Quote:
Originally Posted by Slingin Sammy 33
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.
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after your post a did a good bit of reading.
CP is guaranteed roughly 9.8 mil in 2010. guaranteed approx. 2.3ish mil in 2011 and 2012.
if we cut CP now, he will be owed approx. 15 mil (9.8ish + 2.3ish + 2.3ish + a 2010 roster bous of approx 500k). but he is off the books for 2011 and 2012.
also the skins cleverly did an "off set" clause in CPs renegotiated contract which means that if CP is cut, the money owed to him from the skins is reduced ( a percent, not dollar for dollar) if he signs with another team.
the skins were also smart to take that 9.8 mil signing bonus on in 2010, which they correctly predicted was going to be an uncapped year.
if CP is cut in 2011 or 2012; we go back to the normal equation of (salary - guar = cap space saved). so 8 mil - 2.3 mil = cap savings of 5.7mil.
in conclusion, cutting CP now will save us approx 2.3 mil per year in cap space for 2011 and 2012 vs just keeping the man for 1 more year and dan snyder gets something in return for his money in 2010.
with that off set clause, it might just be worth it to keep him next year, run him hard and see if he can turn things around.
if he sucks or doesnt change his approach, cut him after 2010 and all we lost out on is 2.3 mil extra in cap savings which would be off set by any other team signing him.