Bill Johanesen
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Once a player reaches the void years portion of their contract and they are not re-signed to a new contract for that team, all the bonus money prorated onto the void years is accelerated to that year for cap purposes. For example, the current remaining contract for Vikings quarterback Kirk Cousins reads as follows: 2023: Base Salary: $10 million, Prorated Bonus: $10.25 million, Cap Number: $20.25 million 2024 (Void): Base Salary: $42.5 million, Prorated Bonus: $10.25 million, Cap Number: $28.5 million 2025 (Void): Base Salary: $42.5 million, Prorated Bonus: $10.25 million, Cap Number: $0 million 2026 (Void): Base Salary: $42.5 million, Prorated Bonus: $4 million, Cap Number: $0 million 2027 (Void): Base Salary: $42.5 million, Prorated Bonus $4 million, Cap Number: $0 million Some of the prorated bonuses ($6.25 million in 2023, 2024, and 2025) were left over from the 2022 extension of Cousins, while the remaining $4 million per year was from the 2023 restructure. All that void year money ($28.5 million) is set to count against Minnesota’s cap in 2024 unless Cousins were to sign another extension to stay in Minnesota, in which case they would simply tack onto a new deal’s cap hits in their respective years. But there is a catch. Those base salaries in 2024-2027, which are effectively dummy numbers that will never be paid, set a cap for a possible future extension. Per the CBA, a player cannot sign a new deal that includes a raise within a year of signing another deal. Cousins’ new deal is, on paper, a 5-year, $200-million deal ($40 million APY), with a $20 million signing bonus (and $180 million in paragraph 5 base salaries), a mark that cannot be exceeded should he sign a deal to remain in Minnesota before the 2024 league year. Given the current market for starting-caliber quarterbacks in the NFL, this would seem to imply that Cousins is going to take a below-market deal or test the market in 2024. The injury might mesh with the talk of a below-market contract, but overall I believe the entire cap situation does not point to signing ANY QB to a substantial contract and instead dovetails with paying one on a rookie deal, i.e. a 1st round pick.
< Message edited by Bill Johanesen -- 11/1/2023 12:48:33 PM >
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