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Brown + Lito for Fitgerald? Nonsense.

Usually I do my best to avoid posting about completely baseless rumors with nothing to back them up, but I just can't resist with this one. It's one thing when message boards toss around this kind of nonsense, but when I see places like The Dallas Morning News, The AZ Republic, The Wilmington News Journal and elsewhere... I just get annoyed.

Why? Because some simple research would tell you why the Eagles would never offer to trade Reggie Brown and Lito Sheppard for Larry Fitzgerald.

Reggie Brown has just over $8 million of his signing bonus proration left. So, to trade him the Eagles would immediately take an $8 million hit on this year's cap. Lito's remaining proration is $2.9 million. So in all the Eagles would have $11 million in dead money on this year's cap were they to make this trade.

Now, Larry Fitzgerald is due $14.6 million in base salary in 2008. Surely if the Eagles were to trade for Fitzgerald it would be because they had worked out a restructured deal with him. Still, even in a restructured deal his 2008 cap hit will be significant likely in the area of $9 or $10 million.

So, if this trade offer is to be believed... The Eagles would be spending over $20 million of this year's cap for one player. Fitzgerald. That's insane. The only reason the Cardinals would ever think about trading Fitzgerald is because they think his nearly $15 million cap hit is too much and we're supposed to believe the Eagles will take a $20+ million hit to have Fitzgerald in 2008? Give me a break.

Just to further illustrate the complete and total lack of thought put into this rumor, don't forget that Asante Samuel's 2008 cap figure is just over $9 million. So essentially, the Eagles would be paying just about $30 million for two players in 2008 were this trade to go down. Keep in mind that the NFL salary cap is $116 million.

I'll say it again. Nonsense.

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There is a counter-argument
1- Cards have 2 top 10 NFL receivers in Boldin and Fitzgerald.  Too much wealth in one area... one eventually needs to be moved to disperse cash throughout the roster.

2- Yes, Jason, the NFL cap is 116.7 mil... and that is Arizona's cap.  But the Eagle cap is almost 131 million... over 14mil beyond the avg NFL team this year (See Ruben Frank's cap article http://sportsillustrated.cnn.com/2008/writers/reuben_frank/03/01/cap.figures/1.html ).  Thank you Joe Banner.  He has prepared the Eagles to take on an extraordinary cap hit this year to get a Hall-of-Fame talent at wr, and an additional Pro-Bowl talent at cb.

3- Salaries or bonuses might be adjusted or revised on both sides prior to a trade, potentially minimizing the cap hits the teams would need to absorb, both this year and in the future.

4- The key, especially for the Eagles, is the % cap hit they take ongoing for both Fitzgerald and Samuel.  There's no question that the % cap hit they'd take this year would be very high... but I believe the Eagles have specifically prepared to absorb these hits in a "last push" with McNabb as qb.  If appropriately structured, as the cap continues to grow, these players would represent a smaller-and-smaller cap % over time.

5- Just last week, the Eagles were willing to take on a 31 year old Randy Moss for a 3 year commitment at a major cap hit (10+ mil per year over 3 years).  Moss has neither the long term future nor the intellect/demeanor the 24 year old Fitz has.  If they were both pure Free Agents, there's no question the Birds would prefer Fitzgerald.  The issue here is how much in additional personnel the Eagles need to yield to make a trade?  And is it worth it, along with the cap hit, for a "Hall-of-Fame" potential wide receiver?

6- The Eagles have already made a 10 million dollar cap investment this year in Samuel.  I see him a s pro bowl lever corner.  To me, Larry Fitzgerald, right now, is at the next level, Hall of Fame level!  A 24 year old who's already made two pro bowls and had 100 catches?  Come on!  Numbers suggest this guy won't peak until 2012 - 2015!  He will be an NFL elite receiver for a Looong time, and as the NFL salary cap grows, the number he signs for this year will have more and more long term appeal.

Jason, maybe you're right.  It may not be Lito and Reggie for Fitz.  It may not be Fitz.  But it is pretty obvious the Eagles under Joe Banner's peerless ingenuity are prepared for a special 1 year push to acquire key pieces.  And their push for Samuel and Moss suggests they're willing to chase Hall-of-Fame, and or Pro Bowl talent, and compensate them accordingly.  So I disagree with you that it'd be nonsense to invest an enormous amount of cap space in one or two players this year.  It just has to be a player worthy of that investment.

by meangreenmachine on Mar 9, 2008 2:21 PM EDT reply actions   0 recs

The nonsense
As far I see it, is that they could take a cap hit of $30 million for two players in one year. Not that they should.

I get that Fitzgerald will probably be worth the money he gets, but we have to factor in his hit and Lito/Brown's. I just don't see how works.

by JasonB on Mar 9, 2008 2:42 PM EDT up reply actions   0 recs

Well,
Listen, 30 million on 2 players you say? I agree that this sounds crazy and cannot possibly happen. I would like to point out that some teams need 1 or 2 players to take them over the top.

Last year the Pats had a good season. They added a LB and WR, We added a WR and DE and went to the superbowl. The Niners went to like 3 NFC champions ships and then added a CB and a LB and won the superbowl.

Point being that sometimes it is smart to so whatever to get great talent. I don't think that the Cards are going to keep him so we should try to wait it out but these players could be the difference in millions of dollars in new revenue for the team. How many Samuel and Fitzgerald Jersey's will be sold if we have them in 5 different colors? That means big bucks for Lurie and I think that he would think that this would be a good investment.

by topcat6 on Mar 9, 2008 4:53 PM EDT reply actions   0 recs

It's not a question of cash
I'm sure Lurie can afford it, can the Eagles' salary cap afford it?

by JasonB on Mar 9, 2008 5:15 PM EDT up reply actions   0 recs

Guys...
Nevermind the fact that Lito and Brown are both NFL starters with very inexpensive salaries -- the kind of guys that are extremely valuable.

You have to understand how the cap works to know why the Eagles would NEVER trade Reggie Brown.

Brown is going to get $2.3 million in 2008 as part of his bonus proration.  That leaves over $8 million in bonus money left for the Eagles to pay him over the course of his deal.

If he is traded, the Eagles still owe him that money, and it would all be forwarded to THIS YEAR.  That would be $10 million in dead money on the 2008 cap just for him.*

Reggie Brown is going nowhere.

If you think about that, and combine it with the fact that taking on Fitzgerald would be a cap headache you understand that there is no way that Reggie Brown is part of any trade package.

*I reserve the right to be wrong here, and I'm sure someone will correct me if I am.

by BFH on Mar 9, 2008 7:21 PM EDT reply actions   0 recs

Wow...
Well, I feel sort of silly.  

I just re-read JasonB's post and realized he already had this information (I read it this morning and came back for the comments now, oops).

by BFH on Mar 9, 2008 7:24 PM EDT up reply actions   0 recs

FYI...
The practice of prorating signing bonuses combined with the way the Cap works the major reason trades are so uncommon in the NFL (versus other major pro sports).  

Another player the Eagles are rumored to be looking after, Chad Johnson, has a ton of bonus money left on his deal.  If the Bengals trade him this season they take a $8 million cap hit.

by BFH on Mar 9, 2008 7:28 PM EDT reply actions   0 recs

Is there a way. . .
Is there a way for a team to take over a player's bonus as part of a trade? You know, as a way to remove potential roadblocks from a trade.

For example, say a team was approaching the Eagles, interested in Reggie Brown. The Eagles wanted to do the deal, but the thing stopping them was the bonus money. To make the deal happen, the other team agrees to pay the bonus. Is this possible?

by yomjoseki on Mar 9, 2008 8:06 PM EDT reply actions   0 recs

Umm...
Not that I'm aware of.  That is one of the clauses the players have to rely on.  Even if a team chooses to cut (or trade) a player before the end of the term of the contract, the player is still entitled to the entire signing bonus, even if he is yet to be  paid all of it.  

If a team cuts and/or trades a player, any new contract would potentially have a new signing bonus.

by BFH on Mar 9, 2008 8:57 PM EDT up reply actions   0 recs

Nope
The problem is that the bonus has already been paid. Brown cashed the signing bonus check the day he signed the contract. Now, the cap hit gets spread out however the Eagles like... but it's already been paid. That's why the cap hit can't be transferred.

by JasonB on Mar 10, 2008 8:58 AM EDT up reply actions   0 recs

Yes
And that is why the team is also taking a big-risk by signing these guys long-term.

The Eagles love to lock these young guys up, but if they turn out to be wrong about them they end up in salary cap hell because of the signing bonus proration.  

When the Eagles signed Brown to that extension, they are essentially guaranteeing the signing bonus and his salary for several years -- because there is no way they are cutting a guy who has that much proration left on his bonus.

In return the player gives up the opportunity to get a lucrative free-agent deal when his rookie contract expires.  

by BFH on Mar 10, 2008 9:54 AM EDT up reply actions   0 recs

I want a superbowl,
Some teams have put all their eggs in one baskett and won and some have lost. I just hope that some day we can have our day.

So, 30 million invested in 2 All Pro's could work if all were going to do is pay that to 10 different versions of Reno Mahe and G.Lewis.

by topcat6 on Mar 9, 2008 8:30 PM EDT reply actions   0 recs

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