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Thread: Colts free up 14.8 million for '07

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  1. #1
    Member Frank Slade's Avatar
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    Thumbs up Colts free up 14.8 million for '07

    Accouting work: The Colts converted Peyton Manning's $10 million roster bonus into signing bonus and lowered his 2007 salary cap number from $16.53 million to $8.2 million. The Colts also did the same with the $3.9 million roster bonus of defensive end Robert Mathis. That lowered his cap number from $7.11 million to $3.99 million. The dual savings of those deals now gives the Colts $14.8 million of cap room. Before making those moves they were right at the cap.
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    Great news, Clayton called this awhile back, good to see they finally restructured his contract which you knew would be done sooner or later.

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    Default Re: Colts free up 14.8 million for '07

    I wish the NBA salaries were this flexible.

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    Fat, Drunk and Stupid Lord Helmet's Avatar
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    Default Re: Colts free up 14.8 million for '07

    Good news.

    Super Bowl XLI Champions
    2000 Eastern Conference Champions





  4. #4

    Default Re: Colts free up 14.8 million for '07

    Don't ask Marvin Harrison what he did during the bye week. "Batman never told where the Bat Cave is," he explained.

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    Member lumber man's Avatar
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    Default Re: Colts free up 14.8 million for '07

    time to lock up #93

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    Member BoomBaby31's Avatar
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    Default Re: Colts free up 14.8 million for '07

    Peyton is a good guy.. How many other players would do that? No shot at NBA players taking hits on their pay for their team.. you know they have "kids to feed" lol

  7. #7

    Default Re: Colts free up 14.8 million for '07

    Quote Originally Posted by BoomBaby31 View Post
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    Peyton is a good guy.. How many other players would do that? No shot at NBA players taking hits on their pay for their team.. you know they have "kids to feed" lol
    Just for all reading this, I must clarify.

    Peyton took no monetary hit. In fact, he probably gets the money ($10 million) a month earlier than he would have since the 'roster bonus' is assigned an actual date of payment.

    How many other players would do this? Well, most all of them, really.

    This practice can be a dangerous one, since the prorated cap hits come down the road. Just ask the Titans, who were screwed because they employed this tactic far too often to keep their Super Bowl team together.

    Sometimes in the past, I think Polian may have gone to the well one too many times as well. But it all worked out. In the situation now, it's a no-brainer, even if it hurts down the road. You keep Super Bowl-winning teams together as much as possible.

    The key to staying competitive in the NFL is simple in some aspects. First, you must be creative with restructuring contracts. Two, you have to let some people leave via free agency -- you just can't pay everybody. And third, because you can't pay everybody, you must draft well. Players making peanuts have to contribute.

    That's why the Colts have be successful of late. The list of contributors making rookie-level money is ample: Jake Scott, Ryan Lilja, Ben Utecht, Bryan Fletcher, Cato June, Jason David, Antoine Bethea, Bob Sanders, etc.

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