Originally Posted by Exascor
Hehe - actually you agreed with my post but your numbers are off. His salary does matter if he isn't released. Hence the 14.5 cap hit. If he is released, the remainder of his bonus is due which is 10.5. That means there's a 4 million cap savings if he's cut vs if he's on the roster.
I wouldn't designate Schaub a June 1st cut. All that does is push 7.5 million to 2015 when a certain Mr Watt will be getting a new contract. I'd absorb the 10.5 in 2014.
You got the numbers close but how you got there was all wrong
.... guaranteed $$ , that's all that matters. Throw the rest out the window. It doesn't matter.
I'm sure we've all heard the numbers several dozen times over the past month , but how we arrive at those numbers is easily misunderstood because everyone tells us something different. I hear the radio personalities making the same mistakes ....
I looked up Schaubs contract on Sportrac
- its 5 years , $ $66.15m with $17.5m in up front signing bonus money and $29.15m in total guaranteed money.
He's been paid $11.7m & $7.25m over the first two years including salary and signing bonus money that has affected the cap leaving a total of $11.5m in guaranteed $$ which would affect the cap should he be cut.
There was a miscellaneous payment to Schaub in 2012 of $3.05m I didn't add into the above as it just doesn't add up correctly.
Some of that affects the final cap number , some doesn't. According to Sportracs calculations only $1m of that comes off the remaining total leaving him $10.5m in total cap ramifications. The remaining is likely roster and incentive money.
As for designating Schaub a June1 cut or not , I'm kinda torn here and a lot depends upon what you believe you can accomplish in the 2014 season as well as who else you part with. There are several I'd cut who total about a 21m savings against the cap without factoring in Schaub. (J.Jo , Ed Reed & OD).
Do you want the extra money this season or next to play with in FA?? It could be better spent this season depending upon the quality you are able to get.