Portis expected to be back

[Slingin Sammy 33]

Originally Posted by over the mountain

this is what i dont understand. CP is set to make over 10 mil / year for the next 3 years. if we cut him this year, his guaranteed money owed for the next 3 years will be absorbed in 2010 and he will not effect our cap past 2010.

the only downside is that dan snyder is going to have to pay a ton of money to CP this year for a player not even on our team. thats what i think gtripp was referring to i think. the benefit is CP's contract will be cleared off the books after 2010, when there will be a cap.

dont confuse CP still getting paid by dan snyder and CP's pay effecting the cap. there are two options as i see it:

1) cut CP in uncapped year, have all of his future guaranteed money paid in 2010 and he is off the books after that. sucks for dan snyder to have to pay all that money in 2010 to a player not on your team but maybe dan snyder and vinny shouldnt have restructured CPs contract so many times by converting future salary (unguarnateed) into future guaranteed money but atleast we added some cap space in '07, right.

2) dont cut CP, pay him over 10 mil for the next 3 years. this wouldnt be a problem this year with no cap but if the cap comes back in 2011 and 2012, do you really want to pay portis over 10 mil 2-3 years from now? with it counting against the cap? when you could have just taken a large hit to dan snyders pocket in the uncapped year and be done with it?

Based on the Warpath Cap Sheets, Portis is scheduled to make $ 10.1M in salary this year (I believe it's about 7.9M in salary and a roster bonus of $ 2.1M). If he's cut before the roster bonus is due, he would have been an $ 8.4M cap penalty. The net cap savings of cutting Portis would have been $ 1.7M.

In an uncapped year there are no cap penalties, so cutting Portis saves $ 10.1M of salary. As far as I know Portis was already paid all his signing bonus money and has nothing else guaranteed.

If I'm missing something, I'm sure one of our cap folks will let us know.