The NFL Teams Creating Fake Contracts

[BigKen]

They all need cap space and some worse than others.

Kansas City Chiefs and Patrick Mahomes are "Redoing" his half billion dollar contract. The new contract will save the Chiefs $17M against he cap in 2021.

The Tampa Bay Buccaneers and Tom Brady have just torn up his contract and replaced it with a Four year extension with three of the years voidable. Tom saaves the Bucaneers $19M in 20231 allowing them to resign Shaquille Barrett and Rob Gronkowski.

The truth is that these teams are just the first to start redoing contracts before Wednesday's start of the 2021 season. All this allows them to do is spread the money over the length of the new contract as long as that player is on the the roster.

No one is exactly sure how much money anyone will actually make, but somewhere there is an amount that will eventually have to b paid and most likely it will be dead money. No matter what the Chiefs do, they have to somehow pay the $141M guarantee in the original contract. $14.1 of that is due in 2021,regardless of what they do. Somerhow they're going to play a game that will save them $17M according to Adam Shefter. Is Mahomes going to play 2021 for free? Apparently, in the end, Mahomes will make more money than he originally would have made with his old contract.

Why the hell bother with contracts? No one intends to keep them and no one honors them. Time for the unions and the leagues to start closing the loopholes because they will eventually come back and bite them in the ass.

 

[Southieinnc]

They all need cap space and some worse than others.

Kansas City Chiefs and Patrick Mahomes are "Redoing" his half billion dollar contract. The new contract will save the Chiefs $17M against he cap in 2021.

The Tampa Bay Buccaneers and Tom Brady have just torn up his contract and replaced it with a Four year extension with three of the years voidable. Tom saaves the Bucaneers $19M in 20231 allowing them to resign Shaquille Barrett and Rob Gronkowski.

The truth is that these teams are just the first to start redoing contracts before Wednesday's start of the 2021 season. All this allows them to do is spread the money over the length of the new contract as long as that player is on the the roster.

No one is exactly sure how much money anyone will actually make, but somewhere there is an amount that will eventually have to b paid and most likely it will be dead money. No matter what the Chiefs do, they have to somehow pay the $141M guarantee in the original contract. $14.1 of that is due in 2021,regardless of what they do. Somerhow they're going to play a game that will save them $17M according to Adam Shefter. Is Mahomes going to play 2021 for free? Apparently, in the end, Mahomes will make more money than he originally would have made with his old contract.

Why the hell bother with contracts? No one intends to keep them and no one honors them. Time for the unions and the leagues to start closing the loopholes because they will eventually come back and bite them in the ass.

Writing contrcts. Changing contracts to delay payment is old news. Good for plyers. Maybe good for franchises.
Why would the NFL inhibit teams/ players from negotiating?

 

[Fountain City Blues]

Not the least bit surprising given how the contract was set up. Won't be the last time this is done.

 

[Clayton]

Why would anyone get mad at teams moving cap money around in a COVID year?

 

[cdumler7]

They all need cap space and some worse than others.

Kansas City Chiefs and Patrick Mahomes are "Redoing" his half billion dollar contract. The new contract will save the Chiefs $17M against he cap in 2021.

The Tampa Bay Buccaneers and Tom Brady have just torn up his contract and replaced it with a Four year extension with three of the years voidable. Tom saaves the Bucaneers $19M in 20231 allowing them to resign Shaquille Barrett and Rob Gronkowski.

The truth is that these teams are just the first to start redoing contracts before Wednesday's start of the 2021 season. All this allows them to do is spread the money over the length of the new contract as long as that player is on the the roster.

No one is exactly sure how much money anyone will actually make, but somewhere there is an amount that will eventually have to b paid and most likely it will be dead money. No matter what the Chiefs do, they have to somehow pay the $141M guarantee in the original contract. $14.1 of that is due in 2021,regardless of what they do. Somerhow they're going to play a game that will save them $17M according to Adam Shefter. Is Mahomes going to play 2021 for free? Apparently, in the end, Mahomes will make more money than he originally would have made with his old contract.

Why the hell bother with contracts? No one intends to keep them and no one honors them. Time for the unions and the leagues to start closing the loopholes because they will eventually come back and bite them in the ass.

The NFL would not be able to have a season this upcoming year unless they either A) Did exactly this of rework deals to have the cap hits in later years when the cap most likely has gone up again or B) Completely rewrite the CBA which would be about impossible when meetings and such in person still are not happening.

All of this is allowed by the CBA. It does mean those teams doing all of this will see some slimmer years in the future but they otherwise could not put together a competitive team.

 

[molsaniceman]

Writing contrcts. Changing contracts to delay payment is old news. Good for plyers. Maybe good for franchises.
Why would the NFL inhibit teams/ players from negotiating?

bigger question is why would a pats fan be upset about this? if not for this brady isnt their qb for 20 years

 

[BigKen]

All I'm saying is that teams continually mismanage money. Contracts are constantly being changed and renegotiated. I know it's historic in the NFL, but no other league does it like the NFL. Certainly not MLB or NBA. The problem in the NFL is that every team has a capologist who estimated the future cap and teams like the Chiefs wrote out a a half billion dollar contract anticipating unbridled growth.

So here we are in 2021 after a year of empty stadiums and near zero revenue for every team yet certain teams are horribly over the cap and others are under it.

All I'm saying is that the league should institute a rule that would make renegotiating contract have a cost associated with it, Like half of the contract would be applied to that year's cap, not just that year, half of the entire contract. That would make contracts much more solid and teams might be less likely to cut fifteen player because the contracts were much better written . Brady rewrote his contract and saved the Bucs #19M but spread the money over the next four years ib his voidable contract. Christ only knows what kind of bullshit the Chiefs are pulling with the Mahomes contract.
Personally, I think the guaranteed money from that contract ($141M) should come due now and go against this year's and any future cap until it's exhausted. I don't think that the old contract guarantees should be allowed to be re-spread if the new contract is written for 20 years.

 

[jarntt]

Philly is screwed in part because of Howie spreading Signing Bonuses over 4 years on 3 year deals and automatically creating dead money while also structuring huge cap hits in outer years as compared to year one. It's just stupid and reckless. No one does it as often as Philly but others do it as well. Dallas just did it with Dak. You can do it on one or two players and be fine. If you do it on every contract you screw yourself eventually like Philly is now finding out

 

[Southieinnc]

bigger question is why would a pats fan be upset about this? if not for this brady isnt their qb for 20 years

Ken gets mad at everything. He is spoiled by all the winning.....

 

[R.J. MacReady]

All I'm saying is that teams continually mismanage money. Contracts are constantly being changed and renegotiated. I know it's historic in the NFL, but no other league does it like the NFL. Certainly not MLB or NBA. The problem in the NFL is that every team has a capologist who estimated the future cap and teams like the Chiefs wrote out a a half billion dollar contract anticipating unbridled growth.

So here we are in 2021 after a year of empty stadiums and near zero revenue for every team yet certain teams are horribly over the cap and others are under it.

All I'm saying is that the league should institute a rule that would make renegotiating contract have a cost associated with it, Like half of the contract would be applied to that year's cap, not just that year, half of the entire contract. That would make contracts much more solid and teams might be less likely to cut fifteen player because the contracts were much better written . Brady rewrote his contract and saved the Bucs #19M but spread the money over the next four years ib his voidable contract. Christ only knows what kind of bullshit the Chiefs are pulling with the Mahomes contract.
Personally, I think the guaranteed money from that contract ($141M) should come due now and go against this year's and any future cap until it's exhausted. I don't think that the old contract guarantees should be allowed to be re-spread if the new contract is written for 20 years.

Please explain the nightmare scenario in detail if this is not fixed.

 

[jarntt]

Ken gets mad at everything. He is spoiled by all the winning.....

Luckily that won't likely be a problem in the future

 

[Clayton]

Ken gets mad at everything. He is spoiled by all the winning.....

Its almost too transparent to point out, tbh.

All the talk leading up to the Super Bowl (and some of it after cutting the Chiefs OTs) had been talking about the Chiefs trying to be a dynasty and fans can't get caught up in dynasty talk. The Patriots did have a dynasty because they had about a thousand things go right for that to happen. All of the rules in the NFL are put in place to prevent dynasties and without a top shelf QB, a top shelf coach, some excellent draft classes, knowing when to cut players, knowing how to work the cap, having players sign for less than what they're worth, drafting late round players to do valuable things, etc. you aren't going to see any repeat champions let alone dynasties. So its pretty easy to see Ken for what he is.

All good things come to an end. Even great things.

 

[Stakesarehigh]

Why would anyone get mad at teams moving cap money around in a COVID year?

This

 

[Southieinnc]

Its almost too transparent to point out, tbh.

All the talk leading up to the Super Bowl (and some of it after cutting the Chiefs OTs) had been talking about the Chiefs trying to be a dynasty and fans can't get caught up in dynasty talk. The Patriots did have a dynasty because they had about a thousand things go right for that to happen. All of the rules in the NFL are put in place to prevent dynasties and without a top shelf QB, a top shelf coach, some excellent draft classes, knowing when to cut players, knowing how to work the cap, having players sign for less than what they're worth, drafting late round players to do valuable things, etc. you aren't going to see any repeat champions let alone dynasties. So its pretty easy to see Ken for what he is.

All good things come to an end. Even great things.

Yeah but for the Patriots it happens every year!

 

[SteelersPride]

 

[Southieinnc]

Get over it!

 

[SteelersPride]

Get over it!

not sure if serious.

 

[Southieinnc]

not sure if serious.

Rarely.....

 

[SteelersPride]

Rarely.....

figured as much, and knew as much, just checking .....

 

[Dude]