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2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 11:11 am
by nocera
They just write it off.
You don't even know what a write off is.
Do you?
No I don't.

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 11:12 am
by meow
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

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 11:13 am
by nocera
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.

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 11:25 am
by willeyeam


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

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 3:51 pm
by blackjack68
We've got ourselves a good old fashioned write off off right here.
Right now.

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 6:46 pm
by NTP66

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 6:51 pm
by Dickie Dunn
Brees renegotiated his salary from $25Mm down to the veteran minimum of $1.075MM while contemplating his future. Ben should do the same.

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 7:01 pm
by tifosi77
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.

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 7:49 pm
by Cagsjr724
Ugh why?? This team has no shot at winning a ring. All this does is push back the inevitable rebuild another year.

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 7:52 pm
by meow
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

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 8:01 pm
by faftorial
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?

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 8:02 pm
by meow
I have no idea

2021 Steelers Offseason Thread

Posted: Tue Feb 23, 2021 8:15 pm
by Dickie Dunn
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.

2021 Steelers Offseason Thread

Posted: Wed Feb 24, 2021 9:04 pm
by Dickie Dunn


How delusional are these people?

2021 Steelers Offseason Thread

Posted: Wed Feb 24, 2021 9:25 pm
by DigitalGypsy66
They are beyond help. The away schedule alone is ridiculous, regardless of what roster they can put together with little to no cap space.

2021 Steelers Offseason Thread

Posted: Wed Mar 03, 2021 11:54 am
by iamjs

2021 Steelers Offseason Thread

Posted: Wed Mar 03, 2021 12:04 pm
by blackjack68
Any way to confirm the veracity?

2021 Steelers Offseason Thread

Posted: Wed Mar 03, 2021 12:13 pm
by tifosi77

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 1:13 pm
by nocera


Image

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 2:09 pm
by Dickie Dunn


Still too much.

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 2:12 pm
by Troy Loney
Is it cheaper to cut him now?

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 2:20 pm
by Morkle
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.

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 2:22 pm
by nocera
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.

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 2:30 pm
by meow
Is it cheaper to cut him now?
Someone answer this immediately

2021 Steelers Offseason Thread

Posted: Thu Mar 04, 2021 2:47 pm
by Dickie Dunn
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.