Friday, August 8, 2008

Leigh Bodden's Extension


Leigh Bodden's extension was finally updated in the NFLPA salary database, about two weeks after it was announced. Bodden had two years remaining on the contract that he had originally signed with the Cleveland Browns and reportedly agreed to a 4 year $27M extension. The original contract called for base salaries of $1.7M (2008) and $1.8M (2009) with playing time and interception incentives totalling $1M (2008) and $818,750 (2009). Bodden reportedly received a $2M signing bonus and has an $8.6M non-guaranteed roster bonus due in March of 2009. The new contract calls for base salaries of $700K (2008), $2.5M (2009), $3.5M (2010), $4.35M (2011), $3.45M (2012) and $4.4M (2013). The Lions generally don't have incentives tied to individual performances (i.e. interceptions), so I'd assume that the incentives were removed when they extended his contract and adjusted his base pay for 2008 and 2009. The contract likely includes various workout and roster bonuses due in the later years of the contract. Before signing the extension, Bodden's 2008 cap cost was $2.7M. Assuming the above, for 2008, Bodden would count $1,033,333 against the cap.
  • $700,000 Base Pay
  • $333,333 SB Amortization ($2M over six years)

Teddy Lehman was placed on Injured Reserve on August 4th and subsequently released on August 8th. Normally when a player is placed on Injured Reserve, they are done for the season and receive their base pay or split salary (if applicable). In Lehman's case, he'd be entitled to a split salary of $295,000. His injury wasn't significant enough for him to miss the entire season, but was significant enough for him to miss an extended period of time. Lehman likely received an injury settlement for quite a bit less than his split salary amount and will now have the option to sign on with another team later in the year.

Updated Kenneth Moore - When I originally estimated his signing bonus, I used the 2007 signing bonus of a player drafted at roughly the same overall position. The Lions have typically signed their 3rd round and lower draft picks to three year contract, but not all teams do this. The 2007 signing bonus that I used to estimate Moore's 2008 signing bonus was for a four year contract. Consequently, his 2008 estimated signing bonus should be about $281,000 instead of $381,000. The adjustment won't effect the Lions current salary cap, but will adjust his 2008 cap cost to $388,667.

  • $295,000 Base Salary
  • $93,667 SB Amortization ($281,000 over three years)

Based on the above, I'd estimate that the Lions are currently $4.2M under the salary cap.

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