Since he restructured his deal, he has nearly 2.5mil guaranteed in '15 and '16, so the Bucs can save a little over $7mil in both of those seasons.
Vincent Jackson has no further payments coming to him from the Bucs if he is either cut or traded. You likely are getting confused as to the prorated application of his signing bonus for the restructure and how it is applied to the cap. That payment was made at the time of the restructure. Should he not be back, it would result in a little over $7mil in dead money total which can be spread out over two years and also result in a cap savings of a little over $7mil for 2015.
Nope.He would be owed a restructure bonus of 2,432,000 in '15 and 2,432,000 in '16.If they cut him after this year, there would be 4,864,000 in dead money, which is those two years of 2,432,000 bonuses.If they cut him after '15, then there would be 2,432,000 in dead money, which is the remaining year of 2,432,000 bonus money.In 2013, V-Jax restructure and was given a restructure bonus of $12.16 million to be spread over the remainder of his deal. If they cut him now, they would owe him the remainder of that year to year bonus. That is why each season the amount of dead money goes down from 7,296,000 to 4,864,000 to 2,432,000.....which each year is a difference of........2,432,000
The cash was paid to Jackson (and Carl Nicks) at the end of 2012. The "prorated" portion of the bonus refers to the cap hit for each year for the bonus. This is by no means unusual and is pretty standard. You get paid a big number in a bonus one year and the bonus is prorated against the cap over the life of the contract.
Things changed, however, in December of that year. The Buccaneers restructured both Nicks' and Vincent Jackson's contracts. The final three years of both players' five-year contracts remained unchanged, but their second year salaries - $12.5M for Nicks, $13M for Jackson - were effectively gutted, down to $715,00 for the former and $840,000 for the latter. This significantly reduced the pair's salary cap hits for 2013, which no doubt enabled Dominik to execute the trade for Revis. The rest of those 2013 salaries were then paid out immediately, which, as ProFootballTalk noted at the time, saved them each over half a million dollars by pre-empting an upcoming tax increase. Though the remainder of the 2013 salaries were paid out in 2012, for cap purposes they were turned into pro-rated bonuses - so, in the case of Nicks, that $11.785 million was turned into five $2.357 million chunks, to be added to the cap hit for the players during each year of their contract. Here's the key: those prorated bonuses, in bold italics, were already paid out as a lump sum in 2012. That means, no matter what, they HAVE to be ‘paid' - not physically in cash, but they have to be clocked against the salary cap over the life of the contract. Something else worth pointing out - that fully-guaranteed $25 million? If you add together his first and second year base salaries, his first year roster bonus, and the sum total of those prorated bonuses (which, in terms of cash, has already been paid), then you'll see that, on paper, Nicks has already earned all of that $25 million.
PewterReport.com prides itself on being the most complete, comprehensive news source covering the Tampa Bay Buccaneers and delivering inside scoop on the team found nowhere else.