Tuesday, March 11, 2014
Contract update: Tying up loose ends
By Rich Cimini
To paraphrase an old Eric Mangini line, a little housekeeping on the contract front:
The New York Jets signed three veterans in recent days to new contracts. In breaking down the deals, you will notice they gave roster bonuses instead of signing bonuses. It's a smart play because a roster bonus is charged to that year's cap, while a signing bonus is pro-rated for cap purposes over the length of the contract. Granted, these are relatively minor contracts, but with so much cap space ($39.7 million), it pays to absorb the hit now.
Jeff Cumberland, tight end
Contract: Three years, $5.7 million. Includes a $1 million roster bonus (2014). Cap charges are $1.9 million for each year.
Ellis Lankster, cornerback
Contract: Two years, $1.6 million. Includes a $155,000 roster bonus (2014). Cap charges: $885,000 in 2014; $745,000 in 2015.
Darrin Walls, cornerback
Contract: Two years, $1.9 million. Includes a $350,000 roster bonus (2014). Cap charges: $1 million in 2014; $900,000 in 2015.