Quote:
Originally Posted by BigSKINBauer
Can someone explain the cap implications if a) He is unable to play and retires. b) We cut him.
I understand he has $71MM guaranteed for injury. Does this all go against our CAP?
Are we just in a hole if he has to sit out the better part of next year?
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OK I think I have some answers. I'm halfway making this up so please correct me and fill in the gaps....
Looking at his contract:
https://www.spotrac.com/nfl/washingt...ex-smith-3337/
Alex Has 55MM totally guaranteed and $71MM guaranteed for injury.
- The 55 comprises of his 5 years of signing bonus(5.4MMx5=27MM) and his 2018 and 2019 base salaries (13MM+15MM)
We owe him the 2019 Salary and the remaining signing bonus no matter what. However if he is injured and unable to play we will also owe him his 2020 base salary of $16MM.
So in the case:
- He cannot play-- we will owe him 20.4MM next year 21.4MM in 2020 and 5.4 in 2021 and 2022.
- He can play and we want to cut him-- We can save $16MM of the above in 2020.
All numbers above are cap implications, rather then when he actually receives the money. Thats all we should care about.
I hope he can recover. Good for him that he negotiated a good contract that will compensate him an additional $16MM for a horrible scenario. However, the unable to play bar is very high. If he gets cleared for 2020 (which I suspect he will)- he is not guaranteed that amount.