Phillip Wheeler Options- A Closer Look

[So Be]

http://overthecap.com/philip-wheeler-june-1-cut/

Here's a go read on Wheeler this year, and a VG explanation of cap options.

Here's a simplified version for next year.

We owe the cap $4.2M on his signing bonus, which he has received. If he is cut fore June, we take the hit and save $200K but, we can cut him after June 1 and save $3M but, take the $2.8M balance in 2016. No matter what, we will take that hit, just a matter of when.

Wheeler's salaries, with a $100K workout bonus, are $3M in 2015, and $5M each the next 2 years. That is what we save depending on when he is cut.

So, for example, we can cut him next year, take he full hit, save only $200K, and sign another player to a contract with a cheap first year and $5M the next two years to use Wheeler's saved salaries.

Or, we could cut him in June, have $3M on the cap, and defer the other $2.8M cap hit to 2016.

Depends o new player options and the need for cap space.

 

[hoops]

i don't see the hot poker in your eyes option which is the only one there should be

 

[Hayden Fox]

I would cut him post June 1 designation and use his money to sign the draft picks.

 

[Zounds]

With coaching and GM on a 1 year leash, you take the cap hit in 2015 and leave 2016 for a new regime if it comes to that. I dont want to defer anything to 2016. Cut him now and make a statement.

 

[J. David Wannyheimer]

I think I'd just cut him. Even though I agreed with him that if we didn't want the Packers to score on the last play of the game, we shouldn't have had Wheeler covering a guy with a pulse, that's still a complete loser's attitude.

 

[FearTheBeard]

Cutting him with the June 1st designation makes the most sense. We have a lot of cap space in 2015, not as much this offseason.

 

[So Be]

I think I'd just cut him. Even though I agreed with him that if we didn't want the Packers to score on the last play of the game, we shouldn't have had Wheeler covering a guy with a pulse, that's still a complete loser's attitude.

I believe we will do the same but, just a matter of when and our cap moves. It also depends on what the team thinks of other LB's, FA options, and the draft.

 

[datruth55]

I believe we will do the same but, just a matter of when and our cap moves. It also depends on what the team thinks of other LB's, FA options, and the draft.

Any idea on how much we are carrying over to next years cap? I want to say it's around $6 million?

 

[So Be]

Cutting him with the June 1st designation makes the most sense. We have a lot of cap space in 2015, not as much this offseason.

I tend to agree unless we do not need the cap space, where I would take the hit this year. Also, IF someone wanted to offer something in trade, we would have to take the $4.2M hit next year.

I'm on the Orlando Franklin bandwagon with ya. :)

 

[hoops]

philip wheeler and trade value= 0.0

 

[Djavelin]

Cutt his ass and move on.

 

[AL R]

I just really don't want to see him on this team next year, whatever it takes.

 

[spiketex]

Wheeler was one of Ireland's very worst decisions and the commitment to guarantee him so much for so long was burglary. The only positive in this was that maybe Wheeler and Ellerbe helped to make Mr Ross' decision to cut Ireland, easier. Rarely has a team spent so much on a pair of underperforming LBs. I look forward to the day when Wheeler gets cut.

 

[mnphinfan]

Just get rid of him no matter what. Plain and simple addition via subtraction.

 

[CO-Gator]

Trade him for a jugs machine or a box of jockstraps. That's about what his value would be.