Cap Sheets Update 8/4/05

[CrazyCanuck]

Originally Posted by Redskins8588

I have a question if anyone can help. On the release fees page of the cap sheets, I am going to use Cory Raymer for my example. If you look at his release fee, which is $267,000.00 and then look at his cap hit which is $1,108,000.00. Now if the Redskins were to release Raymer tomorrow would we get the difference, $841,000.00, added on to our current salary cap? So, basicly would we be saving ourselves $841,000.00?

Yes exactly, well almost.

- If it was before June 1st, 2005 you would be exactly right. We would save $1,108,000 but incur a 2005 deadcap charge of $267,000, for a net savings of $841,000.

- However since it is past June 1st, the deadcap charge gets spread between 2005 and 2006. The 2005 portion of signing bonus (ie $133,000) would go on our 2005 deadcap. The remaining signing bonus ($133,000) would go on our 2006 deadcap. So for 2005 we would have a net savings of $974,000.