They're both saying pretty much the same thing.
Some players had bonuses for a winning 2005 season in their contracts. Since we had finished 4-12 in 2004, these bonuses were considered Not-Likely-To-Be-Earned (NLTBE) incentives and were not counted on the 2005 cap. Since we finished 9-7, those bonuses kicked in and were brought forward as a negative adjustment on our 2006 cap.
Additionally, since we're coming off a 9-7 2005, any player with a similar bonus this year would have it considered Likely-To-Be-Earned (LTBE) and have it count against the cap as well. However, that would be because it was added to their salary.
Unadjusted Leaguewide Cap Limit ($95 mill.)
- previous year's NLTBE incentives that were met ($9+ mill.)
+ previous year's LTBE incentives that were missed ($?)
Adjusted Cap Limit ($85-86 million)
This is a reduction in the amount of cap money we're allowed to spend. This is not cap relief.