Quote:
Originally Posted by CrazyCanuck  From: washingtonpost.com - nation, world, technology and Washington area news and headlines
"His release, long anticipated, does not save Washington any immediate salary cap space, with the free agency and trade period beginning at 12:01 a.m. Friday, but will create additional room this June. Lloyd, who could not be reached to comment, was designated a June 1 cut for salary cap purposes, executive vice president Vinny Cerrato said, which means his salary cap figure of $4.2 million will drop to $1.8 million on June 1. (Lloyd will count $5.5 million in dead cap space in 2009.) "
- So Lloyd will stay on the books at $4.238M until June 1. On June 1 his 2008 cap hit will go down to $1.833M of deadcap. He will cost us $5.333M of deadcap in 2009. |
Thanks CC.
The top post in this thread has been updated to reflect Brandon Lloyd's status as a Post-June 1 cut. Thus, our current status reverts back to the $1.4 million of room we were previously reporting. Cap space for Brandon Lloyd will be realized on June 1 in the amount of $2.4 million.
We'll carry him on our 2009 books, at $5.3 million of deadcap space as CC mentioned.