CDC retires

[skinsdad62]

not surprising . looks like no one wanted him but he should retire if he is at peace with it

 

[Sportster 72]

I think his come back story is an all-timer. I also think retiring is the right thing for him.

 

[Skin'EmAll]

Movie coming soon

 

[skinz2winz]

He wanted another shot at starting and no team was going to provide that given what everyone saw at the end of last season. It was clear AS was putting himself in harms way. Throwing the WFT under the bus on your way out was BS to me but hey, your comeback story will resonate forever.

 

[Buffalo_Nickel_1]

 

[skinsdad62]

no team was listed , typical

 

[Buffalo_Nickel_1]

 

[countryroads316]

How snowboarding helped Alex Smith realize he should retire

During an interview on ESPN, Alex Smith explained how snowboarding with his family pushed him toward retirement.

www.nbcsports.com

not sure why it took snowboarding to make him realize its time to retire

 

[MHSL82]

not surprising . looks like no one wanted him but he should retire if he is at peace with it

No one was giving him a starting position and I don’t think he wanted to come back to backup for an off chance of playing.

 

[skinsdad62]

No one was giving him a starting position and I don’t think he wanted to come back to backup for an off chance of playing.

i would agree with this

 

[Sportster 72]

I don't know but I think the fact that others looked as him as a coach in uniform and maybe the skiing trip contributed. I think deep down he knew he had hit his pinnacle and made a great choice. I gave him zero chance to ever play again and he proved me wrong but I don't think he was up for a 16 game schedule.

 

[MHSL82]

Could someone help me understand something? If Smith had retired instead of being released, would that change anything capwise or his pay? Just curious.

 

[Sportster 72]

Could someone help me understand something? If Smith had retired instead of being released, would that change anything capwise or his pay? Just curious.

My understanding is no, but there are people here who are more know more about the cap than I do.

 

[skinsdad62]

No because of guaranteed money

 

[Stymietee]

Could someone help me understand something? If Smith had retired instead of being released, would that change anything capwise or his pay? Just curious.

First of all, there was no way in which Alex Smith or the NFLPA would have allowed him to consider retirement. The point of guaranteed contracts that they fought so hard to get, is, by design, so players can still be taken care of in the event of an injury. To walk away from the guaranteed money would be strongly discouraged by the union, and fiscally reckless by Alex. So, even if he had to get to the park for rehabbing and such, then had to uber or FedEx his legs there separately, that's what would have happened rather than forfeiting his guaranteed money.

The answer to your specific question is Yes, he would have forfeited all guaranteed money by essentially self voiding the terms of his contract. He was injured in November 2018 and had he decided to retire in 2019, Washington would have regained all monies owed in 2020 and future years. It's also possible that they might have regained some money in 2019, but that would have depended upon when he retired in that year. It is because of not knowing when that I started with the 2020 season.. Hope that this helps!

BTW: take note of the fact that he retired now, after getting every bit of cash that he could from Washington. THEY released HIM, thus taking on the remainder of all guaranteed monies and cap savings.

 

[MHSL82]

First of all, there was no way in which Alex Smith or the NFLPA would have allowed him to consider retirement. The point of guaranteed contracts that they fought so hard to get, is, by design, so players can still be taken care of in the event of an injury. To walk away from the guaranteed money would be strongly discouraged by the union, and fiscally reckless by Alex. So, even if he had to get to the park for rehabbing and such, then had to uber or FedEx his legs there separately, that's what would have happened rather than forfeiting his guaranteed money.

The answer to your specific question is Yes, he would have forfeited all guaranteed money by essentially self voiding the terms of his contract. He was injured in November 2018 and had he decided to retire in 2019, Washington would have regained all monies owed in 2020 and future years. It's also possible that they might have regained some money in 2019, but that would have depended upon when he retired in that year. It is because of not knowing when that I started with the 2020 season.. Hope that this helps!

BTW: take note of the fact that he retired now, after getting every bit of cash that he could from Washington. THEY released HIM, thus taking on the remainder of all guaranteed monies and cap savings.

OK, thanks. I think he clearly wanted to pay (and the pay) for 2020.

If he had retired in January 2021, that wouldn’t have made a difference, right? Or would he have forfeited 2021 and 2022 dead cap money?

My belief is the signing bonus was already received and the division of that into 2021 and 2022 is just cap management accounting but not newly paid money. He wouldn’t return signing bonus if he self terminated the deal this January, but I might be wrong?

I’m basically wondering if retiring two days ago versus pre-release two months ago makes a difference in anything. I’m thinking he really didn’t know if he wanted to retire. He would have taken a for-sure starting job but wasn’t offered one. Asked for the release because he knew he was going to be released anyway and wanted to see if there was interest out there for starting. Not willing to move his family for just a backup job.

 

[Stymietee]

OK, thanks. I think he clearly wanted to pay (and the pay) for 2020.

If he had retired in January 2021, that wouldn’t have made a difference, right? Or would he have forfeited 2021 and 2022 dead cap money?

My belief is the signing bonus was already received and the division of that into 2021 and 2022 is just cap management accounting but not newly paid money. He wouldn’t return signing bonus if he self terminated the deal this January, but I might be wrong?

I’m basically wondering if retiring two days ago versus pre-release two months ago makes a difference in anything. I’m thinking he really didn’t know if he wanted to retire. He would have taken a for-sure starting job but wasn’t offered one. Asked for the release because he knew he was going to be released anyway and wanted to see if there was interest out there for starting. Not willing to move his family for just a backup job.

His contract was a 4-year deal running from 2018 to 2022, retirement no matter when that happened would have voided all guaranteed monies going forward. The same rules apply as mentioned before about "when" he chose to retire. Keep in mind that all "guarantees" aren't the same.

• Guaranteed for injury: If a player suffers a football injury and cannot pass a physical administered by the team doctor, he would still be entitled to his full salary if the team were to release him. For a player with several future seasons guaranteed for injury only, it would take a career-ending injury for the team to be on the hook for all those future injury-only guaranteed salaries.
• Guaranteed for skill: The most subjective of the three, a player whose talents have significantly declined and is released for skill-related reasons (ie. another player beats him out for a roster spot) would still be entitled to his full salary if that salary is guaranteed for skill.
• Guaranteed for cap purposes: This form of guarantee ensures that a player who is released due to his team’s need to create cap room will still be entitled to his full salary.

A team can use a combination of these forms of guarantees, making a player’s salary guaranteed for injury and skill, for example. In the event that a player’s salary is guaranteed for injury, skill, and cap purposes, we’d refer to that salary as fully guaranteed, since the player would be eligible for his full salary regardless of the reason for his release.

Specific answers to your questions.

If he had retired in January 2021, that wouldn’t have made a difference, right? Or would he have forfeited 2021 and 2022 dead cap money?

Dead money only relates to the organization and what they take on if they decide to rid themselves of a player. Had he retired his action would have an impact on guaranteed money and yes that means prorated money. To be much clearer, signing bonuses are date certain, meaning in contract terms that he theoretically gets a signing bonus for 2019, 2020, 2021, and 2022. A signing bonus, as the name suggests, is an upfront payment a player receives to sign his contract. When it comes to salary cap accounting rules, signing bonuses and P5 salaries are completely different. The amount a player gets to sign can be prorated or spread across the life of the contract (up to a maximum of five years). So, if he got it all up-front, then retired prior to the 2022 season, there would have been some pay-back.

BTW: Paragraph 5 (P5) Salary because its details are set forth in the fifth paragraph of the standard NFL player contract. A player’s P5 salary is the base salary he receives for a given season.

Just know that outside of the entire earth ridding itself of money in all forms, he wasn't going to retire under any circumstance.

 

[Shack]

Guys, who is CDC? Initials aren't ringing any bells for me

 

[skinsdad62]

check down charlie , aka alex smith

 

[Shack]

gotcha, never heard that before. makes sense