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Bills restructure Diggs contract; create 7.8. Mill in cap space


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Just now, YoloinOhio said:

What did I miss?

People are interpreting the restructuring as Diggs doing something for the good of the team, which isn't really true.

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You have to make moves like this when you pay franchise long snapper money.

Clear up some space to trade for JJ Watt

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1 minute ago, Canadian Bills Fan said:

 

 

I know but I think of Tyreek Hill who said "once Im signed, Im signed" and that he wouldnt restructure 

 

Nice to not have that problem 

Well, that's Hill not helping himself and showing that he's a moron more than anything. If you don't accept, it means you are intentionally hampering your team for no reason. If my work said, "here's your entire year's wages" I'd say yes too.

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2 minutes ago, McBean said:

I thought Diggs was a selfish prick and not a good teammate?

 

I mean, he's not, but getting multiple years worth of pay in one bonus certainly doesn't hurt. Restructuring like this helps team get cap space. They help players by getting their money faster and putting dead money on the books if they get cut.

 

Either way, we certainly want him here a long time and getting cap space certainly doesn't hurt.

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33 minutes ago, aceman_16 said:

Well....I am torn between getting a player this year OR save it for next year to help with Allen's and Edmund's contracts.

 

This year please....

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2 minutes ago, Boxcar said:

People are interpreting the restructuring as Diggs doing something for the good of the team, which isn't really true.

I think it has more to do with the idea that he's not making noise about being the 19th highest paid WR (or whatever the actual number is) while it's happening.

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7 minutes ago, Boxcar said:

They just gave him his entire salary in one go. He didn't sacrifice anything.

 

Not to say Diggs is selfish or anything like that, but in this instance it is actually beneficial to the player.

I may be wrong, but I believe signing bonuses would be taxed at a higher rate rather than salary? Either way - restructuring is always a player doing the team a favor in my eyes. This is huge!

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1 minute ago, Conlan58 said:

I may be wrong, but I believe signing bonuses would be taxed at a higher rate rather than salary? Either way - restructuring is always a player doing the team a favor in my eyes. This is huge!

 

I was going to say the same....from a tax standpoint not in favor of SD......def team benefit there.  I am sure the Bills WILL take care of him going forward.....

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2 minutes ago, Conlan58 said:

I may be wrong, but I believe signing bonuses would be taxed at a higher rate rather than salary? Either way - restructuring is always a player doing the team a favor in my eyes. This is huge!

 

 

There are some re-structures that don't require the approval of the player.

 

It's just accounting.

 

This may be one of them.   

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39 minutes ago, aceman_16 said:

Well....I am torn between getting a player this year OR save it for next year to help with Allen's and Edmund's contracts.

The cap savings is only for this season so not sure it affect Josh or Edmunds, I have to believe we're adding a player or two maybe Ertz or Steven Nelson. 

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6 minutes ago, atlbillsfan1975 said:

Ditto.

 

Whatever Beane does with the cash is fine by me. I trust our GM, he is a man with a plan. 

Remember when previous holders of the position would have spent it on drinks, dinner, and dancing? 😁

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4 minutes ago, Kwai San said:

 

I was going to say the same....from a tax standpoint not in favor of SD......def team benefit there.  I am sure the Bills WILL take care of him going forward.....

There is no difference in tax rate for a salary vs a bonus

 

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35 minutes ago, aceman_16 said:

Well....I am torn between getting a player this year OR save it for next year to help with Allen's and Edmund's contracts.

I could be wrong but I don't imagine they would do this for Allen or Edmunds' extensions b/c those would likely be structured to not change 2021 at all and even lower the 2022 hit (since the high caps will almost certainly be there in '23 and beyond). This might not be for any major moves (although none of Ertz, Nelson, or Sherman would surprise me) and might just be for maneuverablility and for the just-in-case (someone they can't pass on) becomes available today.

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16 minutes ago, McBean said:

I thought Diggs was a selfish prick and not a good teammate?

Apparently, he read the Minnesota article and wanted to prove them wrong🤔

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Posted (edited)

Ertz so good

Come on, baby make it Ertz so good

Our tight ends never play like they should

Let's make it, Ertz so good

Edited by Buffalo03
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