Potential Offseason Cuts and Cap Savings

[Schneed10]

I'm sorry I was in meetings all day, I could have squashed this nonsensical Portis discussion a lot sooner.

Portis is scheduled to hit our cap for $7.0 million in 2007. If we cut him or trade him, he'll hit $8.1 million. There's no way we release a still very productive Portis, age 26, AND take an incremental cap hit for doing so. The only way we'd get rid of him is if we actually saved (A LOT of) money, which we wouldn't.

Portis will not object to renegotiation. The 'Skins have structured their contracts in such a way to simply convert roster bonuses and base salaries into new signing bonuses. Portis would still get the cash his contract says he's supposed to get in '07; it would just be called a signing bonus instead of salary. Players don't care what you call it, they just want the money. He'll renegotiate, the cap number will come down from the $7.0 million, and we'll be happily ever after.

He's going nowhere, take it to the bank. CC, can I get an amen?