Home / Sport / Report: Lions restructure Jamie Collins contract ‘Reduced the maximum number’ greatly.

Report: Lions restructure Jamie Collins contract ‘Reduced the maximum number’ greatly.



The Detroit Lions team are still trying to build room for 2021 as NFL Network’s Mike Garafolo reports that the team will restructure the contract of line supporter Jamie Collins Sr., although Garafolo did not provide details on the restructuring. But he noted that Lions is adding a void year to help extend the lifespan over the years, and that the $ 11.3 million maximum value of Collins would be “significantly lower”.

This is how the theoretical restructuring looks.

2021:

  • Basic Salary $ 8.8M
  • $ 2.3M in proportional signing bonus (since 2020).
  • $ 200,000 exercise bonus

CAP HIT: $ 1

1.3 million

2022:

  • Basic Salary $ 9.8M
  • $ 2.3M in proportional signing bonus (since 2020).
  • $ 200,000 exercise bonus

CAP HIT: $ 12.3 million

Theoretically, it is assumed that the reorganization involves converting $ 7 million of Collins’ base salary into a new signing bonus. In the meantime, let’s say that the Lions add two years to the null. Suddenly, his contract looked like this.

Note: This is a theoretical structure. Details are not yet released.

2021:

  • $ 1.8 million base salary
  • Prorated Signing Bonus $ 2.3M (from 2020), $ 1.75M in Prorated Signing Bonus (from 2021).
  • $ 200,000 exercise bonus

CAP HIT: $ 6.05 million (down $ 5.25 million)

2022:

  • Basic Salary $ 9.8M
  • Prorated Signing Bonus $ 2.3M (from 2020), $ 1.75M in Prorated Signing Bonus (from 2021).
  • $ 200,000 exercise bonus

CAP HIT: $ 14.05M ($ 1.75M increased)

2023 (the year of the null):

  • $ 1.75 million in dead money (pro-rata signing bonus from 2021).

Hit hat: US $ 1.75 million

2024 (the year of the null):

  • $ 1.75 million in dead money (pro-rata signing bonus from 2021).

Hit hat: US $ 1.75 million

In other words, Lions managed to save nearly $ 5.5 million this year. But in the end, it would have to spend that same amount over the next three seasons. It’s important to note that this is not an extension. Collins’s contract will be automatically nullified after the next two seasons, leaving him from signing elsewhere.

The restructuring will have disadvantages that make it harder for Collins to cut back after the 2021 season if the Lions want to move on. But with insignificant dead money in a (theoretical) null year, this is easy to create an instant gap.

Look for Lions to find other candidates for restructuring, including Jared Goff, Trey Flowers and Halapoulivaati Vaitai.




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