I feel like every year we have to talk about June 1 cuts

[Sydla]

Who cares, that money covers the draft class and then some. You are worrying about something that doesn't need to be worried about.

The point was that people were saying we can use Cooks and Gallup, for example, to get back under the cap. And the numbers they were using were June 1 cap savings.

The problem is you can't use June 1 cap savings now to meet the cap threshold by the start of the league year. It was pretty clear in my post.

 

[CowboyoWales]

We got fleeced.

The logic behind trading him made sense. The return was bad, especially after what we saw other WRs traded for after him.

But EVERY GM could see from our CAP position that Amari was going to be sacrificed. Why would any team give up a (Tyreek Hill) haul, when they knew he was going to be available in a week. The Chiefs had options, no guarantee that Hill was on the market.

 

[Sydla]

But EVERY GM could see from our CAP position that Amari was going to be sacrificed. Why would any team give up a (Tyreek Hill) haul, when they knew he was going to be available in a week. The Chiefs had options, no guarantee that Hill was on the market.

There is a wide chasm between a Tyreek Hill haul and what we got for Cooper.

 

[CowboyoWales]

Reportedly, they can add a 3rd dummy year to Dak's existing contract AND spread out his current cap hit over this year plus the 3 dummy years.

So does that mean if we restructure Dak's salary into bonus then it's divided into 4 years (2024 and 3 dummy), but if he's released after 2024 the 3 void years contribute towards 2025 CAP?
Can we convert the whole $29m base salary....saving $22m (which happens to be the CAP deficit, ind draft capital)....restructure Diggs, Zack and Dlaw and we should have a couple of mill to spend.

 

[CowboyoWales]

There is a wide chasm between a Tyreek Hill haul and what we got for Cooper.

Indeed, but Tyreek wasn't necessarily on the market, unless the Dolphins blew the Chiefs away....EVERY team could figure out that our CAP position and the non-guarantees nature of Coops contract meant he was going to probably get cut.

 

[Creeper]

Just remember that post-June 1 cuts do not give any CAP relief until after June 1. But then free agency is over and what's left are usually the older players on the downside of their careers.

And also, The save you get in 2024, is matched by dead money in 2025. Gallup would bring about $6.5 MM in dead money in 2025. Cooks would be another $3 MM. The Cowboys have already god a lot of money pushed into 2025 for Dak, Zack Martin and Tyron. It adds up.

 

[xwalker]

So does that mean if we restructure Dak's salary into bonus then it's divided into 4 years (2024 and 3 dummy), but if he's released after 2024 the 3 void years contribute towards 2025 CAP?
Can we convert the whole $29m base salary....saving $22m (which happens to be the CAP deficit, ind draft capital)....restructure Diggs, Zack and Dlaw and we should have a couple of mill to spend.

Yes, if they can add the year without requiring approval from Dak's agent which is what was reported.

There is a 2024 roster bonus of 5M. If that has not been paid yet, then they might be able to add it to the 29M for a total of 34M.

I.e. That would be 8.5M per over the 4 years reducing the 2024 34M to 8.5M.

Obviously the other portion of the 2024 cap hit would remain (60M - 34M = 26M).

Total = 26M + 8.5M = 34.5M

Savings 60M - 34.5M = 25.5M

Those are approximate numbers based on my memory of his contract.

 

[DuncanIso]

The point was that people were saying we can use Cooks and Gallup, for example, to get back under the cap. And the numbers they were using were June 1 cap savings.

The problem is you can't use June 1 cap savings now to meet the cap threshold by the start of the league year. It was pretty clear in my post.

"A player can be cut as soon as the new league year begins in March and still be designated a June 1 cut, thus saving some cap space in the current year while pushing some of the hit into the following year. Teams are limited to the early (pre-June 1) designation of no more than two players per year as June 1 cuts."

As of today, our 2024 cap is Negative 21 Million. We have to be under this number by March 13.

Dak, Gallup, Cooks, and LVE are gonna get cut.

 

[CowboyoWales]

"A player can be cut as soon as the new league year begins in March and still be designated a June 1 cut, thus saving some cap space in the current year while pushing some of the hit into the following year. Teams are limited to the early (pre-June 1) designation of no more than two players per year as June 1 cuts."

As of today, our 2024 cap is Negative 21 Million. We have to be under this number by March 13.

Dak, Gallup, Cooks, and LVE are gonna get cut.

I think what's being said is that June-Cuts can be announced in March (official start of the season), however the CAP saving doesn't come off the books until June .... you still have to be under the CAP in March, so June Cuts don't resolve the present CAP deficit.

 

[DuncanIso]

Just remember that post-June 1 cuts do not give any CAP relief until after June 1. But then free agency is over and what's left are usually the older players on the downside of their careers.

And also, The save you get in 2024, is matched by dead money in 2025. Gallup would bring about $6.5 MM in dead money in 2025. Cooks would be another $3 MM. The Cowboys have already god a lot of money pushed into 2025 for Dak, Zack Martin and Tyron. It adds up.

I don't believe this is correct.

"A player can be cut as soon as the new league year begins in March and still be designated a June 1 cut, thus saving some cap space in the current year while pushing some of the hit into the following year. Teams are limited to the early (pre-June 1) designation of no more than two players per year as June 1 cuts."

It allows teams get out of bad contracts (Dak) and spread the hit over two seasons, instead of one.

Otherwise, we'd never be able to get under the cap.

 

[DuncanIso]

I think what's being said is that June-Cuts can be announced in March (official start of the season), however the CAP saving doesn't come off the books until June .... you still have to be under the CAP in March, so June Cuts don't resolve the present CAP deficit.

Then how are teams supposed to get under the cap?

 

[Jumbo075]

I've seen it in a few threads, talking about how we can cut Cooks and Gallup and save $8MM and $9.5MM in cap space.

That is true. As June 1 cuts. And yes, you can designate someone a June 1 cut at any time before June 1. But by rule, you still have to carry the cap hit of that June 1 cut until June 1 on your books. You only get the cap savings post June 1.

So, take Gallup and his $9.5MM June 1 cap savings. If you cut him say in March, you cannot use his $9.5MM in cap savings to 1) be cap compliant by the start of the league year (mid March) and you can't use that $9.5MM to sign other players now. You'd have to create space somewhere else and essentially recoup it post June 1.

Every team talks about June 1st cuts every year. It's just part of the discussion.

 

[CowboyoWales]

Then how are teams supposed to get under the cap?

If you cut, pre-June it comes off immediately, hence the number of players getting cut in February, just prior to the date of the start of the season in March.

 

[Coogiguy03]

Same as previous years with regards to June 1st...

Reportedly, they can add a 3rd dummy year to Dak's existing contract AND spread out his current cap hit over this year plus the 3 dummy years.

So when they extend him is this what they're doing, or are they giving him more money and adding the dummy years

 

[Sydla]

Indeed, but Tyreek wasn't necessarily on the market, unless the Dolphins blew the Chiefs away....EVERY team could figure out that our CAP position and the non-guarantees nature of Coops contract meant he was going to probably get cut.

We didn't have to trade him. We could have restructured him to save a bit.

Jerry misplayed this. He just did.

 

[Sydla]

Every team talks about June 1st cuts every year. It's just part of the discussion.

You missed the point of the post.

It's not about just talking about June 1 cuts. It's understanding how they work and how some fans here are wrong when they claim Cooks and Gallup's cuts can get us back under the cap citing their June 1 cap savings. They can't, at least by mid March.

 

[Einstein]

Doesn't make sense why not... if the contract signed doesn't go into effect until the new league year start officially.

 

[Sydla]

"A player can be cut as soon as the new league year begins in March and still be designated a June 1 cut, thus saving some cap space in the current year while pushing some of the hit into the following year. Teams are limited to the early (pre-June 1) designation of no more than two players per year as June 1 cuts."

As of today, our 2024 cap is Negative 21 Million. We have to be under this number by March 13.

Dak, Gallup, Cooks, and LVE are gonna get cut.

In order to use Gallup and Cooks to try to get cap compliant by March 13, you'd have to make them regular cuts which only saves $4.8MM total in cap space.

June 1 cuts, even early designated June 1 cuts, do not result in immediate cap relief. If you make Gallup a June 1 cut on March 12th, you have to carry his FULL CAP HIT until June 1. Then, you get the $8MM in cap relief. Dak is no help in getting under the March 13 cap threshold as a cut. He actually costs you $2.4MM in additional cap space.

Read this from Over the Cap:

That being said there is a catch to this rule and this is often overlooked. The team has to carry a player at his full salary cap charge until June 1st even though he has been released from his contract. So the dead money split does not occur in March. It does not help the team create cap room for free agents. It simply gives the team more cap room to use during the rookie signing period and to function when cap accounting expands from 51 players in the offseason to the full roster during the season.

https://overthecap.com/explaining-the-post-june-1-designation#google_vignette

 

[Sydla]

Doesn't make sense why not... if the contract signed doesn't go into effect until the new league year start officially.

What doesn't make sense?

 

[KingintheNorth]

Some things to remember...

Gallup's contract extension was a direct result of the criticism the Jones were getting for completely mishandling the Amari Cooper situation. They tend to hold onto these players because moving on quickly means everyone was (once again) right and the Jones were (as always) wrong.

Cutting or trading Gallup before June 1 frees up an additional $800k, but with them currently being well over the cap, they may be looking for any cap savings they can find. However, I'm sure they value the potential contributions of Michael Gallup over $800k in cap room. If they did move him before June 1, he's completely off the books before the 2025 season.

Cutting or trading him after June 1st saves $9M in cap room but fans seem to always forget that is cap room you can't use until June 1, close to 3 months after free agency begins. Hardly an "All In" mentality. The June 1st maneuver also means Gallup is still on the cap for $8.7M in 2025. This is normal operating procedure for the Jones’, but I'd rather rip off the band aid. Why go into 2025 still dealing with 2023 issues?

I would try to trade Gallup to a team like Chicago, Carolina, or Tennessee that either have a ton of cap room and/or issues attracting free agents.

Maybe you include him in a package to get Derrick Brown or you trade a problem for a problem, like the Kelvin Joseph for Noah Inbinoghene deal last year.