Diehl Restructures contract

[gzellf]

<strong class="fullname js-action-profile-name">off of twitter: [/b]
<a class="account-group js-account-group js-action-profile js-user-profile-link" href="https://twitter.com/#%21/TheBlueScreen" data-user-id="40679590"><strong class="fullname js-action-profile-name">Ralph Vacchiano[/b]
<span>?</span>
<span class="username js-action-profile-name"><s>@</s>TheBlueScreen</span>
</a>


<p class="js-tweet-text">"Looks like OL David Diehl restructured his
contract, lowering his base salary from $4.2M to $1.2M. That clears
another $1.5M in cap space."</p><p class="js-tweet-text">
</p><p class="js-tweet-text">I'm loving how everyone is chipping in to get cap space so that we can keep the team together while improving as well. Great start to free agency in my humble opinion.</p><p class="js-tweet-text">
</p><p class="js-tweet-text">~Gzellf
</p>

[gzellf]

Double post. I guess I started writing just as someone else was as well. If a moderator would kindly delete this, i would appreciate it!

[bLuereverie]

eh

[miked1958]

[quote user="gzellf"]<strong class="fullname js-action-profile-name">off of twitter: [/b]
<a class="account-group js-account-group js-action-profile js-user-profile-link" href="https://twitter.com/#%21/TheBlueScreen" data-user-id="40679590"><strong class="fullname js-action-profile-name">Ralph Vacchiano[/b]
<span>?</span>
<span class="username js-action-profile-name"><s>@</s>TheBlueScreen</span>
</a>


<p class="js-tweet-text">"Looks like OL David Diehl restructured his
contract, lowering his base salary from $4.2M to $1.2M. That clears
another $1.5M in cap space."</p><p class="js-tweet-text">
</p><p class="js-tweet-text">I'm loving how everyone is chipping in to get cap space so that we can keep the team together while improving as well. Great start to free agency in my humble opinion.*</p><p class="js-tweet-text">
</p><p class="js-tweet-text">~Gzellf
</p>[/quote]Great! Don't understand the Cap and the guaranteed part. So question is, if his base went from 4.2 to 1.2 wouldn't that be 3m in Cap space instead of 1.5m?

[gzellf]

I have no clue how the math works with the cap space haha. it's like black magic to me.

[bLuereverie]

The 3mil shaven gets divided evenly amongst the remaining years. He has two years left. So half applies this year, half applies next.

[miked1958]

[quote user="bLuereverie"]The 3mil shaven gets divided evenly amongst the remaining years. He has two years left. So half applies this year, half applies next.[/quote]
Okay. Now that makes sense. So in case of Eli going from 10m down to 1m the 9m saved got spread over the remaining yrs..ok so he saved us about 2m in Cap space nut it will add 2m to what it would of been next yr.

[lawl]

He's lucky he wasn't cut.

[miked1958]

[quote user="miked1958"][quote user="bLuereverie"]The 3mil shaven gets divided evenly amongst the remaining years. He has two years left. So half applies this year, half applies next.[/quote]
Okay. Now that makes sense. So in case of Eli going from 10m down to 1m the 9m saved got spread over the remaining yrs..ok so he saved us about 2m in Cap space nut it will add 2m to what it would of been next yr.[/quote]
So all in all is it because we do so much restructuring that we get in so much Cap trouble every yr by deferring so much salary it hurts us in long run

[TheEnigma]

[quote user="lawl"]He's lucky he wasn't cut.[/quote]My thoughts exactly. I think he agreed to this knowing he was a possible cut.