Panthers sign Eric Reid to 3-year contract

[LinvilleGorge]

Just now, stbugs said:

Quick question, do you actually think Reid can only make $10m in any scenario where he plays more than one year? How much do you think he’ll make if he plays two years? Just wondering because I have no idea what you think he’ll make. Also, how about if he plays three years. How much do you think he’ll make?

Forget the "plays more than one year" part. He'll make more than $10M the moment he cashes his first game check.

[Toomers]

3 minutes ago, Floppin said:

Umm what? Guaranteed money and salary are not separate things. Guaranteed money is literally just that... Guaranteed. It represents the requirement that must be paid. Salary paid accumulates to reach this guaranteed threshold. If a player is cut before his salary guarantee is met then the remainder of his guaranteed money is required to be paid. They are not two separate sums that count against the cap. Stop being asinine.

   Tell you what? Let’s pick a player and go through their contract and salaries and see who’s premise holds water. You are so sadly mistaken it won’t end well. But let’s try. Luke? Cam? Who? 

[Toomers]

Just now, LinvilleGorge said:

Forget the "plays more than one year" part. He'll make more than $10M the moment he cashes his first game check.

Bingo

[Floppin]

9 minutes ago, LinvilleGorge said:

No. He doesn't have to "reach" his guarantee. He reached his guarantee the moment he signed the contract. After two years, he will have made (and will have counting against the cap) his salaries, plus his two years of signing bonus, plus any other incentives. If released, he will get his full $10M guaranteed plus the previously mentioned salaries and other possibly included incentives. Under no circumstances will he only make $10M over two years 

I never said he would only make 10 million. I said that his salary counts against his guaranteed money threshold. My point was that guaranteed money and base salary are not two separate sums. If at some point he's cut and he's been paid 10 million or more in salary then he will receive no additional money. And his only dead money remainder will be any signing bonus that has yet to be applied against the cap

[Davidson Deac II]

1 hour ago, top dawg said:

He did get better as the season went along, and I expect him to get even better now that he has his football legs and knows the system.

The contract is fair, and depending how he plays, could be really really good.

Yeah, I am ok with it. I read somewhere that the pay for the top 10 safeties ranges from 7-13 million a year, and this would put him barely in the top 10.  I don't feel like getting into the guaranteed money part of it, but we essentially got a good look at how well he works with the team before we signed him, that is a fairly rare thing.  Imo, this is a decent start to the offseason.

[Floppin]

I'm amazed that there seems to be such a fundamental misunderstanding of contacts here. Are y'all seriously trying to tell me that this contract has a Max value of 34 million plus whatever signing bonus there is. Because if so, y'all are fuging retarded 

[LinvilleGorge]

5 minutes ago, Floppin said:

I never said he would only make 10 million. I said that his salary counts against his guaranteed money threshold. My point was that guaranteed money and base salary are not two separate sums. If at some point he's cut and he's been paid 10 million or more in salary then he will receive no additional money. And his only dead money remainder will be any signing bonus that has yet to be applied against the cap

Yikes. Thats what I was afraid you meant. Bro, you couldn't possibly be more incorrect.

Guaranteed money and salary are indeed two separate sums. In no way does base salary count toward "guaranteed money". Base salaries are completely non-guaranteed for future years. At any point you're released those base salaries evaporate into thin air. "Guaranteed money" means signing bonus. Signing bonuses are paid as long as the players doesn't do something that nullifies the contract. Even if released, that signing bonus money is paid out. Yes, even if the money paid out so far exceeds the "guaranteed money" figure in the contract.

[Sub Zero]

12 minutes ago, stbugs said:

Quick question, do you actually think Reid can only make $10m in any scenario where he plays more than one year? How much do you think he’ll make if he plays two years? Just wondering because I have no idea what you think he’ll make. Also, how about if he plays three years. How much do you think he’ll make?

Depends on if he hits his bonuses and incentives..

But again if he plays a full year.. He will hit some if not most of his bonuses.. So the avg. Salary will increase past 5mil a year.. So I was wrong about the 10mil thing if he "plays" 2 full seasons... You and your girls can be stuck on that.. But if he doesn't hit his bonuses  and incentives  he isn't getting 7.5 mil a year.. Which was my point.. 

This is the last time I'm saying this to you ppl..

If he plays good he can make 24mil in 3 years.. But if he fails he is only guaranteed 10 mil.. 

Good deal...

[Toomers]

6 minutes ago, Floppin said:

I'm amazed that there seems to be such a fundamental misunderstanding of contacts here. Are y'all seriously trying to tell me that this contract has a Max value of 34 million plus whatever signing bonus there is. Because if so, y'all are fuging retarded 

No. I just want to know how non-guaranteed base salary counts against the guaranteed money in a contract. Pick a player. Let’s find out who’s retarded? And like the last guy, No one said a word about 34M. That’s a scenario out of your fantasy contract acumen.

[Floppin]

Just now, LinvilleGorge said:

Yikes. Thats what I was afraid you meant. Bro, you couldn't possibly be more incorrect.

Guaranteed money and salary are indeed two separate sums. In no way does base salary count toward "guaranteed money". Base salaries are completely non-guaranteed for future years. At any point you're released those base salaries evaporate into things air. "Guaranteed money" means signing bonus. Signing bonuses are paid as long as the players doesn't do something that nullifies the contract. Even if released, that signing bonus money is paid out. Yes, even if the money paid out so far exceeds the "guaranteed money" figure in the contract.

Guaranteed money and signing bonuses are not the same. I'm aware that signing bonuses are paid out the monent that contracts are signed and that they are prorated for the life of the contract.

[LinvilleGorge]

3 minutes ago, Floppin said:

Guaranteed money and signing bonuses are not the same. I'm aware that signing bonuses are paid out the monent that contracts are signed and that they are prorated for the life of the contract.

What are these non-bonus related guarantees that you think exist?

*Aside from rare situations in which teams can guarantee certain years of salary in a contract.

[Floppin]

5 minutes ago, LinvilleGorge said:

What are these non-bonus related guarantees that you think exist?

That's literally what the 10 million guaranteed represents. It means that outside of his signing bonus the Panthers only guarantee to pay him 10 million in base salary. If he plays out his contact he will make more than that of course but that's all we have to have paid in total salary (plus signing bonus already paid) to part ways at any point.

[panthers55]

3 minutes ago, LinvilleGorge said:

Yikes. Thats what I was afraid you meant. Bro, you couldn't possibly be more incorrect.

Guaranteed money and salary are indeed two separate sums. In no way does base salary count toward "guaranteed money". Base salaries are completely non-guaranteed for future years. At any point you're released those base salaries evaporate into things air. "Guaranteed money" means signing bonus. Signing bonuses are paid as long as the players doesn't do something that nullifies the contract. Even if released, that signing bonus money is paid out. Yes, even if the money paid out so far exceeds the "guaranteed money" figure in the contract.

Actually salary can be guaranteed. It is pretty common these days to guarantee the first and sometimes part of the second year's salary especially in contracts using incentives. It works both ways, the player gets his entire signing bonus and first year salary guaranteed and the club gets most of the guaranteed money accounted for so the dead cap hit after year one is manageable at a June 1 designation and not a big deal at the end of 2 years. 

[LinvilleGorge]

1 minute ago, Floppin said:

That's literally what the 10 million guaranteed represents. It means that outside of his signing bonus the Panthers only guarantee to pay him 10 million in base salary. If he plays out his contact he will make more than that of course but that's all we have to have paid in total salary (plus signing bonus already paid) to part ways at any point.

No. It's not. You're wildly incorrect. Salary is never guaranteed except in rare circumstances and that has to be stipulated in the contract.