Peter King on The Skins - Future Cap Trouble

[Schneed10]

Originally Posted by Bill B

Schneed - thanks for the update.

One question here though - I heard on the radio that Brandon Llyod's 2008 roster bonus of $1.5 million is due on March 1, 2008. I know that cutting Llyod post June 1st will spread the cap hit over 2 seasons instead of taking the entire $7.1 million all in 2008. My question is if you are going to cut the guy is the cap spread more important than giving him $1.5 million? I know the Danny is rich, but if you are going to cut him anyway that is a lot of money to just give to a guy who will be gone anyway. Why not just take your lumps and get it all overwith like they did with Arch Deluxe?

Given the choice between the two, I would be a proponent of sending him packing before March 1, and biting the bullet on his cap hit. This would avoid the $1.5 million bonus payment you're referring to. When you think about it, if the Skins spread Lloyd's dead money over two seasons, they'll just end up restructuring fewer players in '08. If they take the entire hit in 2008, they will be forced to restructure more guys in '08. So you might as well just get him off the books.

But the ideal situation would be to find a taker for Lloyd, kind of like we did with Arch. With Arch, we convinced the Bears to take a $5 million bonus off our hands, which significantly dropped the cap hit we needed to take.

Of course at this point it may be tough to convince a team that Lloyd is worth giving a $1.5 million signing bonus to, but hopefully somebody sees him as an under-utilized non-bum.