Re: Did we overpay Arrington?
posted at 3/17/2013 7:10 AM EDT
In response to mia76's comment:
Based on reported guarantee and reported signing bonus this looks like:
6.5M signing, year 1=1M, year 2=1M = 8.5M guaranteed. Year 3 =3M, year 4 = 4.5M
Cap hit yr 1 and 2 = about 2.75M/yr.
His cap hit is diffence than his AAV. Due to his signing bonus and guarantee his AAV is approx $4.2M per year.
If they cut him after year 1 he is guaranteed $8.5m. AAV is $8.5
If they cut him after year 2 he is still guaranteed $8.5m . AAV is $4.25
If they cut him after year 3 he will have rcvd year 1 $$2.6, year 2 $2.6, year 3 $6.2. AAV $3.8
If he plays all 4 years, his 4th year salary is $6.1m . His AAV for the life of the contract is $4.22