View Full Version : Bailey restructures contract..
cabronco
03-07-2007, 11:08 AM
Broncos | Bailey restructures contract
Wed, 7 Mar 2007 07:48:36 -0800
Jeff Legwold, of the Rocky Mountain News, reports Denver Broncos CB Champ Bailey saved the team roughly $3.6 million in cap space by restructuring his contract last .
spdirty
03-07-2007, 11:11 AM
holy crap!!! I totally did not expect Champ to do that. Just goes to show how much he wants to win
Barry Ramey
03-07-2007, 11:12 AM
So looks like they can still do some hunting for free agents.
sirhcyennek81
03-07-2007, 11:14 AM
...or make room for possible trades...
:Broncos:
Hercules Rockefeller
03-07-2007, 11:15 AM
He did this a couple days ago, there's the room for the Henry signing and a decent chunk of the room needed for Graham's signing.
The MVPlaya
03-07-2007, 11:19 AM
Link please...
Champ Bailey is willing to do this after the Nate Clements situation...but then again the Nate Clements situation isn't what everyone thinks he is. He's not making 10 mill a year.
watermock
03-07-2007, 11:19 AM
They just moved it into guaranteed money. BFD.
Hercules Rockefeller
03-07-2007, 11:21 AM
They just moved it into guaranteed money. BFD.
ROFL!
But it makes him a team player
They just moved it into guaranteed money. BFD.
Exactly I will never understand why hard core fans such as we have here this time of the year somehow think a restructure is a sacrifice for the player.
It's like your boss asking you do you want your salary now or should I pay you every month like we have been doing.
55CrushEm
03-07-2007, 11:55 AM
Exactly I will never understand why hard core fans such as we have here this time of the year somehow think a restructure is a sacrifice for the player.
It's like your boss asking you do you want your salary now or should I pay you every month like we have been doing.
Exactly......however, my question is did we give him any ADDITIONAL amounts, other than what was already in his original contract?
watermock
03-07-2007, 12:45 PM
did it say that?
big56fan#1
03-07-2007, 01:08 PM
So whats the teams cap room now????
watermock
03-07-2007, 01:11 PM
I think they are calling Capital One.
I think they are calling Capital One.
maybe they can get some government money for not growing soybeans on their practice fields?
big56fan#1
03-07-2007, 01:21 PM
Lol
Broncoman13
03-07-2007, 01:25 PM
LMAO, I like Champ but saying that he took one for the team b/c he took some money that wasn't guaranteed and turned it into guranteed money is funny.
Hey, you're suppose to make 10 million dollars this year. We want to give you 5.5 million dollars though. So, we'll give you a "Bonus" of 4.5 million and say that we're paying you 5.5 mill this season. That way we can spread that 4.5 mil over the next 4 years.
What a team player!
Jetmeck
03-07-2007, 01:50 PM
If it helped the team in ANY WAY that makes him a team player. He helped us, would we have had Henry or Graham without his help ? Probably not. He helped us, STFU about him not being a team player.
OrangeShadow
03-07-2007, 01:52 PM
bottom line is champ deserves his money now whether he gets it now and save the team some cap room or later, i really dont care.
eddie mac
03-07-2007, 02:36 PM
He did this a couple days ago, there's the room for the Henry signing and a decent chunk of the room needed for Graham's signing.
And then some. Travis only counts $1.9m against the cap this year and only adjusts the total by $1.6m
Kaylore
03-07-2007, 03:03 PM
This is old news. There was a thread on this somewhere. It's why we were able to get Henry and Graham.
DomCasual
03-07-2007, 03:52 PM
You need a certain type of player to do this, because you're basically trusting them to play hard, despite the fact that you've already paid them. That's why you'd never see a headline like Darryl Gardener Agrees to Restructure Contract to Save Cap Space. It's always guys like Elway, Rod Smith, TD, Champ Bailey, Shannon Sharpe, etc - guys that are trustworthy; guys that have personal pride. It's really quite a compliment, I think.
Think about taking Pacman Jones and saying, "Listen, man - we're going to advance you 70% of your pay from the next three years. We expect you to play just as hard as you would if you were working for the bigger check from week to week." If word got out about something like that, you'd have otherwise sweet, innocent girls going into the stripping business - just for the short-term payday.
Atlas
03-07-2007, 04:08 PM
Exactly......however, my question is did we give him any ADDITIONAL amounts, other than what was already in his original contract?
What Denver did is take money that he hadn't earned yet and gave it to him now as a signing bonus thus lowering his cap figure.