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May 17, 2013

The Broncos, Manning's insurance, cap credit and Jon Beason

The Denver Broncos are covering their bases when it comes to a recently injured star and the salary cap.

According to a ProFootballTalk.com report, the Broncos restructured quarterback Peyton Manning's contract in a way that doesn't change the future Hall of Famer's compensation but instead helps the team with the cap in the event of an injury.

Manning is due to make $40 million in guaranteed money split over the next two seasons. The report states the Broncos added an insurance clause to Manning's contract that stipulates if Manning re-injures his neck (he had four surgeries on it in 2011) the contract can then refer to the insurance policy and Denver can receive a cap credit. 

How does this work? Let's refer to Article 13, Section 6, Rule IV of the CBA:

 

In the event that a Club receives a refund from the player of any previously-paid Salary...such amount as has previously been included in Team Salary shall be credited to the Club's Team Salary for the next League Year... [I]nsurance proceeds received by a Team as beneficiary to cover the player's inability to perform services required by his Player Contract shall be deemed a "refund from the player" if (a) the Club or the player purchased the policy (b) the amounts covered by the policy are so specified in the Player Contract; and (c) the policy is made available for inspection upon request by the NFL or the NFLPA. 

 

I've gotten a lot of tweets since the start of the offseason asking if Panthers LB Jon Beason will consider restructuring his deal. Those questions were resurrected Wednesday after the news of RB DeAngelo Williams restructuring his deal with the Panthers.

There are no indications the Panthers have approached Beason about restructuring his contract, which he inked in 2011 as a five-year, $51.5 million deal. Since then he's suffered an Achilles injury that sat him out nearly all of the 2011 season, and shoulder and knee injuries kept him out of three-quarters of last year.

At $8.4 million under the cap, the Panthers aren't under any great pressure to restructure another contract, especially one for a former Pro Bowl linebacker who just lost his starting middle linebacker position.

But an insurance policy on a high-priced, important but recently oft-injured part of your team? Denver just showed it can be done.

--Jonathan Jones

Posted by Observer Sports on May 17, 2013 at 10:29 AM | Permalink

Comments

trade beason, he's broken....one of hurney's horrible contracts.

Posted by: big gulps | May 17, 2013 10:49:43 AM

Yes. trade beason. He ain't no ray lewis.

Posted by: Crispy Bacon | May 17, 2013 11:09:14 AM

how do you know?

after watching davis last year seems kind of dumb to write someone off over injuries. and he wasn't hurt when hurney gave him the contract. he was a pro bowl elite middle linebacker probably top 4 in the league.

you guys act as if restructuring contracts in the NFL isn't standard operating business. just like holdouts are on the other side. It's part of the deal when you have non guaranteed contracts. Hurney clearly didn't leave us in the salary hell everybody makes it out to be if we have 8.4 in cap room with EVERY necessary part of last year's team coming back + some veteran pick ups. and without beason or johnson restructuring. Only key contracts we have coming up are hardy and newton and we have other guys aging out that will create room for that.

this team is SOLID we just need coaching this year. that's what cost us last year.

Posted by: charlottean | May 17, 2013 11:29:15 AM

What a stupid post @charlottean.

Of course Hurney screwed our salary cap or have you been blind to all of the cuts and restructuring that Gettleman has had to do to get us under the cap?

Might want think before making a dumb statement like that, only an idiot would think Hurney didnt put us in salary cap hell and not just for 2013, go look up the numbers for 2014 and even 2015 because they aren't good now and that doesnt include a new contract for Hardy and Cam.

Posted by: Rick | May 17, 2013 11:35:17 AM

Charlottean. Man. Please. Beason is DONE. The difference in him and Davis is that Davis is a real man, not a cheerleader from the sidelines who hasnt played a full season in two years, getting paid starter money!

And how is this team "solid"? The entire right side of the OL is a mess, not to mention Gross getting old on the left. Kalil is not going to be back healthy for OTA's, the secondary is still in shambles, and they have Shula as their OC! LOL.

You keep blaming Rivera and saying he should be fired, despite how hard the TEAM played for him in meaningless games, despite him getting a top ten defense, despite Keuchly winning ROY, despite this team finishing tied for second in the NFC South, despite how he admitted his mistakes. He gets the most out of his players. Hardy and Johnson had breakout years under him. Cam broke NFL records under his coaching.

You want the Bobcats to keep Dunlap despite the TEAM giving him bad exit reviews, despite his over use of the zone defense, despite them still finishing near last in the NBA in offense and defense, despite no ROY awards or first team honors for MKG or anyone else, despite his ridiculous line ups and constantly mis-managing minutes. Dunlap did not get the most of his team's abilities.

Posted by: D.W.G. | May 17, 2013 11:49:15 AM

duh-huh... u can't trade beason...no one would take that contract!

Posted by: jimmy pickles | May 17, 2013 12:05:07 PM

You people are ignorant. Healthy Beason is one of the best linebackers in the league, the insurance policy would be great, but letting him get away would be a terrible move. Stick to watching sports and not pretending like you are all capable gm's.

Posted by: Nils | May 17, 2013 12:10:01 PM

You people are ignorant. Healthy Beason is one of the best linebackers in the league, the insurance policy would be great, but letting him get away would be a terrible move. Stick to watching sports and not pretending like you are all capable gm's.

Posted by: Nils | May 17, 2013 12:10:02 PM

I think Beason should volunteer to restructure, but he's represented by Drew Rosenhaus so you can forget that idea. He was paid handsomely the past 2 years to do nothing. Those are the breaks of a long-term deal, good or bad production, good or unlucky health. If Beason was the team leader he thinks he is he ought to show it and tell the Panthers he will do what De'Angelo and Jordan have done -- help the team for the greater good. Richardson will take care of him. He already has and won't walk away.

Posted by: Mark | May 17, 2013 12:35:19 PM

I'd come back on a 1 year deal for $4-$5 million of the cap room.

Posted by: Gamble | May 17, 2013 12:36:30 PM

Agreed, Beason should restructure if he puts team above himself...

Posted by: What | May 17, 2013 12:46:43 PM

Never fails, the person that calls everyone ignorant proves they are most ignorant. =Nils. Quit living in the past buddy, "healthy Beason" is an oxymoron.

As for the first post and the comparison of Beason to Davis, you couldn't be more off. Davis has proven he plays for the love of the game, no one can question that. Beason plays for contracts. Until he proves otherwise, no one can question that either.

If he were the 'team player' everyone seems to love around here he would have gone to the team back in February and said "I know all I've done is been the league's highest paid cheerleader the past 2 seasons, what can I do to help the cap situation." Beason is dead weight and only here because we have an owner with odd priorities. Forget trading him because there is no market for this guy, similar to DeAngelo. We're just stuck watching Beason cheerlead another year thanks to Marty and Jerry.

Posted by: Steve | May 17, 2013 12:47:57 PM

beason Likely Will Restructure. Gamble, Is That The Chris Gamble Saying They Would Come Back On A 1 Year 4-5Mill?

Posted by: michael | May 17, 2013 12:54:45 PM

hurney constantly restructured contracts just like gettleman will just like all nfl teams do. it's standard business.

you guys are giving gettleman all the credit like it isn't EXACTLY what hurney would have done. the contracts are NON GUARANTEED so they give a guy a contract that makes him happy enough to stay and then 2 years in say "hey if you want to stay you have to take a pay cut" and by that time his market value has diminished.

STANDARD business in the current NFL. If a guy that needs restructuring doesn't agree, he gets cut. They almost always agree.


and how would ANYBODY know if beason is done or not without seeing him play? nobody saw him play a mediocre game of football. you're basing it on him having NOT played the last 2 years. when he's played, he's been elite. If he's healthy come august, my money is on solid play. If he's not healthy, he's not healthy. But to make the comments without knowing? crazy.

Posted by: charlottean | May 17, 2013 1:00:14 PM

Gotta love the arm chair GM's. Question, how come all you guys are posting on here instead of working with the Panthers or some other NFL club? You know so much about recovery and players skills and contracts.

Getting back on track, he should however restructure his deal, even though it's not really needed. But lets be honest, I highly doubt there is anyone on here that would voluntarily give up a couple million.

Posted by: Mike W | May 17, 2013 1:16:59 PM

Gotta love the arm chair GM's. Question, how come all you guys are posting on here instead of working with the Panthers or some other NFL club? You know so much about recovery and players skills and contracts.

Getting back on track, he should however restructure his deal, even though it's not really needed. But lets be honest, I highly doubt there is anyone on here that would voluntarily give up a couple million.

Posted by: Mike W | May 17, 2013 1:17:00 PM

Gotta love the arm chair GM's. Question, how come all you guys are posting on here instead of working with the Panthers or some other NFL club? You know so much about recovery and players skills and contracts.

Getting back on track, he should however restructure his deal, even though it's not really needed. But lets be honest, I highly doubt there is anyone on here that would voluntarily give up a couple million.

Posted by: Mike W | May 17, 2013 1:17:00 PM

"You people are ignorant. Healthy Beason is one of the best linebackers in the league"

thanks for calling everyone ignorant and then saying what you said. You probably liked Hurney or are him.

You don't give big contracts to players based on how good they used to be....but rather what they are currently capable of. This is why marty was fired and the panthers are in a mess. Teams like the patriots and giants make tough choices and don't overpay for historical performance....and are great franchises as a result.

I am very happy with our new GM, he has done more with our current mess than I thought he could. I hope Rivera coach's better, if not, our GM will fix that too.

Posted by: big gulps | May 17, 2013 1:17:35 PM

Everything said here about how Beason will never play, is always injured, is done, etc - every last bit of it was said about Thomas Davis before last year.

So... yeah... Perhaps some of you "medical experts" are talking out of your ass...

Posted by: swizzleit | May 17, 2013 1:28:05 PM

Trade big gulps or is it big guppie, he belongs in the cartoon section in nola.

Posted by: DT | May 17, 2013 1:31:22 PM

D W G, (DIM WITTED GOON?) stay on NOLA.com with the other illiterate buffons!

Posted by: DT | May 17, 2013 1:34:49 PM

D W G, (DIM WITTED GOON?) stay on NOLA.com with the other illiterate buffons!

Posted by: DT | May 17, 2013 1:34:56 PM

What is a buffon DT ?

Please elaborate in all caps and with poor spelling.

Posted by: big gulps | May 17, 2013 1:44:46 PM

Steve! We should trade you, repub racist!

Posted by: DT | May 17, 2013 1:45:53 PM

Yo big guppy, the teabag party is meeting in Oklahoma...you're gonna be late racist.

Posted by: DT | May 17, 2013 1:48:26 PM

The comments to this entry are closed.

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