Originally Posted by Zordon
When they restructured his contract last season they converted 4.8M of his 2012 base salary into another signing bonus prorated over 3 years. 3.2M of that signing bonus remains plus 5.15M remaining from the original signing bonus. That's why his cost to cut him is 8.35M (5.15M+3.2M).
We can either designate him as a June 1st cut and split that 8.35M cap hit over two years or we can eat all in one year (highly unlikely given Jerry's aggressiveness in FA).
Yeah Newman was a June 1st cut. We'll have a 2M cap hit for him in 2013.
Is that how it works or is it that you still leave the proration for the previous league year and the accelerated amount is left for the following year.
If the latter is the case then because he $8.35m left over 4 years he only costs about $2m of proration this year and the remaining $6m goes to next. This jives with sportrac but they are often wrong.