Originally Posted by steelbtexan
I agree that cutting Walter and Smith to free up cap $$$$ is the way to go. .
The thing you have to consider when cutting these two is are you going to be able to replace them with equal or better players for the cap savings or less.
Walter's cap hit is 4.5m but the savings is just under 2m
and dead money of just over 2.5m
.... can you replace Walter for that cost ?! I dont know.
I think Walter stays even if they spend a premium draft pick on a WR.
Smith's cap number is 9m with a savings of 6m
with 3m in dead money
. Smith was easily the second best player on the DL last season .... Can you upgrade for 6m?
I think its more likely that they restructure Smith's deal and add a couple years at a reasonable price while converting much of this years salary to bonus money allowing them to spread it out over the duration of the contract and free up cap dollars for the short term as the cap is expected to increase significantly in 2014 and 15.