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Originally Posted by sandtrapjack
Do you have a link or something that would better explain this? It makes no sense.
If they traded Johnson they would relieve themselves of the salary portion of the contract. But they are still liable for the pro rated signing bonus on him. Essentially the remaining portion of his bonus untill 2011 is accumulated in one lump sum and counts against thier cap. That is the "dead money" and that is where the 8 million in cap hits come from, the remaining portion of his signing bonus.
Now if there is a way to get rid of "dead money" like you say, then how come the Redskins have not been doing it for years? The Redskins lead the NFL in dead money at a staggering number of 128 million dollars in dead money alone. The NFL salary cap is only 116 million and the Redskins have more than that in dead money alone.
One would think that if there was a way to alleviate all that dead money like you say, than the Redskins would have been doing it for years.
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The bonus money all accelerates into this season, however, that's only signing bonus money. All of the other bonuses (roster or whatever) go away. They don't count because he won't be on their roster, so what I head was, they would have $6 million accelerated into this year. Then, they would either have a relief of 3.2 or 2.8 (can't remember) for this season, so he would only count 2.8 or 3.2 this year. If he's gonna be a headache, $3 million is nothing against the cap to get rid of him.
After that, he would no longer count against the cap. He'd be off the books after this year.