Right now, Woods' contract pays him $5M in salary in 2020 and another $9M in 2021. IOW the Rams would pay Woods $14M more if he played out his current contract.
His cap hits in those two years are $8.175M and $10.175M.
Suppose he agrees to a 2 year, $30M extension: if so he would be signed for 4 more years for a total of $44M. The deal could be structured this way:
$8M signing bonus
$3M salary in 2020
$3M salary in 2021
$13M salary in 2022
$17M salary in 2023
His cap hits for the 4 years would be:
$8.175M in 2020 ($2M from his new signing bonus, $3M from his new salary, $2M from a roster bonus already paid, $1.75M prorated bonus from his current contract)
*same as the current contract*$6.17M in 2021 ($2M from his new signing bonus, $3M from his new salary, $1.75M prorated bonus from his current contract)
*$4M savings!*$15M in 2022 ($2M from his new signing bonus, $13M from his new salary)
$19M in 2023 ($2M from his new signing bonus, $17M from his new salary) <== I would not expect this year to be guaranteed ...
AlbaNY_Ram
Edited 1 time(s). Last edit at 08/06/2020 04:09PM by AlbaNY_Ram.