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Thread: Looking at Idzik's Multi-Year Contracts

  1. #1

    Looking at Idzik's Multi-Year Contracts

    Gang Green Nation has a neat look into the contracts Idzik has given so far. It's worth a look - sorry for the formatting below, it's much more readable within the article:

    http://www.ganggreennation.com/2014/...year-contracts

    What's clear is that Idzik is smartly designing his contracts to give the team greater flexibility towards the end of the deals, right at the time we are going to need to extend some key players of our own. I'm especially a fan of the Folk deal. These types of cap space-contextual deals are pretty much standard for any good GM in this league, but to hear some of the criticism on here about him being a "rookie GM over his head", it's clear the guy knows what he's doing, and those who are provocatively anti-Idzik on here should give a read and give the guy a little credit.



    2013 Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap # Dead Money Cap Savings
    Barnes
    Year 1 $750,000 $300,000 $0 $0 $1,050,000 $900,000 $150,000
    Year 2 $1,200,000 $300,000 $0 $0 $1,500,000 $600,000 $900,000
    Year 3 $1,200,000 $300,000 $0 $0 $1,500,000 $300,000 $1,200,000
    Goodson
    Year 1 $715,000 $333,333 $0 $0 $665,275 $1,000,000 -$334,725
    Year 2 $1,000,000 $279,412 $0 $0 $1,279,412 $558,824 $720,588
    Year 3 $1,500,000 $279,412 $850,000 $0 $2,629,412 $279,412 $2,350,000
    Ivory
    Year 1 $750,000 $750,000 $0 $0 $1,500,000 $2,250,000 -$750,000
    Year 2 $1,000,000 $750,000 $0 $0 $1,750,000 $1,500,000 $250,000
    Year 3 $2,000,000 $750,000 $0 $0 $2,750,000 $750,000 $2,000,000
    Landry
    Year 1 $850,000 $325,000 $0 $0 $1,175,000 $650,000 $525,000
    Year 2 $1,500,000 $325,000 $0 $0 $1,825,000 $325,000 $1,500,000
    Nelson
    Year 1 $555,000 $0 $0 $0 $424,412 $0 $424,412
    Year 2 $645,000 $0 $0 $0 $645,000 $0 $645,000
    2014 Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap # Dead Money Cap Savings
    Decker
    Year 1 $2,500,000 $1,500,000 $0 $0 $4,000,000 $15,000,000 -$11,000,000
    Year 2 $5,000,000 $1,500,000 $0 $0 $6,500,000 $11,000,000 -$4,500,000
    Year 3 $6,500,000 $1,500,000 $0 $0 $8,000,000 $4,500,000 $3,500,000
    Year 4 $7,250,000 $1,500,000 $0 $0 $8,750,000 $3,000,000 $5,750,000
    Year 5 $7,500,000 $1,500,000 $0 $0 $9,000,000 $1,500,000 $7,500,000
    Folk
    Year 1 $1,500,000 $0 $2,100,000 $0 $3,600,000 $2,100,000 $1,500,000
    Year 2 $2,650,000 $0 $0 $0 $2,650,000 $0 $2,650,000
    Year 3 $2,750,000 $0 $0 $0 $2,750,000 $0 $2,750,000
    Year 4 $3,000,000 $0 $0 $0 $3,000,000 $0 $3,000,000
    Giacomini
    Year 1 $1,000,000 $625,000 $1,000,000 $0 $2,625,000 $7,000,000 -$4,375,000
    Year 2 $4,500,000 $625,000 $0 $0 $5,125,000 $4,375,000 $750,000
    Year 3 $4,500,000 $625,000 $0 $0 $5,125,000 $1,250,000 $3,875,000
    Year 4 $4,500,000 $625,000 $0 $0 $5,125,000 $625,000 $4,500,000
    Cumberland
    Year 1 $900,000 $0 $1,000,000 $0 $1,900,000 $1,000,000 $900,000
    Year 2 $1,900,000 $0 $0 $0 $1,900,000 $0 $1,900,000
    Year 3 $1,900,000 $0 $0 $0 $1,900,000 $0 $1,900,000
    Pace
    Year 1 $1,375,000 $125,000 $1,000,000 $0 $2,500,000 $1,000,000 $1,500,000
    Year 2 $2,375,000 $125,000 $0 $0 $2,500,000 $125,000 $2,375,000

  2. #2
    Bewildered Beast
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    John Idzik won't respond to my Friend Request. The ball is in his court.

  3. #3
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    Quote Originally Posted by WestCoastOffensive View Post
    John Idzik won't respond to my Friend Request. The ball is in his court.
    Probably figures you're the type that likes his contract back-loaded... if you know what I mean.












  4. #4
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    Not exactly a revelation. All teams do this. Which is why a contract is usually no longer than 3-4 years, even when it is written for 6 years...

  5. #5
    Quote Originally Posted by 24 View Post
    Not exactly a revelation. All teams do this. Which is why a contract is usually no longer than 3-4 years, even when it is written for 6 years...
    Your point is a microcosm of this offseason and frankly Idzik's whole tenure here.

    I like what we have done, and also understand "winning Free-agency" isn't the point, but the truth is, what Idzik has done is nothing special, its just what any even semi-competent GM would do. Saying we are "building through the draft" is what every team wants to do so we can't over emphasize that.

    Cuts: None of the cuts from last year were overly strategic risks that worked out. We were so hamstrung by what Tanny did that we had virtually no choice but to let guys like laron landry walk. None of sanchez, holmes or Cro were risks either - all very easy, team friendly decisions.

    Trades: Here is where Idzik has done well as the Ivory deal turned out good and I think he is poised for an even better year this season.

    FA Signings: Decker was a great get at a smart price. Colon was also good last year and we lucked out that his injury proneness came in week 17 and not week 7.

    Draft: We had a great draft but we can't forget the reports (yes tough to substantiate but who knows) that Idzik wanted Geno at 13 and Rex convinced him to take Richardson. Had that happened, the entire shape of this team and our future would be different.

    I think we may get an option to do something with Djax and have a lot of flexibility, but there is still a lot of work for Idzik to do to build this team up.

  6. #6
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    The only downside to the pay up front in form of bonus strategy is that it opens yourself up to holdouts later in the contract should any of the players "outplay" their contract. Then you start hearing about how "this all-star player is only playing for a measly $1.2M dollars...barely above league minimum! (No mention of bonuses paid)"

    Obviously this will be a good problem to have as it means Idzik's signings are performing well and hopefully we don't pick up anyone with that type of character (Revis)...but it will be interesting to see how Idzik handles it if it does show up at some point.

  7. #7
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    Quote Originally Posted by 24 View Post
    Not exactly a revelation. All teams do this. Which is why a contract is usually no longer than 3-4 years, even when it is written for 6 years...
    Not every team, only the ones with the sense to do this.....take a look at the issues Washington and Dallas have been having because of it.

  8. #8
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    I'm not sure if those contracts support your overall point. Just looking at Decker - the most significant and costly acquisition - it seems the opposite is true. His cap hit this year is $4m while the cap hit in year 5 is $9m. If we truly wanted to be flexible, he would have structured the bonus as a roster bonus, took the big cap hit upfront and then we have a really cheap player 5 years from now, giving us maximum flexibility.

    I'm not suggesting he did anything wrong - more like its a pretty standard contract which utilizes a SB to amortize the cap hit. Perfectly standard and completely unnoteworthy, neither worthy of praise or scorn. If your point is that these contracts indicate that he's not in over his head, I'll agree, he handled this aspect of GM'ing fine.

  9. #9
    Rookie GM vs Vet Gm thing is stupid... 1. You're either good or you're not. And 2. Very few guys who are GM's come from previous GM jobs. It is usually a 1 and done position.

  10. #10
    Quote Originally Posted by crasherino View Post
    I'm not sure if those contracts support your overall point. Just looking at Decker - the most significant and costly acquisition - it seems the opposite is true. His cap hit this year is $4m while the cap hit in year 5 is $9m. If we truly wanted to be flexible, he would have structured the bonus as a roster bonus, took the big cap hit upfront and then we have a really cheap player 5 years from now, giving us maximum flexibility.

    I'm not suggesting he did anything wrong - more like its a pretty standard contract which utilizes a SB to amortize the cap hit. Perfectly standard and completely unnoteworthy, neither worthy of praise or scorn. If your point is that these contracts indicate that he's not in over his head, I'll agree, he handled this aspect of GM'ing fine.
    You can't just look at the year 5 cap hit. You also have to look at the cap savings/dead money. Decker has a high cap hit in year 5, at 9M, but can be cut for a savings of 7.5M and only 1.5M in dead money. Which means he's likely to be extended or cut before year 5.

  11. #11
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    Quote Originally Posted by doggin94it View Post
    You can't just look at the year 5 cap hit. You also have to look at the cap savings/dead money. Decker has a high cap hit in year 5, at 9M, but can be cut for a savings of 7.5M and only 1.5M in dead money. Which means he's likely to be extended or cut before year 5.
    Don't disagree. Most contracts don't carry a huge dead money hit in year 5 though. Overall, the structure is pretty standard. It was a fairly reasonable deal, in total. But nothing all that noteworthy, cap-wise in this contract.
    Last edited by crasherino; 03-24-2014 at 10:30 AM.

  12. #12
    Quote Originally Posted by JetFreak89 View Post
    The only downside to the pay up front in form of bonus strategy is that it opens yourself up to holdouts later in the contract should any of the players "outplay" their contract. Then you start hearing about how "this all-star player is only playing for a measly $1.2M dollars...barely above league minimum! (No mention of bonuses paid)"

    Obviously this will be a good problem to have as it means Idzik's signings are performing well and hopefully we don't pick up anyone with that type of character (Revis)...but it will be interesting to see how Idzik handles it if it does show up at some point.
    They have no leverage hold out what do i care there is no cap hit so its a net zero to us and you dont get paid for a year when you dont have much time left i wouldnt worry about that at all

  13. #13
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    Quote Originally Posted by crossfire View Post
    Probably figures you're the type that likes his contract back-loaded... if you know what I mean.











    LOLOLHEYNOWLOLOL

  14. #14
    Quote Originally Posted by WestCoastOffensive View Post
    John Idzik won't respond to my Friend Request. The ball is in his court.
    He's probably afraid you'll post the same crazy stuff on his wall that you do here on JI. He's no dummy.

  15. #15
    Quote Originally Posted by JetFreak89 View Post
    The only downside to the pay up front in form of bonus strategy is that it opens yourself up to holdouts later in the contract should any of the players "outplay" their contract. Then you start hearing about how "this all-star player is only playing for a measly $1.2M dollars...barely above league minimum! (No mention of bonuses paid)"

    Obviously this will be a good problem to have as it means Idzik's signings are performing well and hopefully we don't pick up anyone with that type of character (Revis)...[/FONT]up at some pointbut it will be interesting to see how Idzik handles it if it does show .
    oh i think we all know how he's gonna handle it...

  16. #16
    Quote Originally Posted by doggin94it View Post
    You can't just look at the year 5 cap hit. You also have to look at the cap savings/dead money. Decker has a high cap hit in year 5, at 9M, but can be cut for a savings of 7.5M and only 1.5M in dead money. Which means he's likely to be extended or cut before year 5.
    agreed...

  17. #17
    Bewildered Beast
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    Quote Originally Posted by southside View Post
    He's probably afraid you'll post the same crazy stuff on his wall that you do here on JI. He's no dummy.
    You might be crazy if you think I'd post anything other than LOL to Facebook. That's my IRS name!

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