Originally Posted by Texian
If you designate Schaub as a June 1 cut, you can move 50% of Schaub's $10 million in dead money to 2015 ($5 million). In addition cutting Schaub saves $4.125 mil in cap $$$. Therefore a June 1 cut would provide $9.125 million in additional cap $$$. Add that to the $8.628 available cap $$$ = $17.753 million $$$.
The Texans will have to allocate approx $5 million for IR replacements, LTBE's and Practice Squad. They will also need approx $2 million to complete the 53 man roster in September. That will leave approx $10 million to spend.
CAUTION: WORD OF WARNING - The more money you move to 2015 & beyond through June 1 cuts and restructured contracts makes it much more difficult to re-sign J.J. Watt.
That's why I suggest the Texans cut Schaub and trade Foster (if they can) and allocate all dead money to 2014 year. That would give the Texans almost $60 million in cap space in 2015 and more than enough $$$ to re-sign Watt.
FYI - You also need to take into account that 2014 draft pick 1.1 will count roughly $5 million against the Texans salary cap come September. So that really only leaves approx $5 million to spend.
If you use the June 1 designation, I don't think you can split the difference 50/50 like that. You take on this years pro-rated bonus for 2014 dead money. Remaining pro-rated bonus money for 2015 & 2016 go towards the 2015 cap as dead money.