Originally Posted by xwalker
Yes, the numbers reflect a June 1st cut or a "designated" June 1st cut. The team is allowed to cut a player prior to June 1st but designate him as a June 1st cut in regards to the salary cap.
Terence Newman was a designated June 1st cut last year.
So we would owe 8.3 mil to the cap gods, which we might decide to spread over two years.
Really the money we owe him next year is only his seven mil salary. The rest of that cap hit is from his two signing bonuses, both of which have already been paid. So the way that source words it is a little misleading, IMO. Going forward it only costs 7 mil to keep him for 2012 and 8.3 to cut him (though the dead money hit can be spread out.)