How much if any money did we really save on the UFA year we bought by signing him to 11.7M now as opposed to bridging him? That's usually the purpose of locking a guy up early during his second contract, right? Sign him for slightly more now to save a little in those UFA years you bought out? (i.e., Security for savings).
A bridge deal would/should have been what 9-10M over 3 or 4 years given our leverage? So let's say 40M on the high end, then he hypothetically comands 14M as a UFA. So if you resign him that would have been 54M over those 5 years (the bridge + the first year of his UFA contract).
Instead we signed him to 58.17M over those five years. So we gave him all the benefits of an extension (security) without the any of the savings in exchange for ourselves.
This deal would be palatable financially as a 6-year deal. A six year deal I think brings it to 69.8 over six, which would equal the bridge scenario by that point (10M x 4 bridge + 28M first two years of UFA = 68M).
I can see what Burke is talking about now. This deal makes no sense from a financial perspective for this team.