His signing bonus was $15.5m and his base salary is $1.7m over the 4 years ($405, $495, $585, $675) which was all guaranteed. He also has a roster bonus of $845k in 2014, $1.69m in 2015, and $2.53m in 2016 which a new team would eat.
So if Miami traded him before the end of camp my understanding is the hit for this year would be $10m correct (the remainder of his bonus for the next three years)? My mistake earlier was adding in his roster bonuses which the other team would have to eat as those aren't guaranteed.
http://www.spotrac.com/nfl/miami-dolphins/dion-jordan/
If that is the case Miami takes a $10m hit, but saves a little over $5m. I don’t know, not sure I like that, would rather see the guys on the field to see what he can do…Heck he can’t be any worse at setting the edge than Vernon was last year.
We were talking about Wallace, not Jordan.
You numbers for Jordan are off too. He had a $13.3 million signing bonus, not $15.5 million, and his base salary would not be factored into any cap hit for us if he were traded.
His roster bonus would be a cap hit for us if we pay it before he is traded. That site reported that his roster bonus is due when training camp starts, but roster bonuses are paid when the new league year begins on March 11th - which is a big reason we see so many cuts leading up to that deadline. I think that site thought it was a workout bonus, which is paid during OTAs, when actually it is a roster bonus.