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Old 02-14-2008, 06:30 PM   #25
itvnetop
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Join Date: Feb 2004
Location: Los Angeles, CA
Age: 49
Posts: 3,007
Re: Cooley Restructures

So if I understand this correctly, an owner has the option to slash salary cap by converting cap money into guaranteed up front? If this is the case, what's the point of a salary cap? Not that I'm complaining (since this helps us) but theoretically, the cap can be loopholed as deep as an owner's pockets go... correct? I wonder why more owners don't do this... I guess Danny boy is just too rich to even care about parting with guaranteed money.
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