New contract details (ONLY)

[Superman]

This thread is for information about contract details for Colts players, those who have re-signed with the team, or who have joined the team. Please don't post anything else, no rumors, no complaints, etc. Just terms and details. Thanks.
 
Retentions:
 
Mike Adams -- two years, $4.5m, $1.2m guaranteed, 2015 cap hit $2.45m https://twitter.com/RavensInsider/status/576060961422987264 https://twitter.com/CharlyArnolt/status/575766765470380032
Colt Anderson -- one year, $825K https://twitter.com/RavensInsider/status/575475566960205827
Joe Reitz -- three years, $8m + $1m incentives/escalator, 2015 cap hit $3.375m http://www.spotrac.com/nfl/indianapolis-colts/joe-reitz/
Darius Butler -- two years, $5m, 2015 cap hit $2m http://www.spotrac.com/nfl/indianapolis-colts/darius-butler/
Matt Hasselbeck -- one year, $3m http://www.spotrac.com/nfl/indianapolis-colts/matt-hasselbeck/
 
New signings:
 
Frank Gore -- three years, $12m, $6.5m guaranteed, no SB, 2015 cap hit $4.5m, 2016 cap hit $4.0m, 2017 cap hit $3.5m http://www.spotrac.com/nfl/indianapolis-colts/frank-gore/
Trent Cole -- two years, $14m + $2m incentives, $7.75m guaranteed, SB $2m, 2015 cap hit $6m (can earn another $1m if he reaches 10 sacks) http://www.spotrac.com/nfl/indianapolis-colts/trent-cole/
Kendall Langford -- four years, $17.2m, $2.5m guaranteed, $5m cash in 2015, 2015 cap hit of $4.25m http://overthecap.com/player/kendall-langford/1838/
Todd Herremans -- one year, $2.25m, + $1m incentives http://www.spotrac.com/nfl/indianapolis-colts/todd-herremans/

Andre Johnson -- three years, $21m, $10m guaranteed, 2015 cap hit $7.5m https://twitter.com/corryjoel/status/576011503821705216 https://twitter.com/mchappell51/status/575751765116628992

Nate Irving -- three years, $7.25m, $1.5m guaranteed, signing bonus $750K, 2015 cap hit $1.25m, 2016 and 2017 cap hits $2.75m/$3m http://www.spotrac.com/nfl/indianapolis-colts/nate-irving/

Dwight Lowery -- one year, $950K, 2015 cap hit $660K (due to minimum salary benefit) https://twitter.com/RavensInsider/status/585887238644506625

Vincent Brown -- one year, $745K, 2015 cap hit $660K (due to minimum salary benefit) http://www.spotrac.com/nfl/indianapolis-colts/vincent-brown/ http://www.rotoworld.com/player/nfl/6535/vincent-brown
 
 
Post details and I'll update and needed. Thanks.

Edited April 9, 2015 by Superman

[Dustin]

Are Coles incentive LTBE?

[Superman]

Are Coles incentive LTBE?

 

If they are as reported, then no. He didn't have 10 sacks last year, so that incentive is NLTBE.

[MTC]

Colt Anderson:

 

Colt Anderson's one-year Colts deal is $825,000, $745,000 salary, $80,000 salary, $100,000 of 2015 salary fully guaranteed

— Aaron Wilson (@AaronWilson_NFL)

March 11, 2015

[Dustin]

Hope you guys are happy with your new starting DE

 

Kendall Langford's deal with #Colts is 4 years, $17.2 million. He gets $5M in first year.

[BOTT]

Butler needs a new agent

[PuntersArePeopleToo]

Per @RapSheet The #Colts are paying WR Andre Johnson $21M over three years, source said. Was due $21.5M guaranteed over final 2 yrs w/Texans

— Mike Chappell (@mchappell51)

March 11, 2015

 

Andre terms from multiple sources

[Steamboat_Shaun]

Per @RapSheet The #Colts are paying WR Andre Johnson $21M over three years, source said. Was due $21.5M guaranteed over final 2 yrs w/Texans

— Mike Chappell (@mchappell51)

March 11, 2015

 

Andre terms from multiple sources

 

This goes to show how badly guys wanna be around Andrew Luck.

 

Chargers reportedly offered Andre Johnson more money than he got with the Colts

— NFL Access (@NFL_Access)

March 11, 2015

[Dustin]

This is a very good deal:

 

#CONTRACT INFO: Per source, #Colts signed S Mike Adams to a 2-year deal, worth $4.25 million with $1.2 million guaranteed.

[Dustin]

Andre Johnson got $10M guaranteed per PFT. 

[Dustin]

These contracts are all pretty easy to get out of. Looks like each guy can be cut with (relatively) little dead money after 2015. 

[Narcosys]

https://twitter.com/mchappell51/status/575751765116628992

Andre terms from multiple sources

He really wanted out. That and to try for a ring.

[cbear]

These contracts are all pretty easy to get out of. Looks like each guy can be cut with (relatively) little dead money after 2015.

So for dead money. That would be the guaranteed money divided by the length of the contract?

[Smurphy1]

So for dead money. That would be the guaranteed money divided by the length of the contract?

 

Not quite. Signing bonuses are spread out over the contract and if cut before the end you get that dead money from other years. The colts have not been doing big signing bonuses. Instead we have been doing things like guaranteeing the first year or two of base salary and guaranteed roster bonuses which are not spread out. So that means after a certain year in the contract almost all the guaranteed money is in the past and you can cut them no problem.

[Dustin]

Andre Johnson 15: $3.5M-base salary + $4M-3/24 roster bonus 16: $5M-base salary + $2.5M 5th day league year roster bonus 17: $6M-base salary

— Joel Corry (@corryjoel)

March 12, 2015

[Dustin]

Andre Johnson's $2.5M 2016 roster bonus isn't fully GTD at signing because it would be treated as signing bonus & prorated for 3 years.

— Joel Corry (@corryjoel)

March 12, 2015

[Dustin]

Andre Johnson's $2.5M 2016 roster bonus is GTD for skill & injury at signing. It's fully GTD on 3/17/15.

— Joel Corry (@corryjoel)

March 12, 2015

[Dustin]

Mike Adams two-year Colts deal, $4.25M, $1.2M gtd; salaries $1M, $1M, $1.2M roster bonus due this week, $250K Pro Bowl incent. each year

— Aaron Wilson (@AaronWilson_NFL)

March 12, 2015

[Dustin]

Mike Adams has up to $500,000 escalator in 2016 based on playtime, interceptions, Pro Bowl

— Aaron Wilson (@AaronWilson_NFL)

March 12, 2015

[Superman]

Mike Adams two-year Colts deal, $4.25M, $1.2M gtd; salaries $1M, $1M, $1.2M roster bonus due this week, $250K Pro Bowl incent. each year

— Aaron Wilson (@AaronWilson_NFL)

March 12, 2015

 

 

Mike Adams has up to $500,000 escalator in 2016 based on playtime, interceptions, Pro Bowl

— Aaron Wilson (@AaronWilson_NFL)

March 12, 2015

 

Adams cap hit is probably $2.45m in 2015. Those incentives sound like they'd be LTBE.

[Superman]

Andre Johnson 15: $3.5M-base salary + $4M-3/24 roster bonus 16: $5M-base salary + $2.5M 5th day league year roster bonus 17: $6M-base salary

— Joel Corry (@corryjoel)

March 12, 2015

 

Another one with no signing bonus. 2015 cap hit should be $7.5m.

[Superman]

Updated. Still need Kendall Langford.

[Superman]

http://www.spotrac.com/nfl/indianapolis-colts/mike-adams/

 

They include a $525K workout bonus for Adams, and they don't count his Pro Bowl incentive, which makes his 2015 cap hit $2.725m. I'm not sure about that. Negligible difference; either way, his cap hit should be less than $3m in 2015.

[Dustin]

Updated. Still need Kendall Langford.

 

His cap hit this season is $4.25M via OTC.

[JPFolks]

Can you guys explain some of the acronyms such as LTBE? Thanks. 

[Superman]

Can you guys explain some of the acronyms such as LTBE? Thanks. 

 

LTBE = likely to be earned

 

An incentive is LTBE if the conditions of the incentive were met in the previous season. And if it's LTBE, then it counts against the cap.

[Superman]

Okay, so Grigson has added $36.45m to the 2015 salary cap since the end of the season. 

 

We're pending a resolution on Trent Richardson, and probably will be for a while. Potential cap casualties at this point include Donald Thomas and Gosder Cherilus. 

 

And unless details change, the projected 2016 payroll is around $113m.

[Warhorse]

Never...in my 40 years as a fan, have I seen an offseason like this one.

 

Thanks for all the work you are doing folks. This is being compiled in a very convenient way for the fans.

[backshoulderfade]

Source: LB Nate Irving's 3-year deal with the #Colts "is worth up to $9.25M."

— Josina Anderson (@JosinaAnderson)

March 20, 2015

[NewColtsFan]

Okay, so Grigson has added $36.45m to the 2015 salary cap since the end of the season. 

 

We're pending a resolution on Trent Richardson, and probably will be for a while. Potential cap casualties at this point include Donald Thomas and Gosder Cherilus. 

 

And unless details change, the projected 2016 payroll is around $113m.

 

I'm assuming with the Irving contract now done (not sure of details yet)  but I'm guessing of a cap hit round $2.5 Mill,  that would put our cap hit added number right around $39 Mill.      (Taking your figure and adding my guess to it)

 

Is that roughly what you have?   

 

Would you say we're done with Free Agency unless we find a veterans minimum type of player?

[ruksak]

This goes to show how badly guys wanna be around Andrew Luck.

 

Chargers reportedly offered Andre Johnson more money than he got with the Colts

— NFL Access (@NFL_Access)

March 11, 2015

I like this, tremendously. He's been the modern day Barry Sanders @ WR, in terms of epic talent marooned on a island of incompetence. This dude wants a SB bad, more than a few million bones. That's impressive. 

[Superman]

I'm assuming with the Irving contract now done (not sure of details yet)  but I'm guessing of a cap hit round $2.5 Mill,  that would put our cap hit added number right around $39 Mill.      (Taking your figure and adding my guess to it)

 

Is that roughly what you have?   

 

Would you say we're done with Free Agency unless we find a veterans minimum type of player?

 

Unless we do something with Cherilus and/or Thomas, or the Richardson grievance is resolved quickly (which isn't likely), yeah, we're probably done. Unless, like you said, a minimum type of player.

[Superman]

Nate Irving details: http://www.spotrac.com/nfl/indianapolis-colts/nate-irving/

 

2015 cap hit of $1.25m. Goes to $2.75m, then $3m. There are per game roster bonuses that total $750K over three years, and then another $500K in (I assume) offseason roster bonuses in 2016 and 2017. So it's actually three years, $7.25m, not $9.25m. Unless there are incentives that aren't reported on Spotrac, which could be the case.

 

So Grigson has added $37.7m to the 2015 cap. Projected cap in 2016 is under $116m. 

[GYac]

Okay, so Grigson has added $36.45m to the 2015 salary cap since the end of the season. 

 

We're pending a resolution on Trent Richardson, and probably will be for a while. Potential cap casualties at this point include Donald Thomas and Gosder Cherilus. 

 

And unless details change, the projected 2016 payroll is around $113m.

 

 

 

then take lucks 20plus, and hiltons 9, that puts us close if the cap raises to 150...This needs to be our year. 

[Superman]

 

Okay, so Grigson has added $36.45m to the 2015 salary cap since the end of the season. 

 

We're pending a resolution on Trent Richardson, and probably will be for a while. Potential cap casualties at this point include Donald Thomas and Gosder Cherilus. 

 

And unless details change, the projected 2016 payroll is around $113m.

 

 

 

then take lucks 20plus, and hiltons 9, that puts us close if the cap raises to 150...This needs to be our year. 

 

 

That's not really how it works. I doubt that either Luck or Hilton have cap hits that are very close to their yearly averages in 2016.

[Superman]

Signed Dwight Lowery, waiting on terms.

[Superman]

Also added Vincent Brown, who I had missed. Signed a one year deal at vet minimum for $745K. Only counts $660K against the cap due to the Minimum Salary Benefit rule.

[Dustin]

Dwight Lowery one-year Colts deal: $950,000, $870,000 salary, $80,000 bonus, cap is $665,000 on minimum salary benefit

— Aaron Wilson (@AaronWilson_NFL)

April 8, 2015

[Superman]

Updated with Lowery's terms.

[Superman]

http://www.spotrac.com/nfl/indianapolis-colts/cap/

 

Per Spotrac, with adjustments and filling in a gap for Deveron Carr's contract, here's where the Colts stand capwise: 

 

Total active contracts: 72

Total cash output: $132m

Adjusted 2015 salary cap, including 2014 rollover -- $152.4m

Total 2015 cap obligations, including dead money and projected draft picks -- $150.7m

Top 51 2015 cap obligations, including projected draft picks -- $142.5m

Adjusted cap space -- $9.9m

 

We have 9 draft picks, and we still have to make roster space for UDFAs (which is usually at least 15), so we probably have 6-10 players on the roster right now that won't be on the roster a week after the draft. None of this will have a big impact on the offseason cap number, which only counts the top 51 contracts against the cap.

 

However, accounting for future adjustments, it's unlikely we make anymore significant additions with that extra $9.9m we have, at least not now. The projected cash number is already at $132m. That will be adjusted down once the roster gets thinned out, and some vets might not even make it to camp. But if you assume that Hilton, Allen, Fleener and Castonzo will be getting new deals, their signing bonuses will push that cash number up further. We had a low cash number last season ($112m), so that will be offset this season.