http://blogs.palmbeachpost.com/thed...wr-brian-hartline-and-qb-matt-moore-for-2013/
"The deals signed late last week by WR Brian Hartline and QB Matt Moore seem to be the rare “win-win:” The players got paid well and don’t have to worry about their contract situations anymore, and the Dolphins got cap-friendly deals that still give them plenty of room to spend in free agency.
The Post obtained a copy of both contracts, and while Hartline did get $30.775 million over five years, and Moore got $8 million over two years, the two deals will use just $4.615 million in salary cap space in 2013. Moore now has the 13th-highest cap number on the Dolphins, and Hartline is 14th.
So if you’re counting at home, Hartline received $12.5 million guaranteed (his signing bonus and first two base salaries), and $18.275 million of the $30.775 million is not guaranteed. Hartline received good money for a No. 2 wideout, but the contract is also heavily backloaded, protecting the Dolphins if Hartline’s play declines in later years."
Looks better.
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My bad in the thread title, that's both contracts adding up to a 4.6 cap hit for this year..
Even better.Bpk and Colorado Dolfan like this. -
Hartline only counts $2.1M against the cap this year, Moore is $2.5M.
Next year Moore counts $5.5M but we save $4M of that if he is cut.Bpk likes this. -
Hartline only costing $2.115m against the 2013 cap is definitely good news, I was expecting $3-4m.
And the contract looks not too painful to get out of after the first two years...if we need or want to, which hopefully isn't the case! -
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The amount of money actually changing hands for 2013 between the two players is $11.715 million. That means the Dolphins are deferring $7.1 million of DEAD WEIGHT into the future.
Always keep that in mind. Always.
People talk about "back loading" a contract and I'm not sure they realize that the salaries are back loaded in almost direct symmetry to the FRONT LOADING of the contracts in the way of bonuses.
Matt Moore is going to make $4.0 million in 2013. That's the money that will enter his bank account. His average contract value over the 2 year life of the contract is...wait for it...$4.0 million!
Brian Hartline will make $12.5 million in 2013 and 2014 (average: $6.25 million per year). That's the money that will enter his bank account. The average contract value over the 5 year life of his contract? Wait for it...$6.15 million! Funny how that works, eh?
This is why I always use the average contract values when I'm doing the napkin math about how much salary cap I have left. Oh sure, you can "massage" a little bit more out of it in the near term...at a ONE FOR ONE expense against your future salary caps. It's just borrowing. Nothing is free.Bpk, Boik14, Mile High Fin and 3 others like this. -
The good news is that now the NFL allows free transfer of cap space from present years to future years.
Are the Dolphins shoving $7.1 million of money paid into the future via dead weight? Absolutely. But they can counter that by maintaining $7.1 million in cap space under the 2013 Salary Cap, and then having that $7.1 million in cap space transferred to 2014.Boik14, Mile High Fin, Steve-Mo and 1 other person like this. -
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Bout time we reap the benefits from the Dawn Aponte hiring!
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The Hartline cap figure is nice work, good to see some attempt to offset that contract's impact on the cap in this particular season.
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Claymore95 and Bpk like this.
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No, this is impossible. Everyone told me what horrible deals these were.
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On a serious note, there was something I was thinking about today that I hadn't seen mentioned. How great will the Moore signing be if after some time the Dolphins feel good about Devlin as backup, and a QB needy team pays a decent draft pick in a trade for him? Not only would that give you peace of mind knowing you are in good shape at QB in the short term, but you can parlay that into future value.
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If someone said to you that we shouldn't have paid Hartline $6.2 million a year, and that's why the deal is bad, what did any of these details change about that argument? They didn't change anything.
Bpk likes this. -
I really am confused by what you do not like about the deal CK. Maybe the breakdown is a little confusing but its 2.5 this year, and after three years we can cut him for only one million, right?
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Whether you expense that $12.5 million over 2 or 3 years doesn't really matter to me. It's $12.5 million for 2 years of football service...at the least. It's $6.25 million a year.
You have to understand, now that the salary cap space is freely tranferrable from year to year, I think ultra long term. I don't think, hey I've got $123 million of cap space in 2013 woo hoo. I think more along the lines of, cool I've got $650 million to commit how I want over the next 5 years. Brian Hartline just took $12.5 million of that $650 million for 2 years of football. And if I want that to be 3 years of football it's going to cost me $18.4 million. And if I want it to be 4 years of football, it's going to cost me $24.5 million. And finally, if I want it to be 5 years of football, $30.6 million.
It's all in one big pot. Money paid is money paid. That's how you have to think of it.
Do I think Brian Hartline should get $6.2 million per year from us when there are so many other options out there cheaper? Personally, no. I don't think so. I'm not going to commit suicide over it. They accepted 60 cents on the dollar for fear of ending up getting a guy that turns out to be a bust.Bpk likes this. -
So CK, if I am understanding what you are saying about the break down, they simply deferred the cap to later years and even if he were cut after the next season we will still be hit for 6.2 mil on the cap even with him being gone?
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If we cut him after 2 years we will get an accelerated one time hit of $4.2M for that year. Since he is scheduled to make $7.35M we get a cap saving of $3.15M.
So in a very simple formula, if Hartline doesn't perform and you cut him after 2014 you could sign a replacement on a 1 year deal for $3.15M your cap number is the same but you then get the big saving of $7.55M the next year (as that was Hartline's number for 2016).Nappy Roots likes this. -
understand. Sounds like a solid deal to me.
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Bpk likes this.
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It's a good contract for us IMO. Only the first two years' base salaries are guaranteed. The bonus of $7m is also guaranteed. After the 2nd year, if you decide to cut him, you are saving cap room as follows:
2015 $3.15m
2016 $4.75m
2017 $6.15m
The dead money on the $7m guaranteed bonus in those 3 years is:
2015 $4.2m
2016 $2.8m
2017 $1.4m
What gets teams into trouble with the cap is when they rework a deal in say the 3rd year to save money against the cap (converting salary to bonus). The Dolphins don't do this as much as they used to and hopefully they keep it that way. -
How you expense it from there is just a matter of accrual accounting. But it gets expended one way or another. Shifting off some of the expense into 2015 as opposed to just 2013 and 2014 is not inherently "better". When you get to 2015 you'll certainly wish you expended it all in 2013 and 2014.Mile High Fin and Bpk like this. -
It is what it is. It is a $6.2 million per year deal, through and through. The fact that you're only expensing $2.115 million of it this year just means that $4.1 million has to be expensed some time in the future. Either way he's getting $6.2 million for every year he plays football for you.
You can try and lose yourself in the maze of accrual accounting if you wish. Cash flow is what matters.Mile High Fin and Bpk like this. -
Sceeto likes this.
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This is no different than using credit cards to buy something and celebrating that you got it for this month's minimum payment on the bill, when there is a balance out there that will need to be paid at some point... and it may be at a time when you would rather be spending your money on new things, not things you bought a year or two ago.Mile High Fin and dolfan22 like this.