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thebigo -> RE: General Vikes Talk (9/2/2020 4:23:56 PM)
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ORIGINAL: David Levine
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ORIGINAL: thebigo
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ORIGINAL: David Levine
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ORIGINAL: thebigo
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ORIGINAL: David Levine
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ORIGINAL: thebigo
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ORIGINAL: kgdabom
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ORIGINAL: Pager
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ORIGINAL: kgdabom
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ORIGINAL: David Levine
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ORIGINAL: thebigo
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ORIGINAL: Pager
Mixon Details:
Full details on the #Bengals deal for RB Joe Mixon’s 4-year, $48M deal:
— $10M signing bonus. $1.3M base in 2020.
— $8M base in 2021.
— $8M in 2022.
— $9.4M in 2023.
— Club option for $9.6M in 2024.
— $500K each year in playtime and $200K offseason workout bonus each year.
We'd have to backload a little more and 3M in incentives would have to be upped to 8-12M. Only 19M guarantted.
Not sure how that adds up to 48 million for four years
Mixon's deal?
10M Signing bonus
8M in 2021
8M in 2022
9.4M in 2023
9.6M in 2024
2M Playtime bonus
800K workout bonus
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47.8M
Seems close enough to call 48.
The numbers you provided might add up to 47.8. The numbers he was questioning didn't.
I was projecting what I would do for a Cook contract. Less base, more incentives. It's why I said "We'd" meaning the Vikings and implied a contract for Cook. We are also tighter against the cap and the contract would probably have to be backloaded more.
I was looking at his pay for 20-23 since you were showing the 5th year as an option. I should have been looking at 21-24. That's where I got the disconnect between your numbers and DLs. My apologies to DL as his numbers were the same as yours except spread over 5 years not 4.
11.3M of that money is not in years 21-24
It's a 4 year extension. The 10M signing bonus is new money and part of the 48M.
It's still a 5 year deal
If that makes you feel vindicated instead of calling it a 4 year extension, all the more power to you.
But he signed a 4 year extension. The 1.3M base salary for 2020 is the final year of his rookie contract. The Bengals just split the bonus money into all 5 years he's under contract instead of the 4 new ones so he gets an extra 2.7M this year.
He gets the full $10M SB this year, the cap hit is pro-rated over 5 years. Oh it feels so good saying that.
You're right about when the bonus is paid. But it also doesn't change his contract for this year.
Still a 4 year extension. Still worth 48M.
Actually, it'll probably end up a 3 year extension worth 38M.
I guess my real thoughts are the cap hit averages just under $10M for the next 5 years. Like 3.3, 10, 10, 11.4, 11.6. Where 4 year extension for $48M makes it sound like a yearly $12M cap hit.
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