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Thread: Wagoner: Rams Benefit From Finnegan's Miami Deal

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    Wagoner: Rams Benefit From Finnegan's Miami Deal

    Rams benefit from Finnegan's Miami deal

    March, 17, 2014
    By Nick Wagoner | ESPN.com

    EARTH CITY, Mo. -- The departure of cornerback Cortland Finnegan to the Miami Dolphins will not yield anything in terms of compensatory picks for the St. Louis Rams next year because the Rams released Finnegan on the first day of free agency.

    Instead, the Rams will receive their parting gift much sooner from Finnegan's departure. Details of Finnegan's two-year, $11 million deal came out Monday afternoon. The contract includes $5.5 million in guaranteed money including the entirety of his $3.5 million 2014 salary.

    Finnegan Put simply, that contract will save the Rams an additional $3 million in salary-cap space. It's unclear when that cap credit will be officially applied for the Rams.

    Taking it a little further and into the details of the cap, the Rams will receive the "full offset" of a $3 million roster bonus he had in his contract with St. Louis. That bonus had offset language surrounding it which allowed the Rams to recoup that money if and when Finnegan signed elsewhere.

    In this case, Finnegan's 2014 guaranteed salary in Miami is $3.5 million. The bonus with the Rams was $3 million. Obviously, the guaranteed salary in Miami exceeds the bonus from the Rams so they realize all of that $3 million in savings.

    If, for example, Finnegan had signed for $2 million, that money would have gone back to the Rams but the additional $1 million from the bonus would have counted against St. Louis.

    At the time of Finnegan's release, the Rams immediately saved $4 million in salary-cap space. Finnegan's deal with Miami brings that total to $7 million in savings.

    Offset language is more commonly associated as something teams and draft picks haggle over but the idea of it is to prevent players from double dipping from two teams. Finnegan actually acted as his own agent in his free-agent venture.


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    Re: Wagoner: Rams Benefit From Finnegan's Miami Deal

    I'llllll take it!


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    Re: Wagoner: Rams Benefit From Finnegan's Miami Deal

    Quote Originally Posted by r8rh8rmike View Post
    Finnegan actually acted as his own agent in his free-agent venture.
    I see a career for him post-football if he was able to get those terms and that kind of guaranteed cash after the season he had in 2013.

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    Re: Wagoner: Rams Benefit From Finnegan's Miami Deal

    Quote Originally Posted by Nick View Post
    I see a career for him post-football if he was able to get those terms and that kind of guaranteed cash after the season he had in 2013.
    As I mentioned in another thread he should be fielding calls starting today!

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    Re: Wagoner: Rams Benefit From Finnegan's Miami Deal

    Quote Originally Posted by Nick View Post
    I see a career for him post-football if he was able to get those terms and that kind of guaranteed cash after the season he had in 2013.
    Car Salesman?

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    Re: Wagoner: Rams Benefit From Finnegan's Miami Deal

    Quote Originally Posted by laram0 View Post
    Car Salesman?
    First test to check his potential. Sell a car to Andre Johnson
    Haste likes this.


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    Re: Wagoner: Rams Benefit From Finnegan's Miami Deal

    Quote Originally Posted by laram0 View Post
    Car Salesman?
    For Sale: 2006 Corvette Very fast, this is a car with ATTITUDE! It ran great when I bought it from the last owner in Tenessee but did not run well last year(it may be down a cylinder) I just need to get rid of this thing, it's taking up too much room in the garage note: car is sold to an old guy down in Florida

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