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By: Howard Balzer
<a class="postlink" href="http://howardbalzer.lockerdome.com/articles/108363479" onclick="window.open(this.href);return false;">http://howardbalzer.lockerdome.com/articles/108363479</a>
The four-year contract extension signed by Rams long snapper Jake McQuaide is essentially a minimum-salary deal that also includes a $500,000 signing bonus.
Entering the final year of the three-year deal he signed as an undrafted free agent in 2011, McQuaide was scheduled to be paid $555,000 this season, the minimum for a player with two accrued seasons. That remains his salary for 2013.
In subsequent years, his salary is $645,000 (league minimum) in 2014, $750,000 ($5,000 more than league minimum in 2015), $775,000 ($15,000 more than league minimum) in 2016 and $775,000 (league minimum) in 2017.
The value of the extension, including the signing bonus but not including the 2013 base salary is $3.445 million.
Prior to signing the extension, McQuaide counted $555,834 against the salary cap, with the $834 the prorated portion of his original $2,500 signing bonus. With the new bonus prorated over five years, his cap charge now for 2013 is $655,834.
The Rams are currently about $214,000 under the cap.
<a class="postlink" href="http://howardbalzer.lockerdome.com/articles/108363479" onclick="window.open(this.href);return false;">http://howardbalzer.lockerdome.com/articles/108363479</a>
The four-year contract extension signed by Rams long snapper Jake McQuaide is essentially a minimum-salary deal that also includes a $500,000 signing bonus.
Entering the final year of the three-year deal he signed as an undrafted free agent in 2011, McQuaide was scheduled to be paid $555,000 this season, the minimum for a player with two accrued seasons. That remains his salary for 2013.
In subsequent years, his salary is $645,000 (league minimum) in 2014, $750,000 ($5,000 more than league minimum in 2015), $775,000 ($15,000 more than league minimum) in 2016 and $775,000 (league minimum) in 2017.
The value of the extension, including the signing bonus but not including the 2013 base salary is $3.445 million.
Prior to signing the extension, McQuaide counted $555,834 against the salary cap, with the $834 the prorated portion of his original $2,500 signing bonus. With the new bonus prorated over five years, his cap charge now for 2013 is $655,834.
The Rams are currently about $214,000 under the cap.
