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Posted (edited)

The Khalil Shakir deal I believe is somewhat instructive in seeing how a deal with Cook could look like.   This is not a post to convince anyone of whether his quality of play and value are worth what a contract could look like but how much of the cap he would tie up if he were to be signed to a similar deal as Khalil.

 

The contract with Shakir is actually a $13.25 M AAV  4 year $53M, which makes it even better than what we were hearing due to the remaining amount not listed presumably are on performance based incentives.   

 

A deal with Cook would probably look very similar.

 

The Sportrac link wasn't working for me, so here is another one I found https://www.spotrac.com/nfl/player/_/id/77025/khalil-shakir

 

I think too many people focus on the AAV, it's truly not representative of what the actual cap hits are in practical terms.  A better way of looking at it is the actual CAP HIT and CAP% of the league cap.

 

If the Cook contract were to be lets say exactly the same as Cooks which as a $13.25M AAV and 1 voided year then this is what you'd expect:

 

2025  Cook would only have around a $3M cap hit which would be 1% of the cap

2026 Cook would have around a $6.8M cap hit which would be 2.21% of the cap

2027 Cook would have a $13.9M cap hit which would be 4.12% of the cap

2028 Cook would have a $15M cap hit which would be 4.04% of the cap

2029 Cook would have a $15.9M cap hit which would be 3.91% of the cap

2030 the VOIDED year would have a $1.8M cap hit which would be .4% of the cap

 

The VOIDED year is essentially a somewhat empty container.  That container could be used for 2027, 2028 and 2029 years to push out the base salaries that can be converted to bonuses to lower the cap hit and spread it out in the remaining years including the voided year.

  

The base salary for 2027 is $9.9M

The base salary for 2028 is $11M

The base salary for 2029 is $11.2M

 

For 2027 where the cap hit is at it's zenith at 4.12% of the cap, they could spread out the $10M salary, convert to bonus and spread it out between the remaining 3 years (which includes the voided year) and lower the cap hit for 2027 by around $7.5M, by spreading $2.5M to 2028, 2029 and 2030.  Of course if you do this then the percentage of cap would be under 2% for 2027.

 

The point is, even without any restructures which there very likely would be the maximum cap % hit would be 4.12% of the cap for a playmaking RB.

Edited by Magox
  • Like (+1) 1
Posted
4 hours ago, Magox said:

The Khalil Shakir deal I believe is somewhat instructive in seeing how a deal with Cook could look like.   This is not a post to convince anyone of whether his quality of play and value are worth what a contract could look like but how much of the cap he would tie up if he were to be signed to a similar deal as Khalil.

 

The contract with Shakir is actually a $13.25 M AAV  4 year $53M, which makes it even better than what we were hearing due to the remaining amount not listed presumably are on performance based incentives.   

 

A deal with Cook would probably look very similar.

 

The Sportrac link wasn't working for me, so here is another one I found https://www.spotrac.com/nfl/player/_/id/77025/khalil-shakir

 

I think too many people focus on the AAV, it's truly not representative of what the actual cap hits are in practical terms.  A better way of looking at it is the actual CAP HIT and CAP% of the league cap.

 

If the Cook contract were to be lets say exactly the same as Cooks which as a $13.25M AAV and 1 voided year then this is what you'd expect:

 

2025  Cook would only have around a $3M cap hit which would be 1% of the cap

2026 Cook would have around a $6.8M cap hit which would be 2.21% of the cap

2027 Cook would have a $13.9M cap hit which would be 4.12% of the cap

2028 Cook would have a $15M cap hit which would be 4.04% of the cap

2029 Cook would have a $15.9M cap hit which would be 3.91% of the cap

2030 the VOIDED year would have a $1.8M cap hit which would be .4% of the cap

 

The VOIDED year is essentially a somewhat empty container.  That container could be used for 2027, 2028 and 2029 years to push out the base salaries that can be converted to bonuses to lower the cap hit and spread it out in the remaining years including the voided year.

  

The base salary for 2027 is $9.9M

The base salary for 2028 is $11M

The base salary for 2029 is $11.2M

 

For 2027 where the cap hit is at it's zenith at 4.12% of the cap, they could spread out the $10M salary, convert to bonus and spread it out between the remaining 3 years (which includes the voided year) and lower the cap hit for 2027 by around $7.5M, by spreading $2.5M to 2028, 2029 and 2030.  Of course if you do this then the percentage of cap would be under 2% for 2027.

 

The point is, even without any restructures which there very likely would be the maximum cap % hit would be 4.12% of the cap for a playmaking RB.

 

I always thought it would peak out at like 12 per year for cook, but that's picking nits.  2/3 years in a similar contract for cook gets us to like 7% of cap on our two best skill players of 2024 when we lead the nfl in scoring.  I'll take that.

 

  • Agree 1
Posted
7 minutes ago, colin said:

 

I always thought it would peak out at like 12 per year for cook, but that's picking nits.  2/3 years in a similar contract for cook gets us to like 7% of cap on our two best skill players of 2024 when we lead the nfl in scoring.  I'll take that.

 


That’s what many don’t understand, in practical terms you are spending a very small amount of your cap on your two best skill players.

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Posted
37 minutes ago, RichRiderBills said:

The worst part is bad implications for franchise tag RB next year. 

I agree but I honestly dont think we tag cook... we either sign or trade him or let him walk... the tag would about give him what he is looking for I think.... especially with this move and he seems like a pouter to me... 

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