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skinsfan_nn · 02-17-2009, 11:33 PM

Negative cap space to dump Dre..?

BRONCOS LOST CAP SPACE TO CUT BLY
Posted by Mike Florio on February 17, 2009, 10:49 p.m.

Though the decision to release cornerback Dre’ Bly allows the Broncos to avoid $3.25 million in 2009 base salary, Bill Williamson of ESPN.com reports that the move actually resulted in a negative cap hit for the team.

Per Williamson, the release of Bly triggers $9 million in dead money. When subtracting the money (salary and bonuses) that Bly won’t receive this year, the net cap savings is a negative $2.6 million.

Regardless, the Broncos have more than $25 million in 2009 cap space.

02-17-2009, 11:33 PM	#216
skinsfan_nn Playmaker Join Date: Apr 2006 Location: Newport News,Virginia Age: 60 Posts: 4,495	Re: 2009 Free Agents Negative cap space to dump Dre..? BRONCOS LOST CAP SPACE TO CUT BLY Posted by Mike Florio on February 17, 2009, 10:49 p.m. Though the decision to release cornerback Dre’ Bly allows the Broncos to avoid $3.25 million in 2009 base salary, Bill Williamson of ESPN.com reports that the move actually resulted in a negative cap hit for the team. Per Williamson, the release of Bly triggers $9 million in dead money. When subtracting the money (salary and bonuses) that Bly won’t receive this year, the net cap savings is a negative $2.6 million. Regardless, the Broncos have more than $25 million in 2009 cap space. __________________ "There's no greater feeling than moving a man from Point A to Point B, against his will." #68 THANKS COACH GIBBS FOR EVERYTHING! YOUR THE MAN AND ALWAYS WILL BE!