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Old 09-23-2013   #176
Lucky
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Default Re: This is an 8-8 or worse Texan team

Quote:
Originally Posted by thunderkyss View Post
Sport trac is linking this page there's no dead money, no cap hit for cutting Matt before the 2014 season.
Texans would "save" $4 million versus the cap if they cut Schaub next offseason. But, they would still be on the hook for $10.5 million in bonus allocation, or dead money.

If Schaub on 2014 roster - $10 million salary + $1 million game bonuses + $3.5 million signing bonus allocation = $14.5 million cap hit

If Schaub is not on 2014 roster - Remaining signing bonus allocation (3 years x $3.5 million) = $10.5 million

Net Cap Savings by cutting Schaub after 2013 season = $14.5 million - $10.5 million = $4 million
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