So Be
Active Roster
- Joined
- Jul 2, 2006
- Messages
- 16,572
- Reaction score
- 2,216
http://overthecap.com/philip-wheeler-june-1-cut/
Here's a VG read from Jason at over the cap, It was written before the June 1 cap cut but, the numbers still apply. Wheeler's $5M salary this year is guaranteed, as is his signing bonus, prorated at $1.4M a year. So, keeping him this year costs $6.4M, and cutting him costs $6.4M plus the other 3 years of the signing bonus (($4.2M), giving a total of $10.6M.
This would wipe out our saved cap space, and we still have to pay someone to take his roster spot. How can we possibly do this?
Next year, we save $200 bucks, and things are much easier to deal with.
In addition, his salary drops next year from $5M to $2.9M.
Here's a VG read from Jason at over the cap, It was written before the June 1 cap cut but, the numbers still apply. Wheeler's $5M salary this year is guaranteed, as is his signing bonus, prorated at $1.4M a year. So, keeping him this year costs $6.4M, and cutting him costs $6.4M plus the other 3 years of the signing bonus (($4.2M), giving a total of $10.6M.
This would wipe out our saved cap space, and we still have to pay someone to take his roster spot. How can we possibly do this?
Next year, we save $200 bucks, and things are much easier to deal with.
In addition, his salary drops next year from $5M to $2.9M.