ladypatsfan
Member
http://www.patsfans.com/new-england-patriots/messageboard/showthread.php?t=34168
If you guys are familiar with Miguel's salary cap page, then you know that AdamJT13 is one of Miguel's "sources" for his salary cap information. He is a legit source. I wonder where he gets this info from?
First of all, it appears that the Patriots got around the 12-month rule for renegotiations (he signed the deal yesterday) by keeping Seymour's cap number exactly the same as it had been -- $4,420,160. So either the CBA's reference to "Salary to be paid to the player" means "cap number," or that rule was clarified or changed in the recent CBA extension.
Anyhow, here are the details --
The "extension" is for only three more years past 2006. Seymour got a renegotiation bonus of $5.34 million, prorated at $1,335,000 per season. He also got a workout bonus of $100,000 in addition to his standard $6,160 workout bonus. His $585,000 base salary, plus his $1,335,000 prorated bonus and $100,000 additional workout bonus add up to $2.02 million -- exactly what his salary would have been, which is why his cap number is the same.
Next year, Seymour is due an option bonus of $18.66 million. If the option is not exercised, Seymour will become a free agent in 2008, and his 2007 base salary becomes $19.26 million AND is guaranteed. He has workout bonuses of $106,720 each season from 2007 through 2009.
His cap numbers each season will be $4,420,160 in 2006, $8,261,720 in 2007, $8,391,720 in 2008 and $11,346,720 in 2009.
If you guys are familiar with Miguel's salary cap page, then you know that AdamJT13 is one of Miguel's "sources" for his salary cap information. He is a legit source. I wonder where he gets this info from?