Re: Lets make a deal
Cap Situation:
Scenario 1: If Coles is on our team in 2005, his cap hit in 2005 will be 3.357 million.
Scenario 2: If Coles is cut or traded (makes no difference which) before March 1, and he doesn't give back any of his bonus, his cap hit in 2005 will be 9.28 million.
Scenario 3: If Coles is cut or traded (makes no difference which) before March 1, and he gives back $5 million of his bonus, his cap hit in 2005 will be 4.285 million.
And if he is cut or traded before March 1, he will be totally cleared from our cap in 2006 and beyond.
I'm with Matty, I'd be happy with scenario 3, damage is minimal. I'm a realist, not many teams are in cap shape to take on a guy like Coles. The Cowboys are, but if we are talking a trade, there's no way we're sending him there. I think Coles is worth a first rounder as a player, he had 2 straight 1200 yard seasons, and last year he had 90 catches. He works hard and keeps a low profile during the season. Even though he's worth a lot talent-wise, I'd be surprised if we can get more than a 2nd rounder. A 3rd rounder is more realistic. But to tell you the truth, in today's NFL, we should be happy with just not getting hosed by a major cap hit. That is if you want to be a realist.
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