Not exactly. We save $5million by cutting David... no trade, no renegotiation, just flat out cut him.
He is scheduled to make something like $5.5million this year, it may be $5.75 million. Then $6million next year. Then you add in the $2million prorated bonus that we have to pay him in the next few days I think(It's $4million spread over the next two years.) and his cap hit will be $7.5million(or $7.75million) in '07, and $8million in '08.
If David is not on this team... whether we trade him, or cut him, we don't have to pay him his salary, and it does not go against the cap. We save money to let him go.
If you sign a Jake Plummer, an expected starter, you're going to have to pay him $5million. I'm thinking something like a $6million contract over 3 years, with a salary of $3million in '07, $4 million in 08, and $6million in 09. His '07 cap hit would be $5million(basically the same money you'd have paid David), his cap hit in '08 will be $6million(again, this is money we already had alotted for a QB, it's the same as David's salary would have been, had we kept him), and h is hit in '09 would be $8 million.
Now, if you think we are spending more money, or taking a bigger cap hit than we would if we kept David, we're not. in '07, our Cap hit for the QB position will be $7.5(or $7.75) million dollars. With Jake, (and my numbers) it will be $7million, we still save $0.5million, or $0.75million to sign Plummer.
In '08, our cap hit with David would be $8 million with Plummer, it will be $8million.
In '09, we don't know what our cap hit will be for the QB position. David's contract doesn't go out that far, and IF we signed Plummer to my deal, it would be $8million, the same as it was for '08. But we might have to throw in a $4 million roster bonus to get Jake to agree, that would make it a $22 million contract, but only $6 million guaranteed. For Jake, I wouldn't go over $6 million guaranteed(well, I wouldn't even go there, but if the Texans do something like that, I wouldn't be too upset.)
THat would be a pretty lucrative contract..... $22million over 3 years.... but only $6 million Guaranteed.
But the bottom line, we save money if David is not a Texan in '07.