Found February 28, 2013 on SteelBlitz Steelers Blog:
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When it was announced that Antonio Brown had restructured his contract and helped the Steelers clear some cap space in 2013 many fans were quick to start thanking him. For those who aren’t aware of how restructures work they aren’t as heroic as they may sound. Players that restructure their contracts are helping the team by clearing cap space which is good for the team. However, to clear that cap space the players are really just making more money for themselves. When a team restructures a player’s contract they turn part of the base salary into a signing bonus that is earned immediately by the player. That bonus is then prorated over the life of the contract. For instance if a player is set to make $6 million in base salary for the 2013 season and has three years left on his contract they can take $5 million of that base and turn it into a signing bonus. That bonus is then prorated over the life of the contract. Therefore, $1.25 million is added for that year as well as the three remaning years. So that players cap hit for the current season falls from $6 million (plus any bonuses due to them in that year) to $2.25 million (plus those extra bonuses) and they would save the team $3.75 million in cap space. These re-worked deals do help to clear cap space and help teams work around salary cap issues, but as stated before they aren’t exactly heroic moves by the players. These players that restructure receive more guaranteed money up front and don’t take a pay cut of any kind. Restructured contracts are simply a way of moving the money around without the players having to lose any money on their deal. Basically, to be blunt, you’d have to be stupid not to agree with a team if they wanted to restructure your deal because it means more money for you. If a player really wanted to be heroic and help the team they could take a straight pay cut, but those are very rare in the NFL. A pay cut is essentially just a change in base salary number without getting any extra money upfront or moving any money to the future. So those who are ready to praise Brown, Lawrence Timmons, LaMarr Woodley and Ben Roethlisberger for restructuring their contracts just remember that they got more up front money, pushed money into the future, and didn’t take any sort of pay cut. These players are simply getting more guaranteed money up front to help the team clear cap space in the current year only and push more money into future years. The post Players that Restructure Contracts Aren’t as Heroic as They may Seem appeared first on SteelBlitz Steelers Blog.
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