xwalker
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Precisely my point.
I knew that was what you meant all along, but its confusing when you say dead money gets offset because that makes it sound like the dead money goes away. It doesn't; it remains on the books. The only things that goes away is base salary, which offsets the overall cap number (base + bonus) that would have charged had the player not been cut.
OK. If other people didn't understand my original post, then hopefully they do now after reviewing our discussion.