Details On The Amos And Cobb Restructures

How the Packers got under the cap and some reflections on Davante Adams.

To get under the cap, the Packers delayed submitting the paperwork for DeVondre Campbell's new deal to the NFL and restructured Randall Cobb's contract, which included a pay cut.  They later restructured Adrian Amos' contract and added an additional void year.  The Packers did not extend either player.

The Packers reduced Amos' base salary from $7M to $1.12M, a difference of $5.88M and converted that amount to a signing bonus amortized over 5 years ($1.176M per year, listed below as R22).  2022 includes the last year of Amos' initial $3M signing bonus proration from the deal struck in 2019, plus restructure from 2021, and then this restructure for 2022.  The Packers generated $4.704M in cap relief for 2022 and added the same amount in dead money to 2023.  The 2021 restructure added $3.246M, so Amos now has a dead money charge of $7.95M for Amos if he is not re-signed in 2023. 

ADRIAN AMOS:

YR Base SB R21 R22 GA WO Cap Dead Save
22 1.12M 3M 1.082M 1.176M .4M .5M 7.278M 13.21M -5.93M
23 Void   1.082M 1.176M     7.950M 7.95M  
24 Void   1.082M 1.176M       5.692M  
25 Void   1.082M 1.176M       3.434M  
26 Void     1.176M       1.176M  

Randall Cobb agreed to reduce his $7.875M base salary by $5.8M, down to $2.075M.  The Packers agreed to insert a new $100K workout bonus and to increase his game active bonus by $450K, from $375K to $825K ($48K per game played in 2022).  Since Cobb only played in 12 games in 2021, only 12 times the $48K per game ($582K) is considered likely-to-be-earned and thus it counts immediately against the cap, so I have inserted that number into the table.  The changes result in a $5.382M reduction in his cap number.  No additional money was pushed into 2023 since this was a pay cut. The Packers pushed money into 2022 and 2023 last year when they used void years to help sign Cobb.  The Packers could have pushed a little more into 2023 but elected not to.  Thus, more cap relief was available.  A release only netted a little over $6M in cap relief, so essentially the Packers retain his services for very little cost to the cap.

RANDALL COBB:

YR Base SB R22 GA WO Cap Dead Save
22 2.075M 1.391M   582.35K 100K 4.149M 2.783M 2.78M
23 Void 1.391M       1.391M 1.391M 0

 

CAP TRACKER:

Player Total Saved My Est. 2023      
Bakhtiari 8.78M 6.33M 3.86M      
A. Jones 3.05M 3.05M 763K Likely $3.05M hits '23 cap
K. Clark 10.892M 10.0M 2.723M      
Z. Smith 15.28M 15.28M N/A      
B. Turner 3.36M 3.91M N/A      
P. Smith 8.26M 8.00M N/A      
A. Amos 4.704M 4.77M 4.704M      
R. Cobb $5.382M $6.75M 1.391M      
Rodgers 18.13M $20M        
D. Adams 20.12M $10M N/A      
Alexander            
D. Lowry            
M. Crosby            
M. Lewis            
Lazard      
TOTAL 97.958M 88.097M $13.441 to 15.728M depending on Jones
             
      Additions 22 Cap 23 Cap  
             
O'Donnell       1.625M 2.375M  
Campbell       4.24M 8.25M  
Douglas            
Tonyan            
Lazard       3.98M    

Marcedes Lewis had a $2.08M roster bonus due Saturday.  Lewis already has voids in 2023 and 2024, so the Packers could save $1.386M on a simple restructure.  There have been no reports as to whether the Packers paid him that money or otherwise released, restructured or extended him.

Similarly, many expected the Packers to restructure Lazard's tender of $3.98M to save $2.4M in 2022.  The Packers restructured Tonyan's RFA tender last year to save $1.879M.  Since the Packers were not able to reach an extension by the deadline a few weeks ago, that $1.879M became a dead money charge.  Perhaps Tonyan wanted to reach free agency to check on his market value.

 

The contract that Davante Adams signed with the Raiders would have been the Disney deal had he agreed to the same terms with Green Bay.  Let's take a look:

DAVANTE ADAMS

YR Base SB Roster GA WO Cap Dead Save
22 3.5M 3.85M   .5M .1M 8.17M 22.75M  
23 6.07M 3.85M 20.0M .5M .1M 30.52M 15.40M 15.12M
24 16.89M 3.85M   .5M .1M 21.34M 11.55M 9.79M
3 Years, $67.51M ($22.5M AAV), with $11.55M dead.
25 35.64M 3.85M   .5M .1M 40.09M 7.70M 32.39M
26 35.65M 3.85M   .5M .1M 40.10M 3.85M 36.25M

His first-year cap number would have provided $12M in cap relief, and the Packers would have retained his services.  That $20M roster bonus easily could be converted to smooth out his cap numbers in 2023 and 2024.  The draftniks love receiving the 22nd and 53rd picks to play with, but even if Gutekunst successfully replaces Adams through the draft, that player is unlikely to be able to replace Adams' production in 2022, and 2022 is a big part of the "window" presumably the Packers have remaining. 

I have been chanting that the Packers have to have $11.1M in cap space for the draft picks (~$3.6M) PS, 52nd/53rd contract and a piggy bank, but those two new high draft picks have to be signed.  It looks like the cost to sign pick 22 and 53 might be about $1.6M extra.  That increase the $11.1M number to roughly $12.7M.   

It was reported that Adams was unhappy when the Packers did not extend him prior to the 2021 season, something  which I expected and wanted to happen at the time.  It was also reported that Adams was unhappy with the Packers definition of highest paid wide receiver and that they were far apart during negotiations.  Recently, it was reported that Adams really wanted to play with his old college quarterback in Las Vegas, that the Packers not only offered to match the above contract but actually offered more money, but Adams elected to leave.  I do not know whether Adams would have signed prior to the 2021 season had the Packers offered more money (perhaps something in the $25M AAV range) or if he really just wanted to play with Derek Carr, something he called a "lifelong dream." 

I just hope the Packers are not getting in the habit of annoying their players.  Harmonious relations between management and employees is desirable.  I would think that Amos would have preferred an extension to a restructure.  I hope the delay in extending Alexander is just the size of the contract, and that Jenkins and Gary are happy with the front office.

Overthecap has the Packers with roughly $20.44M in cap space.  As noted above, Green Bay needs roughly $12.7M for the draft, PS, the last two contract, and a piggy bank.  That leaves the Packers with $7.74M to spend minus whatever the first year cap numbers for Douglas and Tonyan turn out to be.  That probably means they don't have much money left to spend.  However, they still have Alexander, Lowry, Lazard, Lewis, and Crosby's contracts to manipulate if they want to generate additional cap space. 

 

 

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10 points

Comments (25)

Fan-Friendly This filter will hide comments which have ratio of 5 to 1 down-vote to up-vote.
packer132's picture

March 20, 2022 at 07:13 pm

Thanks for the great info TGR. It's hard to understand the salaries and structures, so great breakdown on the recent players. Green Bay does not have a lot of money though plenty of draft picks to improve the wide receiver corps and roster. I like the Adams trade, as so many options now. I trust that Gute and the scouts will come through on their draft board. Many fans want the big name WR who are often injured and getting up in age. I think GB brings in at least one vet and drafts two young guys to come in to help the team. It should be an exciting couple of months to shape the roster. I am very happy to see Douglas and Campbell coming back, as they would have been a huge challenge to replace.

9 points
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Thegreatreynoldo's picture

March 20, 2022 at 07:28 pm

This isn't a hit piece on the front office. Adams might truly have been un-signable, or only at an exorbitant amount. If so, getting a first and a second on a tag and trade for a disgruntled player and when the team actually needed the cap savings just to operate during the 2022 season is something of a coup, in my opinion.

I suppose it might turn out that moving on from Adams works out. Perhaps AR was too dependent on Adams, or now he will operate more within the system. Perhaps the rookie will have a dynamic rookie year, or failing that, at least turn out to be another fine high WR pick.

Obviously, the Packers have to look forward to signing Gary, Savage, Jenkins (who is the most awkward since he is in a contract year). I am sure some of the veterans would have preferred extensions to restructures: signing in 2023 just means the risk of getting hurt in 2022, have a regression in their play, and plum just being a year older.

Yes, I don't mean to be a bit of a debbie downer on the cap space. They have probably spent most or all of Adams' savings on Campbell and Douglas. They can get $6M to $7M (or more in an extreme contract) from Alexander, a couple from Lowry, Lewis, Crosby, each (but at the risk of creating holes depending on how that is done) and $2.4M from Lazard by paying him the minimum and converting the rest to a signing bonus. Depending on how the draft falls, it is possible that some of those guys if not restructured get a June 2nd release. Lowry's salary cap savings jumps from $4.08M to $5.45M (I used Lowry because he seems unlikely: he is DL #2, and rookie DL often need a year, even if selected fairly high.

Still, loads of interesting issues and the prospect of a good season.

9 points
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BirdDogUni's picture

March 20, 2022 at 07:37 pm

Prospect of a great draft and season! ; )

Good work Jim!

3 points
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uncle10's picture

March 20, 2022 at 09:16 pm

Nice work! I keep a spreadsheet going of the cap for reference, and you knocked it out of the park. I believe the Adams trade was the best case for all involved. Maybe he was signable last summer? The Rodgers drama put everything on hold. We move on. The 2 High draft picks and the Douglas/Campbell/Tonyan signings will be better in the long run. This front office can draft, let them do their thing.

5 points
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LLCHESTY's picture

March 21, 2022 at 06:26 am

Looking at what's left for FA WRs I'd guess they resign MVS, hopefully for less than what he was looking for and try to get the most improvement through the draft. I think given the depth in the draft at WR there could be some mid level June 1st cuts that might be interesting but Cobb, Rodgers and MVS(if signed) are probably locks to make the team so if they draft two or three guys the numbers are getting kind of full anyway. The key to getting the youngsters up and running will not be putting too much on their plates. Taking the Belichick perspective of picking out what each guy does well and putting him in a position to succeed rather than the MM approach of expecting them to know every play from X,Z and the slot before they see much of the field.

I expect there will be some bumps in the road early this season, and the obligatory overreactions to those bumps, but if th he defense and run game can come through early things should be looking up by the 2nd half of the season as far as the passing game goes. Hopefully they don't have more than two or three of the Rodger eyeroll games.

2 points
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uncle10's picture

March 20, 2022 at 09:01 pm

PackerAaron better get that dog soon, or CatherineLuis (aka Olive) is going to keep hacking the comments!

1 points
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Since'61's picture

March 20, 2022 at 09:59 pm

Great job again TGR. I was surprised that the Packers restructured Amos rather than extending him. As for Cobb he is a situational player at best at this point in his career. Hopefully he can stay healthy and contribute when he is in the game. Thanks, Since '61

5 points
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PeteK's picture

March 20, 2022 at 10:27 pm

Cap insanity cleared up. The draft just became very interesting.

5 points
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GBPDAN1's picture

March 21, 2022 at 12:05 am

Seems like the Pack is capped to the point that the draft is absolutely critical this year to fill the rest of our "All in" holes. Immediate contributors on cheap rookie contracts is what will help save this crisis. We have good draft capital, good luck BG!

5 points
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Thegreatreynoldo's picture

March 21, 2022 at 06:43 am

GB can probably get $14M to $16M more:

Jaire: $6M to $7M;
Lazard: $2.4M - 4 void years same as Tonyan in
Lewis: $1.66M Simply restructure
Lowry: $3.1M, simple restructure
Crosby: $2.395M release

0 points
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albert999's picture

March 21, 2022 at 12:34 am

Davante leaves as a class act
What a great fucking guy
https://jobsfightstigma.com/former-packers-wr-davante-adams-bids-farewel...

1 points
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PeteK's picture

March 21, 2022 at 09:09 am

You could use some of that class. LOL

1 points
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albert999's picture

March 21, 2022 at 10:57 am

Unprovoked and mean

0 points
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Thegreatreynoldo's picture

March 21, 2022 at 03:09 am

"Currently available inside linebackers include Bobby Wagner, Joe Schobert, Anthony Hitchens, Dont'a Hightower, Danny Trevathan, Nick Kwiatkowski, Kyle Van Noy, Jarrad Davis, Jayon Brown, Kwon Alexander, and Reggie Ragland."

Most of them even if they are languishing on the market are a little too expensive for the Packers. I am concerned about the depth at ILB. I know people like Barnes, but he actually has been somewhere north of terrible and around bad. I'd keep an eye on the ILB market when May rolls around to see who is still out there.

6 points
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LLCHESTY's picture

March 21, 2022 at 06:33 am

Kwiatkowski would be nice from a coverage standpoint but not sure if he fits Barnes role. Leo Chenal certainly would be an improvement over Barnes but after his crazy testing numbers he could go in the 2nd round and the Packers have bigger fish to fry than ILB. Maybe Reggie Ragland if he's still around after the draft?

2 points
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Guam's picture

March 21, 2022 at 08:10 am

Not sure the Packers have too many fish bigger than ILB to fry. WR is a clearly their biggest need, but after WR I think ILB and DL are their two largest needs. They have one really good ILB (Campbell) and very little else. Barnes has been below average, Burks is gone (to the Bears, can't believe they signed him....) and Summers is just a special teamer. I expect the Packers to spend one of their second or third round picks on an ILB.

1 points
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LambeauPlain's picture

March 21, 2022 at 08:36 am

Regarding Barnes, I am on the same page, TGR. He brings the lumber playing downhill aiming at his target, but he is invisible during long stretches. He gets out of position a lot. And when teams run at him, he doesn't shed blocks and gets taken out with the wash. Tremendous liability in coverage, too.

And depth at ILB is very thin after the 2 starters.

There will be some nice ILB prospects on day 2, I think. Chenal could drop into the 3rd round. But if Gutey was to trade #28 for another second and a third...I would use one of the 3 seconds on Chenal and never look back.

-1 points
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Thegreatreynoldo's picture

March 21, 2022 at 04:09 am

Ken Ingalls tweet:

Hello:
Pat O'Donnell
1st Rd Pick
2nd Rd Pick

Goodbye:
Davante Adams: 3/$67.5M
Za'Darius Smith: Backed out of 4 year/$35 to $50M deal. UFA
Billy Turner: UFA
Lucas Patrick: 2 year, $8M with $4M guaranteed
Oren Burks: UFA
ESB: Signed with Chicago, terms unknown
Bojo: UFA

???:
MVS
Kevin King
Chandon Sullivan
Dennis Kelly
Tyler Lancaster
Whitney Mercilus

Edit (My Take): Didn't Want:
Henry Black
Chauncy Rivers
Probably ESB as well.

3 points
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croatpackfan's picture

March 21, 2022 at 05:40 am

TGR you deserve medal for your work on explaining SC to us. Really impressive job. Thank you!

5 points
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Rossonero's picture

March 21, 2022 at 07:30 am

Excellent analysis TGR! I think many of you already know I'm a huge Adrian Amos fan. He flies under the radar, but he just does not give up big plays. He's a hard hitter -- maybe the hardest on defense -- and is a great pairing to Savage back there.

Many of you probably remember after losing Nick Collins and then Woodson the following year, we floundered for YEARS at safety until we got better than average play for a few seasons from Clinton-Dix, until he started regressing. I really hope they re-sign Amos -- his body is not breaking down and he's also quite durable. He's got another good 3 years in him -- safeties can play a lot longer in this league than CBs can.

4 points
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Thegreatreynoldo's picture

March 21, 2022 at 07:52 am

I tossed in a mention that Amos might have preferred an extension to the restructure he got. An extension does not save any extra money, so he will honor his contract, I guess. Nice player.

3 points
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LambeauPlain's picture

March 21, 2022 at 09:01 am

I like Amos. Productive and a leader on and off the field.

I am more concerned about Savage treading water. He is not growing into what was hoped...become one of the best Packer Safeties since Woodson and Collins. Maybe he was playing with more nagging injuries last year than we thought.

However, of the top 12 DBs in the draft, 5 of them are Safeties. And virtually all of them are productive football players, over 6 ft and 200 lbs and can run. And with the exception of Kyle Hamilton (Notre Dam), all should be available in the 2nd, 3rd. (Hamilton could slip too due to a knee injury in the middle of last season).

3 points
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jannes bjornson's picture

March 21, 2022 at 01:31 pm

Brisker is another PennState guy.

1 points
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Ferrari-Driver's picture

March 21, 2022 at 10:42 am

I'll go out on a limb and guess that TGR does his own taxes.

4 points
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Thegreatreynoldo's picture

March 21, 2022 at 09:32 pm

I seem to remember having a great affinity for Section 179.

Tonyan's contract is for 1 year and is worth $3.7M. Silverstein says it includes $1.75M in incentives. Not sure what the hell this means. No idea what his cap number is since previously it was reported to include a void year. Silverstein says that several teams were interested and that's why his deal was not dirt cheap. IDK any additional details other than this general info.

0 points
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