Bucs restructure Jackson, Nicks contracts

[Supreme]

hopefully the organization has realized that spedning money in FA can be rewarding. our FAs this year did an outstanding job and relaly helped the team progress. grab a few more vets to add to all the youth and we could see a major upswing in wins

Agreed.

Re-sign Bennett
Spend the big money on Grimes and Gholston
Then signing quality players like Jared Cook, Derek Cox, justin Durant, and Glenn Dorsey.

[BucNY]

It means Dom is a genius. Give the guys huge money right now and take it away next year so the guys end up with the same amount but we now have a ton of cap space!!!!

Quincy will get cut or restructured, as will Eric Wright and we're looking at some nice room.

I hope we don't blow the whole wad on an over paid, old CB. I don't want either guy from Philly.

We need to pay Mike Williams a solid #2 contract and sign Bennett to a decent deal. Make some moves but also be smart about it.

[acacius]

Spend the big money on Grimes and Gholston

Do you mean Goldson, or is there a guy I'm blanking on?

[Boid Fink]

Yeah acacius...who?

[acacius]

Well, Dashon Goldson is a safety for the 49ers who I believe is an UFA this coming offseason.  With Ronde's likely retirement, we could certainly use safety help.  I'm guessing that's who Supreme meant.

[Rusty]

With all the potential money why nt fantisize: 2 CB's, LB, RG, 3rd receiver (Wes Welker type), legitimate competition for Freeman, the Bennett brothers (DE & TE) complimentary RB for Martin and a stud DE pass rusher (Freeney) that's 8 FA's. Even if we get hafl ythat number, it minimizes the need to reach in the draft. This draft and next draft the FA replacements and off we go.

[Freddy]

I have no problem giving Freeman an extension now. In fact it would probably be cheaper now (if he gets his form back). Of course, any extension MUST have an absolute out clause for the Bucs so if Freeman just doesn't get his stuff together, they can let him go at no severe extra costs or cap ramifications.

But this move certainly does make it look like the Bucs are gonna be players in FA again this year.

[Rusty]

If  any of these guys; Barber, Black, Trueblood, Grimm, Joseph, Penn, Blount, Wright, Miller come off the payroll, it will only add to the FA available money. Not saying all of them should but those are your high end guys. Trueblood & Grimm for sure but some of the others are suspect.

[Supreme]

Well, Dashon Goldson is a safety for the 49ers who I believe is an UFA this coming offseason.  With Ronde's likely retirement, we could certainly use safety help.  I'm guessing that's who Supreme meant.

Indeed. excuse my sporadic idiocy.

[ryan24]

hopefully the organization has realized that spedning money in FA can be rewarding. our FAs this year did an outstanding job and relaly helped the team progress. grab a few more vets to add to all the youth and we could see a major upswing in wins

The Bucs FAs consisted of a guy who's been outstanding, a guy hurt halfway through the season and a guy who had some sort of injury seemingly the entire season, didn't show a lot on the field and was suspended for 4 games.

Regardless of the logic of the signings, what was it that would show FA can be rewarding?

[flashgordon]

I'd hate to speculate about free agents at this point; you don't know who's going to get resigned; there could be some surprise cuts as well.

[acacius]

The Bucs FAs consisted of a guy who's been outstanding, a guy hurt halfway through the season and a guy who had some sort of injury seemingly the entire season, didn't show a lot on the field and was suspended for 4 games.

Regardless of the logic of the signings, what was it that would show FA can be rewarding?

That's not so different than the results of a typical draft class, is it?  It sure seems a whole lot more rewarding than the team's "second draft"s were during the Raheem days. 

[Biggs3535]

hopefully the organization has realized that spedning money in FA can be rewarding. our FAs this year did an outstanding job and relaly helped the team progress. grab a few more vets to add to all the youth and we could see a major upswing in wins

The Bucs FAs consisted of a guy who's been outstanding, a guy hurt halfway through the season and a guy who had some sort of injury seemingly the entire season, didn't show a lot on the field and was suspended for 4 games.

Regardless of the logic of the signings, what was it that would show FA can be rewarding?

It was a helluva lot more rewarding than signing Joseph, Trueblood, Black, and a punter to $110M+ worth of contracts.

[spartan]

It means some CB is gonna get PAID.

The restructure/release of Eric Wright could also free up more space.

but you can carry the money over from this season so what's the difference ? Also no barber no black and no trueblood frees up a lot of money also

Because the roster bonus is pro-rated over the life of the contract, which because it was done this week, includes this season. For example, that is 12 /5 = 1.4 per year, instead of 12/4 = 3 million per year.

[BucDaFackUp]

http://profootballtalk.nbcsports.com/2012/12/28/jackson-nicks-scam-uncle-sam-legally/

Jackson, Nicks scam Uncle Sam, legally
Posted by Mike Florio on December 28, 2012, 2:26 PM EST



The fiscal cliff finally is intersecting with the NFL.

Lost in the suggestion that the notoriously cap-rich Buccaneers chewed up a few million in current-year cap space (which could have been carried to 2013 anyway) by shifting millions in base salary due and payable to receiver Vincent Jackson and guard Carl Nicks is the reality that Jackson and Nick likely have saved hundreds of thousands in tax dollars by taking the bulk of their 2013 pay in 2012.

Per a source with knowledge of Jackson’s contract, $12.16 million of his 2013 base salary of $13 million has been pushed into 2012, in the form of a guaranteed roster bonus that will be prorated at the rate of $2.432 million per year from 2012 through 2016.  Though the move creates plenty of 2013 spending room for a team that has cap problems only when the wind is whipping through St. Petersburg, the adjustment allowed Jackson to pocket $559,936 that otherwise would have gone to the federal government.

That’s the difference between the federal taxes Jackson will pay on the money at a 35-percent rate in 2012 and a looming 39.6-percent burden in 2013.

For Nicks, $11.785 million was shifted to 2012, creating a federal tax savings of $542,110.

The Bucs potentially benefit from this adjustment of payments via potential changes to the payroll tax rate in 2013.  But it also creates plenty of goodwill for the players.

Of course, it may not make Uncle Sam very happy.  Via those two new contracts, he’s been frozen out of more than $1 million in tax money that he otherwise would have received.

Meanwhile, why aren’t more players doing the same thing?  It’s arguably professional malpractice for agents to not at least attempt to take future pay now in order to reduce the future tax burden for their clients, and we wonder whether and to what extent the NFLPA has encouraged restructurings aimed at legitimate tax avoidance.

Uncle Sam says, “Hopefully not at all.”