Originally Posted by Dutchrudder
Yep, that's correct. If cut in 2014, his caphit would go from 14.5m to 10.5m, and then 0 for 2015 and beyond. It's like the Demeco trade, where the team makes the move to take the dead money hit one year, but have zero liability in future years. It hurts, but it can be necessary at times.
What's a little $10.5 mil when you're likely to be already half way drowning.