ratoppenheimer
Posts: 9563
Joined: 12/9/2007
From: cascais, portugal...still in exile
Status: offline
|
quote:
ORIGINAL: David F. quote:
ORIGINAL: ratoppenheimer quote:
ORIGINAL: David F. quote:
ORIGINAL: thebigo quote:
ORIGINAL: ratoppenheimer . . below is an explanation of hunter's revised contract - imo it looks very advantageous for the Vikings, the details not being what many journalists had described...the new deal is through the 2023 season like before...the balance on the new deal is the exact amount that was on the original contract, but we're giving much of it to hunter upfront - $5m+ in 2021 and $18m in 2022 - to keep the salary cap hits low, the $18m can be converted into a signing bonus that is spread out through the remaining '22 and '23 years and two dead years beyond that.... people talk about it like they expect the vikings and hunter's people to work out another new deal in early 2022, but if that doesn't happen this deal will suffice.... Hunter’s deal originally had three years remaining, and in the reworking Corry said the Vikings added two voidable years, but that they have added no new money. Most notably, the Vikings moved $7.25 million of salary from 2023 to 2022 and provided an $18 million roster bonus due on the fifth day of the new league year next March. Corry said the $18 million could end up being converted to a signing bonus and spread out over four years. It’s likely the deal will be redone again in some manner by next March. But in the event there are issues with negotiations, Corry said there is language in the contract likely eliminating any possibility of a 2022 holdout by Hunter. “If they’re at an impasse, they’re miles apart, they’ll convert the ($18 million) bonus and then go from there,” Corry said on the podcast. “And he’s now boxed himself in where he will lose this $18 million if he has a training-camp holdout. Smart move by the Vikings. … They didn’t give him a hammer of leverage where they’re basically at his mercy and have to do what he wants to get done, and otherwise they have to cut him.” NFL Media previously reported some details on Hunter’s contract. Corry confirmed Hunter will have $5.6 million of his $12.15 million base salary in 2021 converted to a signing bonus. Because two voidable years were added to the deal, there will be $1.12 million counting on the salary cap in each of next five seasons through 2025, enabling Minnesota to save $4.48 million on the cap in 2021. Corry said on the podcast that Hunter’s cap number will drop from $17.25 million to $12.77 million in 2021. He said the Vikings will pay his $100,000 workout bonus even though he missed OTAs and will guarantee a $500,000 roster bonus he has for games played. So that leaves him with all of his $12.75 million guaranteed in 2021 after previously having just $3.3 million guaranteed. Although Hunter’s contract is likely to be reworked by next March, Corry said Hunter is now on the books for a $26.12 million cap number in 2022, but it could be dropped to $12.62 million if the $18 million roster bonus is turned into a signing bonus and spread out. In addition to the $18 million, Hunter also has on the books in 2022 a $1.4 million base salary, a $500,000 roster bonus for games played and a $100,000 workout bonus. Corry said Hunter is now on the books in 2023 for a $4.9 million base salary, $500,000 games-played bonus and a $100,000 workout bonus for a total of $5.5 million. Corry said a total of $38.25 million had been left on Hunter’s contract before the reworking, and that hasn’t changed. With the Vikings saving $4.48 million on the cap for 2021, they now have about $14.8 million of cap room. That number will drop to about $14.5 million when third-round draft picks Chazz Surratt, Wyatt Davis and Patrick Jones II are signed since they will displace other players on Minnesota’s top-51 salary list. So essentially the only good for Hunter out of this is "So that leaves him with all of his $12.75 million guaranteed in 2021 after previously having just $3.3 million guaranteed."? I understand wanting the money guaranteed, but what would have driven his worries about not getting it all anyway? The way I understand it was that Hunter's main worry was that he comes out in 2021 and delivers on the same level he did in 2018 and 2019 and would be still stuck in a contract that paid him about $13 million per year. With the change, he now gets $12.75 million up front and if he plays awesome then he gets $20 million in 2022 at a minimum but most likely gets a lucrative extension because the cap hit is $26 million. He's betting on himself. we can lower the cap hit by converting the $18m to a signing bonus - that takes $13.5m out of the 2022 cap hit.... maybe hunter just loves up front money.... If hunter balls out in 2021 the team will redo his deal. The object of being a franchise is to win a title - not see how low you can pay your most talented and productive players. This whole ‘you signed a deal now live up to it’ line of thinking is absurd. nobody is making that argument - for sure hunter deserves a higher annual number, but you have to assume that the new language was agreed upon for a reason - as a fallback - the way it was first presented, last week, was that the $18m was a guarantee that the vikings either redo the deal or let hunter go, but now the $18m is starting to look like something that the team could live with...it's more of a curiosity than anything.... .
< Message edited by ratoppenheimer -- 6/23/2021 12:36:44 PM >
_____________________________
the journey...is paradise.
|