Larry Fitz: $16.485 million Cap Charge for 2008 (1 Viewer)

[KellysHeroes]

I have never heard of such a high hit in my life.... atleast for a WR.

8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

 

[redman]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

 

[KellysHeroes]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

I wouldn't call 16.5M Ordinary....

 

[redman]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

I wouldn't call 16.5M Ordinary....

You're completely missing the point. Neither the player nor the team ever expected that amount to get paid. It's there 1) to backload the contract to reduce the front-end cap hit, and 2) to boost the player's ego at the time of signing so he can proclaim, "I signed a contract worth $[big number]!!!" Trust me, I'm well acquainted with this stuff as my team, the Redskins, has turned it into an art form (if not a successful way to build a winning team). So yeah, it's ordinary.

 

[North]

Yeah, don't expect to see Fitz see anything close to 16 million this season. He will have to restructure it or he will be gone and some other team will restructure it, with a heavy signing bonus to make it worth doing on his end. The only real money these football players see is what they get up front.

 

[delusional]

Eagles

 

[Andy Dufresne]

Come home, Larry. Come home.

 

[teamroc]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

I wouldn't call 16.5M Ordinary....

I guess you missed the Steve McNair 50M cap hit from a few years back. As other said, it's not that crazy.

 

[NEUPJ]

I guess you missed the Steve McNair 50M cap hit from a few years back. As other said, it's not that crazy.

His cap hit was only $24mm wasn't it? (I'm not sure "only" is the right word to use there"

 

[cstu]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

I wouldn't call 16.5M Ordinary....

You're completely missing the point. Neither the player nor the team ever expected that amount to get paid. It's there 1) to backload the contract to reduce the front-end cap hit, and 2) to boost the player's ego at the time of signing so he can proclaim, "I signed a contract worth $[big number]!!!" Trust me, I'm well acquainted with this stuff as my team, the Redskins, has turned it into an art form (if not a successful way to build a winning team). So yeah, it's ordinary.

Got to love the reactionaries. Can't wait until next year when people are freaking out that Fitz is so underpaid at $1.355 million.

 

[Ted Lange as your Bartender]

So if the occasional rumblings are true about Fitz wanting out of Arizona (no I don't have a link, I'm sure there's old threads on this topic that could be bumped), he's holding all the cards here. Unless he's ready to be a Cardinal for Life (at least through his 20's), he tells them to take a flying leap when they approach him for a restructuring. If he gets cut, he makes HUGE money on the FA market no matter what. ETA - if the Cards try to trade him, he also controls that since any team wanting to acquire him would also want to restructure the deal. So he can control where he lands to a degree.

As much as I hate to say it, he'd be awesome in Dallas opposite TO for a year, and then as heir apparent to the #1 WR spot there.

 

[Road Warriors]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Whats the cap hit on cutting him?

 

[Road Warriors]

Yeah, don't expect to see Fitz see anything close to 16 million this season. He will have to restructure it or he will be gone and some other team will restructure it, with a heavy signing bonus to make it worth doing on his end. The only real money these football players see is what they get up front.

I agree with your premise that he won't get the 16 under the current contract, and he will have to restructure the deal, but it wouldn't surprise me to see him get something near the 16 million for this year. Restructure usually comes with an extension, and that extension will have more up front money to spread over a few more years.

 

[Yitbos69]

So if the occasional rumblings are true about Fitz wanting out of Arizona (no I don't have a link, I'm sure there's old threads on this topic that could be bumped), he's holding all the cards here. Unless he's ready to be a Cardinal for Life (at least through his 20's), he tells them to take a flying leap when they approach him for a restructuring. If he gets cut, he makes HUGE money on the FA market no matter what. ETA - if the Cards try to trade him, he also controls that since any team wanting to acquire him would also want to restructure the deal. So he can control where he lands to a degree.As much as I hate to say it, he'd be awesome in Dallas opposite TO for a year, and then as heir apparent to the #1 WR spot there.

You hit the nail on the head with this one.......Fitz is in a great position

 

[hickbones]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

I wouldn't call 16.5M Ordinary....

You're completely missing the point. Neither the player nor the team ever expected that amount to get paid. It's there 1) to backload the contract to reduce the front-end cap hit, and 2) to boost the player's ego at the time of signing so he can proclaim, "I signed a contract worth $[big number]!!!" Trust me, I'm well acquainted with this stuff as my team, the Redskins, has turned it into an art form (if not a successful way to build a winning team). So yeah, it's ordinary.

If they restructure this year, doesn't a percentage of the 16.5m still hit the cap this year? I don't know how that stuff works. Can they renegotiate and have the current cap hit from the previous contract go away completely?

 

[AB in DC]

Some portion would still hit the cap, but that would depend on what the original signing bonus was and how long ago it was paid.

 

[redman]

I have never heard of such a high hit in my life.... atleast for a WR. 8/2/2004: Signed a six-year, $60 million contract. The deal includes $20.4 million in guarantees. 2008: $14.592 million, 2009: $1.355 million, 2010: Free Agent. Cap charges: $16.485 million (2008).

Obviously that was structured to accomplish a renegotiation and extension after the fourth season. Pretty ordinary for a high profile player.

I wouldn't call 16.5M Ordinary....

You're completely missing the point. Neither the player nor the team ever expected that amount to get paid. It's there 1) to backload the contract to reduce the front-end cap hit, and 2) to boost the player's ego at the time of signing so he can proclaim, "I signed a contract worth $[big number]!!!" Trust me, I'm well acquainted with this stuff as my team, the Redskins, has turned it into an art form (if not a successful way to build a winning team). So yeah, it's ordinary.

If they restructure this year, doesn't a percentage of the 16.5m still hit the cap this year? I don't know how that stuff works. Can they renegotiate and have the current cap hit from the previous contract go away completely?

Salary is irrelevant to the cap if it's not paid. Whether they cut him or extend him, that $16.5M salary will be off the books; the only things that will count on the Cardinals' books if they renegotiate are:1) residual pro-rated bonus from the 2004 contract; 2) pro-rated bonus for the new 2008 contract (calcuated as $bonus times 1/years of the contract);3) salary for the new 2008 contract.

 

[Phurfur]

Why would he restucture?

 

[teamroc]

I guess you missed the Steve McNair 50M cap hit from a few years back. As other said, it's not that crazy.

His cap hit was only $24mm wasn't it? (I'm not sure "only" is the right word to use there"

You're right.Steve McNair 23.46 million salary cap hit for 2006. Which is why they didn't want him working out, so they wouldn't be liable for it.

 

[ShaqAttaq]

Why would he restucture?

it's better than getting cut on the eve of the season, when his options for a new deal are limited.

 

[RC94]

Why would he restucture?

it's better than getting cut on the eve of the season, when his options for a new deal are limited.

The options for a player of Fitzgerald's caliber won't be limited, regardless of the timing.

 

[KellysHeroes]

Why would he restucture?

it's better than getting cut on the eve of the season, when his options for a new deal are limited.

Zona would have to cut him sooner than that... then there are no FA WRs to fill his spot if they wait that long. And if they did cut him like; theres always a decent team w/ cap space to get him 2 too 3M the 1st yr. There is only a few decent FA WRs on the market too replace Fitzy (if; what a great yr to be Larry. He truly does hold all the cards... if Zona doesn't give in to whatever demands hes making... he can simply say good bye (i believe if they cut him, he gets some of that $$) and then he would become the #1 FA in the market... offensively anyway.

 

[trader jake]

Who says the Cardinals want to reduce that cap number? Most teams would, of course, but this is the Cardinals...they would then have that money to spend on other players AND have to pay Larry Litzgerald a large signing bonus. That means they would be spending more cash right now.

Bidwell says, "That's not why we here!"

A few years ago the Cardinals started to shake their cheap label but it's not gone yet.

 

[rzrback77]

Bryant Johnson is also in a decent spot as a FA because he can be pursued by other NFL teams and yet Arizona has to keep an eye on what could happen if both he and Fitz leave. He's of course not in the same boat as Fitz, but he was a first round pick originally by Arizona.

If he signs elsewhere fairly early in the free agency period, the pressure really gets on the Cardinals, unless they switch gears totally with their offensive game plan.

Boldin, on the other hand could suddenly be the only option.

 

[Cardsfan11]

Hold on here...WHo says Fitz wants out of Arizona:

http://www.eastvalleytribune.com/story/107627

 

[Ted Lange as your Bartender]

Howard Eskin interviewed Larry Fitzgerald yesterday on his radio show (610 AM in Philadelphia). During the interview Fitz mentioned that if he were to be traded, the Eagles would be one of four teams he'd be interested in joining. Don't know who the other three teams are.

No link to the audio, but it's been mentioned several times in their updates this morning. Take it for what it's worth.

 

[redman]

Hold on here...WHo says Fitz wants out of Arizona:

http://www.eastvalleytribune.com/story/107627

Players almost never outright say that they want out of a city, the reason being that they don't necessarily want to alienate the fan base needlessly, or in the event that they do in fact resign with their team. It doesn't mean, however, that they're happy where they are. This is just a general comment as I don't have much of a feel in all honesty for Fitz's relationship with his team and that city.

 

[redman]

I don't know this for sure, but I could easily envision the Redskins being one of the teams to seriously pursue Fitz this offseason. He's definitely an elite player, and they definitely need to upgrade at WR.

 

[North]

Why would he restucture?

Because if he doesn't they will cut him, nobody is really able to take on that much money for one player when they have another capable WR across from him and other glaring needs on the team.

 

[gorf]

Why would he restucture?

Because if he doesn't they will cut him, nobody is really able to take on that much money for one player when they have another capable WR across from him and other glaring needs on the team.

that's why arizona would want to restructure. the question was why would HE restructure. the point a few other posters have made is that getting cut may not be that bad of an outcome for him.

 

[KellysHeroes]

Why would he restucture?

Because if he doesn't they will cut him, nobody is really able to take on that much money for one player when they have another capable WR across from him and other glaring needs on the team.

that's why arizona would want to restructure. the question was why would HE restructure. the point a few other posters have made is that getting cut may not be that bad of an outcome for him.

The more I think about this... getting cut or released might be a better option than resigning.

 

[North]

Why would he restucture?

Because if he doesn't they will cut him, nobody is really able to take on that much money for one player when they have another capable WR across from him and other glaring needs on the team.

that's why arizona would want to restructure. the question was why would HE restructure. the point a few other posters have made is that getting cut may not be that bad of an outcome for him.

The more I think about this... getting cut or released might be a better option than resigning.

I agree.

 

[Rev]

Come home, Larry. Come home.

That'd be nice for us... bad for him.