YoloinOhio Posted January 29, 2018 Author Share Posted January 29, 2018 1 Link to comment Share on other sites More sharing options...
Lurker Posted January 29, 2018 Share Posted January 29, 2018 Not much to see here IMO. The Bills will save $2 million against the 2018 cap if Wood retires after June 1 ($8.225 cap hit vs. $10.3 million today). However, they'll add $2 million in dead money in 2019. In the end, he gets the same amount of money from the team. But it F'd up his retirement press conference once the FO figured out the cap ramifications would benefit the team by delaying the official announcement to after June 1. Eric's probably pissed that he had all his buddies show up for nothing. Probably why Fitz said Wood has to pick up the tab for dinner! Link to comment Share on other sites More sharing options...
Uncle Joe Posted January 29, 2018 Share Posted January 29, 2018 4 minutes ago, YoloinOhio said: Have you never been there? I thought you were named after it. So good! Diner on Route 20. No, my moniker is homage to my Uncle Joe who Introduced me to the AFL champion Bills on Sunday afternoons in New Jersey 1964 & 1965. 4 Link to comment Share on other sites More sharing options...
Doc Posted January 29, 2018 Share Posted January 29, 2018 1 minute ago, Lurker said: Not much to see here IMO. The Bills will save $2 million against the 2018 cap if Wood retires after June 1 ($8.225 cap hit vs. $10.3 million today). However, they'll add $2 million in dead money in 2019. In the end, he gets the same amount of money from the team. But it F'd up his retirement press conference once the FO figured out the cap ramifications would benefit the team by delaying the official announcement to after June 1. Eric's probably pissed that he had all his buddies show up for nothing. Probably why Fitz said Wood has to pick up the tab for dinner! Whether he files paperwork to retire now or after June 1st doesn't change anything since he doesn't have to show up for team activities. This was still his farewell to the NFL because he won't be playing ever again. What F'd things up were the leak and probably finding out about the team expecting him to pay back the unamortized portion of his SB. Link to comment Share on other sites More sharing options...
Hapless Bills Fan Posted January 29, 2018 Share Posted January 29, 2018 7 minutes ago, ndirish1978 said: Isn't the fix simple for Wood? He doesn't formally retire and the Bills have to put him on IR and reach an injury settlement with him at which point in time he retires. Essentially, I think that's why Wood didn't say "I'm retiring", why he said "I'm on the roster", and why he stuck to a prepared statement. His lawyer told him saying that word "retired" could be a $4.32M mistake. Let the team make the moves. The hold-up could have been that the team, hearing "retirement", thought he was going to be a super-nice guy and take the initiative to retire, which would free them from their obligation to pay his injury-guaranteed 2018 salary and entitle them to repayment of 2/3 of his bonus. Wood and his agent said "nuh-uh, not that nice!" I don't think "injury settlement" applies here. That specifically refers to the situation where a team puts a player on IR when either the team wants to cut the player (can't cut an injured player) and/or the player wants to be released and seek a new home during the season. They agree on how many weeks the player's injury would take to heal, and pay him for that. Since Wood's injury is a permanent bar, no negotiation on that point. 1 Link to comment Share on other sites More sharing options...
Never NEVER Give-up Posted January 29, 2018 Share Posted January 29, 2018 I know no one cares, but I think they thought they would have more info to tell us but something happened and they were not able to get clear info in time for the presser (they were probably waiting on lawyers to advise them) - hence the cryptic info. Link to comment Share on other sites More sharing options...
ALF Posted January 29, 2018 Share Posted January 29, 2018 I don't blame the Bills for trying to save cap space as long as Eric gets the same payout. Coach or ambassador to make up any difference. Link to comment Share on other sites More sharing options...
Roundybout Posted January 29, 2018 Share Posted January 29, 2018 49 minutes ago, OldTimeAFLGuy said: ...absolutely agree......loathe the use of that word.....ignorance on display........... If I can get a week in time-out for calling someone a "douche," I think this guy can take a vacation too.... Link to comment Share on other sites More sharing options...
MAJBobby Posted January 29, 2018 Share Posted January 29, 2018 Only the Bills would dick this up. He could say retired all he wants actually. Until he (Eric) actually Files the paperwork he is NOT retired. Something more going on IMO. 1 Link to comment Share on other sites More sharing options...
Lurker Posted January 29, 2018 Share Posted January 29, 2018 (edited) 1 hour ago, Doc said: Whether he files paperwork to retire now or after June 1st doesn't change anything since he doesn't have to show up for team activities. This was still his farewell to the NFL because he won't be playing ever again. What F'd things up were the leak and probably finding out about the team expecting him to pay back the unamortized portion of his SB. If he files before June 1 the 2018 cap hit is $10.3 million. If he files after June 1, it's $8.225 million. He can't use the term 'retire' today due to CBA requirements if the team want's him to go the June 1 route. I doubt very much that the Bills asked him to pay back any of the SB, since it's their doctor's who certified he was healthy when he signed the extension. EDITED: Even though Wawrow's AP piece says "...According to the NFL's collective bargaining agreement, teams can ask for a portion of bonus money to be returned if a player retires before his contract expires," there's no indication the Bills asked him to do so. OTOH, his agent/lawyer probably advised him not to use the term 'retire' just so they wouldn't legally be exposed to such a request, taking it off the table. Eric would have loved to say 'retire' but the lawyers got in the way, IMO... Edited January 29, 2018 by Lurker Link to comment Share on other sites More sharing options...
Ittakestime Posted January 29, 2018 Share Posted January 29, 2018 10 minutes ago, Lurker said: If he files before June 1 the 2018 cap hit is $10.3 million. If he files after June 1, it's $8.225 million. He can't use the term 'retire' today due to CBA requirements if the team want's him to go the June 1 route. I doubt very much that the Bills asked him to pay back any of the SB, since it's their doctor's who certified he was healthy when he signed the extension. That is not what the disagreement is. The Bills want more than 4 million back in signing bonus. Read the AP article. 1 Link to comment Share on other sites More sharing options...
MAJBobby Posted January 29, 2018 Share Posted January 29, 2018 16 minutes ago, Lurker said: If he files before June 1 the 2018 cap hit is $10.3 million. If he files after June 1, it's $8.225 million. He can't use the term 'retire' today due to CBA requirements if the team want's him to go the June 1 route. I doubt very much that the Bills asked him to pay back any of the SB, since it's their doctor's who certified he was healthy when he signed the extension. Where is that he cant use the word retire today in the CBA? Link to comment Share on other sites More sharing options...
K-9 Posted January 29, 2018 Share Posted January 29, 2018 If the Bills are asking for ANY portion of his bonus in return, regardless of their expressed legal right to do so, it is a BUSH LEAGUE MOVE of the highest order. They signed Wood and gave him that bonus with the expectation that he would play out the remaining two years; it was already an expected cost and they were happy to incur it for a player of Wood's caliber, not to mention his leadership and example of the "football character" McD banks on. Yeah, it sucks that an unforeseen medical condition will force him to retire before he the contract expires, but that's as far is it should go. I don't understand given Pegula's seeming little concern about what it takes to sign players, coaches, etc. Hard to swallow when this team was glad to pay Marrone, Schwartz, Ryan, etc. multi-millions of dollars NOT to earn their respective deals through performance. You take care of Wood, regardless. Period. 2 1 Link to comment Share on other sites More sharing options...
Fadingpain Posted January 29, 2018 Share Posted January 29, 2018 (edited) 53 minutes ago, Lurker said: Not much to see here IMO. The Bills will save $2 million against the 2018 cap if Wood retires after June 1 ($8.225 cap hit vs. $10.3 million today). However, they'll add $2 million in dead money in 2019. In the end, he gets the same amount of money from the team. But it F'd up his retirement press conference once the FO figured out the cap ramifications would benefit the team by delaying the official announcement to after June 1. Eric's probably pissed that he had all his buddies show up for nothing. Probably why Fitz said Wood has to pick up the tab for dinner! I think your post sums the whole thing up well. It's just a technical thing in terms of timing and money hence the concern over labels like "voluntary retirement" or whatever language is relevant to the appropriate CBA sections. At the end of the day, that's really not very interesting. Then, as an aside, the Bills seem to have botched the whole thing and figured it out right at the last second, thus delaying the "statement" by a full hour and making Wood feel like a jerk, particularly as he had people flying in from out of town to attend. Urbik, Will Wolford, Fitz, and others... It's just another awkward mis-step in a long series of them from OBD; what makes it a little different is this one comes on Beane and McDermott's watch. The first major faux pas for them that I recall. I'm personally done with this story! It's not as interesting as it seems at first glance. Edited January 29, 2018 by Fadingpain Link to comment Share on other sites More sharing options...
MAJBobby Posted January 29, 2018 Share Posted January 29, 2018 Bills will lose any fight to get back signing bonus or INJ guarantee salary Link to comment Share on other sites More sharing options...
Big C Posted January 29, 2018 Share Posted January 29, 2018 1 hour ago, The_Dude said: This is why I don’t often comment. Retards like you. You can't say this when you don't know whether to use their, there or they're. Link to comment Share on other sites More sharing options...
Lfod Posted January 29, 2018 Share Posted January 29, 2018 6 minutes ago, K-9 said: If the Bills are asking for ANY portion of his bonus in return, regardless of their expressed legal right to do so, it is a BUSH LEAGUE MOVE of the highest order. They signed Wood and gave him that bonus with the expectation that he would play out the remaining two years; it was already an expected cost and they were happy to incur it for a player of Wood's caliber, not to mention his leadership and example of the "football character" McD banks on. Yeah, it sucks that an unforeseen medical condition will force him to retire before he the contract expires, but that's as far is it should go. I don't understand given Pegula's seeming little concern about what it takes to sign players, coaches, etc. Hard to swallow when this team was glad to pay Marrone, Schwartz, Ryan, etc. multi-millions of dollars NOT to earn their respective deals through performance. You take care of Wood, regardless. Period. Money is the root of all evil. Sometimes I wish I was a Billionaire just so I can see what kind of messed up stuff people would do for money. Then I would make my own YouTube game show and not only would people participate, people would watch. Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted January 29, 2018 Share Posted January 29, 2018 2 minutes ago, Lfod said: Money is the root of all evil. Sometimes I wish I was a Billionaire just so I can see what kind of messed up stuff people would do for money. Then I would make my own YouTube game show and not only would people participate, people would watch. The LOVE of money is the root of all evil. Not money itself. 3 Link to comment Share on other sites More sharing options...
Guest K-GunJimKelly12 Posted January 29, 2018 Share Posted January 29, 2018 Just when you are feeling great about the new regime, they go and pull this. Absolutely terrible look and timing by the BIlls. Link to comment Share on other sites More sharing options...
OldTimeAFLGuy Posted January 29, 2018 Share Posted January 29, 2018 1 hour ago, Lurker said: Not much to see here IMO. The Bills will save $2 million against the 2018 cap if Wood retires after June 1 ($8.225 cap hit vs. $10.3 million today). However, they'll add $2 million in dead money in 2019. In the end, he gets the same amount of money from the team. But it F'd up his retirement press conference once the FO figured out the cap ramifications would benefit the team by delaying the official announcement to after June 1. Eric's probably pissed that he had all his buddies show up for nothing. Probably why Fitz said Wood has to pick up the tab for dinner! ...thanks for observation and assessment......and as long as he still gets the same amount of money, isn't it incumbent upon Beane & McD to do this in a way beneficial to the club?.... Link to comment Share on other sites More sharing options...
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