chrishcovga Posted June 28, 2004 Report Share Posted June 28, 2004 Houston Texans DE/OLB Jason Babin became the first of the 2004 1st round draft picks to sign a contract yesterday. Babin selected 27th overall became the second Houston Texand first rounder to sign before the other 31 teams in the last 3 drafts. The other of course was David Carr.Babin was drafted just one spot after Cincinnati's Chris Perry' rb, Michigan - Hopefully this bodes well for signing him and bringing him into camp on time.here's the link.http://www.nflfans.com/draft/article.php?s...004062707543447 Quote Link to comment Share on other sites More sharing options...
schweinhart Posted June 29, 2004 Report Share Posted June 29, 2004 Wonder what Babin got?If Perry winds up with much more than $950k for a 2004 cap hit, it could mean only 10 and maybe only 9 Bengals picks and CFAs can be signed.The same # selections last year as the Bengals had this year had a cap total of $193,245 less than the $4.6 mil rookie pool. With the $5k rookie minimum increase, that's going to leave just $140k or so above last year's money to spread across for rookies this year. Quote Link to comment Share on other sites More sharing options...
schweinhart Posted June 30, 2004 Report Share Posted June 30, 2004 Tank Johnson #47 signsPastabelly"Complete financial details of the contract were not immediately available, but ESPN.com has learned that agents Brian Mackler and Bill Heck negotiated a $1.725 million signing bonus on a deal thought to include a healthy increase over the commensurate second-round slot from the 2003 draft."The amount is likely overblown as far as a cap hit. Last year's 47 had a $1.32 mil bonus but the contract was over 4 years -- not 5 like Johnson, whose cap hit for 2004 should be only $20k more at $575k than last year's 47.That bodes well for Ratliff at 49. Last year's 49 was a $533k 2003 cap hit. Quote Link to comment Share on other sites More sharing options...
schweinhart Posted July 7, 2004 Report Share Posted July 7, 2004 The Babin #'s turned out good w/ a 2004 cap hit just $50k more than #27 in 2003 thanks to a 2-tiered signing bonus that splits 2/3 of it in 2004 over 6 years and 1/3 in 2005 over 5 years.What that means is that if Perry is signed at #26 w/ a 2-tiered bonus, his cap hit should be between $50k and $65k more than #26 in 2003. Between Perry and Ratliff, about $70k more of a 2004 cap hit would affect the rookie pool for draft picks and CFA's.W/o the 2-tiered signing bonus, the Perry cap hit would be about $100k more than the 2003 #26 based upon a 6-year contract, which would leave about $70k in increases to spread over the picks past Perry and Ratliff, who is projected at $20k more based on Tank Johnson's contract. In other words, w/o the 2-tiered signing bonus, only 9 or 10 rookie could be signed. With it, 10 or 11.Since no more than 7 rookies should be on the 53-man roster anyways, I am finished w/ this GD subject. Quote Link to comment Share on other sites More sharing options...
bengalsfan33 Posted July 8, 2004 Report Share Posted July 8, 2004 I've heard that Perry could be signing in the next 2 weeks. Quote Link to comment Share on other sites More sharing options...
chrishcovga Posted July 8, 2004 Author Report Share Posted July 8, 2004 According to the UN-official (official) Bengals fan website Bengals.com which doesn't hold a candle to the OFFICIAL (unofficial) Bengals fan website Bengalszone.com, - Cincinnati has waited till the last minute to address the signings of it's eleven draft picks.Nothing says preparedness like doing things last minute ! Quote Link to comment Share on other sites More sharing options...
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