kkuenn 3,597 Posted September 13, 2023 Author Share Posted September 13, 2023 Link to comment Share on other sites More sharing options...
xen 1,010,219 Posted September 15, 2023 Share Posted September 15, 2023 Details coming in and an interesting structure on the CJ rework. The new bonuses are being treated as option bonuses and 4 void years were added at the end. So since they're option bonuses added in season, they're all treated as NLTBE bonuses and put on subsequent voided cap years. If not earned they're refunded to the cap. If earned, cap hit can be spread out on the void years. If they tag or he hits FA they would accelerate into 2024 for the ones earned. Some of those bonuses he is unlikely to hit. Smart job by Chiefs brass. Mr Ev and Lamardirts 2 Link to comment Share on other sites More sharing options...
kkuenn 3,597 Posted September 15, 2023 Author Share Posted September 15, 2023 14 minutes ago, xen said: Details coming in and an interesting structure on the CJ rework. The new bonuses are being treated as option bonuses and 4 void years were added at the end. So since they're option bonuses added in season, they're all treated as NLTBE bonuses and put on subsequent voided cap years. If not earned they're refunded to the cap. If earned, cap hit can be spread out on the void years. If they tag or he hits FA they would accelerate into 2024 for the ones earned. Some of those bonuses he is unlikely to hit. Smart job by Chiefs brass. As long as CJ thinks he won and got a great deal...... oldtimer 1 Link to comment Share on other sites More sharing options...
ATLchief 3,126 Posted September 15, 2023 Share Posted September 15, 2023 43 minutes ago, xen said: Details coming in and an interesting structure on the CJ rework. The new bonuses are being treated as option bonuses and 4 void years were added at the end. So since they're option bonuses added in season, they're all treated as NLTBE bonuses and put on subsequent voided cap years. If not earned they're refunded to the cap. If earned, cap hit can be spread out on the void years. If they tag or he hits FA they would accelerate into 2024 for the ones earned. Some of those bonuses he is unlikely to hit. Smart job by Chiefs brass. I think this is what they mean when they talk about "creative financing." oldtimer 1 Link to comment Share on other sites More sharing options...
oldtimer 8,684 Posted September 15, 2023 Share Posted September 15, 2023 58 minutes ago, xen said: Details coming in and an interesting structure on the CJ rework. The new bonuses are being treated as option bonuses and 4 void years were added at the end. So since they're option bonuses added in season, they're all treated as NLTBE bonuses and put on subsequent voided cap years. If not earned they're refunded to the cap. If earned, cap hit can be spread out on the void years. If they tag or he hits FA they would accelerate into 2024 for the ones earned. Some of those bonuses he is unlikely to hit. Smart job by Chiefs brass. none of that makes any sense to me but like KK said..If CJ thinks he got a good deal then it's a good deal Link to comment Share on other sites More sharing options...
qnet 1,150 Posted September 15, 2023 Share Posted September 15, 2023 30 minutes ago, oldtimer said: none of that makes any sense to me but like KK said..If CJ thinks he got a good deal then it's a good deal I agree, just don't understand how he thinks he got a good deal. I guess he's betting on himself. Link to comment Share on other sites More sharing options...
kkuenn 3,597 Posted September 15, 2023 Author Share Posted September 15, 2023 According to the good folks at Over the Cap, the Chiefs tacked on the incentives as an option bonus with four void years in order to avoid paying for the incentives in 2023. This move keeps Jones' cap hit at $26.8M for the 2023 NFL season, leaving the Chiefs with around $180K in 2023 after the Joe Thuney restructure. With the void years, it looks as if Jones carries $1.35M toward the cap in 2024, 2025, 2026, and 2027. Those years will automatically void on a certain date. However, the cap hits could be lower depending on the Jones' earned incentives this season. There's also another catch. If Jones becomes an unrestricted free agent in 2024, all of that incentive money earned in 2023 would be accelerated against the 2024 salary cap. That would also be the case if the Chiefs use the franchise tag on Jones. If Jones were to sign a new extension prior to the 2024 void year kicking in, the Chiefs would be able to spread the remainder of Jones' earned incentive cap hits over the life of the new deal. https://atozsports.com/kansas-city/chiefs-chris-jones-contract-void-years-option-bonus-2024-salary-cap/ Link to comment Share on other sites More sharing options...
Burpo The Mad Clown 5,554 Posted September 15, 2023 Share Posted September 15, 2023 2 hours ago, xen said: Details coming in and an interesting structure on the CJ rework. The new bonuses are being treated as option bonuses and 4 void years were added at the end. So since they're option bonuses added in season, they're all treated as NLTBE bonuses and put on subsequent voided cap years. If not earned they're refunded to the cap. If earned, cap hit can be spread out on the void years. If they tag or he hits FA they would accelerate into 2024 for the ones earned. Some of those bonuses he is unlikely to hit. Smart job by Chiefs brass. What I read: CJ bla bla bla 4 years unintelligible bla bla cap something or other bla tag bla bla 2024 bla bla bonuses bla Smart job by Chiefs brass. oldtimer, Lamardirts and qnet 1 1 1 Link to comment Share on other sites More sharing options...
jetlord 10,207 Posted September 15, 2023 Share Posted September 15, 2023 2 hours ago, Nadlers Quivering Balls said: What I read: CJ bla bla bla 4 years unintelligible bla bla cap something or other bla tag bla bla 2024 bla bla bonuses bla Smart job by Chiefs brass. Are you sure you're not a lawyer? xen 1 Link to comment Share on other sites More sharing options...
kkuenn 3,597 Posted September 15, 2023 Author Share Posted September 15, 2023 21 minutes ago, jetlord said: Are you sure you're not a lawyer? I am sure he is not or we would have been billed for that reply. West and oldtimer 1 1 Link to comment Share on other sites More sharing options...
Thegoatee 1,780 Posted September 15, 2023 Share Posted September 15, 2023 This crap is getting as complicated as the US tax code. Oh for the days of “you get this much money” and that is it. Link to comment Share on other sites More sharing options...
kkuenn 3,597 Posted September 17, 2023 Author Share Posted September 17, 2023 Chiefs' cap issues make tag for Chris Jones unlikely, sources say https://www.espn.com/nfl/story/_/id/38414514/chiefs-cap-issues-make-tag-chris-jones-unlikely-sources-say oldtimer 1 Link to comment Share on other sites More sharing options...
oldtimer 8,684 Posted September 17, 2023 Share Posted September 17, 2023 1 hour ago, kkuenn said: Chiefs' cap issues make tag for Chris Jones unlikely, sources say https://www.espn.com/nfl/story/_/id/38414514/chiefs-cap-issues-make-tag-chris-jones-unlikely-sources-say I dont see a tag in the future regardless Link to comment Share on other sites More sharing options...
kkuenn 3,597 Posted September 17, 2023 Author Share Posted September 17, 2023 36 minutes ago, oldtimer said: I dont see a tag in the future regardless I would love to tag and trade. A possible 3rd round comp pick sucks in this case. Link to comment Share on other sites More sharing options...
xen 1,010,219 Posted September 17, 2023 Share Posted September 17, 2023 2 hours ago, kkuenn said: Chiefs' cap issues make tag for Chris Jones unlikely, sources say https://www.espn.com/nfl/story/_/id/38414514/chiefs-cap-issues-make-tag-chris-jones-unlikely-sources-say Little over 203.5m in obligations even if CJ hits all NLTBE incentives. Not sure how that equates to up against the cap. If the cap goes up as expected, that puts us around 40m under. https://www.spotrac.com/nfl/kansas-city-chiefs/cap/2024/ Lamardirts 1 Link to comment Share on other sites More sharing options...
jetlord 10,207 Posted September 17, 2023 Share Posted September 17, 2023 2 minutes ago, xen said: Little over 203.5m in obligations even if CJ hits all NLTBE incentives. Not sure how that equates to up against the cap. If the cap goes up as expected, that puts us around 40m under. https://www.spotrac.com/nfl/kansas-city-chiefs/cap/2024/ Sneed, Bolton, Gay, Humphrey, Smith. Link to comment Share on other sites More sharing options...
xen 1,010,219 Posted September 17, 2023 Share Posted September 17, 2023 1 hour ago, jetlord said: Sneed, Bolton, Gay, Humphrey, Smith. Won't be resigned, under contract, won't be resigned, under contract, under contract. Boone and Lamardirts 1 1 Link to comment Share on other sites More sharing options...
Thegoatee 1,780 Posted September 17, 2023 Share Posted September 17, 2023 Gay and Smith are replaceable. Sneed would be nice to keep. Bolton and Humphrey are need to keeps. xen 1 Link to comment Share on other sites More sharing options...
Popular Post reesebobby 5,661 Posted September 17, 2023 Popular Post Share Posted September 17, 2023 4 hours ago, kkuenn said: I would love to tag and trade. A possible 3rd round comp pick sucks in this case. A tag and trade is better than a 3rd round comp pick, but I think you have to make every effort to extend him. That guy changes games. We saw that today after being back in the room for a week. Joe_Chief, qnet, oldtimer and 2 others 1 4 Link to comment Share on other sites More sharing options...
gochiefsgo 380 Posted September 18, 2023 Share Posted September 18, 2023 Where’s the Chris Jones incentive tracker Topic? He needs to walk on water, turn water into wine and give eyesight to the blind to make back his lost revenue during his holdout. Link to comment Share on other sites More sharing options...
gochiefsgo 380 Posted September 18, 2023 Share Posted September 18, 2023 34 minutes ago, gochiefsgo said: Where’s the Chris Jones incentive tracker Topic? He needs to walk on water, turn water into wine and give eyesight to the blind to make back his lost revenue during his holdout. He can probably meet some of these incentives but to really make any extra money he’d have to have a miraculous year. Good job chiefs brass. Link to comment Share on other sites More sharing options...
KC Warpaint 3,234 Posted September 18, 2023 Share Posted September 18, 2023 On 9/17/2023 at 3:50 PM, xen said: Won't be resigned, under contract, won't be resigned, under contract, under contract. i would prefer to keep the O-Line intact for Patrick's sake, so i would hope Smith would not be going anywhere. Link to comment Share on other sites More sharing options...
jetlord 10,207 Posted September 19, 2023 Share Posted September 19, 2023 On 9/17/2023 at 2:50 PM, xen said: Won't be resigned, under contract, won't be resigned, under contract, under contract. I'm including next year since they'll want extensions and that's the cap space you mentioned. Link to comment Share on other sites More sharing options...
xen 1,010,219 Posted September 19, 2023 Share Posted September 19, 2023 33 minutes ago, jetlord said: I'm including next year since they'll want extensions and that's the cap space you mentioned. No it's not. When Bolton, Humphrey and Smith are up f9r contract it's closer to 140m in cap space pre mahomes contract reshuffle and whatever we do next year. Chiefs are in shape to resign who they want. Link to comment Share on other sites More sharing options...
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