salary cap


With his contract up at the end of the 2013 season, unhealthy it was a make it or break it year for Bears quarterback Jay Cutler, prostate  and despite Cutler’s injuries and inability to take the team to the post season, the Bears front office has made it clear that #6 isn’t going anywhere this offseason.

The Bears announced yesterday that they had inked the controversial Chicago QB to a new 7-year contract that will keep Cutler a Bear until 2020. Although financial terms to the deal were not specifically released, it is being said that his contract includes $50 million in guaranteed money…not bad for a sub-par QB who hasn’t led the Bears to a Super Bowl in his five seasons, is 39-28 in 67 starts, and ended this season with a measly 8-8 record.

Let’s get down to the nitty gritty of the deal and also take a look at how teammates, fans and the press are responding to this generous deal.

WHAT YOU NEED TO KNOW:

  • Cutler ended the season with 2,621 yards passing, a 63.1 completion percentage, 19 touchdowns and an 89.2 passer rating. Those stats are a definite improvement from years prior but, in my opinion, they aren’t deserving of a 7-year contract extension. With a new head coach, who seems to work well with Cutler, and weapons like Alshon Jeffery, Matt Forte and Brandon Marshall, I knew upper management would decide to give Cutty more time in Chicago but as I touched on earlier, I didn’t foresee such a lucrative deal being put on the table. However, the decision is very important to their salary cap, so it makes sense that they made it so quickly.

    Kyle Long responds to Cutler Skeptic

  • Caption read: “BOOM…JAY 7 for 126…Congrats now let’s go Win”

    Twitter is abuzz with reactions to this big decision. Cutler’s teammates seem to be pleased with the contract extension, namely Brandon Marshall, who’s been playing with No. 6 since college. Right after the deal was announced, Marshall took to social media to express his excitement. Even rookie Kyle Long defended his QB. I can’t say that I’ve seen the same reaction from fans though. Many share my belief that the deal is too generous, others have said it’s ridiculous that he’s even coming back and there’s even a few who think backup QB Josh McCown, should have snagged Cutty’s spot. However, the impression I have gotten from the press, is that they agree with keeping the QB around, some citing that it’s just easier than searching for a new franchise QB, and others saying he is just too talented to let go. Bulls reporter Nick Friedell poses an important question below…what’s your response, ladies?

WHAT’S NEXT:

Marc Trestman and Phil Emery, Photo Credit- Jose M. Osorio/ Chicago Tribune

With new Cutler’s contract, the offense is pretty much set but you should expect GM Phil Emery and Coach Marc Trestman to be making a whole lot of changes on Chicago’s defense. So far this off season CB Tim Jennings (4-year deal) and OL Matt Slauson (4-year deal) are the only other Bears’ who have received contraction extensions – both were announced yesterday with Cutler’s extension. There are 25 more players on the Bears’ roster who have contracts scheduled to expire on March 11, including seven first-stringers on a defense that finished last place in the NFL in yards allowed per play (sigh). Veteran guys like Devin Hester and Charles Tillman are on that long list. Going into the 2014 NFL Draft, Chicago will have the 14th overall pick and from Emery’s quote below, you can see that their goal is clear.

“I will just tell you we’re going to be a younger defense. The draft will be focused in that area…Defensively, it was not about, is it D-line, linebacker, safety…it’s about finding the best playmakers, the guys that can make a dynamic difference to our defense.”

Love or hate the Bears decision, one thing is for sure – this team will look much different next season when the Bears take the field. We can expect many changes to the roster this offseason, let’s just hope they are all for the best.

It has been a pleasure chatting about the Bears with all of you this season and hopefully by this time next year, Chicago will still be fighting their way through playoffs. And as always, Bear down, sports divas!

0 comments

NBA1

Let the gossip and rumors begin…it’s officially the countdown to the NBA Trade Deadline. With the NBA All Star break wrapping up this weekend, viagra sale NBA players and fans will now wait for the official NBA Trade Deadline that falls this Thursday, view February 21st. If terms like “Trade Deadlines”, “Salary Caps” and “Luxury Tax” mean absolutely nothing to you, then read on to learn about these important rules and benchmarks that govern the NBA and make this time of year so exciting.

The process of trading and negotiating for players before the deadline is complex. The NBA has a ton of rules and regulations that teams are required to abide by – it’s not as easy as picking two players and swapping them out.  But, as an NBA fan, it’s something you need to be familiar with to understand the overall strategy and actions teams take this time of year. I’ve cut through all of the rules and details to deliver the most important details with some real life equivalents. Take a look…

Trade Deadline: 

Real World equivalent: Tax Return Deadline – you gotta file those taxes before April 17th

  • The NBA’s trade deadline falls on the 16th Thursday of the season (usually in February) at 3 PM ET. 
  • Trades made past the deadline date and time are absolutely forbidden.

moneySalary Cap: 

Real World Equivalent: Your credit limit

  • Is the maximum amount of money an NBA team can pay the players on their team as a whole. The value of the salary cap changes on a year-to-year basis. Each year this amount is calculated as a percentage of the league’s total revenue. 
  • However, the NBA has a soft cap that allows for a team to exceed that year’s salary cap to re-sign their own players and keep support of that particular city.
  • The amount of money a player can be signed for is determined on how many years they’ve been in the league. 6 years or under $9 million or 25% of cap, 7-9 years is $11 million or 30% of cap, and 10+ years is $14 million or 35% of the cap – they would choose whichever is greater.
  • *Derrick Rose Rule* is a big rookie exception. This rule added in 2011 says if a player coming off his rookie contract started in two NBA All-Star games, was named to an All-NBA team twice, or voted MVP they are eligible to sign for 30% of the cap.

luxury taxLuxury Tax: 

Real World Equivalent: This tax exists in the general economy, it’s usually applied to purchases that are considered ‘sin’ purchases such as liquor and tobacco but can also be applied to luxury cars and jewelry, items that are not a necessity. Many immediately think of the Monopoly board game where the “luxury tax” card has a sparkly diamond ring but you have to give $75 to the bank.

  • The Luxury Tax in the NBA is essentially a fine. If you break the rules by paying players more than the salary cap, there are consequences. When a NBA team’s payroll exceeds a certain “tax level” (determined by a very complicated and boring formula) they are charged a Luxury Tax. The luxury tax forces teams to pay one dollar to the league for every dollar their payroll exceeds the tax level.

Trading Rules: 

  • Teams under the salary cap can trade as they please, as long as their trades don’t exceed $100,000 above the cap.
  • Teams above the cap are in a much stickier situation. They can’t acquire more than 125% plus $100,000 of the salary they trade away. So basically they have to be REALLY careful in any trades that they make.
  • If a team signed a free agent in the offseason they have to wait 3 months or until December 15th of that year to trade them away.
  • If a team picks up a player in a trade, they are allowed to trade that player immediately for another individual player.
  • To sweeten the pot teams also include other tokens in the trade deals – usually appealing draft picks.
  • ESPN’s Trade Machine is a great way to see if any potential trades are possible. It’s quick and easy, you just plug and chug. It lets you know why your trade would be possible or not.

NBATradeMachineESPN

Biggest Bulls Trade Rumors: 

With the Bulls exceeding the salary cap it’s very unlikely that they’ll be making any serious additions before the trade deadline. If anything, they’ll be looking to lose someone to give themselves a little wiggle room within their salary cap. Nonetheless, there are still some possible trades circling around the rumor mill.

  • Orlando Magic Shooting Guard J.J. Redick for Bulls Shooting Guard Rip Hamilton. Redick has been linked to the Bulls before – in 2010 he signed an offer with the Bulls, but the Magic countered it. Confirmed by HoopsWorld’s Alex Kennedy.
    Orlando Magic v New York Knicks
    source: Examiner.com
  • Toronto Raptors’ Andrea Bargnani for Carlos Boozer – however it’s unlikely any team would be willing to take on Boozer’s hefty contract. The potential deal could also include Nate Robinson for past Bull’s point guard John Lucas III. Confirmed by Chicago Tribune’s KC Johnson. 

All we can do at this point is wait and see what rumors surface before Thursday and which actually pan out. Check back in next week for a re-cap on what went down and who went where.

0 comments
back to top