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The Titans agreed to a partial offset (rather than insisting on a full offset) in Marcus Mariota's contract. Aside from that, I believe only the Rams and Jaguars have ever removed offset language from a rookie contract under the current CBA. That would be 2.5 teams rather than "many/most."BigSteelThrill said:
I had "assumed" it was only a condition with some top-10s. http://profootballtalk.nbcsports.com/2016/06/21/battle-over-offset-language-still-lingers-in-top-10-contracts/
Top ten picks are the only ones who have tried to remove that language. It's in there for everyone except for the players who've gotten it removed (i.e., top ten picks selected by the Rams or Jaguars).
Regardless, you need to not be in the situation they are in now. Child like to send out the press release, it churned my stomach. Bunch of 1st graders.
I thought the press release was okay since Bosa's agent had been leaking stuff to the press all along.
Well the way the articles read seems to state its just the top guys... heres one from 2014
I don't agree with this analysis. Everything I've read is that the Chargers are willing to pay 85% of the $17M signing bonus before the end of the calendar year with the remaining 15% in March. People talk about the time value of money, which is accurate, but seriously, how much more money would he be able to earn with roughly $2.5M (15% of $17M) in three months?
I hope the Steelers make an offer week 2 of the season. Our first next year. Pitt makes a deal with with Bosa for about #9 money with fully guaranteed loving!
He cant report, he has to sign and be locked up for 4/5 years. This isnt a one year Franchise Tag. Showing up at week 10 does him almost nothing.
Sorry for the confusion, that is what I meant, sign by week 10. Crabtree and McKinnie signed in-season pre-2011 (Bo Jackson went into the next draft). How much money would he lose if he SIGNS before week 10. What it does is stick it to SD (which he may want to do) while satisfying the minimum requirement to still accrue a year towards his second contract. That is what he gains. My question is what he loses in salary, and does he still get his SLOTTED bonus (at that point, payout structure and offset language probably on SD's terms) as the #3 overall pick.
He can't be traded and he can't speak with any other team until draft day 2017. His only options are to play for San Diego or sit out the year and enter the next draft
Didn't he play LDE at Ohio State (or did he move around - earlier he played with the smaller Noah Spence as bookend DE until he got suspended from the team than expelled from the conference)? He is listed at 6'5", 280 lbs. (only 10 lbs. less than J.J. Watt, a 3-4 DE who can even play some 4-3 DT in even fronts). Guessing he could play 3-4 OLB for PIT, though no idea if he could avoid being a huge liability in coverage (where PIT OLBs do have some responsibility at times).
I've looked, but I can't find an answer to this. His game checks will be about $28K each, so if he sits out 10 games he'll lose $280K in salary. But I'm not certain whether there is room for reducing the bonus amount if he starts missing games. (I'm also not certain exactly how much room there is for playing with the timing. If the Chargers are required to offer a $17 million signing bonus even if he misses ten games, can they offer it all in future years with none in this year? I can't find anything on that...)
Correct. They can't trade the rights to him. The only way they can trade him is by signing him first.
An offer to whom? The Steelers can't trade for Bosa, and they can't sign Bosa unless they draft him next year, in which case he'll make whatever he's slotted to make. I guess the Steelers could trade up (or down) to #9 to make sure they can offer Bosa #9 money, but they can't arrange that with Bosa ahead of time because that would be tampering.
I don't think that's possible because I don't think the Steelers (or anyone else) have sufficient room for Bosa under their rookie salary cap.
It's kind of an issue of semantics.
Hypothetically, what would be the difference in interest between paying 85% and 96.3% in 2016 (11.3% more of the bonus money they would be able to collect interest on until next March or April if they pay the former instead of latter)? I've heard estimates in the neighborhood of several tens of thousands of dollars. I take it Bosa would be losing more (if he signs for the 85% amount) by collecting a larger amount in 2017 as a then CA citizen. If OH state taxes are less than CA, better for him to try to get as much as he can in 2016?
A few things.BigSteelThrill said:
Yeah I hate when owners screw over players but this is the exact reason he should sign too.
You'd want to look at income tax rather than sales tax.
I agree with this. Anytime a player doesn't think the offer is fair he shouldn't sign the contract. But you have to keep in mind that refusing to sign a contract hasn't cost Bosa any $ yet. Which is why all this hand-wringing is stupid. The NFL is a deadline driven environment and always has been.Until Bosa is losing something by holding out then it really means nothing.
It took the Chargers way too long to make a decent offer, but the offer that Bosa most recently rejected was in line with what the other top 5 picks got. The #1 and #5 picks got the offset language removed (without favorable timing on their bonus payments). The #2 and #4 picks did not get the offset language removed, but got favorable timing on their bonus payments. The deal offered to Bosa by the Chargers, with respect to the timing of bonus payments, was not as good as the deal signed by the #2 pick, but was better than the deal signed by the #4 pick (and every other pick lower than #3).
Bosa is a Florida resident -- no state income tax. Whatever portion of his bonus is paid to him in 2016 is subject to no state income tax. Whatever portion of his bonus is paid to him in 2017 is subject to CA state tax. California's highest rate is 13.3%, for taxable income of $1M or more. So if he accepts the current Chargers offer, he will receive ~$2.5M of his signing bonus in 2017, and he will owe ~$332K in state income tax on it. So that's about what it will cost him, though that ignores whatever tax breaks his accountant might come up with to cut into that tax obligation.
By addressing the point of interest, I was trying to figure out how much SD is saving if they pay the other 15% in March or April of 2017 (as opposed to December of 2016)?
