Cooley Restructures

[Schneed10]

Working off the familiar format I've been posting, note the moves that have already been made:

Start: $20.4 million OVER cap

Potential Roster Cuts:
Phillip Daniels - $3.0 million saved
Mark Brunell - $3.4 million saved
Shawn Springs - $2.5 million saved
Pete Kendall - $1.8 million saved
Todd Wade - $700K saved
Total Savings for Cuts: $11.4 million

Keeping These Players, Restructuring 2008 Base Salary, Prorating over Remaining life of Contract:
Randy Thomas - $3.7 million saved - EXECUTED
Clinton Portis - $3.2 million saved
Jon Jansen - $3.2 million saved
Chris Samuels - $2.8 million saved
Cornelius Griffin - $2.6 million saved
Santana Moss - $1.9 million saved
Casey Rabach - $1.4 million saved
Total Salary Restructure Savings: $18.8 million

Keeping These Players, Restructuring 2008 Roster Bonuses, Prorating over Remaining life of Contract:
Ladell Betts - $1.7 million saved
Clinton Portis - $0.4 million saved
Chris Cooley - $9.2 million saved - EXECUTED
Andre Carter - $1.9 million saved - EXECUTED
Antwaan Randle-El - $1.2 million saved
Total Bonus Restructure Savings: $14.4 million

Restructures that I'm aware of consist of Randy Thomas, Andre Carter, and Chris Cooley. There could be others I'm not aware of. Cooley shaved $9.2 million alone.

My numbers above are not official, but they follow the same logic the Skins have used in the past. Carter and Thomas shaved nearly $6 million between them. Cooley shaved $9.2.

So we should be down $15.2 million from the $20.4 million we started at. This means we're still in the red by $5.2 million. PCinOZ's numbers would have us at $4.0 million over the cap after the Cooley restructure. So it's fair to say we're right around $4.0 - $5.2 million over the cap right now.

And you'll note there are plenty of moves listed above that don't have the word "EXECUTED" next to them, which means there are still plenty of ways to bring the cap number down. We're good to go.