Rivers restructures

[Den60]

Exactly. Others can either discount or simply not acknowledge this, but doesn't make it less true. Leverage has value.

If he didn't do that how would the team feel. You think they would be more inclined or less inclined to keep him and the $29M in salary that is part of his salary that is not guaranteed over the last two years of his contract? How do you think the fan's would have reacted to such selfishness by a player who hasn't performed well the last couple of years?

[sandiego17]

I certainly don't see having Rivers not put a gun to his employer's head as being a sign that he is being a team first guy here. That is a helluva reach.

Wow. The helluva reach is not acknowledging most players would. This isn't a game for these guys, it's their business. Your refusal to give Rivers credit for even this is funny. Unless he willingly gave up guaranteed money, even holding all the leverage, he's not a team player? Ridiculous.

[Beerman]

A restructure is in the benefit of the player EVERY TIME. They get a big bonus check which they can invest and start making money off of prior to the expected payoff. Anyone thinking this makes the player the good guy, just doesn't get restructures. This increases his guaranteed money - which is the whole reason why no player ever refuses to restructure in this manner.

[sandiego17]

If he didn't do that how would the team feel. You think they would be more inclined or less inclined to keep him and the $29M in salary that is part of his salary that is not guaranteed over the last two years of his contract? How do you think the fan's would have reacted to such selfishness by a player who hasn't performed well the last couple of years?

Why would the fans find out? I think he's confident enough in his abilities to not worry about the team cutting him because of hard feelings. That GM is gone anyway. Helluva reach.

[sandiego17]

A restructure is in the benefit of the player EVERY TIME. They get a big bonus check which they can invest and start making money off of prior to the expected payoff. Anyone thinking this makes the player the good guy, just doesn't get restructures. This increases his guaranteed money - which is the whole reason why no player ever refuses to restructure in this manner.

How did it increase his guaranteed money? His salary this season is already guaranteed.

As far as money up front, are we even 100% certain the bonus portion is not deferred?

[Beerman]

How did it increase his guaranteed money? His salary this season is already guaranteed.

A Signing bonus is guaranteed money. He had no guaranteed money the next two season. He got an extra 3.3 million in guarantees.

[sandiego17]

A Signing bonus is guaranteed money. He had no guaranteed money the next two season. He got an extra 3.3 million in guarantees.

I don't think so, the 3.3mm is for cap purposes. Unless reports are wrong, cash wise he makes the same money.

[Beerman]

I don't think so, the 3.3mm is for cap purposes. Unless reports are wrong, cash wise he makes the same money.

And here is the issue. You don't understand restructures. It's the same money yes, but it's guaranteed money. We could of cut Rivers this upcoming offseason with ZERO dead money. That is the crux of the argument. NFL contracts are ALL about GUARANTEED cash. Being able to cut anyone at any time is what makes the league great.

[sandiego17]

And here is the issue. You don't understand restructures. It's the same money yes, but it's guaranteed money. We could of cut Rivers this upcoming offseason with ZERO dead money. That is the crux of the argument. NFL contracts are ALL about GUARANTEED cash. Being able to cut anyone at any time is what makes the league great.

@brian_mcintyre: Chargers QB Philip Rivers restructured his contract. Cut $12M base to $7M, received $5M signing bonus. Move creates $6.7M in 2013 cap space


Beerman, I do understand restructures. Unless the above is wrong, he gets nothing extra. The 12mm is 2013 salary, which he would receive in full, regardless, guaranteed once he makes the roster. He restructured only that piece, his future
Salary is still not guaranteed. He could have asked that it would be, or a portion would be, but being a team guy, he didn't.

Again, unless report is wrong, he got no extra money.

[sandiego17]

The 5mm now gets spread (1.67mm against the cap between 13 to 15) team get relief, rivers doesnt get a penny more. Can we agree on that?

[Beerman]

The 5mm now gets spread (1.67mm against the cap between 13 to 15) team get relief, rivers doesnt get a penny more. Can we agree on that?

No one is saying he gets extra money. That's not the issue. He gets GUARANTEED money. He doesn't have to play a snap and he just got an extra 3.33 million.

Like I said, the team could decide to cut ties with Rivers after this season and he just got more cash out of them that he would not get otherwise. He could suffer a career ending injury and he just got 3.33 million he would not have gotten otherwise. THAT is the key difference.

Rivers is not guaranteed to be here past this season. If he plays out the remaining 3 years on his contract it won't make a difference, but there are no certainties in the NFL. The extra 3.33 million he got out of this restructure is a certainty.

[sandiego17]

No one is saying he gets extra money. That's not the issue. He gets GUARANTEED money. He doesn't have to play a snap and he just got an extra 3.33 million.

Like I said, the team could decide to cut ties with Rivers after this season and he just got more cash out of them that he would not get otherwise. He could suffer a career ending injury and he just got 3.33 million he would not have gotten otherwise. THAT is the key difference.

Rivers is not guaranteed to be here past this season. If he plays out the remaining 3 years on his contract it won't make a difference, but there are no certainties in the NFL. The extra 3.33 million he got out of this restructure is a certainty.

Not sure what your seeing. He was due 12mm in 13, which is guaranteed. Now he gets 12mm, also guaranteed. Instead of a 12mm guaranteed salary, it's a 7mm guaranteed salary and a 5mm guaranteed bonus. Guarantees are the same, money is the same, structure is the only difference.

If he doesn't play a snap in 14, he doesn't get 3.3mm, how do you come up with that?