Originally Posted by Corrosion
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.
I'm really not arguing with you but this is a little funny. You said the exact thing I did and came up with the exact same number. His 17.5 million bonus was prorated over 5 years. That's 3.5 a year. He'll have 3 years left after this year. That is 10.5 owed. If we absorb his entire remaining prorated bonus in 2014 it's a 10.5 million cap hit. The only difference is you keep saying that his 2014 salary... isn't relevant to the cap. It IS relevant if he remains on the roster. If he remains on the roster the cap hit is 4 million higher than if he's cut. I call that "cap savings" and fail to see how that is wrong. Some players cap hit actually INCREASE if they are cut. I think Cushing's cap hit would go up by almost 13 million if cut next year.
There are only 3 cap situations with Schaub in the upcoming offseason:
14.5 million 2014 cap hit + 7.0 million prorated bonus due 2015+
10.5 million 2014 cap hit + 0.0 due in 2015+
Cut Schaub with June 1st
3.5 million 2014 cap hit + 7.0 million cap hit in 2015
I could sure be wrong Corrosion, but I read your posts and see the exact thing I've posted. I'm definitely not great at expressing myself but it looks clear to my cramped up brain.