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Eric Wood, 6/1 cut & Roster Addition


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20 minutes ago, john wawrow said:

 

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.

 

John's twitter

https://twitter.com/john_wawrow/status/1002282460342898693 https://twitter.com/john_wawrow/status/1002282460342898693

https://twitter.com/john_wawrow/status/1002282795035713536

17 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?

 

 

He clarified he meant "pre June 1"

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8 minutes ago, Hapless Bills Fan said:

 

...wonder if it being termed an "injury settlement" limits the cap hit to 2018 only?............

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Taking the Full dead hit this year. Smart. Have the room clear that cap for 2019. They have the room to take the hit on this year and do it. No reason to punt that dead into 2019

Edited by MAJBobby
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Just now, OldTimeAFLGuy said:

 

...wonder if it being termed an "injury settlement" limits the cap hit to 2018 only?............

 

Negative, just the date he's been released governs (pre- or post- June 1)

 

I don't think "injury settlement" applies here.  To my understanding that's when the team wishes to move on from an injured player whose contract is not fully guaranteed for injury,  or when the player wishes to be released and seek another team rather than being parked on IR all season.  Since one can't release an injured player the team and player negotiate how many weeks the expected recovery from that injury should take, team writes the player a check for that many weeks, and they part ways. 

 

Since Wood's salary is fully guaranteed for injury, doesn't apply here.

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6 minutes ago, Hapless Bills Fan said:

 

Negative, just the date he's been released governs (pre- or post- June 1)

 

I don't think "injury settlement" applies here.  To my understanding that's when the team wishes to move on from an injured player whose contract is not fully guaranteed for injury,  or when the player wishes to be released and seek another team rather than being parked on IR all season.  Since one can't release an injured player the team and player negotiate how many weeks the expected recovery from that injury should take, team writes the player a check for that many weeks, and they part ways. 

 

Since Wood's salary is fully guaranteed for injury, doesn't apply here.

 

...if I remember correctly, BUMBLES 247, our own capologist extraordinaire, said the pre or post designation differential was 400 grand which is insignificant in the big picture....think that's what they pay the Rockpile Beerman....

Edited by OldTimeAFLGuy
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So at the end of the day this entire thing was semantics. If they let him retire at end of season the entire 10.3M would have counted this year.

 

But by holding him on roster until now it gave them flexibility in UFA, after seeing OK we have the space we need foe 2018 lets make it official and take it on the chin now.  

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22 hours ago, HalftimeAdjustment said:

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.

 

So he should be greedy? SMH

8 hours ago, MAJBobby said:

My question is are the Bills still going after cash???

 

They should. Why should they pay the bum for not working?

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15 minutes ago, john wawrow said:

 

This is correct. Something like  $10.3 million limited to this year's cap.

Nothing carries over, as I've been informed.

 

jw

 

Beane playing the "pay as you go" model is alright with me.

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2 minutes ago, mileena said:

 

So he should be greedy? SMH

 

 

Yes, because he is a professional doing a job. I never overcharge or milk my employer but I take my whole paycheck. They offer accidental insurance, which pays me if I am injured on work travel. If I were to choose to pay for that insurance and then I got injured through no fault of my own, I would collect the entire amount with no pangs of conscience. I see this the same way. If they signed a contract fully guaranteed against injury, and had a bonus that was spread out over multiple years, he should collect every dollar he is owed and not a penny more. He is mot voluntarily retiring due to a lack of interest in football, for example, so I do not see a problem with getting paid out.

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4 minutes ago, OldTimeAFLGuy said:

 

 

...injury was the issue and he certainly paid his dues in a Bills uniform...now what??........

 

The Bills owe him nothing; "paying his dues" is irrelevant. He was comnsated in the past for services he performed. I suppose the Patriots owed Lawyer Milloy something when they didn't re-sign him and he left for the Bills. It's just business.

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15 minutes ago, HalftimeAdjustment said:

 

Yes, because he is a professional doing a job. I never overcharge or milk my employer but I take my whole paycheck. They offer accidental insurance, which pays me if I am injured on work travel. If I were to choose to pay for that insurance and then I got injured through no fault of my own, I would collect the entire amount with no pangs of conscience. I see this the same way. If they signed a contract fully guaranteed against injury, and had a bonus that was spread out over multiple years, he should collect every dollar he is owed and not a penny more. He is mot voluntarily retiring due to a lack of interest in football, for example, so I do not see a problem with getting paid out.

 

His bonus was paid over many years; it wasn't a lump sum. His injuries will be taken care of and he was offered the insurance for accident/disability. What more does he want? He wants pay for work he isn't performing.

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23 minutes ago, mileena said:

So he should be greedy? SMH

They should. Why should they pay the bum for not working?

 

Um, because those are the terms of the contract the Bills wrote and signed with Eric Wood

 

1 minute ago, mileena said:

 

The Bills owe him nothing; "paying his dues" is irrelevant. He was comnsated in the past for services he performed. I suppose the Patriots owed Lawyer Milloy something when they didn't re-sign him and he left for the Bills. It's just business.

 

"Paying his dues" is irrelevant, but having a signed contract *is* relevant.  The Patriots owed Milloy nothing because he didn't have a contract saying they did.

The Bills will take a $10M+ cap hit for Eric Wood this year because he does.

 

As you say, it's just business

 

But it is why Wood did not retire and allowed the Bills to release him - so that there was no question of recouping any $$ he was owed.

2 minutes ago, mileena said:

His bonus was paid over many years; it wasn't a lump sum. His injuries will be taken care of and he was offered the insurance for accident/disability. What more does he want? He wants pay for work he isn't performing.

 

I don't think this is right that "his bonus was paid over many years".  His bonus was paid as a lump sum when the contract was signed.  It is prorated over multiple years for cap

purposes.  Wood signed a contract where his 2018 salary was fully guaranteed. 

 

Fully guaranteed means just that - paid in case of injury, failure to make the roster, etc.

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I think the reports of them taking the whole $10+ million cap hit this year are premature. If they waited until after 4:00 PM to release him it's technically a post June 1st move. If they were going to do it before June 1st they wouldn't have waited until the last minute.

 

Not that it's that important either way.

Edited by Tuco
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20 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. 

 

Typically they don’t? Do tell, what kind of split is there on that?

1 hour ago, MAJBobby said:

Taking the Full dead hit this year. Smart. Have the room clear that cap for 2019. They have the room to take the hit on this year and do it. No reason to punt that dead into 2019

 

I disagree always. Just don’t spend the money and roll it over. But if an opportunity or need arises at least you have the flexibility.

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9 minutes ago, Tuco said:

I think the reports of them taking the whole $10+ million cap hit this year are premature. If they waited until after 4:00 PM to release him it's technically a post June 1st move. If they were going to do it before June 1st they wouldn't have waited until the last minute.

 

Not that it's that important either way.

 

As I see it the only savings are about 2.4 mil this year which gets pushed into next years cap. We have 17 mil in space before Allen right now which shouldn’t be a Ton of money. We’d be going into the summer with 12 mil or so which is nice unless they are thinking of making a splash

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1 minute ago, 26CornerBlitz said:

 

Does this mean the same things as we have been speaking about ?

 

and who the heck wrote that contract ? feels like a semi poor idea to guarantee this money ?

5 minutes ago, Over 29 years of fanhood said:

I suspect they are more interested in the cap space than the actual money

"Cash" might have been figurative here ?? for MajBob ?
and this might be sarcastic humor i missed ?

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6 minutes ago, 3rdand12 said:

Does this mean the same things as we have been speaking about ?

 

and who the heck wrote that contract ? feels like a semi poor idea to guarantee this money ?

"Cash" might have been figurative here ?? for MajBob ?
and this might be sarcastic humor i missed ?

 

I have no idea.  This whole situation is so bizarre. I’m going to rely on Fitz roast for the closest “correct story” 

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Just now, Over 29 years of fanhood said:

 

I have no idea.  This whole situation is so bizarre. I’m going to rely on Fitz roast for the closest “correct story” 

I did watch that !

  must see for Us Fans btw.

 

very goofy what the WoodMan was doing, or his agent was.

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17 minutes ago, aristocrat said:

 

As I see it the only savings are about 2.4 mil this year which gets pushed into next years cap. We have 17 mil in space before Allen right now which shouldn’t be a Ton of money. We’d be going into the summer with 12 mil or so which is nice unless they are thinking of making a splash

Right. It would actually be better to push it back to next year. That way it's extra space this year in case of emergency. But if you don't use it it just rolls over and cancels itself out next year.

 

The whole June 1st rule was invented before teams were allowed to roll unused cap over from year to year. It's not really that big of a deal any more.

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1 hour ago, Tuco said:

I think the reports of them taking the whole $10+ million cap hit this year are premature. If they waited until after 4:00 PM to release him it's technically a post June 1st move. If they were going to do it before June 1st they wouldn't have waited until the last minute.

 

Not that it's that important either way.

 

I believe if he was "active" his cap hit was lower during the lead up to the draft and UFA period.  They basically waited until the last minute to cut him so that he would still only count towards 2018 - but left the option to move some to 2019 if they needed the cap space.  Almost 47 million dead money.... 

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13 minutes ago, dneveu said:

 

I believe if he was "active" his cap hit was lower during the lead up to the draft and UFA period.  They basically waited until the last minute to cut him so that he would still only count towards 2018 - but left the option to move some to 2019 if they needed the cap space.  Almost 47 million dead money.... 

I see what you're saying and it sure could be. Still, they could have just given themselves the extra room this year in case of emergency and just roll it over to next year if they didn't use it. Or maybe there's something in the settlement that was reached that didn't get agreed to until the last minute. Time will tell I guess. Either way I don't think it's a big deal.

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13 hours ago, BillsFan4 said:

 

 

Oh now wait.  Wawrow also reported this "injury settlement" so I'm sure it's legit.  Does that mean they negotiated something about his contract?

 

Because unlike what we hear as "injury settlement" when a young player is released, there's nothing to settle - he has his contract, they release him, it says what they pay.

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14 hours ago, YoloinOhio said:

Where do you live? The “s” on the end of Kroger is intriguing. Midwest?

 

Krogers, Kroger? who gives a rats ass I live in Canada,we don't even have them up here ;)

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1 hour ago, Hapless Bills Fan said:

 

Oh now wait.  Wawrow also reported this "injury settlement" so I'm sure it's legit.  Does that mean they negotiated something about his contract?

 

Because unlike what we hear as "injury settlement" when a young player is released, there's nothing to settle - he has his contract, they release him, it says what they pay.

 

I was wondering the same thing... 

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19 minutes ago, Royale with Cheese said:

 

It's rural Georgia as well.  My in laws are from a small town in north Georgia and they call it "Krogers" as well.

They either shop at "Krogers" or Piggly Wiggly.  

 

I used to go to food lion in SC 

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1 hour ago, Royale with Cheese said:

 

It's rural Georgia as well.  My in laws are from a small town in north Georgia and they call it "Krogers" as well.

They either shop at "Krogers" or Piggly Wiggly.  

Lots of people in Ohio call it Krogers. We also have “Meijers” :lol:

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