March 20, 20223 yr 1 hour ago, Cheesteakitis said: i thought that was before he re signed anywho to bad we don’t have Spuds on the board anymore to give us all the facts! wonder if he can be reached on Reddit hahaha I don't think that Spotrac has it right. Fletcher had 53 Million of Dead Cap in 2021. As I understand it, you can't just make that dead cap go away. Maybe you can. Maybe if you make a whole bunch of transactions in a short amount of time, and both parties are in favor of making a huge cap hit just disappear, and the NFL might not be paying really close attention, then maybe it could just disappear into the category of "this is just too confusing". Spotrac seems confused.
March 21, 20223 yr Author On 3/20/2022 at 7:53 PM, Random Reglar said: I don't think that Spotrac has it right. Fletcher had 53 Million of Dead Cap in 2021. As I understand it, you can't just make that dead cap go away. Maybe you can. Maybe if you make a whole bunch of transactions in a short amount of time, and both parties are in favor of making a huge cap hit just disappear, and the NFL might not be paying really close attention, then maybe it could just disappear into the category of "this is just too confusing". Spotrac seems confused.
March 21, 20223 yr https://www.spotrac.com/nfl/philadelphia-eagles/fletcher-cox-9822/ I think that Spotrac must have screwed it up. dead cap doesn't just go from 53 million to 12 million, unless the Eagles just put 41 million on the cap.
March 21, 20223 yr https://www.spotrac.com/nfl/philadelphia-eagles/fletcher-cox-9822/ They have 53+ M for dead cap in 2021 and then 12+ M for dead cap in 2022. Where did it go? It's a mystery to me at this point. That's a $41 Million difference. 2021 31 $1,075,000 - $1,000,000 $4,134,000 $6,707,409 $12,916,409 $53,844,169 $16,000,000($91,599,000) 2022 32 $1,120,000 - $1,000,000 $6,119,415 $6,707,405 $14,946,820 $12,826,820 -
March 21, 20223 yr Author 10 hours ago, Random Reglar said: https://www.spotrac.com/nfl/philadelphia-eagles/fletcher-cox-9822/ They have 53+ M for dead cap in 2021 and then 12+ M for dead cap in 2022. Where did it go? It's a mystery to me at this point. That's a $41 Million difference. 2021 31 $1,075,000 - $1,000,000 $4,134,000 $6,707,409 $12,916,409 $53,844,169 $16,000,000($91,599,000) 2022 32 $1,120,000 - $1,000,000 $6,119,415 $6,707,405 $14,946,820 $12,826,820 - Dead money in 2022: Dead money in 2023:
March 21, 20223 yr On 3/19/2022 at 4:37 PM, NCTANK said: i hope he steps it up this coming season. You can forget about that, he should have been stepping it up for the past 3 years and it's been the same ol all 3 years, don't expect things to change this year.
March 21, 20223 yr 13 hours ago, Random Reglar said: https://www.spotrac.com/nfl/philadelphia-eagles/fletcher-cox-9822/ They have 53+ M for dead cap in 2021 and then 12+ M for dead cap in 2022. Where did it go? It's a mystery to me at this point. That's a $41 Million difference. 2021 31 $1,075,000 - $1,000,000 $4,134,000 $6,707,409 $12,916,409 $53,844,169 $16,000,000($91,599,000) 2022 32 $1,120,000 - $1,000,000 $6,119,415 $6,707,405 $14,946,820 $12,826,820 - There's been talk of a roster bonus that was due that being cut meant he wasn't paid, but like you I don't really understand how cutting him made the dead cap hit that was $41million this year turn into $28.1million over 2 years because I always understood money being included in dead cap calculations meant it was guaranteed money. I think ultimately it may turn out to be the limitations of Sportrac and OvertheCap in terms of specific contract language, although it does look like they have the new contract pretty nailed down.
March 21, 20223 yr On 3/17/2022 at 1:23 PM, 20dawk4life said: I’m calling it now. We cut Cox to lower his cap hit so we can trade for Deshaun Watson!!!! This ..would be really stupid. We are not Watson away from Super Bowl. Lets draft fresh blood across entire defensive line. We got the picks.
March 21, 20223 yr So essentially Howie did this to save cap space this year but kicked the can of the dead money to next year?
March 21, 20223 yr 38 minutes ago, NOTW said: So essentially Howie did this to save cap space this year but kicked the can of the dead money to next year? And the cap savings don't accrue until June. They seem to have saved more dead cap than actual cap. The more I look at it the more I don't understand in terms of dead cap, but as far as I can tell, Cox agreed to be cut and resigned so Howie didn't have to pay him a multi million dollar roster bonus, I genuinely have no idea why anyone would do that short of blackmail.
March 21, 20223 yr 4 hours ago, Cochis_Calhoun said: There's been talk of a roster bonus that was due that being cut meant he wasn't paid, but like you I don't really understand how cutting him made the dead cap hit that was $41million this year turn into $28.1million over 2 years because I always understood money being included in dead cap calculations meant it was guaranteed money. I think ultimately it may turn out to be the limitations of Sportrac and OvertheCap in terms of specific contract language, although it does look like they have the new contract pretty nailed down. I think it is due to what Spotrac and Over The Cap consider to be guaranteed money. Because Cox's 2022 $18M salary needed no action on the part of either the Eagles or Cox to become guaranteed (it would have happened automatically if the Eagles did not release Cox on the day that they did), I think Spotrac and Over The Cap account for it as guaranteed money when calculating dead cap hits (among other things). It appears there ended up being something like $6M or $7M in carried over obligations under that old contract aside from the $18M guaranteed salary (maybe some kind of guaranteed roster or workout bonuses, or a buyout amount for releasing him before the 2022 salary became guaranteed) - if you look at the Over The Cap numbers, there is more than $3M in new money in 2022 for Cox above the $14.9M from his new contract (they list Cash Paid in 2022 as $18.047M) and over $3M more in total Cash Paid in 2020 and 2021 than Spotrac. So when all was said and done, it appears the Eagles will have paid Cox something like $98M under the old contract and about $70M had hit the salary cap through 2021, leaving $28M to be accounted for. For some reason I do not understand, designating Cox as a post-June 1 release allowed them to defer $15.4M of that dead cap hit to 2023, with the remaining $12.8M hitting in 2022. Importantly, I believe that $12.8M is NOT merely a prospective cap hit in 2022 if they cut or trade him - it is an actual unavoidable cap hit that WILL be applied in 2022. In other words, for 2022, the Eagles are carrying the full cumulative amounts of both Cox's new $14.9M contract and the $12.8M allocable as dead cap under the old contract, for a total cap hit for Cox of $27.8M or so.
March 21, 20223 yr 3 hours ago, Cochis_Calhoun said: And the cap savings don't accrue until June. They seem to have saved more dead cap than actual cap. The more I look at it the more I don't understand in terms of dead cap, but as far as I can tell, Cox agreed to be cut and resigned so Howie didn't have to pay him a multi million dollar roster bonus, I genuinely have no idea why anyone would do that short of blackmail. I think this was nothing more essentially than a pure restructuring of Cox's contract for the timing of salary cap hit purposes. It does not appear that Cox will get paid any more or less under the new contract than under the old contract. If you look at the Over The Cap numbers for Cox, his total Cash Paid in 2022 of $18,047,059 means he is being paid $3,100,239 more in 2022 than the $14,946,820 from his new contract. I suspect there was some kind of $3.1M buyout clause in Cox's old contract in the event that the 2022 salary did not become guaranteed (or other actual guaranteed money), and the Eagles set the amount of compensation in the new contract to equal the amount he would have been paid under the old contract. In fact, with some new incentives in the contract, Cox may be paid more under the new contract than the old, so of course he would have agreed to do it. I.e., this was just Roseman manipulating the NFL's cap system to time the cap hits in the way he wants.
March 21, 20223 yr 4 hours ago, Cochis_Calhoun said: There's been talk of a roster bonus that was due that being cut meant he wasn't paid, but like you I don't really understand how cutting him made the dead cap hit that was $41million this year turn into $28.1million over 2 years because I always understood money being included in dead cap calculations meant it was guaranteed money. I think ultimately it may turn out to be the limitations of Sportrac and OvertheCap in terms of specific contract language, although it does look like they have the new contract pretty nailed down. I'm confused, I think Spotrac is confused and I think almost everyone is confused. Howie should know what's going on. Dead cap is bonus money that had already been paid. Year in, year out, the Eagles have been converting Fletchers large base salary to bonus, meaning a smaller cap hit that year, and a bigger cap hit in the future. I don't know what's happening. I've looked at the spotrac Fletcher Cox page on archive.org to try to identify changes in his contract over time. I can't make sense of it. I'm guessing that Spotrac just has it wrong. It's possible that there is some sort of loophole that I don't know about. What happens when a team is over the cap? Is that even possible? Were the Eagles way way way over the cap in 2021 for 2 hours, the last 2 hours of the 2021 season? Cox was cut with, what 2 hours left in the 2021 season? Boom, when that happens, all the dead cap accelerates to the current year, maybe? more dead cap than cap space and the Eagles were over the cap? We know that teams can carry over unused cap but what if it's a negative number? It's awfully confusing but at this point, what I'd say is that Spotrac has it wrong and I don't know exactly how.
March 21, 20223 yr 4 hours ago, NOTW said: So essentially Howie did this to save cap space this year but kicked the can of the dead money to next year? Nobody knows. Spotrac has it wrong. It's very confusing. 10s of Millions of Fletcher Cox's dead cap have simply vanished. No one has been able to explain where it went.
March 21, 20223 yr 36 minutes ago, Random Reglar said: I'm confused, I think Spotrac is confused and I think almost everyone is confused. Howie should know what's going on. Dead cap is bonus money that had already been paid. Year in, year out, the Eagles have been converting Fletchers large base salary to bonus, meaning a smaller cap hit that year, and a bigger cap hit in the future. I don't know what's happening. I've looked at the spotrac Fletcher Cox page on archive.org to try to identify changes in his contract over time. I can't make sense of it. I'm guessing that Spotrac just has it wrong. It's possible that there is some sort of loophole that I don't know about. What happens when a team is over the cap? Is that even possible? Were the Eagles way way way over the cap in 2021 for 2 hours, the last 2 hours of the 2021 season? Cox was cut with, what 2 hours left in the 2021 season? Boom, when that happens, all the dead cap accelerates to the current year, maybe? more dead cap than cap space and the Eagles were over the cap? We know that teams can carry over unused cap but what if it's a negative number? It's awfully confusing but at this point, what I'd say is that Spotrac has it wrong and I don't know exactly how. See my explanation a few posts prior -- Spotrac does quite well accounting for simple contracts and for a few specific types of transactions, but their tables are just not equipped to handle the complexity of Cox's situation, and they did not do a good job of tracking Cox's conversions as they occurred, or at least they do not do a good job of making the cap ramifications transparent. There would be severe consequences to being over the cap -- the league might fine you, dock you draft picks, etc. The Eagles did not go over the cap for 2021 -- they were able to designate Cox as a post-June 1 release even though that is obviously a fiction, meaning the cap consequences of releasing him are not felt until 2022 ... somehow in the NFL's cap accounting rules that is allowed.
March 21, 20223 yr 32 minutes ago, Random Reglar said: Nobody knows. Spotrac has it wrong. It's very confusing. 10s of Millions of Fletcher Cox's dead cap have simply vanished. No one has been able to explain where it went. See my explanation a few posts above -- most of it I think is because some of what was accounted for as "guaranteed" money was not actually guaranteed.
March 21, 20223 yr 6 hours ago, Traveler Vic said: This ..would be really stupid. We are not Watson away from Super Bowl. Lets draft fresh blood across entire defensive line. We got the picks. Well you’re a tad late to the Watson to browns news.
March 22, 20223 yr Author 17 hours ago, Random Reglar said: Nobody knows. Spotrac has it wrong. It's very confusing. 10s of Millions of Fletcher Cox's dead cap have simply vanished. No one has been able to explain where it went. His cap hit for 2022 was initially $14.9M. The move (cut using a post June 1 designation) created a $12.8M dead money hit to the 2022 cap (while also creating $2.1M in cap space) and then also tacks on $15.4M in dead money to the 2023 cap.
March 22, 20223 yr Meaningless question/thought... does his release/re-signing alter his 'tenure ranking' on the team? Say he was the 'longest tenured' player on the team. Now that he was released and re-signed a few days later, he's now the least tenured player on the team, no? lol
March 22, 20223 yr Author 1 hour ago, VaBeach_Eagle said: Meaningless question/thought... does his release/re-signing alter his 'tenure ranking' on the team? Say he was the 'longest tenured' player on the team. Now that he was released and re-signed a few days later, he's now the least tenured player on the team, no? lol Does that mean we can refer to him as "noob”??
March 22, 20223 yr 5 minutes ago, time2rock said: Does that mean we can refer to him as "noob”?? I think so... he is, after all, a newly signed free agent.
March 22, 20223 yr 55 minutes ago, VaBeach_Eagle said: I think so... he is, after all, a newly signed free agent. I wonder what jersey # he will wear, I hope its one of those awkward , weird looking single digits??? 🙄
March 22, 20223 yr On 3/21/2022 at 4:27 PM, BayAreaLennie said: See my explanation a few posts above -- most of it I think is because some of what was accounted for as "guaranteed" money was not actually guaranteed. I still think that Spotrac has it wrong, and that 10s of Millions of dead cap disappeared. However, I'm not going to sit on the Fletcher Cox Spotrac page hitting refresh until the Spotrac page makes sense. https://www.spotrac.com/nfl/philadelphia-eagles/fletcher-cox-9822/ there's that Fletcher Cox spotrac page. It's obviously wrong. The dead cap in 2021 was 53 Million. The dead cap in 2022 is 12 Million. Obviously wrong. The yearly cash in 2022 is blank, nothing. Obviously wrong. So, I'm not going to try to make sense, hour after hour, day after day, with something that is just obviously wrong. Sometime in the future, the spotrac fletcher cox page will change, and then the numbers will make sense.
March 23, 20223 yr Author 13 hours ago, CheesesteakNBeer said: I wonder what jersey # he will wear, I hope its one of those awkward , weird looking single digits??? 🙄 Heard he is going with 3.14
March 23, 20223 yr 20 hours ago, CheesesteakNBeer said: I wonder what jersey # he will wear, I hope its one of those awkward , weird looking single digits??? 🙄 Maybe 00 because he has to prove himself, being so new to the team?
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