Bears sign Eddie Goldman to 4-yr, $42M ($25M gtd) extension

[Bears Whiskey Nut]

I'd love to see Amos on that list soon.

G08 or WAB. You know the salary cap crap better than me. I just read an article that said the Goldman deal inches the Bears right up to the cap (we're still paying the Giraffe $4.5M). Is there a way to get an extension done for Amos, or are Pace's hands pretty much tied?

Didn't look to see if you got your answer but this is the Bears cap situation as reported today. They report the Goldman extension but I'm not certain if the impact on the 2018 cap has been included yet. Soon we'll know.


Bears 2018 Cap Totals

Maximum Salary Cap:
$184,808,858
Active Contracts:
$160,404,385
Injured Reserve:
$1,343,304
Dead Cap:
$12,429,613
Total Cap:
$176,567,302
Est. Cap Space:
$8,241,556

I believe that’s before Goldman’s contract is accounted for.


Sent from my iPhone using Tapatalk

I would think so since we don't have the breakdown yet. Maybe my tomorrow that will be posted and we can factor it in.

Quoting myself I know but I have an update on the cap and I believe that figure of $8.241556 mil is correct and does include Goldman's new deal. Here's what Spotrac shows for Goldman's 2018 cap hit. If there are additional updates I'll post them as they occur.

Eddie Goldman signed a 4 year, $42,000,000 contract with the Chicago Bears, including $25,000,000 guaranteed, and an average annual salary of $10,500,000. In 2018, Goldman will earn a base salary of $1,210,407, while carrying a cap hit of $1,809,283.

Contract Terms: 4 yr(s) / $42,000,000 Signing Bonus - Average Salary$10,500,000 GTD at Sign:- Total GTD:$25,000,000 Free Agent:2023 / UFA

Bonus Breakdown Cap Details Cash Details
Year Age Base Salary Signing Cap Hit Dead Cap Yearly Cash
2018 24 $1,210,407 $598,876 $1,809,283 - $1,210,407($1,210,407)

So they gave him his signing bonus to increase his compensation this year. If he gets a SB, doesn't that come out of the total contract? For example;

He signs a 4yr/42M with $25M guaranteed. If they give him a $10M signing bonus that comes off of the top of the $42M and the guaranteed money, reducing his overall cap hit per year to $8M. His dead cap would be his guaranteed money divided by the number of years. His cap hit is what is left on the contract divided by years left.

Does that sound right?

[Bearfacts]

G08 or WAB. You know the salary cap crap better than me. I just read an article that said the Goldman deal inches the Bears right up to the cap (we're still paying the Giraffe $4.5M). Is there a way to get an extension done for Amos, or are Pace's hands pretty much tied?

Didn't look to see if you got your answer but this is the Bears cap situation as reported today. They report the Goldman extension but I'm not certain if the impact on the 2018 cap has been included yet. Soon we'll know.


Bears 2018 Cap Totals

Maximum Salary Cap:
$184,808,858
Active Contracts:
$160,404,385
Injured Reserve:
$1,343,304
Dead Cap:
$12,429,613
Total Cap:
$176,567,302
Est. Cap Space:
$8,241,556

I believe that’s before Goldman’s contract is accounted for.


Sent from my iPhone using Tapatalk

I would think so since we don't have the breakdown yet. Maybe my tomorrow that will be posted and we can factor it in.

Quoting myself I know but I have an update on the cap and I believe that figure of $8.241556 mil is correct and does include Goldman's new deal. Here's what Spotrac shows for Goldman's 2018 cap hit. If there are additional updates I'll post them as they occur.

Eddie Goldman signed a 4 year, $42,000,000 contract with the Chicago Bears, including $25,000,000 guaranteed, and an average annual salary of $10,500,000. In 2018, Goldman will earn a base salary of $1,210,407, while carrying a cap hit of $1,809,283.

Contract Terms: 4 yr(s) / $42,000,000 Signing Bonus - Average Salary$10,500,000 GTD at Sign:- Total GTD:$25,000,000 Free Agent:2023 / UFA

Bonus Breakdown Cap Details Cash Details
Year Age Base Salary Signing Cap Hit Dead Cap Yearly Cash
2018 24 $1,210,407 $598,876 $1,809,283 - $1,210,407($1,210,407)

So they gave him his signing bonus to increase his compensation this year. If he gets a SB, doesn't that come out of the total contract? For example;

He signs a 4yr/42M with $25M guaranteed. If they give him a $10M signing bonus that comes off of the top of the $42M and the guaranteed money, reducing his overall cap hit per year to $8M. His dead cap would be his guaranteed money divided by the number of years. His cap hit is what is left on the contract divided by years left.

Does that sound right?

I think that signing bonus may be what's remaining from his rookie deal and they may have just upped his 2018 salary a bit. I can't go back and look at the numbers before his new deal so I can't be 100% certain on the salary but since the $598,876 doesn't show up as cash outlay it's 100% old money that's been paid already.

He's guaranteed $25 mil so all of that could be salary guarantees beginning in 2019. If his avg. annual salary is $10.5 mil then they may be guaranteeing that in 2019 and 2020 and $4 mil of his 2021 salary and there is no signing bonus or roster bonuses. Or he could have a $4 mil 2019 roster bonus plus his salaries guaranteed in 2019-2020.

Until it's all laid out in detail all we can do is make some educated guesses but it appears to me that most of his new money won't hit the cap 'til 2019 so Pace can preserve some of that $8 mil to operate with this year.

[Bears Whiskey Nut]

Didn't look to see if you got your answer but this is the Bears cap situation as reported today. They report the Goldman extension but I'm not certain if the impact on the 2018 cap has been included yet. Soon we'll know.


Bears 2018 Cap Totals

Maximum Salary Cap:
$184,808,858
Active Contracts:
$160,404,385
Injured Reserve:
$1,343,304
Dead Cap:
$12,429,613
Total Cap:
$176,567,302
Est. Cap Space:
$8,241,556

I believe that’s before Goldman’s contract is accounted for.


Sent from my iPhone using Tapatalk

I would think so since we don't have the breakdown yet. Maybe my tomorrow that will be posted and we can factor it in.

Quoting myself I know but I have an update on the cap and I believe that figure of $8.241556 mil is correct and does include Goldman's new deal. Here's what Spotrac shows for Goldman's 2018 cap hit. If there are additional updates I'll post them as they occur.

Eddie Goldman signed a 4 year, $42,000,000 contract with the Chicago Bears, including $25,000,000 guaranteed, and an average annual salary of $10,500,000. In 2018, Goldman will earn a base salary of $1,210,407, while carrying a cap hit of $1,809,283.

Contract Terms: 4 yr(s) / $42,000,000 Signing Bonus - Average Salary$10,500,000 GTD at Sign:- Total GTD:$25,000,000 Free Agent:2023 / UFA

Bonus Breakdown Cap Details Cash Details
Year Age Base Salary Signing Cap Hit Dead Cap Yearly Cash
2018 24 $1,210,407 $598,876 $1,809,283 - $1,210,407($1,210,407)

So they gave him his signing bonus to increase his compensation this year. If he gets a SB, doesn't that come out of the total contract? For example;

He signs a 4yr/42M with $25M guaranteed. If they give him a $10M signing bonus that comes off of the top of the $42M and the guaranteed money, reducing his overall cap hit per year to $8M. His dead cap would be his guaranteed money divided by the number of years. His cap hit is what is left on the contract divided by years left.

Does that sound right?

I think that signing bonus may be what's remaining from his rookie deal and they may have just upped his 2018 salary a bit. I can't go back and look at the numbers before his new deal so I can't be 100% certain on the salary but since the $598,876 doesn't show up as cash outlay it's 100% old money that's been paid already.

He's guaranteed $25 mil so all of that could be salary guarantees beginning in 2019. If his avg. annual salary is $10.5 mil then they may be guaranteeing that in 2019 and 2020 and $4 mil of his 2021 salary and there is no signing bonus or roster bonuses. Or he could have a $4 mil 2019 roster bonus plus his salaries guaranteed in 2019-2020.

Until it's all laid out in detail all we can do is make some educated guesses but it appears to me that most of his new money won't hit the cap 'til 2019 so Pace can preserve some of that $8 mil to operate with this year.

I thought when they extended him, they started from the current year. I guess not. His big money doesn't kick in until next year.

[Bearfacts]

I believe that’s before Goldman’s contract is accounted for.


Sent from my iPhone using Tapatalk

I would think so since we don't have the breakdown yet. Maybe my tomorrow that will be posted and we can factor it in.

Quoting myself I know but I have an update on the cap and I believe that figure of $8.241556 mil is correct and does include Goldman's new deal. Here's what Spotrac shows for Goldman's 2018 cap hit. If there are additional updates I'll post them as they occur.

Eddie Goldman signed a 4 year, $42,000,000 contract with the Chicago Bears, including $25,000,000 guaranteed, and an average annual salary of $10,500,000. In 2018, Goldman will earn a base salary of $1,210,407, while carrying a cap hit of $1,809,283.

Contract Terms: 4 yr(s) / $42,000,000 Signing Bonus - Average Salary$10,500,000 GTD at Sign:- Total GTD:$25,000,000 Free Agent:2023 / UFA

Bonus Breakdown Cap Details Cash Details
Year Age Base Salary Signing Cap Hit Dead Cap Yearly Cash
2018 24 $1,210,407 $598,876 $1,809,283 - $1,210,407($1,210,407)

So they gave him his signing bonus to increase his compensation this year. If he gets a SB, doesn't that come out of the total contract? For example;

He signs a 4yr/42M with $25M guaranteed. If they give him a $10M signing bonus that comes off of the top of the $42M and the guaranteed money, reducing his overall cap hit per year to $8M. His dead cap would be his guaranteed money divided by the number of years. His cap hit is what is left on the contract divided by years left.

Does that sound right?

I think that signing bonus may be what's remaining from his rookie deal and they may have just upped his 2018 salary a bit. I can't go back and look at the numbers before his new deal so I can't be 100% certain on the salary but since the $598,876 doesn't show up as cash outlay it's 100% old money that's been paid already.

He's guaranteed $25 mil so all of that could be salary guarantees beginning in 2019. If his avg. annual salary is $10.5 mil then they may be guaranteeing that in 2019 and 2020 and $4 mil of his 2021 salary and there is no signing bonus or roster bonuses. Or he could have a $4 mil 2019 roster bonus plus his salaries guaranteed in 2019-2020.

Until it's all laid out in detail all we can do is make some educated guesses but it appears to me that most of his new money won't hit the cap 'til 2019 so Pace can preserve some of that $8 mil to operate with this year.

I thought when they extended him, they started from the current year. I guess not. His big money doesn't kick in until next year.

If they give a signing bonus in cash now that can be prorated to include the current year as well as the full term of the extension but since what Spotrac is showing is no new money as a signing bonus and no cash outlay for one I'm thinking there isn't one and it's all salary and/or roster bonus guarantees.

This could be somewhat like what we did with Jared Allen where his 1st year cap hit was only $3 mil so Emery could fit him in under the cap but then in year two he had a huge guarantee and more guaranteed in year three if I recall. Seems like ancient history now and a history I try hard to forget. LOL

[Bearfacts]

I'm gonna stand corrected and say what Spotrac is reporting is still Goldman's old cap number from his original contract. I found a piece from June that listed his cap hit as the same $1.8 mil and change so his new deal has NOT been detailed yet or subtracted from the cap.

Detail when available.

[Bearfacts]

I'm gonna stand corrected and say what Spotrac is reporting is still Goldman's old cap number from his original contract. I found a piece from June that listed his cap hit as the same $1.8 mil and change so his new deal has NOT been detailed yet or subtracted from the cap.

Detail when available.

Goldman contract detail and current cap room. Goldman's deal has a major back end Roster Bonus $7.5 mil and Cap Hit in $15.9 mil 2022 with Dead Cap of only $2.2 mil so he may never see that final year money.


Eddie Goldman signed a 4 year, $42,040,000 contract with the Chicago Bears, including a $11,000,000 signing bonus, $25,000,000 guaranteed, and an average annual salary of $10,510,000. In 2018, Goldman will earn a base salary of $1,000,000 and a signing bonus of $11,000,000, while carrying a cap hit of $3,798,876 and a dead cap value of $14,848,876.

Contract Terms: 4 yr(s) / $42,040,000 Signing Bonus $11,000,000 Average Salary$10,510,000 GTD at Sign:$14,250,000 Total GTD:$25,000,000 Free Agent:2023 / UFA

Bonus Breakdown Cap Details Cash Details
Year Age Base Salary Signing Roster Workout Cap Hit Dead Cap Yearly Cash
2018 Contract details by year 24 $1,000,000 $2,798,876 - - $3,798,876 $14,848,876 $12,000,000($12,000,000)

2019 Contract details by year 25 $2,250,000 $2,200,000 $3,000,000 $100,000 $7,550,000 $11,050,000 $5,350,000($17,350,000)

2020 Contract details by year 26 $4,750,000 $2,200,000 $3,000,000 $100,000 $10,050,000 $6,600,000 $7,850,000($25,200,000)

2021 Contract details by year 27 $8,760,000 $2,200,000 - $100,000 $11,060,000 $4,400,000 $8,860,000($34,060,000)

2022 Contract details by year 28 $8,340,000 $2,200,000 $7,500,000 $100,000 $18,140,000 $2,200,000 $15,940,000($50,000,000)
2023 Free Agent Year 29 UFA





Bears 2018 Cap Totals

Maximum Salary Cap:
$184,808,858
Active Contracts:
$162,393,978
Injured Reserve:
$1,343,304
Dead Cap:
$12,429,613
Total Cap:
$178,556,895
Est. Cap Space:
$6,251,963