'ChuckLiddell said:
'Slapdash said:
Looks like the cap numbers for Wheeler and Wallace escalate significantly in year two. Wallace goes from about 3 million this year to over 17 next. Not sure what the Ellerbe one looks like. Next year looks like it will be interesting....
$17M against next year's cap? That will kill us next year. Are you confident in these figures? Seems extremely irresponsible. At least on the surface.
Mike Wallace contract numbers interesting So Mike Wallace signed a five-year, $60 million deal, right? It had $30 million in guaranteed money, right?
Well, yes.
And no.
According to spotrac.com (very good website), records at the NFL Players Association and a source who has shared details with me, Wallace actually got $27 million in guaranteed money.
He got an $11 million signing bonus plus a guaranteed $1 million base salary in 2013. And his 2014 base salary of $15 million is guaranteed. That's $27 million guaranteed.
But the Dolphins also gave Wallace a $3 million guarantee if he's injured. That one only applies if the player's career ends and he cannot play out the final years of his deal.
So the agent can truthfully say it is a $30 million guarantee.
The beauty of the contract is Wallace's cap number is only $3.2 million in 2013. That's very, very low for a $60 million player.
The beast of the contract, however, is Wallace's cap number in 2014 shoots up to a whopping $17.2 million. That is the highest number of any NFL wide receiver save Larry Fitzgerald.
The numbers drop somewhat the following years. The 2015 base of $9,850,000 plus the $2,200,000 prorated signing bonus make the 2015 cap number a more managable $12.05 million. Interestingly, the base salary becomes completely guaranteed on the fifth day of the league year, according to spotrac.com
That means that if the Dolphins plan to keep Wallace that year, they simply do nothing. But if he has not lived up to his deal the previous two years and the team wants to cut ties, it will do so before that deadline.
Wallace's final two years -- 2016 and 2017 -- are mirror images financially. He's scheduled to earn $11,450,000 both years and cost $13,650,000 against the cap both years.
Read more here:
http://miamiherald.t.../#storylink=cpy