Merman, Here are the numbers I have for Madison. I found an error in my numbers since my last post affecting Madison's 2005 bonus amount. So providing Madison doesn't slip too much more in production it does, as you stated, seem like he'll be here through 2005 unless we can eat the $1.2M it would cost to let him go before March 1, 2005. Of course, the other factor is the play of Howard and Poole and what we do with Surtain in terms of an extension.
2004
Bonus Formula- ($11,600,000/7)+($2,252,000/7)+($4,700,000/4)+$1,290,000
Bonus- $4,443,857
Salary- $660,000
Cap Number- $5,103,857
Cost to Cut Formula- ((11600000/7)*3)+((2252000/7)*4)+((4700000/4)*4)
Cost to Cut before 06/01/04- $10,958,286
Net- (-$5,854,429)
2005
Bonus Formula- ($11,600,000/7)+($2,252,000/7)+($4,700,000/4)
Bonus- $3,153,857
Salary- $3,420,000
Cap Number- $6,573,857
Cost to Cut Formula- ((11600000/7)*2)+((2252000/7)*3)+((4700000/4)*3)
Cost to Cut before 06/01/05- $7,804,429
Net- (-$1,230,572)
Cost to Cut after 06/01/05- $3,153,857
Net- $3,420,000
Dead Money 2006- $4,650,572