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Originally Posted by Schneed10
Because the team's not taking the big cap hit for money not yet paid, the team is taking the cap hit for money already paid but not yet realized on the cap.
A player who gets a $20 million signing bonus up front in a 5 year contract has that bonus prorated per year of his contract. So the $20 million bonus counts $4 million per season. If he's due a base salary of $1 million as well, then his total cap number is $5 million.
But if a player plays one year of that contract and then retires, the team has to realize the other $16 million of the bonus money not yet counted on the cap. This outweighs the savings they realize on not having to pay his base salary.
You can see that the earlier in a contract a player is released, the bigger the cap hit.
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Gotcha. thanks for the explaination.
Quote:
Originally Posted by Schneed10
It's unlikely the players will agree to put a cap back in place once it's gone.
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do you really think thats true? no salary cap means no salary floor. While no salary cap might help a small handful of elite players, the vast majority of players would seem to be "screwed" by the lack of a salary floor.
in the end, the point may be moot. PFT's reported that talks are picking up and subcommittee's have been formed. I think there's a very good chance the CBA will actually be extended before it expires.