Adam Caplan was just on 790 discussing the trade and one thing he mentioned was Demeco's restructure from last year. He said that he emailed a guy to get a copy of his contract and that Ryans converted 5 million of his salary to signing bonus in 2011 just after the lockout to help the team with capspace. So that would leave 4 million in restructure money on his contract that hits the Texans' cap this year, plus the remainder of his original signing bonus which is 4.5 million according to sporttrac. That's at least an 8.5 million dollar cap hit this year for trading him.
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One other thing to consider is that the new TV contracts money won't kick in until 2014, so next year's cap could easily be ~121 million if there is no significant growth. Any extra room will help, but they might be bracing for another miniscule cap raise next year.
Quick response: WOW - very interesting. THIS is something people HAVE to understand when we restructure contracts. Everybody talks about "restructure, restructure, restructure"... but they fail to realized we're going to be paying for that in the future. I understand why we did last year, b/c we NEEDED Joseph and Manning. But if we keep restructuring deals we'll be in cap hell in the future moreso than we are now.
So his "revised" cap hits (PRE-TRADE) for the following years would likely be:
2012: $8.4M ($5.9M salary + $1.5M orig. bonus + $1M restructured bonus)
2013: $9.1M ($6.6M salary + $1.5M orig. bonus + $1M restructured bonus)
2014: $9.3M ($6.8M salary + $1.5M orig. bonus + $1M restructured bonus)
2015: $7.8M ($6.8M salary + $0 orig. bonus? + $1M restructured bonus)
POST-TRADE:
2012: $8.5M ($0 salary + $4.5M orig. bonus + $4M restructured bonus)
2013: $0
2014: $0
2015: $0
The net effect will be an extra $100K this year against the cap + adding a LB as depth. But we save $26.2M against the cap over the next 3 years. If we had waited and let him play this season then just flat out release him next year, we'd have a $6M cap hit for 2013.... instead we'll have $0.
On to my thoughts: It hurts. It hurts. It hurts. Demeco is THE quintesential player you want on your team. He's a leader, high character, class act, model citizen, great teammate, hard work and great player. BUT I completely understand why we had to do this.
For all the people bitching about Smith and Olsen effing up our cap situation.... this type of move (while a hard one) has to be made to keep us out of cap hell in the future. It sucks, but it's a business and this was in the best interest of the team. I truly believe that. Demeco was simply being paid more than we could afford to pay him. He's been often injured and plays limited snaps. Nobody should discount what we're going to be losing in the locker room (he was a fan and TEAM favorite)... but it's a move that had to be made.
EDIT - About the trade value. I sure wish we could have got more, but I'm fine with the value we got. The total value is probably about a late 3rd round pick. I think the Eagles got a GREAT deal but this benefits us too. So I think its a win-win for both teams. I think we can have another LB in there for better value (although much leadership is lost) and we get a draft pick that could be put to good use. Next offseason we likely would have had to cut him AND take the cap ramifications that year while trying to re-sign Schaub, Brown, Barwin, etc. I think this was a business savvy move and the Texans will be better in the long run for it.