RPbillsfan Posted May 30, 2018 Share Posted May 30, 2018 As I understand the Bills can formally release Eric Wood on Friday, split the dead cap between the 2018 and 2019 seasons which would result in an approximate addition of about 3.3 million dollars to this years cap availability. Plus this also adds a roster spot with about 22 million left in cap space and only the Josh Allen and Harrison Phillips contracts to complete. Based on slotting, those contracts will take about 4.5 million in 2018 cap space leaving the Bills around 17.5 million and one open roster spot. Intetested in your opinion on what the Bills might do. Link to comment Share on other sites More sharing options...
Doc Posted May 30, 2018 Share Posted May 30, 2018 They won't cut him. They'll place him on the reserve-retired list. Link to comment Share on other sites More sharing options...
RPbillsfan Posted May 30, 2018 Author Share Posted May 30, 2018 10 minutes ago, Doc said: They won't cut him. They'll place him on the reserve-retired list. Do you know how that impacts our salary cap? Link to comment Share on other sites More sharing options...
Hapless Bills Fan Posted May 30, 2018 Share Posted May 30, 2018 17 minutes ago, Doc said: They won't cut him. They'll place him on the reserve-retired list. What's your thinking there, Doc? I don't think they can put a player on the "retired" list unless he, you know, says he's...retired They can release him with a "failed physical" designation if they like. Link to comment Share on other sites More sharing options...
Doc Posted May 30, 2018 Share Posted May 30, 2018 11 minutes ago, RPbillsfan said: Do you know how that impacts our salary cap? I believe no different than being cut. So spread out cap hit over 2 seasons. 3 minutes ago, Hapless Bills Fan said: What's your thinking there, Doc? I don't think they can put a player on the "retired" list unless he, you know, says he's...retired They can release him with a "failed physical" designation if they like. Huh? What makes you think Wood won't retire? Link to comment Share on other sites More sharing options...
ColoradoBills Posted May 30, 2018 Share Posted May 30, 2018 (edited) 30 minutes ago, RPbillsfan said: As I understand the Bills can formally release Eric Wood on Friday, split the dead cap between the 2018 and 2019 seasons which would result in an approximate addition of about 3.3 million dollars to this years cap availability. Plus this also adds a roster spot with about 22 million left in cap space and only the Josh Allen and Harrison Phillips contracts to complete. Based on slotting, those contracts will take about 4.5 million in 2018 cap space leaving the Bills around 17.5 million and one open roster spot. Intetested in your opinion on what the Bills might do. When a player is cut "Post June 1" the dead cap isn't split equally. The 2018 cap hit will be what was owed to him in 2018. The 2019 cap hit will be his signing bonus for that year. Per Spotrac #'s for Wood. Post 1 June cut: 2018 Dead Cap: $8,225,000 2019 Dead Cap: $2,166,668 2018 Cap Savings: $650,000 I'm not 100% sure if Retired/Reserve changes that, but I don't think so. Edited May 30, 2018 by ColoradoBills Link to comment Share on other sites More sharing options...
Steve Billieve Posted May 30, 2018 Share Posted May 30, 2018 If his departure is considered a retirement it definitely changes the cap implications, otherwise there wouldn't be fighting about it. Link to comment Share on other sites More sharing options...
Captain Hindsight Posted May 30, 2018 Share Posted May 30, 2018 2 hours ago, Doc said: Huh? What makes you think Wood won't retire? ? Link to comment Share on other sites More sharing options...
machine gun kelly Posted May 30, 2018 Share Posted May 30, 2018 From what he said himself and the serious neck injury, I can’t believe he’ll ever come back as it sounded serious. Link to comment Share on other sites More sharing options...
Doc Posted May 30, 2018 Share Posted May 30, 2018 11 minutes ago, Captain Hindsight said: ? He was told he could never play football again and held a PC to announce his retirement. Unless the Bills are demanding he repay some money, he'll retire. Link to comment Share on other sites More sharing options...
Captain Hindsight Posted May 30, 2018 Share Posted May 30, 2018 7 minutes ago, Doc said: He was told he could never play football again and held a PC to announce his retirement. Unless the Bills are demanding he repay some money, he'll retire. Well I think that is what is happening. Hence the very odd retirement ceremony. I think he is waiting to get cut Link to comment Share on other sites More sharing options...
Hapless Bills Fan Posted May 30, 2018 Share Posted May 30, 2018 3 hours ago, Doc said: Huh? What makes you think Wood won't retire? 12 minutes ago, Doc said: He was told he could never play football again and held a PC to announce his retirement. Unless the Bills are demanding he repay some money, he'll retire. If Wood retires, he needs to pay back $5.59M of pro-rated signing bonus for 2018 and 2019. And, as I understand it, he would also void his 2018 salary of $5.05M (fully guaranteed for injury). $10.59M is a lot of clam-shells to turn your back upon. Wood held a PC in which he very carefully did not mention the word "retirement", and the above is the reason why. 15 minutes ago, machine gun kelly said: From what he said himself and the serious neck injury, I can’t believe he’ll ever come back as it sounded serious. No, he won't play football again. But he'll put it on the Bills to release him with a "failed physical" designation, in which case he unambiguously keeps his signing bonus and (given the condition was discovered at his end-of-season physical) his fully-injury guaranteed 2018 salary. 2 Link to comment Share on other sites More sharing options...
Doc Posted May 30, 2018 Share Posted May 30, 2018 (edited) 1 hour ago, Captain Hindsight said: Well I think that is what is happening. Hence the very odd retirement ceremony. I think he is waiting to get cut I think he thought he could retire immediately. 1 hour ago, Hapless Bills Fan said: If Wood retires, he needs to pay back $5.59M of pro-rated signing bonus for 2018 and 2019. And, as I understand it, he would also void his 2018 salary of $5.05M (fully guaranteed for injury). $10.59M is a lot of clam-shells to turn your back upon. Wood held a PC in which he very carefully did not mention the word "retirement", and the above is the reason why. No, he won't play football again. But he'll put it on the Bills to release him with a "failed physical" designation, in which case he unambiguously keeps his signing bonus and (given the condition was discovered at his end-of-season physical) his fully-injury guaranteed 2018 salary. He only needs to re-pay it if the Bills demand it back. And I believe the 2018 salary is guaranteed regardless. And let me say, I personally think he should give something back, whether it be the bonus or the 2018 base salary. Getting both is double-dipping. But that's above my pay grade. Edited May 30, 2018 by Doc Link to comment Share on other sites More sharing options...
JMF2006 Posted May 30, 2018 Share Posted May 30, 2018 Well I think the should use the money on wings, pizza and beer Plus sign AP and Dez Link to comment Share on other sites More sharing options...
HalftimeAdjustment Posted May 30, 2018 Share Posted May 30, 2018 He should take whatever he is entitled to in his contract in the event that he suffers a career ending injury playing football and should not give back a single dollar from generosity. 3 Link to comment Share on other sites More sharing options...
The Jokeman Posted May 31, 2018 Share Posted May 31, 2018 If we free up a roster spot I'd think a veteran WR be worth while especially with Zay Jones being a question mark. I mean a one year deal on Dez Bryant, Jeremy Maclin, Kamar Aiken or Dontrelle Inman be worth a flier. Link to comment Share on other sites More sharing options...
Ol Dirty B Posted May 31, 2018 Share Posted May 31, 2018 (edited) 3 hours ago, Doc said: I think he thought he could retire immediately. He only needs to re-pay it if the Bills demand it back. And I believe the 2018 salary is guaranteed regardless. And let me say, I personally think he should give something back, whether it be the bonus or the 2018 base salary. Getting both is double-dipping. But that's above my pay grade. Why should he give anything back? Double dipping? What are you talking about? That would be him getting cut, them signing with another team, failing a physical and being paid by both. The guy was hurt fulfilling his contract for a business worth billions. He shouldn't give a !@#$ing penny back. Edited May 31, 2018 by Ol Dirty B 5 Link to comment Share on other sites More sharing options...
Doc Posted May 31, 2018 Share Posted May 31, 2018 2 hours ago, Ol Dirty B said: Why should he give anything back? Double dipping? What are you talking about? That would be him getting cut, them signing with another team, failing a physical and being paid by both. The guy was hurt fulfilling his contract for a business worth billions. He shouldn't give a !@#$ing penny back. Because the guaranteed-for-injury 2018 salary is supposed to cover the retirement. He won't be playing but will make $5M. Maybe they let him keep the unamortized bonus for the season as well, meaning he just has to repay $2.167M, but something should be paid back. Link to comment Share on other sites More sharing options...
HalftimeAdjustment Posted May 31, 2018 Share Posted May 31, 2018 7 minutes ago, Doc said: Because the guaranteed-for-injury 2018 salary is supposed to cover the retirement. He won't be playing but will make $5M. Maybe they let him keep the unamortized bonus for the season as well, meaning he just has to repay $2.167M, but something should be paid back. If they wanted the contract to work that way, they should have written it that way. And if they aren't allowed to write it that way because of the CBA, then they should have negotiated the CBA better. I don't believe in "implied intent" in contracts. If he is supposed to pay back the money under the contract, then he should. If it is just implied, no. 1 Link to comment Share on other sites More sharing options...
Doc Posted May 31, 2018 Share Posted May 31, 2018 5 minutes ago, HalftimeAdjustment said: If they wanted the contract to work that way, they should have written it that way. And if they aren't allowed to write it that way because of the CBA, then they should have negotiated the CBA better. I don't believe in "implied intent" in contracts. If he is supposed to pay back the money under the contract, then he should. If it is just implied, no. A player who retires is required to pay back the unamortized SB if the team requests it, but typically they don't. However in this case, he's getting his 2018 $5M salary fully guaranteed, which isn't typical. I suppose that Wood could say he's not retiring, but he basically said that he has to retire. It will be interesting to see which way this goes. Link to comment Share on other sites More sharing options...
Ol Dirty B Posted May 31, 2018 Share Posted May 31, 2018 23 minutes ago, Doc said: A player who retires is required to pay back the unamortized SB if the team requests it, but typically they don't. However in this case, he's getting his 2018 $5M salary fully guaranteed, which isn't typical. I suppose that Wood could say he's not retiring, but he basically said that he has to retire. It will be interesting to see which way this goes. This is more my reading of the situation. Perhaps he wasn't to risk it and the teams doctor's have decided he just can't be allowed to do that. How does that work? Their is such a gray area that exists in this and you add in the nature of the retirement, more so imposed on wood due to circumstance rather than just walking away healthy. It's easy to see how it got messy, and everyone can have a different view. Link to comment Share on other sites More sharing options...
MrEpsYtown Posted May 31, 2018 Share Posted May 31, 2018 I'm signing Luke Joeckel and waiting to see who else gets cut. Link to comment Share on other sites More sharing options...
GunnerBill Posted May 31, 2018 Share Posted May 31, 2018 2 minutes ago, MrEpsYtown said: I'm signing Luke Joeckel and waiting to see who else gets cut. Yuck! Link to comment Share on other sites More sharing options...
atlbillsfan1975 Posted May 31, 2018 Share Posted May 31, 2018 I hope they can work it out. I can see both sides. Find a middle ground. Link to comment Share on other sites More sharing options...
Doc Posted May 31, 2018 Share Posted May 31, 2018 5 minutes ago, atlbillsfan1975 said: I hope they can work it out. I can see both sides. Find a middle ground. I could see them asking for him to pay back next (his last) year's unamortized SB of $2.167M. He gets to keep this year's and gets the $5M base salary. 2 Link to comment Share on other sites More sharing options...
MAJBobby Posted May 31, 2018 Share Posted May 31, 2018 My question is are the Bills still going after cash??? Link to comment Share on other sites More sharing options...
Doc Posted May 31, 2018 Share Posted May 31, 2018 3 hours ago, MAJBobby said: My question is are the Bills still going after cash??? I don't know if the Bills were ever going after the cash. I just surmised they were. Link to comment Share on other sites More sharing options...
MrEpsYtown Posted May 31, 2018 Share Posted May 31, 2018 4 hours ago, MAJBobby said: My question is are the Bills still going after cash??? Jeremy Cash signed with the Cardinals ? Link to comment Share on other sites More sharing options...
Fadingpain Posted May 31, 2018 Share Posted May 31, 2018 21 hours ago, machine gun kelly said: From what he said himself and the serious neck injury, I can’t believe he’ll ever come back as it sounded serious. No one is suggesting he will play again. It's a legal issue regarding how his "departure from the team" will be labeled. Link to comment Share on other sites More sharing options...
ColoradoBills Posted May 31, 2018 Share Posted May 31, 2018 15 hours ago, Doc said: A player who retires is required to pay back the unamortized SB if the team requests it, but typically they don't. However in this case, he's getting his 2018 $5M salary fully guaranteed, which isn't typical. I suppose that Wood could say he's not retiring, but he basically said that he has to retire. It will be interesting to see which way this goes. 14 hours ago, Ol Dirty B said: This is more my reading of the situation. Perhaps he wasn't to risk it and the teams doctor's have decided he just can't be allowed to do that. How does that work? Their is such a gray area that exists in this and you add in the nature of the retirement, more so imposed on wood due to circumstance rather than just walking away healthy. It's easy to see how it got messy, and everyone can have a different view. I see it this way. Wood will retire but not because he doesn't want to play (ie Barry Sanders situation). He wants to retire because of a career ending injury. If the injury wasn't that bad he would be an IR candidate and as a fully vested veteran he would be eligible for all his 2018 money. It seems to me that having a career ending injury nothing would change here and he is eligible for all his 2018 money. The only thing that could be in question would be his 2019 signing bonus. If he was cut outright or injured (IR)/released as a vet he would get the signing bonus. There could be some sort of "injury settlement" over next years bonus but I kind of doubt it. As of now the Bills are responsible for his "treatments" health care etc. Both parties have had time to discuss this (lawyers, agents, NFLPA reps) that I expect this to be settled quickly. I hope! Link to comment Share on other sites More sharing options...
Delete This Account Posted May 31, 2018 Share Posted May 31, 2018 (edited) unlikely this will happen tomorrow (Friday), though Bills do want to gain the additional cap space sooner than later. jw Edited May 31, 2018 by john wawrow 1 1 Link to comment Share on other sites More sharing options...
MAJBobby Posted May 31, 2018 Share Posted May 31, 2018 (edited) And now he is Released. According to JW. So that is that. John Wawrow (@john_wawrow) 5/31/18, 4:15 PM Per source: The Buffalo #Bills have released C Eric Wood. Edited May 31, 2018 by MAJBobby 2 Link to comment Share on other sites More sharing options...
Uncle Joe Posted May 31, 2018 Share Posted May 31, 2018 2 hours ago, john wawrow said: unlikely this will happen tomorrow (Friday), though Bills do want to gain the additional cap space sooner than later. jw Fake news or head fake? Link to comment Share on other sites More sharing options...
Delete This Account Posted May 31, 2018 Share Posted May 31, 2018 (edited) 2 hours ago, john wawrow said: unlikely this will happen tomorrow (Friday), though Bills do want to gain the additional cap space sooner than later. jw Well. Things changed. How's that for finding it out it wasn't going to happen, before finding out it actually was. jw My apologies on the confusion, but just going on what I was told at 1:30 and then again after 4. Edited May 31, 2018 by john wawrow 1 4 Link to comment Share on other sites More sharing options...
Jamie Nails Posted May 31, 2018 Share Posted May 31, 2018 Thanks JW. You mention they want to money. Any indication that they are going to put it to use in the short term? Perhaps on the OL? Anyone care to explain the cap ramifications? Link to comment Share on other sites More sharing options...
muppy Posted May 31, 2018 Share Posted May 31, 2018 3 minutes ago, Jamie Nails said: Thanks JW. You mention they want to money. Any indication that they are going to put it to use in the short term? Perhaps on the OL? Anyone care to explain the cap ramifications? I will message Bumbles247 and get back to you on this he is a capologist extrordinaire. And likely someone here may reply first. Link to comment Share on other sites More sharing options...
ChanticleerBillsFan Posted May 31, 2018 Share Posted May 31, 2018 Buffalo rumbling said they are taking all the cap hit this year. 10 million Link to comment Share on other sites More sharing options...
ColoradoBills Posted May 31, 2018 Share Posted May 31, 2018 1 minute ago, muppy said: I will message Bumbles247 and get back to you on this he is a capologist extrordinaire. And likely someone here may reply first. Oldtimer already got a reply from Bumbles in another thread on this. Bumbles said the best the Bills could get in 2018 is $400,000 in cap savings and he didn't even think that would happen. 1 Link to comment Share on other sites More sharing options...
Big Turk Posted May 31, 2018 Share Posted May 31, 2018 And like clockwork, Bills release Wood after the 5/31 business day ended at 4pm Link to comment Share on other sites More sharing options...
boater Posted May 31, 2018 Share Posted May 31, 2018 20 hours ago, Ol Dirty B said: Why should he give anything back? Double dipping? What are you talking about? That would be him getting cut, them signing with another team, failing a physical and being paid by both. The guy was hurt fulfilling his contract for a business worth billions. He shouldn't give a !@#$ing penny back. The multimillionaire "was hurt" but you make him sound like a laborer at Galleria Mall. His signing bonus is more than you'll make in your lifetime. Remind me not to hire a callous mercenary such as yourself. Link to comment Share on other sites More sharing options...
Recommended Posts