actually they will release him and eat the $12 M guaranteed will be spread over the last three years of the contract...He'll be on the roster again next year. That contract will not allow us to jettison him yet
They have to eat all his guaranteed money this season if they release him. Being the Final league year, there is no post June 1st designation this upcoming season.actually they will release him and eat the $12 M guaranteed will be spread over the last three years of the contract...
March 20: 2020 base salary becomes fully guaranteed on 3rd day of league year, they can release him prior to that date which I expect them too and his base salary $11 M off the books, the team will eat the $12 M in total guarantees which can be spread over the last 3 years of his length of contract...They have to eat all his guaranteed money this season if they release him. Being the Final league year, there is no post June 1st designation this upcoming season.
( As a side note, teams may also use a franchise tag and a transition tag this season as opposed to other years where only one may be used.)
Trumaine Johnson signed a five year, $72.5 million contract with the Jets on March 16, 2018. Per Ben Volin, $34 million of the contract is guaranteed at signing, including a $20 million signing bonus. Johnson's 2018 and 2019 base salaries are also guaranteed. There is an $11 million injury guarantee in 2020 which will become fully guaranteed if Johnson is on the roster on the 3rd day of the 2020 league year.
How do they spread the 12 million over 3 years? If a player is released, all guaranteed money remaining accelerates immediately with the exception of post June 1 designation which allows it to be spread over 2 years.March 20: 2020 base salary becomes fully guaranteed on 3rd day of league year, they can release him prior to that date which I expect them too and his base salary $11 M off the books, the team will eat the $12 M in total guarantees which can be spread over the last 3 years of his length of contract...
and this is not a post June designation it would save the team $3,000,000 for 2020...
No need.I think we should all pitch in for a forum lawyer to sort out these things for us. I'll pitch in $5