Rod took a pay cut.

[Kaylore]

55CrushEm was savvy enough to catch this from the NFLPA website, so I thought I'd start a new thread for this particularly.

http://www.nflpa.org/Resources/ActivePlayerSearch.aspx?id=21220

Smith, Rod
View Stats at Players Inc Site

Player Info


Draft Info

WR (#80)


Year: 0

Denver Broncos


Round: 0

Cherry Hills Village, CO


Position: 0

Salary History
2008 1500000.00
2005 3500000.00
2006 3000000.00
2007 1500000.00
That's down from 5 mil+ from a few days ago...

[watermock]

shhh...

[Stormontheplains]

That is great news, and I assume signaling that he will have one more year. Correct me if I am wrong Kahn please.

[Kaylore]

That is great news, and I assume signaling that he will have one more year. Correct me if I am wrong Kahn please.

I don't even know if he restructured! I'm still trying to figure things out. Whether he's on the team or not will be determined by his salary and how he comes back from this latest surgery. I have no answers right now.

[eddie mac]

That is great news, and I assume signaling that he will have one more year. Correct me if I am wrong Kahn please.


He already had another year on his contract.

Prior to that change Rod was scheduled to have base salaries as follows.

2007 $5.5m now $1.5m

2008 $6.5m now $1.5m

There's $10m difference there but I've no idea what they've done with it.

[watermock]

It was 5.5 plus his pro rated bonus against the cap. All is well and peacefull in Dove Valley.

Now it's time to lock the doors to the bunker and get out draft strategy determined.

[watermock]

He already had another year on his contract.

Prior to that change Rod was scheduled to have base salaries as follows.

2007 $5.5m now $1.5m

2008 $6.5m now $1.5m

There's $10m difference there but I've no idea what they've done with it.

Where do you think we have been signing all these players with? 2.8 million? Rod was the one player that had to do a true pay cut. Warren and Javon restructured I think...Rod is too old.

[maven]

Good job detective 55CrushEm

He would've been cut if he didn't take a paycut. Keenan was shown the door in SD. Moulds in Houston.

[55CrushEm]

I'm not even sure if he "restructured".....to me, that would mean he took his salary (or a portion of it), up front as bonus.....similar to Champ.

For Rod.....I have a feeling this was more than a restructure.....most likely a flat out pay cut.

[RkyMtnThunder]

This would be news worthy IMO, when do you suppose this info would be reported in the media? At least the local media?

Whats the chances of this page having a typo? Is it the only resource online that suggests Rod has restructured/taken a pay cut?

[55CrushEm]

This would be news worthy IMO, when do you suppose this info would be reported in the media? At least the local media?

Whats the chances of this page having a typo? Is it the only resource online that suggests Rod has restructured/taken a pay cut?

Yeah, it is funny that it hasn't been reported......but I don't think it's an error.

I've been looking at the NFLPA website everyday for the last couple of days, to see if the salaries on the new guys have been put in (and alot HAVE)......every day that I've checked, Rod's salary for 2007 was $5.5M, up until today, that is......today is the first day that I saw this new amount.

[Stormontheplains]

With accrued seasons shouldnt only a % of his salary count against the cap. I thought after 7 years with the same team there was a 30% reduction from the actual salary against the cap. Anyone know????

[eddie mac]

Where do you think we have been signing all these players with? 2.8 million? Rod was the one player that had to do a true pay cut. Warren and Javon restructured I think...Rod is too old.

They were under the cap prior to adding Ramsey and Graham by about $1m or so then the Post reported this morning that they were $2m under before adding Ramsey but they never mentioned anything about Rod except for the previous article which stated the decision and his roster bonus had been put back.

IMHO there's no way Rod chopped $10m off both base salaries without getting some kind of signing bonus in return.

[eddie mac]

With accrued seasons shouldnt only a % of his salary count against the cap. I thought after 7 years with the same team there was a 30% reduction from the actual salary against the cap. Anyone know????

Doesn't have to be the same team AFAIK and I think that only applies to vet minimum salaries much like Keith Burns last year.

[RkyMtnThunder]

Yeah, it is funny that it hasn't been reported......but I don't think it's an error.

I've been looking at the NFLPA website everyday for the last couple of days, to see if the salaries on the new guys have been put in (and alot HAVE)......every day that I've checked, Rod's salary for 2007 was $5.5M, up until today, that is......today is the first day that I saw this new amount.

Yeah, I would imagine the NFLPA site would have the facts straight.

Just interesting this news hasnt broken, at least at Denver Post or RkyMtnNews considering Smith's status in the city/state

[PLOWHORSE]

They were under the cap prior to adding Ramsey and Graham by about $1m or so then the Post reported this morning that they were $2m under before adding Ramsey but they never mentioned anything about Rod except for the previous article which stated the decision and his roster bonus had been put back.

IMHO there's no way Rod chopped $10m off both base salaries without getting some kind of signing bonus in return.

Maybe Bowlen is paying him on the side..The old handshake with check hidded inside routine..wink wink.

[2KBack]

10 million is a lot, maybe he's got a fat signing bonus on a coaching contract in 2009.

[Billy Clyde Puckett]

Rod likes to keep his personal life very private. I don't think there is any rule that a team needs to make a press release anytime a player signs an ammended contract. He probably took the cut and asked the team not to make a big deal about it.

[rubaiyat]

Where do you think we have been signing all these players with? 2.8 million? Rod was the one player that had to do a true pay cut. Warren and Javon restructured I think...Rod is too old.

Champ too right? I thought those three alone along with likely dropping Alexander would have been sufficient for our FA moves

[Billy Clyde Puckett]

I think the Broncs are trading Alexander, Bly and a 6th round pick to the skins for their first round pick ;DS

Seriously, Alexander does have some value. They may try to hang on to him till draft day and if a team that needs a TE misses out on one, trade him for a late pick.

[Bladerunner]

If this is true, I am really quite relieved. I also hope that Rod is getting paid more than his base salary over the next two years. He is really a pro's pro, has demonstrated great leadership and loyalty to the Denver Broncos team. I really hope that this indicator is legit, as I was anxious about any public disagreement between the club and Rod.

[baja]

I thought the NFLPA had an agreement with the owners that a player could not take a pay cut on a current contract but had to be cut than hit the waiver wire and clear waivers before the team that released the player could resign him to a lesser contract.

[GoHAM]

Rod likes to keep his personal life very private. I don't think there is any rule that a team needs to make a press release anytime a player signs an ammended contract. He probably took the cut and asked the team not to make a big deal about it.

My thoughts exactly. Rod is such a class guy.

[watermock]

Some clarification here.

http://www.denverpost.com/sports/ci_5400152

[cutthemdown]

I thought the NFLPA had an agreement with the owners that a player could not take a pay cut on a current contract but had to be cut than hit the waiver wire and clear waivers before the team that released the player could resign him to a lesser contract.

hmmm I dont think so. Raiders just got Lamont Jordan to take less and they didnt cut him first.

[baja]

News blurb;

Broncos, Smith reach agreement
By Bill Williamson
Denver Post Staff Writer
Article Last Updated: 03/09/2007 04:41:35 PM MST

The Broncos and Rod Smith have agreed to a stop-gap restructuring of his contract that ensures the team will not cut him at this time. Smith, however, still could decide to walk away from the deal.
The move saves the Broncos significant cap room as Smith's salary is reduced to $1.5 million in each of the next two seasons.
The move was made because Smith was due a roster bonus of $1 million on Thursday, but he had other personal business to attend to. Instead of rushing to a final resolution, his agent Tom Mills said this temporary agreement was reached.
The two sides have until later this month to agree upon a new restructuring or settle on this deal.
The Broncos announced Tuesday that Smith underwent surgery on his left hip and will not participate in team drills for four months. Hee is expected to be ready for training camp. Smith will turn 37 in May.

[listopencil]

Didn't Elway end up playing for vet minimum at then end of his career? I don't know for sure but I remember hearing the rumor. It wouldn't suprise me to see Rod Smith doing something similar. From what I understand Smith is a wealthy man. I know he has stated that he would play for free if he had to and that someone was going to have to drag him off the field when his time came. Nothing that Rod Smith does do keep playing would surpise me.

[cutthemdown]

like anyone thought Rod would do it any other way. He will find out if he can go this yr. If he is the number 2 or 3 wr then I'm sure we pay him more then 1.5 million. If not then maybe he just walks away. In no case though could I see anything but a solution that both Rod and the Broncos are happy with. No way Rod gets cut if he can still make team as one of the 3 wr.

[watermock]

I have no clue where Baja dreamed that up.

[Kaylore]

News blurb;

Broncos, Smith reach agreement
By Bill Williamson
Denver Post Staff Writer
Article Last Updated: 03/09/2007 04:41:35 PM MST

The Broncos and Rod Smith have agreed to a stop-gap restructuring of his contract that ensures the team will not cut him at this time. Smith, however, still could decide to walk away from the deal.
The move saves the Broncos significant cap room as Smith's salary is reduced to $1.5 million in each of the next two seasons.
The move was made because Smith was due a roster bonus of $1 million on Thursday, but he had other personal business to attend to. Instead of rushing to a final resolution, his agent Tom Mills said this temporary agreement was reached.
The two sides have until later this month to agree upon a new restructuring or settle on this deal.
The Broncos announced Tuesday that Smith underwent surgery on his left hip and will not participate in team drills for four months. Hee is expected to be ready for training camp. Smith will turn 37 in May.

So this is the tentative deal unless something else happens. Good to know.

[watermock]

I called this two weeks ago. He's deciding weather to retire.

[GoHAM]

I thought the NFLPA had an agreement with the owners that a player could not take a pay cut on a current contract but had to be cut than hit the waiver wire and clear waivers before the team that released the player could resign him to a lesser contract.

Actually I think it's covered in the CBA that the salaries agreed to can be deferred to another year without being converted to bonuses. Such as deferring all $10 mill. to another contract year such as 2009. And since salaries are not guaranteed it may be mutually agreed upon that the player will be cut or retired prior to that contract year. At which point the team will only be charged for the prorated signing bonuses for that year.

I found this in the CBA at

http://www.nflpa.org/cba/cba_pdf/Article_XXXVIII_Salaries.pdf

ARTICLE XXXVIII
SALARIES (CONT.)

Section 11. Deferred Paragraph 5: A Player Contract may provide for deferral of no more than 50% of the player’s Salary up to and including a total of the first $1 million, and may provide for deferral of no more than 75% of the player’s Salary in excess of $1 million.


So... taking Rod's 5.5 million salary for this season:

50% of the first 1 million: .50 * 1,000,000 = $ 500,000
75% of in excess of 1 million: .75 * 4,500,000 = $3,375,000
Total Deferred = $3,875,000

So taking Rod's $5.5 million less the deferred 3.875 million is a minimum base salary of $1.625 million this year. And then they restructure the contract to convert $125K this year and $150K next year into bonuses, that would allow salaries or "pay cuts" to 1.5 mill this year and next.

Of course I am no lawyer or capologist so anyone out there who really knows how to interpret all the legal jargon or what the CBA really does allow, please correct what I've gotten wrong in my assumptions.

[orange crusher]

Burger Bill must be reading the Mane again. The subject comes up and poof, there's an article on the subject.

[watermock]

Actually I think it's covered in the CBA that the salaries agreed to can be deferred to another year without being converted to bonuses. Such as deferring all $10 mill. to another contract year such as 2009. And since salaries are not guaranteed it may be mutually agreed upon that the player will be cut or retired prior to that contract year. At which point the team will only be charged for the prorated signing bonuses for that year.

I found this in the CBA at

http://www.nflpa.org/cba/cba_pdf/Article_XXXVIII_Salaries.pdf

ARTICLE XXXVIII
SALARIES (CONT.)

Section 11. Deferred Paragraph 5: A Player Contract may provide for deferral of no more than 50% of the player’s Salary up to and including a total of the first $1 million, and may provide for deferral of no more than 75% of the player’s Salary in excess of $1 million.


So... taking Rod's 5.5 million salary for this season:

50% of the first 1 million: .50 * 1,000,000 = $ 500,000
75% of in excess of 1 million: .75 * 4,500,000 = $3,375,000
Total Deferred = $3,875,000

So taking Rod's $5.5 million less the deferred 3.875 million is a minimum base salary of $1.625 million this year. And then they restructure the contract to convert $125K this year and $150K next year into bonuses, that would allow salaries or "pay cuts" to 1.5 mill this year and next.

Of course I am no lawyer or capologist so anyone out there who really knows how to interpret all the legal jargon or what the CBA really does allow, please correct what I've gotten wrong in my assumptions.

That's total spin...a contract can be taken back veteran minimum. He's taking 1.5 million the next two years and will still count against against the cap on pro rated money he's allready banked.

[orangeatheist]

http://i71.photobucket.com/albums/i132/tekneekofpain/freakslaughingnbmt9-1.gif

Oh my god....what is that?

[ZONA]

Rod took a pay cut because he's really not about trying to make some cabbage right now. He's got that. He'd like a chance at one more ring, that's why he's hangin on.

[ZONA]

http://i71.photobucket.com/albums/i132/tekneekofpain/freakslaughingnbmt9-1.gif

Oh my god....what is that?


Looks like a human being to me. Never look down upon somebody for cicumstances they have no control over. Obviously the person was born that way and nothing they can do but try and live the best life they can. No need for people to make fun of that.

[baja]

Looks like a human being to me. Never look down upon somebody for cicumstances they have no control over. Obviously the person was born that way and nothing they can do but try and live the best life they can. No need for people to make fun of that.

Looks like a very happy person to me I call that a successful life.

[watermock]

http://www.stevekhan.com/zippycolor.gif

[DomCasual]

I'll be bummed if he doesn't come back. Shanahan's never really had a 3rd receiver that's done much, and Rod would be a perfect fit for that. Plus, he's one of two or three key leaders on the team. But I also really hold out hopes for his induction into the Hall of Fame. No need to start a debate over it - it's been debated ad nauseam here. If he is going to have a shot, he needs to set the statistical bar as high as possible, and two more years of 50 catches, 600 yards or so, and 5 or 6 TDs wouldn't hurt.

If he never played another down (knock on wood), he'll walk away one of the classiest players ever to have worn orange and blue.

[DomCasual]

Burger Bill must be reading the Mane again. The subject comes up and poof, there's an article on the subject.

I hope he doesn't read the Mane. There are some pretty unflattering things said about him here - many of which are said by yours truly.

If he does read it, though, I'll say this. Burger Bill, you suck. You might be a great person - probably are, for all I know. But as a beat writer, you're a complete waste of time.

No offense, though.

[DomCasual]

Looks like a human being to me. Never look down upon somebody for cicumstances they have no control over. Obviously the person was born that way and nothing they can do but try and live the best life they can. No need for people to make fun of that.

I thought maybe he was talking about maven's avatar. ???

[Bronco_Beerslug]

How does Rod Smith make this team this year? He clearly has had his time and it's now over.

[Clockwork Orange]

Clayton is reporting it, too.

Broncos | R. Smith restructures contract
Fri, 9 Mar 2007 20:24:13 -0800

John Clayton, of ESPN.com, reports Denver Broncos WR Rod Smith has agreed to restructure his contract and take a $5 million paycut. Smith reduced his salary from $5.5 million to $1.5 million and did not take his $1 million roster bonus. He also reduced his 2008 base salary from $6.5 million to $1.5 million.

Sounds like a paycut of $10 million total to me. $5 million this year, $5 million next year.

Good on ya, Rod. :thumbs:

[Conklin]

I called this two weeks ago. He's deciding weather to retire.

called what? rod put talks on hold cuz he had to come back here to joplin cuz his old college coach passed away last week...try attending 3 funerals already this time of year for people you work with or had worked with...ofc hes gon' re-think his life situation...but i bet hes coming back just getting back in the food mood

[Hercules Rockefeller]

So this is the tentative deal unless something else happens. Good to know.

If they make any changes, it'll only be to add incentives.

[Hercules Rockefeller]

Clayton is reporting it, too.

Broncos | R. Smith restructures contract
Fri, 9 Mar 2007 20:24:13 -0800

John Clayton, of ESPN.com, reports Denver Broncos WR Rod Smith has agreed to restructure his contract and take a $5 million paycut. Smith reduced his salary from $5.5 million to $1.5 million and did not take his $1 million roster bonus. He also reduced his 2008 base salary from $6.5 million to $1.5 million.

Sounds like a paycut of $10 million total to me. $5 million this year, $5 million next year.

Good on ya, Rod. :thumbs:

Yep, thanks Rod.

His $5M next year and Jake finally retiring open up around $12.5M on next year's cap too.

[youcandoit1687]

Yep, thanks Rod.

His $5M next year and Jake finally retiring open up around $12.5M on next year's cap too.

Sweet, plus atleast another 5 million added to the cap. Who are the big FAs for next year?

[watermock]

We are going to send Preston Parsons, Alexander and a player to be named later for their #6. Likely C. Brown or Kircus....

[Kaylore]

Yep, thanks Rod.

His $5M next year and Jake finally retiring open up around $12.5M on next year's cap too.

And then the cap will go up. Wow our division rivals are going to hate us with all that room. Don't forget we front loaded some of Bailey's money too. This could get interesting.:)

[orange crusher]

Here's a good article that provides more info than the others. Thanks Rod, you've proven to be a real team player once again!

http://www.rockymountainnews.com/drmn/nfl/article/0,2777,DRMN_23918_5408337,00.html

[Kaylore]

Here's a good article that provides more info than the others. Thanks Rod, you've proven to be a real team player once again!

http://www.rockymountainnews.com/drmn/nfl/article/0,2777,DRMN_23918_5408337,00.html

Here's the good news:

Not counting the signings of Graham and quarterback Pat- rick Ramsey this week, Denver was left with a healthy $8.2 million in cap room without having to release any players.

Denver probably will need $3 million to $4 million of that space to sign its six-player draft class, barring any compensatory picks it's awarded or future deals that increase the total number of selections. The team's half-dozen picks currently are No. 21 (first round); 56 (second); 70 (third, from Washington); 86 (third); 162 (sixth, from Detroit); and 215 (sevent

We really take our capologists for granted. Other teams don't/can't do it the way we do.

[eddie mac]

And then the cap will go up. Wow our division rivals are going to hate us with all that room. Don't forget we front loaded some of Bailey's money too. This could get interesting.:)

As it stands though we've quite a few more free agents next year.

UFA's

Dre Bly (possible starter), Jason Elam (starter), Ebeneezer Ekuban (possible starter), John Engelberger (final year voids), Kyle Johnson (possible starter), Cecil Sapp (possible starter), Stephen Alexander, Nate Jackson, Nick Ferguson (possible starter).

RFA's/ERFA's

Chris Myers, Erik Pears (Could be a starter), Dominique Foxworth (possible starter), Karl Paymah, Curome Cox, Hamza Abdullah.

Albeit not many will command huge deals. In all likelyhood depending on performance this season. Pears/Foxworth/Paymah will be given 2nd rd tenders or draft choice tenders for both CB's (3rd rd selections)

[eddie mac]

Here's the good news:



We really take our capologists for granted. Other teams don't/can't do it the way we do.

Yip. A lot of people on here questioned the team's ability to find the cap room to be aggressive during this period and in all likelyhood we were a whisker away from landing Kerney as well. The only doubt I had was with upfront money and whether this organisation was prepared to up the ante with cash this season. They've done that and they've made me proud to be a Bronco fan once again and have made enjoyable a part of the season I always love apart from the last 2 years with our inactivity.

[orangeatheist]

Looks like a human being to me. Never look down upon somebody for cicumstances they have no control over. Obviously the person was born that way and nothing they can do but try and live the best life they can. No need for people to make fun of that.

Who said I was making fun? I wanted to know what it is. Is a movie? A TV show? Is it real? Computer graphics? It looks old...like something from the 30s or something, but with today's technology, who knows?

If it's real, I'm shocked. Can someone really live with a cranium that size? Or is just everything else disporportioned? It looks like Zippy, with the hair, so there's a good chance this is a joke; but I don't know.

I'm sorry to offended your sensitivity. Is it that time of month?

[Atlas]

From the article in the RMN Denver is treating Smith Very well. He is getting good size paycut to about $3 million but his entire salary of $3.66 million next year is garunteed. So if he signs this deal and reitres this year or next he will get his salary. That sounds very generous on the Broncos part.

[Hercules Rockefeller]

And then the cap will go up. Wow our division rivals are going to hate us with all that room. Don't forget we front loaded some of Bailey's money too. This could get interesting.:)

Yeah, but we don't know where they are at. They could have been projected at $20M over (highly unlikely) and these moves took them down to $7.5M over.

[BroncoFiend]

From the article in the RMN Denver is treating Smith Very well. He is getting good size paycut to about $3 million but his entire salary of $3.66 million next year is garunteed. So if he signs this deal and reitres this year or next he will get his salary. That sounds very generous on the Broncos part.

A guaranteed contract just means that if the Broncos cut the player they will still owe him the money, if a playrt retires the 'guaranteed' money isn't given (see Plummer, where he is responsible for paying back a portion of his guaranteed bonus). What this really means is Rod will be on the team this year and next at least, which is great news IMO.

[Hercules Rockefeller]

A guaranteed contract just means that if the Broncos cut the player they will still owe him the money, if a playrt retires the 'guaranteed' money isn't given (see Plummer, where he is responsible for paying back a portion of his guaranteed bonus). What this really means is Rod will be on the team this year and next at least, which is great news IMO.

Yep. He's cheap and every year he stays just eats up more of his amotized bonus money, there won't be too much money to accelerate when he retires after the '08 season.

[BroncoFiend]

Yep. He's cheap and every year he stays just eats up more of his amotized bonus money, there won't be too much money to accelerate when he retires after the '08 season.

Retiring after 08 will be a great way for him to go out, it can be on his terms, and the team can honor him properly.

[Billy Clyde Puckett]

Retiring after 08 will be a great way for him to go out, it can be on his terms, and the team can honor him properly.

Yep - going out on top like Elway after two Super bowl wins this year and next

[Odysseus]

From the article in the RMN Denver is treating Smith Very well. He is getting good size paycut to about $3 million but his entire salary of $3.66 million next year is garunteed. So if he signs this deal and reitres this year or next he will get his salary. That sounds very generous on the Broncos part.

If this is true I like this deal. Retiring on your own terms is as good a deal as you get. Rod dropped some key passes, key blocks, key fumbles and seemed to play like he soft all year. His production did not drop wasn't like the last time because he had NO opportunities. He had opportunitys but he failed.

He needs to get it together. One draft pick, Kircus steps up, or one decent FA and Rod is fourth on the roster. Fourth is gone.