Salary cap question, Leonard Floyd’s dead cap

[Buffalo_Stampede]

Leonard Floyd’s contract voids today. Costing us $4.3 in dead cap space for 2024.

 

If we re-sign him later does that erase the dead cap?

 

 

[cle23]

I can't see how it would.  It would be 2 separate contracts.

[CaptnCoke11]

  On 2/19/2024 at 7:31 PM, Buffalo_Stampede said:

Leonard Floyd’s contract voids today. Costing us $4.3 in dead cap space for 2024.

 

If we re-sign him later does that erase the dead cap?

 

 

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No

[Buffalo_Stampede]

  On 2/19/2024 at 7:33 PM, CaptnCoke11 said:

No

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Yikes. So technically whatever we sign him to later you can basically add $4.3 million to it. That would be terrible cap management by Brandon Beane. Doubt they’ll extend him today.

 

Im guessing they won’t be bringing Floyd back. Should’ve extended him.

Edited February 19, 2024 by Buffalo_Stampede

[Virgil]

I don’t get this.  Didn’t he sign a one year deal?  How is there a cap hit this year?

[mrags]

I see Tyler Matakevich is on that list. So he accomplishes absolutely nothing being on the roster and now he’s costing us almost a quarter million in cap space for not being on it. The gift that keeps on giving. Bang up job McDermott. Having a need for these useless scrubs to play Special Teams 

[BBFL]

Guess there’s 2 pieces of news in that tweeted chart… Savage, Davenport, Zeitler, Tyron Smith and Mike Evans will all best testing FA if you’re in the market. Think the 4 latter still have decent football left to play. 
 

Savage is a baller and I hope if he isn’t pricing himself out of the situation that we make an attempt to sign him. 

  On 2/19/2024 at 7:43 PM, mrags said:

I see Tyler Matakevich is on that list. So he accomplishes absolutely nothing being on the roster and now he’s costing us almost a quarter million in cap space for not being on it. The gift that keeps on giving. Bang up job McDermott. Having a need for these useless scrubs to play Special Teams 

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So important you pay the position when they’re not even there! 🤯

[CaptnCoke11]

  On 2/19/2024 at 7:42 PM, Virgil said:

I don’t get this.  Didn’t he sign a one year deal?  How is there a cap hit this year?

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Void year to spread the money out 

[mrags]

  On 2/19/2024 at 7:44 PM, BBFL said:

Guess there’s 2 pieces of news in that tweeted chart… Savage, Davenport, Zeitler, Tyron Smith and Mike Evans will all best testing FA if you’re in the market. Think the 4 latter still have decent football left to play. 
 

Savage is a baller and I hope if he isn’t pricing himself out of the situation that we make an attempt to sign him. 

So important you pay the position when they’re not even there! 🤯

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Apparently 

[BBFL]

  On 2/19/2024 at 7:42 PM, Virgil said:

I don’t get this.  Didn’t he sign a one year deal?  How is there a cap hit this year?

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They split the $7m over two years instead of paying it all in one season. Might have been because they believed he was going to hit the contact incentives built in? I don’t know why they chose to do it that way. Pretty rough either way though as that $4.3m is a decent chunk of change. 
 

 

Edited February 19, 2024 by BBFL

[BuffaloBillyG]

The way I understand but (and freely admit I may be wrong) is they had until today to work out a new deal where if they had they 4.3M would have rolled over to his new contract. Being that they didn't it's the same as cutting him due to the contract being voided this the dead cap hit for this season. 

 

 

All in all on that list including Hyde, Settle and others it appears the Bills will be hit with around $12M total dead cap hits today. Very ouch.

Edited February 19, 2024 by BuffaloBillyG

[strive_for_five_guy]

  On 2/19/2024 at 7:47 PM, BBFL said:

They split the $7m over two years instead of paying it all in one season. Might have been because they believed he was going to hit the contact incentives built in? I don’t know why they chose to do it that way. Pretty rough either way though as that $4.3m is a decent chunk of change. 
 

 

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Kicked the can down the road is how I see it…

[BarleyNY]

  On 2/19/2024 at 7:42 PM, Virgil said:

I don’t get this.  Didn’t he sign a one year deal?  How is there a cap hit this year?

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1 year, $7M with 3 additional void years. Salary of $1.165M plus a signing bonus of $5.835M. 2023 cap hit of $2,623,750. That’s the salary plus 1/4 of the signing bonus. 2024 dead cap of $4,376,250, which is the remaining 3/4 of the signing bonus. 

 

His contract also had incentives. I believe that he earned an additional $1M which would bring his 2024 dead dead cap up to $5,376,250. 

Edited February 19, 2024 by BarleyNY

[DCofNC]

  On 2/19/2024 at 7:56 PM, BuffaloBillyG said:

The way I understand but (and freely admit I may be wrong) is they had until today to work out a new deal where if they had they 4.3M would have rolled over to his new contract. Being that they didn't it's the same as cutting him due to the contract being voided this the dead cap hit for this season. 

 

 

All in all on that list including Hyde, Settle and others it appears the Bills will be hit with around $12M total dead cap hits today. Very ouch.

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Pretty much it, the contract was set up to allow them an extra player they couldn’t afford last year, now you eat it.   It’s a pretty common practice, just kicks the can down the road.  The Bills have to hit re-set here soon and eat ***** for a year or continue to be just good enough to disappoint.

[Buffalo_Stampede]

  On 2/19/2024 at 7:56 PM, BuffaloBillyG said:

The way I understand but (and freely admit I may be wrong) is they had until today to work out a new deal where if they had they 4.3M would have rolled over to his new contract. Being that they didn't it's the same as cutting him due to the contract being voided this the dead cap hit for this season. 

 

 

All in all on that list including Hyde, Settle and others it appears the Bills will be hit with around $12M total dead cap hits today. Very ouch.

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The $4.3 with Floyd hurts most because he’s actually a player many thought would return. I don’t think the Bills would take on $4 million and then sign him later. 

[Sweats]

Anybody still think Beane is a number wizard?!?

[BarleyNY]

  On 2/19/2024 at 8:13 PM, Buffalo_Stampede said:

The $4.3 with Floyd hurts most because he’s actually a player many thought would return. I don’t think the Bills would take on $4 million and then sign him later. 

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Yes, they would have to account for it. It was money paid so it must hit the cap. 

[BBFL]

  On 2/19/2024 at 7:56 PM, strive_for_five_guy said:

Kicked the can down the road is how I see it…

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100%. I just don’t know why they’d do it that way. 

[Mark Vader]

  On 2/19/2024 at 8:15 PM, Sweats said:

Anybody still think Beane is a number wizard?!?

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Yep.

 

I think we will be under the cap comfortably and signing a few important players this off season.

[mrags]

  On 2/19/2024 at 8:23 PM, BBFL said:

100%. I just don’t know why they’d do it that way. 

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Because they thought they were winning a Ship this year. Same with last year and Von. 
 

if he only had a coach worth a chit 

Edited February 19, 2024 by mrags