Wrong wrong wrong.
Originally Posted by Exascor
I'm no cap due either so maybe someone that is better can help here. Pretty sure I'm correct though. Example -
Schaub is due in 2014:
1,000,000 roster bonus
3,500,000 prorated bonus
Total 2014 cap hit if on the roster - 14,500,000
Dead money if Schaub is cut:
Cap saving if cut:
14,500,000 (cap hit) - 10,500,000 (dead money) = 4,000,000
Schaubs actual salary has nothing to do with his cap hit should he be cut.
The guaranteed $$$ is all that counts against the cap
if you cut him. Any money that isn't guaranteed is no longer owed / counted against the cap.
Schaub's deal was $62m over 4 years with $24.75 guaranteed. They will be on the hook for whatever hasn't been paid of that $24.75m which is reportedly about $15m.
You can throw out the salary & roster bonus completely as its only paid if he is on the roster.
Should they cut him and designate him as a June 1 cut , they can spread that over the remaining $15m in guaranteed money over the next two seasons.