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Old 07-15-2016, 11:20 AM   #1
Gutless Drunk
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Default Von contract breakdown

Thought I would put this here also for those who want the shorthand. The other thread is long and convoluted.


The rough breakdown of Millerís contract, according to sources:

2016: $23 million signing bonus, $2 million in salary and workout bonus, other bonuses. Total $25 million (fully guaranteed). The year one payout was the only metric he did not surpass Philadelphia defensive tackle Fletcher Cox, who got $27.3 million upfront with his recent contract extension

2017: $17 million in salary, bonuses (fully guaranteed). Total is $42 million after two years. Cox got $36.3 million guaranteed after year two

2018: $19 million in salary, bonuses. (Injury-only guarantee, converts to full guarantee in eight months, or March 17). Total is $61 million after three years. Cox got $55.55 million guaranteed after year three

2019: $17.5 million in salary, bonuses. (Injury-only guarantee but $9 million converts to full guarantee a year earlier, or in March, 2018). Total is $78.5 million after four years with $70 million guaranteed. Cox got $63.3 million guaranteed after year four

2020 - 2021: Average of $18 million per year in salary and bonuses. (No guarantees). Total is $114.5 million after six years


http://www.9news.com/sports/nfl/denv...ract/274328718
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Old 07-15-2016, 12:13 PM   #2
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Did they have to convert DT's 2016 salary to signing bonus?
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Old 07-15-2016, 12:14 PM   #3
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They overpaid by about three dollars and fifty cents
Tree fiddy.
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Old 07-15-2016, 12:16 PM   #4
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They overpaid by about three dollars and fifty cents
I'm sorry, I believe the correct terminology is 'about tree fiddy'. No I didn't have to consult urbandictionary.com. Yes I am white.
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Old 07-15-2016, 12:18 PM   #5
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Did they have to convert DT's 2016 salary to signing bonus?
Actually, I think this will lower Von's 2016 cap hit. The signing bonus is spread over the life of the deal ($3.83 million a year) and the 2016 "salary" is only $2 million. If I'm understanding the terms correctly, that should make his 2016 cap hit only $5.83 million (prorated signing bonus + salary).
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Old 07-15-2016, 12:22 PM   #6
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It's "bout tree fiddy" not "about tree fiddy". You can tell you're white smh
Dangit, we had come so far as a race.
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Old 07-15-2016, 12:23 PM   #7
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Old 07-15-2016, 12:25 PM   #8
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^i was a little off because the bonus is only being divided over 5 years instead of 6. Still, this opens up about $8 million in cap space. Room to resign Sanders?
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Old 07-15-2016, 12:26 PM   #9
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So how realistic is it they can get Sanders done soon? I'm no cap expert and don't claim to be.
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Old 07-15-2016, 12:26 PM   #10
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This gives the Broncos even more cap space over the next two years than I originally projected. Spreadsheet will be finished at approximately 7pm MT.

Remember, we can extend Sanders at any time.
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Old 07-15-2016, 12:30 PM   #11
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So how realistic is it they can get Sanders done soon? I'm no cap expert and don't claim to be.
Well, if the deal is a true extension like Marshall's they won't need any additional cap space. His 2016 salary would remain unchanged and the new deal would kick in next season. But Sanders may want a higher number this year as part of the negotiation.

Of course, this may have nothing to do with Sanders. Denver likes to maintain some cap flexibility so they can make late moves if the opportunity becomes available and/or injuries come into play (i.e. Signing Evan Mathis just a couple weeks before last season).
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Old 07-15-2016, 12:52 PM   #12
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He's a very rich man basically but he's our very rich man.
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Old 07-15-2016, 01:02 PM   #13
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This gives the Broncos even more cap space over the next two years than I originally projected. Spreadsheet will be finished at approximately 7pm MT.

Remember, we can extend Sanders at any time.
Sure wish we could get Stewart extended now instead of waiting and having to go against other bidders.
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Old 07-15-2016, 01:02 PM   #14
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He's a very rich man basically but he's our very rich man.
I'm sorry but did you just claim to own a person? A black person at that? Oy
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Old 07-15-2016, 01:08 PM   #15
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$6.6M cap hit this year, almost another $10M in savings that hopefully they'll roll into next season.
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Old 07-15-2016, 01:09 PM   #16
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Could've gotten two more probowlers on the roster for that much
Players like Von don't come around much. The money hurts now but in 2 yrs when guys like Mack are signing new deals it will look like a bargain.
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Old 07-15-2016, 01:10 PM   #17
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$6.6M cap hit this year, almost another $10M in savings that hopefully they'll roll into next season.
This is a very good point, HR.
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Old 07-15-2016, 01:11 PM   #18
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$6.6M cap hit this year, almost another $10M in savings that hopefully they'll roll into next season.
So, assuming the team doesn't use the cap space in an Evan Mathis-type move, they can roll over whatever cap that don't use? I didn't know that
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Old 07-15-2016, 01:12 PM   #19
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Could've gotten two more probowlers on the roster for that much
He's worth it, probably lol. Elway got it done and it needed to happen. You can't let every player walk because of money.

Ones like Von who are obviously a total nightmare for the tackles are worth it. pass rushers and cornerbacks are where the smart money goes.
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Old 07-15-2016, 01:13 PM   #20
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It's genius to make your team about coverage and Qb pressure. It's burning the wick at both ends. It's like getting 2-3 strikes in a row, the bonus builds up!
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Old 07-15-2016, 01:13 PM   #21
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Sure wish we could get Stewart extended now instead of waiting and having to go against other bidders.
You can't resign everybody, and I doubt Stewart is a high priority after drafting Simmons and Parks.
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Old 07-15-2016, 01:14 PM   #22
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Historically, the Broncos entered the season about $10M under the cap. That is money needed to sign vets during/after training camp - guys like Evan Mathis, Keith Brooking, Trindon Holliday, Shiloh Keo, etc. I'm not sure extending Sanders or Stewart is wise at this point.

That being said, the Broncos will be ~$38M under the cap next year - about middle of the pack, relative to the rest of the league, with only Sanders as a big name to re-sign.
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Old 07-15-2016, 01:19 PM   #23
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You can't resign everybody, and I doubt Stewart is a high priority after drafting Simmons and Parks.
How can you even suggest that when both of those are mid to late pick rookies who haven't even had their first training camp yet let alone their rookie season.
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Old 07-15-2016, 01:21 PM   #24
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How can you even suggest that when both of those are mid to late pick rookies who haven't even had their first training camp yet let alone their rookie season.
The mane isn't very great at understanding progression and the big unknown of how a player becomes a legitimate NFL starter.
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Old 07-15-2016, 01:22 PM   #25
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Woohoo...great to have Von back for 6 more years...Do we have enough money to extend Sanders?
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