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Julio’s Extension Deal— Cap Space Related


stingbee
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Julio just signed his new extension and making him the highest paid receiver.

The question I have for you guys is that how Cap friendly is this? It sounds he got 97% of his new contract upfront via a signing bonus.

From what I can see, this is very Cap-friendly deal for the Falcons while keeping Jones for another 5 years. What do you guys think? I need some expert Cap Analysis on this contract. 

Now, let’s go and get that win tomorrow... 

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So this essentially seems like a 5 year, 85 million contract. If he is guaranteed an additional 45 million, I would assume some is guaranteed salary for the first year the extension goes into effect, but how does the remainder prorate over the other 5 years?

it sounds like his 2019 salary didn’t get adjusted, and there was only like 5 mil in cap space, so I would think the non-salary guarantees could only be up to $20 million. Any cap gurus care to take a stab at it?

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1 hour ago, stingbee said:

So, the question is will this help us in future? Next year and the following year? I see us signing Hooper and Neal as the next core players for next season. 

Will depend on the structure. If he's truly getting a $66M signing bonus that cap will be prorated over five years at $13.2M per year. The other $26.4M on his current contract will have to be parked somewhere. Mostly in years 3-5 because we don't have much space in the first two years. If he's getting a guaranteed $66M signing bonus he could come asking for more when he's spent his bonus and his salary drops to the $8-10M range. Kinda like he did on his current contract.

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