{"id":21068,"date":"2013-07-29T01:00:19","date_gmt":"2013-07-29T05:00:19","guid":{"rendered":"http:\/\/www.jetnation.com\/?p=21068"},"modified":"2013-07-31T13:48:31","modified_gmt":"2013-07-31T17:48:31","slug":"dee-milliner-contract-breakdown-and-offset-issue-explained","status":"publish","type":"post","link":"https:\/\/miletestsite.com\/jets\/2013\/07\/29\/dee-milliner-contract-breakdown-and-offset-issue-explained\/","title":{"rendered":"Dee Milliner Contract Breakdown And Offset Issue Explained"},"content":{"rendered":"

The New York Jets and general manager John Idzik<\/strong> have finally gotten their entire draft class under contract as they inked ninth overall pick cornerback Dee Milliner<\/a> to an approximately four-year $12.6million<\/strong> fully guaranteed deal with a team option for a fifth.<\/p>\n

Here is the approximate salary breakdown:<\/strong><\/p>\n\n\n\n\n\n\n\n
Year<\/strong><\/span><\/td>\nSalary<\/strong><\/span><\/td>\nSigning Bonus<\/strong><\/span><\/td>\nTotal Yearly Cap Hit<\/strong><\/span><\/td>\n<\/tr>\n
2013<\/strong><\/td>\n$405,000<\/td>\n$1,898,780<\/td>\n$2,303,780<\/td>\n<\/tr>\n
2014<\/strong><\/td>\n$980,945<\/td>\n$1,898,780<\/td>\n$2,879,725<\/td>\n<\/tr>\n
2015<\/strong><\/td>\n$1,556,890<\/td>\n$1,898,780<\/td>\n$3,455,670<\/td>\n<\/tr>\n
2016<\/strong><\/td>\n$2,132,935<\/td>\n$1,898,780<\/td>\n$4,031,715<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/div>\n

Since Milliner\u2019s base salary, payments he receives during the season, are guaranteed and if the Jets released him the team would still be responsible for payment, they wanted some protection within the contract.<\/p>\n

This protection comes in the form of an offset and here is how it works:<\/strong><\/p>\n

Take Milliner\u2019s 2016 salary approximately $2.1 million<\/strong> guaranteed so if the Jets released Milliner and he signs with another team for $1 million<\/strong> that season the Jets would pay Milliner $1.1 million<\/strong> while the other team pays him $1 million<\/strong>.<\/p>\n

The money owed is \u201coffset\u201d by the new team\u2019s payments. Milliner still gets the same amount as originally contracted but the Jets get $1 million<\/strong> in salary cap relief.<\/p>\n

If there was no offset the Jets would pay Milliner $2.1 million<\/strong> while his new team paid him $1 million<\/strong> so he\u2019d make $3.1 million<\/strong> for that year, this is known as \u201cdouble-dipping\u201d getting paid by two teams and the Jets get no relief.<\/p>\n

The Jets insisted upon and got offset language in both Milliner and their other first round pick Sheldon Richardson\u2019s<\/a> contract since he\u2019s contract, about $10 million<\/strong>, is fully guaranteed. General Manager John Idzik has set a precedent that all rookies\u2019 contracts with guaranteed salary will contain an offset.<\/p>\n

An offset is only an issue if a player has guaranteed salary because if the salary is not guaranteed the team will not be responsible for payment if the player is released.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New York Jets and general manager John Idzik have finally gotten their entire draft class under contract as they inked ninth overall pick cornerback Dee Milliner to an approximately four-year $12.6million fully guaranteed deal with a team option for a fifth. Here is the approximate salary breakdown: Year Salary Signing Bonus Total Yearly Cap […]<\/p>\n","protected":false},"author":19,"featured_media":19297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[213],"tags":[],"class_list":{"0":"post-21068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jet-news"},"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/miletestsite.com\/jets\/wp-content\/uploads\/2013\/04\/Dee_Milliner.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peLffi-5tO","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts\/21068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/comments?post=21068"}],"version-history":[{"count":24,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts\/21068\/revisions"}],"predecessor-version":[{"id":21133,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts\/21068\/revisions\/21133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/media\/19297"}],"wp:attachment":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/media?parent=21068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/categories?post=21068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/tags?post=21068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}