Quote:
Originally Posted by Schneed10
The first post in this thread has been updated to reflect the release of WR Brandon Lloyd. His release causes a cap hit of $2.9 million this year, but clearing him off the 2009 books completely, under the assumption that his release was designated a pre-June 1 move.
We're still looking for confirmation that he was indeed a pre-June 1 release. If we hear otherwise, we will update the numbers again.
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From:
washingtonpost.com
"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.