That’s because we paid it to you NOW.

StephG: But I want to be paid later too.

Pats*: OhFFS 🤦🏻‍♂️

 

Maybe it’s a thing with people named Stephon that they don’t understand how the whole money thing works?

 

[John from Riverside]

2 hours ago, JESSEFEFFER said:

My theory.  Josh was bypassing the gimme layups and taking many more deep shots.  It was a trend the last part of the season.  One might think that Diggs was pissed that Josh kept taking those shots which, for the most part, were not to him very often.  The offense was having protection problems and Josh was not attempting to get the ball out any quicker.  One might call that stubborn or even selfish in some respects.  But, this trend seemed connected close in time to his elbow injury which might have made certain types of throws more problematic.

I would hope that Diggs is smarter than this whenever Josh heard that elbow the shorter stuff became painful. Well as the longer throws did not cause as much pain

 

Extremely pissed at diggs right now. You don’t give a huge contract to a player like this and have them be a non-leader like he’s being right now he should be with his teammates, even if he isn’t on the field practicing he should be right there with them.

[BringBackFergy]

Ridiculous. So the “no show” theory in this thread is: he was paid some of the money up front instead of being paid over the next few years. So he’ll be taxed at a higher rate. LOL. 
 

Meanwhile, if he cracks a femur this season, he’ll be quite happy with an extra $6 mill in his pocket. 😂 

 

Poor Lamar. Poor Stef. 
 

Pre-Madonnas that don’t understand the time value of money. 

[JoPoy88]

47 minutes ago, BringBackFergy said:

Ridiculous. So the “no show” theory in this thread is: he was paid some of the money up front instead of being paid over the next few years. So he’ll be taxed at a higher rate. LOL. 
 

Meanwhile, if he cracks a femur this season, he’ll be quite happy with an extra $6 mill in his pocket. 😂 

 

Poor Lamar. Poor Stef. 
 

Pre-Madonnas that don’t understand the time value of money. 

“pre-madonnas” - nice callback.

[Aussie Joe]

3 minutes ago, JoPoy88 said:

“pre-madonnas” - nice callback.

Diggs is setting himself up to be the escape goat this year 

Edited June 13, 2023 by Aussie Joe

[JoPoy88]

1 minute ago, Aussie Joe said:

Diggs is setting himself up to be the escape goat this year 

Perfect 👍 

3 hours ago, mrags said:

And according to the link provided it states he doesn’t need to if it was a minimal restructure. 
 

so I guess the question is, does anyone know, or did anyone document back in March if Diggs was approached about the restructure, or if he did approve of it? 

doesn’t matter. They were doing it either way. He “approved” it when he signed his deal.

[Jerome007]

3 hours ago, pennstate10 said:

Converting salary to bonus can lead to a loss of money for the player. 
 

The bonus is taxed at NYS marginal income rates. About 11%. Whereas salary is taxed at the rate of the state where the game is played. So when Bills play in Texas, which has 0% marginal income tax rate, he keeps more money. 
 

At least that’s how I think it works. 

Hum. Never thought of this. Possible. But till Diggs actually, you know, publicly adresses this, we will never know what the reason is. I never went for the "Diva" tag he got from his time in Minnesota, but it's looking as he had just found a way to contain this till last game... and since...

 

He's paid very well, is a prime target in a passing team, has got JA17 throwing it to him. What more does he want?

Edited June 13, 2023 by Jerome007

[mrags]

7 minutes ago, JoPoy88 said:

Perfect 👍 

doesn’t matter. They were doing it either way. He “approved” it when he signed his deal.

That’s not an answer to the question I asked. Thanks for the input 

1 hour ago, BringBackFergy said:

Ridiculous. So the “no show” theory in this thread is: he was paid some of the money up front instead of being paid over the next few years. So he’ll be taxed at a higher rate. LOL. 
 

Meanwhile, if he cracks a femur this season, he’ll be quite happy with an extra $6 mill in his pocket. 😂 

 

Poor Lamar. Poor Stef. 
 

Pre-Madonnas that don’t understand the time value of money. 

https://www.walmart.com/browse/health/latex-disposable-gloves/black/976760_2571007_6523208/Y29sb3I6QmxhY2sie

[JoPoy88]

2 minutes ago, mrags said:

That’s not an answer to the question I asked. Thanks for the input 

https://www.walmart.com/browse/health/latex-disposable-gloves/black/976760_2571007_6523208/Y29sb3I6QmxhY2sie

Didn’t several people already answer your question? And you keep repeating it? Like what aren’t you getting?

Edited June 13, 2023 by JoPoy88

[mrags]

4 minutes ago, JoPoy88 said:

Didn’t several people already answer your question? And you keep repeating it? Like what aren’t you getting?

Actually nobody answered if Diggs signed his restructured deal. People actually didn’t confirm anything that was asked. Only the possibility of what could have happened. Thanks for your input again. I’m not sure what you aren’t getting by continuing to come back to this thread and not answer the question that was asked. But thanks again for playing. 

[JoPoy88]

4 minutes ago, mrags said:

Actually nobody answered if Diggs signed his restructured deal. People actually didn’t confirm anything that was asked. Only the possibility of what could have happened. Thanks for your input again. I’m not sure what you aren’t getting by continuing to come back to this thread and not answer the question that was asked. But thanks again for playing. 

Playing what? We’re playing the game of trying to explain something to you that you clearly can’t understand. So, you’re welcome?

[maddenboy]

3 hours ago, Bleeding Bills Blue said:

 

He has to sign it as its a restructure of his contract and how he is paid.  

except, the contract itself can provide, for valuable consideration, that it is a team option to restructure. 

 

ex:  Addendum Q.  player herein agrees that CLUB may, at anytime and for any reason, with or without notice to Player, restructure the payments due under this contract, according to the following formula:

 

blah blah blah.

 

---

Phone call to Agent:  "hey Agent, just letting you know we're gonna go ahead and exercise Addendum Q.  We're gonna do it March 15.  We'll give you a reminder on the day before we do it.  Thanks buddy"

 

Agent: "thanks Beane.   We'll go ahead and announce that we have agreed to restructure"

 

Beane:  "sure.  fine.  whatever."   [even though technically, you 'agreed' to this when you signed the original contract]

 

Edited June 14, 2023 by maddenboy