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Originally Posted by JoeRedskin
This question has come up before - Does it make a difference in the salary cap if Fiore retires or is cut? If it does make a difference what is it?
I thought (and think) it doesn't make any difference and that any signing bonus would be accelerated as normal (i.e. pre-June 1, counts entirely against 2004, post-June 1 prorated into 2005).
Does anyone have an answer to this with some back up from a league source, or are we all just guessing on this one?
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This is what I've been able to find so far:
"We already know that if a player is waived on or before June 1, the remaining signing bonus that has not been included in salary “accelerates” and is included in that year’s team salary. Acceleration also occurs when a player is traded or waived and picked up by another team. The new team is not responsible for any of the original signing bonus. The team that waived or traded the player is responsible for the accelerated signing bonus (in the same manner as described above). In most cases, if a player retires, the remaining signing bonus that has not been included in salary “accelerates” and is included in that year’s team salary. Thus, the team will take an immediate salary cap hit of the remaining signing bonus."
http://www.askthecommish.com/salarycap/faq.asp