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Ok so been a lot of talk about Watson so took a look at his contract and the implications to Houston and Chicago if he was traded. First let's look at the cap situations.
The above assumes a salary cap of 176 million and the effective cap space assumes signing your rookie class and filling out a 51 man roster as in the offseason only the top 51 contracts count. Thus, the Bears are currently 10.7m above the 2021 cap and the Texans are 17.8 million above. So right off the bat, we have some cap issues to deal with.
Next let's look at his contract.
This is great news for the Bears as in 2021, Watson would only cost them 10.5 million in a trade because the signing bonus of 5.4 million would be charged to the Texans. That would put the Bears at about 21.2 million over the cap with no other moves. However, the bad news is if the Texans trade Watson, his signing bonus accelerates so he would add 5.7 million to the cap. Currently he counts 15.9 million against the cap and trading him would result in 21.6 million in dead cap (5.4 million x 4 years remaining). That would take Houston to 23.5 million over the cap. Going forward the Watson would cost the Bears 37m, 32m, 32m.
In short, the Texans would actually have to cut and restructure guys to make a trade work unless the cap is closer 195 million. In addition, they are unlikely to want to take on more salary or high priced vets so probably would be looking for draft picks rather than a combo of picks and players. In my next post. I will look at how the Texans and Bears can make this happen.
The above assumes a salary cap of 176 million and the effective cap space assumes signing your rookie class and filling out a 51 man roster as in the offseason only the top 51 contracts count. Thus, the Bears are currently 10.7m above the 2021 cap and the Texans are 17.8 million above. So right off the bat, we have some cap issues to deal with.
Next let's look at his contract.
Deshaun Watson Contract Details, Salary Cap Charges, Bonus Money, and Contract History | Over The Cap
Deshaun Watson contract and salary cap details, including signing bonus, guaranteed salary, dead money, roster bonuses, and contract history
overthecap.com
This is great news for the Bears as in 2021, Watson would only cost them 10.5 million in a trade because the signing bonus of 5.4 million would be charged to the Texans. That would put the Bears at about 21.2 million over the cap with no other moves. However, the bad news is if the Texans trade Watson, his signing bonus accelerates so he would add 5.7 million to the cap. Currently he counts 15.9 million against the cap and trading him would result in 21.6 million in dead cap (5.4 million x 4 years remaining). That would take Houston to 23.5 million over the cap. Going forward the Watson would cost the Bears 37m, 32m, 32m.
In short, the Texans would actually have to cut and restructure guys to make a trade work unless the cap is closer 195 million. In addition, they are unlikely to want to take on more salary or high priced vets so probably would be looking for draft picks rather than a combo of picks and players. In my next post. I will look at how the Texans and Bears can make this happen.