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Re: WP: Redskins Targeting London Fletcher, Nate Clements
My bad, I missed this discussion on Archuleta and the cap.
GTripp is right, Archuleta is currently on the books for $2.4 million in 2007. If we cut him as a prior-to-June 1 cut, we'd eat $9 million in deadcap space in 2007. That $9 million represents an incremental cap hit of $6.6 million above his current 2007 figure of $2.4 million.
BUT... Matty is right. If we want to cut Arch, there is a way. Cut him as a post-June 1 cut, and we'll reduce his cap figure from $2.4 million down to $1.8 million in 2007, creating $600K in space this year. The downside to that is we'd have to eat $7.1 million in deadcap space in 2008, which represents $3.3 million more than the $3.8 million he's on the books for in 2008. The team could easily restructure other contracts in 2008 to make that work.
I think Archuleta is as good as gone before this season comes. The dollars just make cents (nyuk nyuk nyuk).
JDALY, your numbers are off because you're counting Archuleta's upcoming $5 million bonus payment as an Option Bonus. For all intents and purposes, it isn't. That $5 million bonus was written into his contract as guaranteed money, along with the other $5 million he got on the day he signed. All in all, it's a $10 million signing bonus. We have to eat all $10 million throughout the course of his contract.
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