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Buff News: Moulds '05 Savings $3.4 Million


JoeF

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Story is posted on the home page. Actual savings is $3.4 million for '05. This probably allows us to either sign one more player or extend a Clements or McGee over the $2 Million in savings reported earlier. In addition this puts us squarely in the game to resign Jennings and/or Williams and address some other needs (LG/K/TE/coverage LB-for third down D--which I think needs to be addressed)

 

Eric says he tells friends "Buffalo is the most beautiful city in the summer time."

 

He gets the same amount of money as under the old contract--but the Bills get an extra year and significantly reduced cap hit....good for everyone.

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The actually savings were a little more than $3.6 million

 

 

old deal:

 

2005: $5.5 million salary, $2 million amortization, $1 million reporting/roster, $100,000 workout bonus, $175,000 LTBE Pro Bowl bonus Cap hit: $8.775 million

 

new deal:

 

2005: $1.5 million salary, $2 million old amort. , $1,666,666 new amort Cap hit: $5,166,666

 

$8,775,000 - $5,166,666 = $3,609,334

 

 

Until salaries for 2006 & 2007 are known, don't know what the cap savings in 2006 will be, but his cap number WAS $9.189 million and will likely be much less

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The Bills, and all us fans, should feel lucky that a guy like moulds actually digs Buffalo. He could go anywhere he wanted and he'd be in demand. He holds all the power in this relationship, and he chose Buffalo. Again, we're lucky.

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The actually savings were a little more than $3.6 million

old deal:

 

2005: $5.5 million salary, $2 million amortization, $1 million reporting/roster, $100,000 workout bonus, $175,000 LTBE Pro Bowl bonus  Cap hit: $8.775 million

 

new deal:

 

2005: $1.5 million salary, $2 million old amort. , $1,666,666 new amort  Cap hit: $5,166,666

 

$8,775,000 - $5,166,666 = $3,609,334

Until salaries for 2006 & 2007 are known, don't know what the cap savings in 2006 will be, but his cap number WAS $9.189 million and will likely be much less

I wondered when clump would make his grand appearance :doh: !

 

Is this a paycut of sorts, clumpy? Just curious.

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The actually savings were a little more than $3.6 million

old deal:

 

2005: $5.5 million salary, $2 million amortization, $1 million reporting/roster, $100,000 workout bonus, $175,000 LTBE Pro Bowl bonus  Cap hit: $8.775 million

 

new deal:

 

2005: $1.5 million salary, $2 million old amort. , $1,666,666 new amort  Cap hit: $5,166,666

 

$8,775,000 - $5,166,666 = $3,609,334

Until salaries for 2006 & 2007 are known, don't know what the cap savings in 2006 will be, but his cap number WAS $9.189 million and will likely be much less

236651[/snapback]

 

 

Clumpy--Jim Overdorf needs to put you on the payroll....thanks....

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So with the release of drew and Pierson Prioleau we would be close to 17mil under the cap???

  

That would give us plenty of money to fix what needs fixing.

236676[/snapback]

I think the Bills were only $4 million or so under after renogiating, add another $5 million because of the increase by the NFL and if the $3.6 figuere is correct then I would say we're only $12.6 under.

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I wondered when clump would make his grand appearance :P !

 

Is this a paycut of sorts, clumpy?  Just curious.

236689[/snapback]

 

 

If you look at the old numbers, Moulds was scheduled to make $6.6 million in actual money in his pocket. The $2 million amortization is from his original $12 million signing bonus he got in 2001. The Pro Bowl counts on the cap but he would need to make next yrs PB to get that $175,000. The new deal maintained "present value" because, if the Buffalo News numbers are correct :doh: , then he will get $6.5 million in actual money in 2005. Without salary info for 2006 & 2007, difficult to say whether he took a paycut overall.

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Clumpy--Jim Overdorf needs to put you on the payroll....thanks....

236719[/snapback]

 

 

I would love to join the Bills FO working on the cap :doh:

 

But rest assured, I know maybe 50% of what the experts know. I would have a HUGE amount of material to learn, but I AM VERY WILLING TO BURN THE MIDNIGHT OIL if given the chance :P

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The Bills, and all us fans, should feel lucky that a guy like moulds actually digs Buffalo. He could go anywhere he wanted and he'd be in demand. He holds all the power in this relationship, and he chose Buffalo. Again, we're lucky.

 

before moulds signed his 6 year deal, I remember he said he talked to some other player who left his original team and he told him if he liked Buffalo to stay there cause going to a new team can suck. Anyone remember who it was?

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I would love to join the Bills FO working on the cap  :doh:

 

But rest assured, I know maybe 50% of what the experts know. I would have a HUGE amount of material to learn, but I AM VERY WILLING TO BURN THE MIDNIGHT OIL if given the chance  :P

236747[/snapback]

If you apply, list 4,100+ references (TBD members).

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