Andrew Brandt

And the reason he flew out to Baltimore, you know, other than to celebrate, this was something that had to be looked at.

The pure cap restructure is a paper transaction.

If a restructure includes a pay cut, then you're having a different discussion, and I've done a lot of both.

When you're going to a player for a restructure that has no cash impact, and this is what people don't understand, cash and cap, they're very different things.

If the cash is the same, you're just trying to move around cap.

Players will usually do that.

Sometimes they may hold you up for, hey, if I'm going to do this for you,

kind of get better payment terms.

So if you're converting a salary of $10 million to bonus so you can prorate it out, the player agent may say, hey, instead of paying that through the season, can we get some of that now in March?

So cash flow usually can be an issue.

But I've never had, you know, I never think a player would say I'm not going to do a paper transaction.

But if you're talking about a pay cut, that's a deeper discussion.

Yeah, I mean, it's each organization has to decide it.

And sometimes they talk about windows and, you know, eagles in a window of a dominant team and pushing out with all these voids.

And voids are just like creating these dummy years at the end of the contract so you can prorate further out.

In other words, you can load more cash now and push out cap and

It always comes back to bite you.

You know, the feeling is the cap's going to be going up, so you can take push-outs now.

I just looked at it on a cash perspective.

I was with a team without an owner.