Jackson restructure

[Jams]

Brings cap hit down significantly to only 6 million without adding years
https://www.google.com/amp/s/heavy.com/ ... -news/amp/

[Stosh-67]

I thought he only had 1 year left on his contract?
Did they add a year to his contract? to spread out his salary?

[Greeksteel]

Jason_OTC
@Jason_OTC
·
4h
The #Steelers and Donte Jackson agreed on a new one year contract with $4.75 million guaranteed

[tbsteel]

I thought he only had 1 year left on his contract?
Did they add a year to his contract? to spread out his salary?

No, they just signed a new one year deal. I'm sure it was already agreed upon when he was being traded.

He goes from a $4.7M salary this year and a $5.6M roster bonus before, to now with his new deal a $1.25M salary, no roster bonus, but a $4.75M signing bonus. Cap hit goes from $10.5M to $6M.

[DP39]

I thought he only had 1 year left on his contract?
Did they add a year to his contract? to spread out his salary?

No. It's a new, one year deal -- tearing up the old deal, basically.

New cap hit is $6M, with $4.75M of that in G$.

It saves us $4M in cap for '24. There are no other cap figures in future years, as it's stickily a one year deal now.

On another note, hopefully Cam H. is watching what Johnson just did, and will do what is best for the team, not himself!

[Pabst]

Does this mean Jackson agreed to a paycut?

Spotrac still has the old numbers up: $4.7m base + $4m roster + $1.8m per game / workout = $10.5m payout

Now Overthecap has him at $1.25 base + $4.75m signing bonus = $6m payout.


I'm wondering if there's a void year that's not being caught?

[Stosh-67]

Does this mean Jackson agreed to a paycut?

Spotrac still has the old numbers up: $4.7m base + $4m roster + $1.8m per game / workout = $10.5m payout

Now Overthecap has him at $1.25 base + $4.75m signing bonus = $6m payout.


I'm wondering if there's a void year that's not being caught?

Thats what it seems like

[DP39]

Does this mean Jackson agreed to a paycut?

Spotrac still has the old numbers up: $4.7m base + $4m roster + $1.8m per game / workout = $10.5m payout

Now Overthecap has him at $1.25 base + $4.75m signing bonus = $6m payout.


I'm wondering if there's a void year that's not being caught?

Correct. A paycut. Totally new deal. Only under contract for '24, with no other years as part of any cap accounting.

[Stosh-67]

I thought he only had 1 year left on his contract?
Did they add a year to his contract? to spread out his salary?

No. It's a new, one year deal -- tearing up the old deal, basically.

New cap hit is $6M, with $4.75M of that in G$.

It saves us $4M in cap for '24. There are no other cap figures in future years, as it's stickily a one year deal now.

On another note, hopefully Cam H. is watching what Johnson just did, and will do what is best for the team, not himself!

His number is huge.
$16mil salary
$4.05 signing bonus
$2.356 restructure

Totals $22.4 cap hit. ( dead cap of $6.4 )

They need to get that down to below $10 million salary and save $6 million

[Pabst]

Does this mean Jackson agreed to a paycut?

Spotrac still has the old numbers up: $4.7m base + $4m roster + $1.8m per game / workout = $10.5m payout

Now Overthecap has him at $1.25 base + $4.75m signing bonus = $6m payout.


I'm wondering if there's a void year that's not being caught?

Correct. A paycut. Totally new deal. Only under contract for '24, with no other years as part of any cap accounting.

I guess I'm having trouble wrapping my head around why he would agree to this.

Jackson already had a guaranteed $4m coming his way. Why would he agree to forego $5.5m in salary just to get an extra $750k in guaranteed money? That's why I'm wondering if there's a void year that just hasn't been reported yet (or possibly an extension).

But hey, who knows, maybe it is just a straight paycut.

[stillthere]

On another note, hopefully Cam H. is watching what Johnson just did, and will do what is best for the team, not himself!

You really think Cam is not a team first guy? That is amazing.

[stillthere]

I thought he only had 1 year left on his contract?
Did they add a year to his contract? to spread out his salary?

No. It's a new, one year deal -- tearing up the old deal, basically.

New cap hit is $6M, with $4.75M of that in G$.

It saves us $4M in cap for '24. There are no other cap figures in future years, as it's stickily a one year deal now.

On another note, hopefully Cam H. is watching what Johnson just did, and will do what is best for the team, not himself!

His number is huge.
$16mil salary
$4.05 signing bonus
$2.356 restructure

Totals $22.4 cap hit. ( dead cap of $6.4 )

They need to get that down to below $10 million salary and save $6 million

That is not his fault. They have restructured him almost annually. They wanted to keep kicking the can down the road. They cannot get rid of most of that $6 million because it has been converted to guarantees.

[Pabst]

That is not his fault. They have restructured him almost annually. They wanted to keep kicking the can down the road. They cannot get rid of most of that $6 million because it has been converted to guarantees.

Only $6m out of his $22m cap hit is prorated bonus money. They could cut him today and save $16m. To restate the obvious - He's hard to cut because he's well liked by the team & fans and the Steelers aren't exactly loaded on the DL.


If you want to see a great example of kicking the can down the road, check out Myles Garrett.

[Ice]

Yeah, agreed, this one's not really on Cam, except that he was willing to do what probably amounted to, what, three extensions/restructures to save the team cap space down the line over the length of that deal. Now, unfortunately, comes the time when it's probably for the best to just eat it and start with a clean slate after the season, or Cam retires, because he's essentially uncuttable, unless you're Prime Belichick.

[lifelongsteel]

Initial reviews on Jackson are mixed. Is he going to start outside? Is he better than the standard issue JAGS that the Steelers have been rolling out there?

[Mick]

Does this mean Jackson agreed to a paycut?

Spotrac still has the old numbers up: $4.7m base + $4m roster + $1.8m per game / workout = $10.5m payout

Now Overthecap has him at $1.25 base + $4.75m signing bonus = $6m payout.


I'm wondering if there's a void year that's not being caught?

Correct. A paycut. Totally new deal. Only under contract for '24, with no other years as part of any cap accounting.

I guess I'm having trouble wrapping my head around why he would agree to this.

Jackson already had a guaranteed $4m coming his way. Why would he agree to forego $5.5m in salary just to get an extra $750k in guaranteed money? That's why I'm wondering if there's a void year that just hasn't been reported yet (or possibly an extension).

But hey, who knows, maybe it is just a straight paycut.

assumption is he would otherwise be cut and might end up with significantly less.

[stillthere]

assumption is he would otherwise be cut and might end up with significantly less.

This does sound more like the Steelers said you can take the pay cut or we may sign you as a street free agent in a few weeks if you are available.

[Pabst]

assumption is he would otherwise be cut and might end up with significantly less.

His roster bonus came due on March 16th. So even if he was cut he'd still be making the same amount of $ next season if he signed for $2m elsewhere.

That's why I'm not getting this - He's converting a bonus payment that he was *already guaranteed* and just slashing $3.5 off his base salary and foregoing his other bonuses?


I just think there's going to be more to this story. So far the only outlet reporting this is Overthecap (and people linking to it) - I'm not seeing anything from ESPN, Post-Gazette, Trib, etc.

Also, as i type this, Killebrew has been extended for 2 years.


Edit - There's a comment on the Depot thread that this may have been agreed to prior to the trade. That would make a bit more sense.

[Jobu]

I’m clueless on how all this works, but I read on another site that he has three void years on the Carolina books. I don’t know if or how that affects his Steelers numbers. Or even if it correct.

[Pabst]

I’m clueless on how all this works, but I read on another site that he has three void years on the Carolina books. I don’t know if or how that affects his Steelers numbers. Or even if it correct.

The void years just allowed Carolina to accrue the cost over a few more seasons. Since he was traded, they have to eat the full amount this year.


It doesn't impact his $ with the Steelers. The restructure/paycut is all about his current year bonus and base salary.

[Jobu]

I’m clueless on how all this works, but I read on another site that he has three void years on the Carolina books. I don’t know if or how that affects his Steelers numbers. Or even if it correct.

The void years just allowed Carolina to accrue the cost over a few more seasons. Since he was traded, they have to eat the full amount this year.


It doesn't impact his $ with the Steelers. The restructure/paycut is all about his current year bonus and base salary.

Ok. Thanks.
Like I said, I know nothing about this stuff.

[Ice]

Initial reviews on Jackson are mixed. Is he going to start outside? Is he better than the standard issue JAGS that the Steelers have been rolling out there?

I had assumed he's a slot.