Peter King on The Skins - Future Cap Trouble

[FRPLG]

Originally Posted by Schneed10

Given the choice between the two, I would be a proponent of sending him packing before March 1, and biting the bullet on his cap hit. This would avoid the $1.5 million bonus payment you're referring to. When you think about it, if the Skins spread Lloyd's dead money over two seasons, they'll just end up restructuring fewer players in '08. If they take the entire hit in 2008, they will be forced to restructure more guys in '08. So you might as well just get him off the books.

But the ideal situation would be to find a taker for Lloyd, kind of like we did with Arch. With Arch, we convinced the Bears to take a $5 million bonus off our hands, which significantly dropped the cap hit we needed to take.

Of course at this point it may be tough to convince a team that Lloyd is worth giving a $1.5 million signing bonus to, but hopefully somebody sees him as an under-utilized non-bum.

The CBA allows us to cut a guy prior to June 1 and designate him a Post June 1 cap casualty and therefore spread it.

We cannot cut him prior to March 1 because it would put us over the cap and cost us cap space next year plus penalties. So he'll most likely be cut March 1 and be designated a June 1 cut. Unless we can figure a way to trade him.