[Duggan] I’ll try to answer this thoroughly and hopefully it eliminates the confusion. There are two guarantees in play, which I think is leading to most of the confusion. • He has a $30M base salary in 2025. $23M of that salary was guaranteed for injury *only* when he signed.
May 1, 2024
[Duggan] I’ll try to answer this thoroughly and hopefully it eliminates the confusion. There are two guarantees in play, which I think is leading to most of the confusion.
• He has a $30M base salary in 2025. $23M of that salary was guaranteed for injury *only* when he signed.
9 comments
Here’s the full tweet. It includes a great breakdown of whats going on with Daniel Jones contract.
“I’ll try to answer this thoroughly and hopefully it eliminates the confusion. There are two guarantees in play, which I think is leading to most of the confusion.
• He has a $30M base salary in 2025. $23M of that salary was guaranteed for injury *only* when he signed. So if he has an injury that prevents him from passing a physical and they cut him, he’s due that $23M. There’s no deadline attached to that. Whenever they cut him, if he can’t pass a physical, he’s due the $23M.
• If he’s on the roster on the fifth day of the 2025 league year (mid-March), $12M of that salary becomes *fully* guaranteed. So if they cut him for any reason after that date, he’s due the $12M.
• So the two guarantees collide if he suffers a serious injury that will prevent him from passing a physical next March and they want to cut him. They could cut him and eat the full $23M or they could hold onto him, eat the $12M and then cut him when he’s healthy to save the additional $11M.
They could try to get him to waive the injury guarantee, but I’m not sure why he would. You negotiate that into the contract to protect yourself from this very scenario.”
“These charges would be on top of the $22M dead money charge that can’t be altered”
All this after a 15 touchdown season…HS kids throw for more
After this draft, I’m fully convinced they view him as the guy going forward. I’m sure ownership has a preference for that. Hopefully, he finally puts it all together now. He’s only 27.
The injury guarantee is the most concerning part of the Jones contract to me. Is it certain that the guarantee will affect our cap?
Healthy DJ cut after the year. 22M in dead cap
Injured DJ cut after the year. 45M in dead cap (22M + 23M injury guarantee)
Injured DJ at the beginning of the year and cut when he passes a physical. 34M in dead cap. (22M in dead cap + 12M roster bonus)
DJ balls out, NYG wins division and gets to the NFCC game, is in the MVP discussion and revives his career. (>31 passing TD, >4550 passing yards, >34 total TDs, >4700 total yards) DJ is QB1 for the NYG in 2025 at 49.1M cap hit (41.6M salary and 7.5M in incentives).
Edit: Added incentives. I’m assuming the NYG don’t win the Super Bowl. If they do, DJ would get another 1.5M assuming he play 65% of stats.
No injury clause as good as a no trade.
So assuming he can pass a physical at some point in 2024, wouldn’t it make sense to NOT play him (if the team has made the decision to move on no matter what)?
He is going to get paid for this season but we risk an extra $23 million in dead cap if he gets injured and can’t pass a physical AND we cut him in mid-March 2025, right?
But if he can pass a physical and we cut him after this season (pre the mid-March date) then we owe him $0, right?What’s the dead money hit in this scenario?
DJ is only 27 and last year was… most likely an anomaly – he’s not that bad based on the disastrous 6 games he played in and this coming year we rebuilt the line and added a huge weapon (maybe 2) to the offense, which could make the offense functional with average QB play, which I think DJ can provide. But it’s a huge risk to let him play and if Drew Lock can provide average QB play… I don’t know.
It’s absolutely incredible that going into Year 6 we still don’t really know what we have at QB. After 2022 I thought things would work out but I’m leaning towards “not the guy” but I could change my mind after the first game of the year! It’s crazy. Has any other QB had so much slack without really doing much?
This all providing we pick up the option correct? Does anyone actually think they are going too? Or am I misinterpreting the option after this season?????
Could anyone explain the dead cap number regardless? That has been confusing me all year with the Russell Wilson cut.
9 comments
Here’s the full tweet. It includes a great breakdown of whats going on with Daniel Jones contract.
“I’ll try to answer this thoroughly and hopefully it eliminates the confusion. There are two guarantees in play, which I think is leading to most of the confusion.
• He has a $30M base salary in 2025. $23M of that salary was guaranteed for injury *only* when he signed. So if he has an injury that prevents him from passing a physical and they cut him, he’s due that $23M. There’s no deadline attached to that. Whenever they cut him, if he can’t pass a physical, he’s due the $23M.
• If he’s on the roster on the fifth day of the 2025 league year (mid-March), $12M of that salary becomes *fully* guaranteed. So if they cut him for any reason after that date, he’s due the $12M.
• So the two guarantees collide if he suffers a serious injury that will prevent him from passing a physical next March and they want to cut him. They could cut him and eat the full $23M or they could hold onto him, eat the $12M and then cut him when he’s healthy to save the additional $11M.
They could try to get him to waive the injury guarantee, but I’m not sure why he would. You negotiate that into the contract to protect yourself from this very scenario.”
“These charges would be on top of the $22M dead money charge that can’t be altered”
All this after a 15 touchdown season…HS kids throw for more
After this draft, I’m fully convinced they view him as the guy going forward. I’m sure ownership has a preference for that. Hopefully, he finally puts it all together now. He’s only 27.
The injury guarantee is the most concerning part of the Jones contract to me. Is it certain that the guarantee will affect our cap?
Healthy DJ cut after the year. 22M in dead cap
Injured DJ cut after the year. 45M in dead cap (22M + 23M injury guarantee)
Injured DJ at the beginning of the year and cut when he passes a physical. 34M in dead cap. (22M in dead cap + 12M roster bonus)
DJ balls out, NYG wins division and gets to the NFCC game, is in the MVP discussion and revives his career. (>31 passing TD, >4550 passing yards, >34 total TDs, >4700 total yards) DJ is QB1 for the NYG in 2025 at 49.1M cap hit (41.6M salary and 7.5M in incentives).
Edit: Added incentives. I’m assuming the NYG don’t win the Super Bowl. If they do, DJ would get another 1.5M assuming he play 65% of stats.
No injury clause as good as a no trade.
So assuming he can pass a physical at some point in 2024, wouldn’t it make sense to NOT play him (if the team has made the decision to move on no matter what)?
He is going to get paid for this season but we risk an extra $23 million in dead cap if he gets injured and can’t pass a physical AND we cut him in mid-March 2025, right?
But if he can pass a physical and we cut him after this season (pre the mid-March date) then we owe him $0, right?What’s the dead money hit in this scenario?
DJ is only 27 and last year was… most likely an anomaly – he’s not that bad based on the disastrous 6 games he played in and this coming year we rebuilt the line and added a huge weapon (maybe 2) to the offense, which could make the offense functional with average QB play, which I think DJ can provide. But it’s a huge risk to let him play and if Drew Lock can provide average QB play… I don’t know.
It’s absolutely incredible that going into Year 6 we still don’t really know what we have at QB. After 2022 I thought things would work out but I’m leaning towards “not the guy” but I could change my mind after the first game of the year! It’s crazy. Has any other QB had so much slack without really doing much?
This all providing we pick up the option correct? Does anyone actually think they are going too? Or am I misinterpreting the option after this season?????
Could anyone explain the dead cap number regardless? That has been confusing me all year with the Russell Wilson cut.