Cooley Restructures

[Slingin Sammy 33]

Originally Posted by Schneed10

AFTER EXECUTED TRANSACTIONS: $4.0 MILLION OVER

So if we make the below moves we should be $ 14M under the cap, correct?

Start: $20.4 million OVER cap

Potential Roster Cuts:
Phillip Daniels - $3.0 million saved - keep
Mark Brunell - $3.4 million saved - CUT
Shawn Springs - $2.5 million saved - keep
Pete Kendall - $1.8 million saved - keep
Todd Wade - $700K saved - CUT
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 - yes
Jon Jansen - $3.2 million saved - no
Chris Samuels - $2.8 million saved - yes
Cornelius Griffin - $2.6 million saved - yes
Santana Moss - $1.9 million saved - yes
Casey Rabach - $1.4 million save - yes
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 - yes
Clinton Portis - $0.4 million saved - yes
Chris Cooley - $9.2 million saved - EXECUTED
Andre Carter - $1.9 million saved - EXECUTED
Antwaan Randle-El - $1.2 million saved - EXECUTED
Total Bonus Restructure Savings: $14.4 million