Capgeek.You are such an enlightening mass of humanity,Baggins.When it says 7m salary and 4.5 m bonus I count $11.5.Maybe it is 4.6 and a 2.4 signing bonus but ,whatever.I just read it,I don't write it.
Bieksa's deal was for five years at $23 million, a cap hit of $4.6 million. That's $1.1 million more than he made last year, but he said he was willing to take a hometown discount in order to re-sign. Plus, a significant signing bonus means he will make $7 million next season.
LENGTH: 5 YEAR(S) VALUE: $23,000,000 TYPE: STANDARD EXPIRY STATUS: UFA SEASON AHL SALARY NHL SALARY P. BONUSES S. BONUS CAP HIT 2011-12 $7,000,000 $7,000,000 $0 $4,500,000 $4,600,000 2012-13 $4,500,000 $4,500,000 $0 $3,500,000 $4,600,000 2013-14 $5,000,000 $5,000,000 $0 $1,000,000 $4,600,000 2014-15 $4,000,000 $4,000,000 $0 $1,000,000 $4,600,000 2015-16 $2,500,000 $2,500,000 $0 $0
Add up his salary and divide by five = cap hit.
Veterans are not eligible for bonuses until over 35 and all bonuses count towards the cap until they can't be earned as per the CBA. There's no way the league would approve a contract for Bieksa that had bonuses attached unless they were included in the yearly salaries as his previous contract was.
Now I will enlighten you. According to their legend "S Bonus" is signing bonus already included in the salary. Now I haven't seen any reference to signing bonuses in Bieksa's current contract. It also makes little sense that $10m of his $23m contract is signing bonus. Bieksa's previous contract did indeed have signing bonus included that cap geek doesn't show as a "S Bonus". He received a $750k signing bonus in the first year which is reflected in the $4.25m paid. The deal was 3 years at $3.5m plus a $750K signing bonus paid up front making the first year $4,25 for cap purposes. So they have the total right but failed show it included a bonus that actually was there. Ultimately I'd say cap geek is unreliable for actual contract breakdown unless you can find anything that says a portion of each year is indeed signing bonus. Although they do have the annual salary and cap hit right while you are wrong that he made $11.5m..
Next time read the fine print. You have been enlightened.
Edit: I found the info. The signing bonuses are correct. It's actually quite brilliant for the player. Signing bonuses are paid up front each year while the actually salary is paid weekly throughout the season. So Bieksa received $4.5 of the $7m up front last season and will receive $3.5 of the $4.5 million up front this coming season. I'd say his bachelors degree in finance paid off. Literally.
Edited by Baggins, 03 July 2012 - 10:20 AM.