Floyd’s contract shows Rams got creative with the Cap … + more on Floyd

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  • #114858
    Avatar photoAgamemnon
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    Leonard Floyd's contract details show Rams had to get creative with the cap

    Leonard Floyd’s contract details show Rams had to get creative with the cap

    Cameron DaSilva
    12 hours ago

    It took more than a month for Leonard Floyd to sign his contract with the Rams, finally making it official on April 24. The delay was presumed to be because of the coronavirus pandemic making it difficult to get a physical done, but it likely had to do with the Rams’ cap situation, too.

    As it’s been pointed out throughout the offseason, Los Angeles isn’t exactly flush with cap space. According to Over The Cap, the Rams have just $419,169 available, the least in the NFL by more than $600,000.

    That includes Floyd’s contract, which was reported as a one-year deal worth $10 million. Details of his contract have finally surfaced thanks to Over The Cap, and the structure of it proves the Rams had to get creative.

    The $10 million is fully guaranteed, but the Rams were able to spread the cap hit across three seasons – even though it’s only a one-year deal. They did so by essentially making it a three-year deal with the final two seasons automatically voided.

    So Floyd will get a base salary of $5 million in 2020 with the other $5 million coming as a signing bonus. Signing bonuses are prorated over the life of the contract, which in Floyd’s case gives him $1.667 million in each of the next three years.

    His cap number is $6.667 million in 2020 and $3.333 million in 2021, even though he’s not technically under contract beyond this coming season. So next year, Floyd will carry a dead cap hit of $3.333 million unless the Rams sign him to an extension.

    With the Rams’ current cap situation, it would’ve been extremely tough for them to fit the full $10 million under the cap in 2020. By doing this, they lessen Floyd’s impact on the salary cap this year, but the downside is that they’ll have to eat $3.333 million in 2021 for him not to be on the roster.

    For most teams, this structure wouldn’t have been necessary. But for the Rams, who have already made just about every cap-saving move possible, it was almost required.

    The team already made moves to get under the cap – such as cutting Todd Gurley and Clay Matthews, and restructuring the contracts of Jared Goff and Rob Havenstein – all to help fit Floyd and A’Shawn Robinson in. The only realistic moves left are trading Gerald Everett or Havenstein, restructuring Aaron Donald’s deal, or signing Jalen Ramsey to an extension.

    Agamemnon

    #114889
    Avatar photoInvaderRam
    Moderator

    so then this means less cap space in the future if his money is spread out over 3 years?

    and doesn’t gurley take up cap space for the next several years?

    maybe everett gets traded?

    i do hope they can sign ramsey to a long-term deal.

    #114892
    Avatar photoAgamemnon
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    They are OK. They have enough left. I think when Brockers became available for a good price, they made a way to fit him in. imo

    Agamemnon

    #114929
    Avatar photozn
    Moderator

    ==

    The Rams signed outside linebacker Leonard Floyd to fill the void left by Dante Fowler’s free-agency departure.

    https://www.latimes.com/sports/rams/story/2020-05-11/rams-hoping-leonard-floyd-reunion-with-coach-brandon-staley-will-ignite-linebacker

    But Floyd said Monday that he was not feeling pressure to match the performance of an edge rusher who amassed a career-best 11½ sacks in 2019 before leaving to sign with the Atlanta Falcons.

    “I just want to come in and play at my level,” Floyd said during a video conference with reporters, “and try to help the team win games and try to dominate on defense.”

    Floyd, the ninth pick in the 2016 draft, had seven sacks for the Chicago Bears as a rookie, but did not come close to matching that production the last three seasons. In 2019, he had a career-low three sacks. The Bears cut him rather than paying him $13.2 million.

    The Rams anticipated that Floyd might be a “cap casualty,” general manager Les Snead said, and they moved quickly to sign him after Fowler’s exit in March at the start of free agency. Floyd received a one-year, $10-million contract, the Rams apparently believing that a reunion with new defensive coordinator Brandon Staley would benefit Floyd and the Rams.

    Staley was the Bears’ outside linebackers coach in 2017 and 2018.

    “It’s going to be great playing for him again,” Floyd said, citing Staley’s preparation, energy and communication skills.

    The Rams would like nothing more than to see Floyd’s performance improve as Fowler’s did after a change of scenery.

    Fowler, the third pick in the 2015 draft, was traded by the Jacksonville Jaguars to the Rams midway through the 2018 season. He helped the Rams reach the Super Bowl, and parlayed his 2019 performance into a three-year, $45-million contract with the Falcons.

    Coach Sean McVay has said the versatility of the 6-foot-5, 240-pound Floyd — and his familiarity with Staley — made him an attractive replacement for Fowler.

    “He can rush, he can play in coverage, he’s got length,” McVay said.Floyd said he still has work to do.“I’m coming to L.A. to continue to work on my pass rush,” he said, “to elevate that even more.”

    Familiarity with Staley, and the system the coordinator learned from Vic Fangio with the Bears and Denver Broncos, eased Floyd’s transition during the first two weeks of the Rams’ virtual offseason program. Floyd is participating from Atlanta.

    Staley, hired to replace Wade Phillips, is overseeing a remade defense as the Rams attempt to return to the playoffs. Fowler, linebacker Cory Littleton and slot cornerback Nickell Robey-Coleman signed elsewhere after last season’s 9-7 finish. The Rams cut linebacker Clay Matthews. Safety Eric Weddle retired.

    The Rams re-signed defensive lineman Michael Brockers after a free-agent deal with the Baltimore Ravens fell through. They signed Floyd and defensive lineman A’Shawn Robinson, and then used four of nine draft picks on defensive players, including edge rusher Terrell Lewis, safeties Terrell Burgess and Jordan Fuller, and linebacker Clay Johnston.
    Drafted rookies and undrafted first-year players began participating in the offseason program on Monday.

    For the last two seasons, Floyd played for a Bears defense that included outside linebacker Khalil Mack, the 2016 NFL defensive player of the year. Now he is part of a defense that features tackle Aaron Donald, the 2017 and 2018 defensive player of the year.

    Floyd said Mack taught him about work ethic on and off the field.

    “Dominate,” Floyd said. “That’s all he preached. … Playing with Aaron, it’s going to be the same way. I know he’s going to be dominating. And I’m going to try and get in and dominate right beside him.”

    #115422
    Avatar photoAgamemnon
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    #115424
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    #116135
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