2021 Steelers Offseason Thread

nocera
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2021 Steelers Offseason Thread

Postby nocera » Tue Feb 23, 2021 11:11 am

They just write it off.
You don't even know what a write off is.
Do you?
No I don't.

meow
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2021 Steelers Offseason Thread

Postby meow » Tue Feb 23, 2021 11:12 am

They just write it off.
You don't even know what a write off is.
Do you?
No I don't.
Well they do. And they’re the ones writing it off

nocera
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2021 Steelers Offseason Thread

Postby nocera » Tue Feb 23, 2021 11:13 am

They just write it off.
You don't even know what a write off is.
Do you?
No I don't.
Well they do. And they’re the ones writing it off
I wish I had the last 20 seconds of my life back.

willeyeam
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2021 Steelers Offseason Thread

Postby willeyeam » Tue Feb 23, 2021 11:25 am



You don't even know what a write off is.
Do you?
No I don't.
Well they do. And they’re the ones writing it off
I wish I had the last 20 seconds of my life back.
write it off

blackjack68
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2021 Steelers Offseason Thread

Postby blackjack68 » Tue Feb 23, 2021 3:51 pm

We've got ourselves a good old fashioned write off off right here.
Right now.

NTP66
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2021 Steelers Offseason Thread

Postby NTP66 » Tue Feb 23, 2021 6:46 pm


Dickie Dunn
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2021 Steelers Offseason Thread

Postby Dickie Dunn » Tue Feb 23, 2021 6:51 pm

Brees renegotiated his salary from $25Mm down to the veteran minimum of $1.075MM while contemplating his future. Ben should do the same.

tifosi77
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2021 Steelers Offseason Thread

Postby tifosi77 » Tue Feb 23, 2021 7:01 pm

I don't really understand it as I don't follow that closely.

What really confuses me is when a player is traded away and the cap hit stays with the old team. I think Philly is on the hook for some ridiculous dead cap amount for Wentz.
Do you remember 10-ish years ago when NHL teams got in the habit of skirting the salary cap by signing 34-year old free agents to 12-year contracts to thin out their cap hit? Dead cap is meant to prevent that by forcing teams to keep a player's unpaid guaranteed money on their books. (I think the NHL responded to the Marian Hossa type contracts by forcing a sort of dead cap for players over 35 who sign multi-year deals) That's my understanding of, anyway.

Goff is in the same spot, btw; he'll be the highest paid player on the Rams' payroll next year.

Cagsjr724
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2021 Steelers Offseason Thread

Postby Cagsjr724 » Tue Feb 23, 2021 7:49 pm

Ugh why?? This team has no shot at winning a ring. All this does is push back the inevitable rebuild another year.

meow
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2021 Steelers Offseason Thread

Postby meow » Tue Feb 23, 2021 7:52 pm

Brees renegotiated his salary from $25Mm down to the veteran minimum of $1.075MM while contemplating his future. Ben should do the same.
Brees =/= dirtbag
Ben = dirtbag

Ben isn’t taking league min

Faftorial
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2021 Steelers Offseason Thread

Postby Faftorial » Tue Feb 23, 2021 8:01 pm

Brees renegotiated his salary from $25Mm down to the veteran minimum of $1.075MM while contemplating his future. Ben should do the same.
Brees =/= dirtbag
Ben = dirtbag

Ben isn’t taking league min
How does it work that they can reduce the salary so much? Add years to the contract that he won't play in?

meow
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2021 Steelers Offseason Thread

Postby meow » Tue Feb 23, 2021 8:02 pm

I have no idea

Dickie Dunn
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2021 Steelers Offseason Thread

Postby Dickie Dunn » Tue Feb 23, 2021 8:15 pm

The Saints are one step closer to getting under the salary cap, according to a Friday night report. As first reported by Jason Fitzgerald at Over the Cap, the team has renegotiated Drew Brees' contract to free up nearly $24 million for the 2021 deficit. The move lowers his base salary to a little less than $1 million.

By bringing his salary down to the minimum the Saints will be able to hold his salary cap charge at $12.225 million while Brees ultimately decides his own future. If he retires the Saints can then hold him on the roster until June 1 and then place him on the retired list on June 2nd, allowing them to split his $22.65 million in dead money across two years- $11.15 million in 2021 and $11.5 million in 2022.
I think it's literally a "we're keeping your current contract, scratching out the 2021 salary and writing in $1.075" kind of move.

Dickie Dunn
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2021 Steelers Offseason Thread

Postby Dickie Dunn » Wed Feb 24, 2021 9:04 pm



How delusional are these people?

DigitalGypsy66
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2021 Steelers Offseason Thread

Postby DigitalGypsy66 » Wed Feb 24, 2021 9:25 pm

They are beyond help. The away schedule alone is ridiculous, regardless of what roster they can put together with little to no cap space.

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2021 Steelers Offseason Thread

Postby iamjs » Wed Mar 03, 2021 11:54 am


blackjack68
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2021 Steelers Offseason Thread

Postby blackjack68 » Wed Mar 03, 2021 12:04 pm

Any way to confirm the veracity?

tifosi77
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2021 Steelers Offseason Thread

Postby tifosi77 » Wed Mar 03, 2021 12:13 pm


nocera
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2021 Steelers Offseason Thread

Postby nocera » Thu Mar 04, 2021 1:13 pm



Image

Dickie Dunn
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2021 Steelers Offseason Thread

Postby Dickie Dunn » Thu Mar 04, 2021 2:09 pm



Still too much.

Troy Loney
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2021 Steelers Offseason Thread

Postby Troy Loney » Thu Mar 04, 2021 2:12 pm

Is it cheaper to cut him now?

Morkle
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2021 Steelers Offseason Thread

Postby Morkle » Thu Mar 04, 2021 2:20 pm

Cool, spreading it out for another 2 years. Keep pushing the tax collector down the road.

He's a first ballot HoFer, so I see why they did it, and I doubt they'd do this for anyone but the QB, but pull the band-aid like they've done with every other player.

nocera
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2021 Steelers Offseason Thread

Postby nocera » Thu Mar 04, 2021 2:22 pm

What a world we live in that a 39-year-old millionaire reduced his one-year salary to $14 million and it gets praised like crazy.

meow
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2021 Steelers Offseason Thread

Postby meow » Thu Mar 04, 2021 2:30 pm

Is it cheaper to cut him now?
Someone answer this immediately

Dickie Dunn
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2021 Steelers Offseason Thread

Postby Dickie Dunn » Thu Mar 04, 2021 2:47 pm

It makes him prohibitively expensive to cut this year. It’s a weird deal. They completely ripped up his existing contract. Gave him a new one year deal that pays the vet minimum of $1.075MM in base salary with a signing bonus of $12.95MM. They prorated the cap hit of his signing bonus at $2.59MM per season for five seasons, but the contract is voided after 2021, making Ben a free agent and leaving $10.36MM in dead cap next season, when they have plenty of cap space.

For this season they reduced his cap hit from $40MM to $25MM, but the dead cap hit if the decided to cut him, which they obviously won’t, increased from $22MM to $35MM.

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