Post by GordonG on Nov 28, 2017 21:30:37 GMT -5
Here are the key numbers:
1 There is no guaranteed money after this year.
2. Salary for 2018 is 10.2mm.
3. Bonus prorated is 6.2mm for 2018 and 2019.
4. Roster bonus for 2018 is 5mm.
Impact of various scenarios:
1. Cutting Eli prior to June 1, 2018 results in 15.2mm savings in actual dollars.
2. The numbers are the same as cutting Eli prior to June 1, 2018 if he agrees to a trade. My understanding is that he has a no trade clause in his contract. A trade might make sense to Eli and the Giants. The impression I have from past media reports is that Eli has no interest in playing for any other team. With 2 Super Bowl rings he does not have the motivation that Peyton had that led to him playing for the Broncos.
3. Cutting or trading Eli after June 1, 2018 spreads the prorating of the bonus over 2018 and 2019. Thus the 2018 CAP is unaffected instead of being being reduced by 6.2mm.
4. Total CAP impact of the pre June 1st vs post June 1st trade cut/trade: Even though there would be a 6.2mm CAP hit in a pre June 1st cut/trade related to the prorating of the bonus, there would be a savings of 15.2mm in salary and roster bonus. Thus the net impact on the CAP would be a 9mm reduction. In a post June 1st scenario, the CAP savings for 2018 would increase to 15.2mm.
5.The CAP savings for 2019 is the same for a pre and post June 1st cut/trade. Eli's CAP number for 2019 is 23.2mm which would be saved since he would no longer by on the Giants roster.
Observations:
1. To a great extent Eli is in the driver's seat. If he wants to be traded which in my opinion is doubtful, the Giants have everything to gain and nothing to lose.
2. If Eli wants to stay with the Giants to mentor Webb, Smith or whomever, he can agree to a revision to his contract that is based on him not starting any games and mutually agreeable to him and the Giants.
3. Obviously Eli has the option of retiring. That would be equivalent to the pre June 1st scenario discussed above. I see the main motivation for him retiring is if he does not want to be on the team as the #2 QB. As I am thinking about, my gut says this is a distinct possibility.
1 There is no guaranteed money after this year.
2. Salary for 2018 is 10.2mm.
3. Bonus prorated is 6.2mm for 2018 and 2019.
4. Roster bonus for 2018 is 5mm.
Impact of various scenarios:
1. Cutting Eli prior to June 1, 2018 results in 15.2mm savings in actual dollars.
2. The numbers are the same as cutting Eli prior to June 1, 2018 if he agrees to a trade. My understanding is that he has a no trade clause in his contract. A trade might make sense to Eli and the Giants. The impression I have from past media reports is that Eli has no interest in playing for any other team. With 2 Super Bowl rings he does not have the motivation that Peyton had that led to him playing for the Broncos.
3. Cutting or trading Eli after June 1, 2018 spreads the prorating of the bonus over 2018 and 2019. Thus the 2018 CAP is unaffected instead of being being reduced by 6.2mm.
4. Total CAP impact of the pre June 1st vs post June 1st trade cut/trade: Even though there would be a 6.2mm CAP hit in a pre June 1st cut/trade related to the prorating of the bonus, there would be a savings of 15.2mm in salary and roster bonus. Thus the net impact on the CAP would be a 9mm reduction. In a post June 1st scenario, the CAP savings for 2018 would increase to 15.2mm.
5.The CAP savings for 2019 is the same for a pre and post June 1st cut/trade. Eli's CAP number for 2019 is 23.2mm which would be saved since he would no longer by on the Giants roster.
Observations:
1. To a great extent Eli is in the driver's seat. If he wants to be traded which in my opinion is doubtful, the Giants have everything to gain and nothing to lose.
2. If Eli wants to stay with the Giants to mentor Webb, Smith or whomever, he can agree to a revision to his contract that is based on him not starting any games and mutually agreeable to him and the Giants.
3. Obviously Eli has the option of retiring. That would be equivalent to the pre June 1st scenario discussed above. I see the main motivation for him retiring is if he does not want to be on the team as the #2 QB. As I am thinking about, my gut says this is a distinct possibility.