CBBI
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Interesting. Didn't look at OTC, looked at Spotrac. They wrote Higgins' salary differently on the cap analysis. After a deeper dig, OTC has the more accurate numbers.
Cleveland Browns 2022 Salary Cap
Cleveland Browns 2022 salary cap, contracts, cap figures, salaries, free agents, and transactions, including bonus breakdowns, team payrolls and more.www.spotrac.com
Appreciate the check!
I learned something new about this whole thing as well.
Higgins is taking up less money on the Browns cap sheet in 2021 than Hodge, despite getting paid more in actual cash. Spotrac's numbers are correct and here's why.
Much like the NBA, the NFL incentivizes teams to sign veteran players over younger (and less expensive) players by charging less on the team's salary cap even though the player is getting more actual cash in hand than the minimum.
In Higgins' case specifically, he was eligible for the Four-year qualifying contract.
Four-year qualifying contract: Another type of veteran salary benefit, it can be offered to a player with at least four credited seasons whose contract with a team has expired after being on said team for four or more consecutive, uninterrupted league years prior to his contract expiring. Such a player must have been on the team’s 90-man active/inactive list for said seasons (and every regular-season and postseason game). Teams can sign a maximum of two eligible players to this type of salary benefit.
A qualifying contract under this benefit is a one-year deal with a base salary of up to $1.25 million more (set to increase in 2022) than the minimum base salary for said player. However, if a team does sign two players to a qualifying contract, it can only give a combined $1.25 million in additional base salary between the two deals. Under such agreements, only the applicable minimum base salary (not the $1.25 million benefit) is charged against the salary cap.
So because Higgins had played with the same team for 4 years, but was out of contract as an unrestricted free agent, the Browns could pay him 1.25M more than their actual salary cap sheet would be charged, which is exactly what they did.
Higgins signed a 1-year deal worth $2,377,500. But the Browns cap hit is actually only $1,127,500 because Higgins was eligible for the veteran salary benefit.