Bengals Can't Afford To Trade Chad Johnson
The Bengals would take an estimated $8 million hit on their salary cap in 2008 if they trade or release Chad Johnson, a move the seven-year veteran wide receiver repeatedly has implied he wants.
Trading or terminating Johnson's contract would cost the Bengals some $8.03 million in salary cap space this year, according to figures obtained Tuesday by The Enquirer.
In other words, if Johnson is not with the Bengals in 2008, the club would have $8 million in dead money against the salary cap of $116 million because of the acceleration of bonus money already paid to Johnson. The Bengals cannot get that money back from Johnson and must account for it toward the cap.
Simply put: The Bengals can't afford to part ways with Johnson.
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What should the Bengals do about Chad?
If Johnson were traded or released, he would forfeit his 2008 Bengals salary of $3.25 million. Players are paid in 17 weekly game checks during the regular season.
If he were to choose not to report for the team's offseason strength and conditioning program, which usually starts the first week of April, Johnson also would forego a $250,000 work-out bonus.
Since early January, Johnson has used the national radio media and NFL Network to publicize his unhappiness with the Bengals. On Sunday, ESPN .com, citing an unnamed source, reported Johnson would sit out the 2008 season rather than play for the Bengals. Drew Rosenhaus, Johnson's agent, told The Enquirer that Johnson would be playing football in 2008, but he stopped short of saying his client would be playing for the Bengals.
Though Johnson has just completed his seventh NFL season - during which he has earned five Pro Bowl berths and become the leading receiver in franchise history - he has received three contracts. The Bengals twice have reworked and extended existing contracts.
Besides the four-year contract Johnson signed as a rookie in 2001, he signed a seven-year deal from the Bengals in November 2003 and, essentially, a six-year contract from the club in April 2006.
The Bengals still are absorbing up-front bonus money on the salary cap that had been paid to Johnson on his last two contracts; he received an estimated $10.5 million in bonuses when he signed in 2003 and another $10.25 million with the 2006 contract.
For the 2006 season, Johnson was the sixth-highest paid wide receiver in the NFL with a total compensation of $6,769,801. The list was released by the NFL Players Association in its annual designation of franchise and transition tag numbers in free agency. Randy Moss, Torry Holt, Andre Johnson, Rod Smith and Laveranues Coles were paid more than Johnson at that time, and Johnson was ahead of Terrell Owens, Marvin Harrison, Amani Toomer and Larry Fitzgerald, according to the NFLPA.
In the past two seasons, the first two of his latest contract, Johnson was paid almost $16 million in salary and bonuses by the Bengals.
The Bengals hold the option for the final year of the contract in 2011. If the club chooses not to exercise that option, it must make a non-exercise payment of $3.5 million to Johnson.
Johnson in 2007 set a single-season Bengals franchise receiving record with 1,440 yards. He is the franchise's all-time leader in receptions (559) and receiving yards (8,365). His 93 catches in 2007 marked his fourth career 90-catch season. He has at least one catch in 92 consecutive games, one short of Carl Pickens' team-record streak of 93 games.
Johnson had five 100-yard receiving games in 2007, tying the team record he already shares, and has extended to 26 his Bengals career record for 100-yard receiving games. His 209 receiving yards on Sept. 16 at Cleveland set the AFC high for the 2007 season.
On Monday, Johnson, a first alternate to the Pro Bowl, was selected to replace New England wide receiver Randy Moss, who withdrew because of injury, on the AFC squad.
seems to me like the Bengals are pressuring him for some money back... he might restructure, butI'm sure the Bengals want to trade him without taking the cap hit.... remember Moss restructured to allow the Raiders to trade him to the Patriots,otherwise the cap hit would have been prohibitive.
I can see him sitting out for a while like Corey Dillon did in Cincy if he doesn't get traded though......