Cooley Restructures

[Longtimefan]

Originally Posted by itvnetop

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.

For the reasons you state, should we be happy to have an owner like Dan Snyder, or would you rather John Cooke had bought the team?

For the sake of some owners, I'm sure they're most happy there is a salry cap because if there weren't Dan Snyder would really show them what he could do with his money. He'd field an all star team at every position from top to bottom.