If JT retires what are his cap numbers?

Discussion in 'Salary Cap Forum' started by phinphever, Mar 6, 2008.

  1. phinphever

    phinphever Still Perfect

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    If JT retires what are his cap numbers?

    What kind of dead cap hit?
    what about the prorated signing bonus?
    How much will we save?

    JT is signed thru 2009

    2008 salary $ 7.5 mil
    prorated bonus $ 2.02 mil
    other bonuses $ 0.5 mil
    Total 2008 cap hit $ 10.02 mil

    If he retires will we only be responsible for the signing bonus?
    How does this work?

    I don't want him to retire, but if he does I want to know the info.
     
  2. DolfanDaveInATX

    DolfanDaveInATX A True Fan

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    If he retires before June 1, the remaining pro-ration is accelerated onto this year's salary cap. After June 1, it goes onto our 2009 cap. The base salary comes off our cap immediately in either case.

    I don't know if the "other" bonus is a roster bonus or an workout bonus -- what happens with that determines whether he meets the conditions to get it paid and if his contract includes enforceable clawback language. I know that teams can no longer go after signing bonuses once they've been paid, but I think they might be able to get back other types of bonuses?
     
  3. phinphever

    phinphever Still Perfect

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    So If I understand this corectly before june 1st will be about 10M - 4M = 6M free cap not counting other bonuses. After june 1st we save almost the whole 10M but take a 4M hit on next years cap. This is of course not counting any other bonuses.
     

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