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gibber1600 01-27-2013 02:58 PM

Signing Bonuses
 
Can someone explain on Capgeek http://www.capgeek.com/player/690 it says Brad Richards is Getting $12,000,000 this year and $8,000,000 in signing bonus so is he making $20,000,000 just for this year?

allan5oh 01-27-2013 03:01 PM

Yes. $12,000,000 for playing, $8,000,000 for signing the contract. He already got that $8,000,000 at the beginning of the season I believe. They get that money wether there's a lockout or not.

gibber1600 01-27-2013 03:03 PM

Then why dont the owners just pay the players in signing bonuses instead of cap money? Doesn't make sense.

allan5oh 01-27-2013 03:06 PM

It still counts against the cap.

gibber1600 01-27-2013 03:10 PM

Are you sure? don't think it does. I will add it up. http://www.capgeek.com/player/690.

gibber1600 01-27-2013 03:12 PM

No he is showing a cap hit of 6,666,000 thats 9 yrs/60m. Signing bonuses are not in that figure.

TonyFresco 01-27-2013 03:13 PM

Quote:

Originally Posted by gibber1600 (Post 58460673)
Can someone explain on Capgeek http://www.capgeek.com/player/690 it says Brad Richards is Getting $12,000,000 this year and $8,000,000 in signing bonus so is he making $20,000,000 just for this year?


No, that's not correct. The $12,000,000 figure includes the signing bonus. If you hover over the "?" beside the NHL Salary header, it reads "The Player's total salary in a given season, including signing bonuses."

So for this year, it is $8,000,000 signing bonus plus $4,000,000 salary for a total of $12,000,000 (before pro-ration for effect of the lockout).

allan5oh 01-27-2013 03:15 PM

After reading a bit I think I'm completely wrong.

allan5oh 01-27-2013 03:17 PM

Quote:

Originally Posted by TonyFresco (Post 58461567)
So for this year, it is $8,000,000 signing bonus plus $4,000,000 salary for a total of $12,000,000 (before pro-ration for effect of the lockout).

I know the salary is pro-rated, but I'm pretty sure the bonus is not.

But I've been wrong before.

almostawake 01-27-2013 03:18 PM

All signing bonuses are counted as part of the contract's total value for purposes of calculating the cap hit.

On capgeek the portion of annual salary paid as signing bonuses is shown. Not the amount over and above annual salary.

King Woodballs 01-27-2013 03:33 PM

it all counts towards the cap.

Whom ever had one, got paid July 1.

Look at webers contract.

gibber1600 01-27-2013 03:37 PM

If these are guaranteed contract then whats the difference if they paid in one lump some July 1st or spread out over the year? Other than this year with the lockout.

allan5oh 01-27-2013 03:45 PM

The most obvious is they get their money July 1st. I'm sure there's a number of small ramifications as well. Buyouts would be one. Also it affects their value in trades, especially with low budget teams.

http://www.capgeek.com/player/1042

2017-2018 he gets paid $8 mil July 1st and $4 mil through the year with a cap hit of almost $8 mil. To a team like the Islanders that's extremely valuable. Nashville absorbs the $8 million then trades him to the Isles.

Sweech 01-27-2013 03:51 PM

Signing bonuses count just the same against the cap.

cheswick 01-27-2013 07:23 PM

Quote:

Originally Posted by gibber1600 (Post 58463057)
If these are guaranteed contract then whats the difference if they paid in one lump some July 1st or spread out over the year? Other than this year with the lockout.

Bonuses are not subject to escrow as far as I know.


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