Ocho Cinco In B&G

[jdlea]

Originally Posted by sandtrapjack

He is under contract with Cincinatti until 2011. They may be able to save the cap hit from this season, but what is the hit they would incur next season? Or the following season?

They take none. All of his bonus money hits them when he comes off the books, but his base salary comes here with him. He would no longer count against their cap after this season.

[Cooley1]

Can someone start a post for me if they feel this is realavent enough to have one:

The Chicago Bears released veteran wide receiver Muhsin Muhammad on Monday, NFL Network's Adam Schefter is reporting.

Bears release WR Muhammed; sign DE Smith to extension

I dont think or feel I have enough time under my belt to start new posts. Thanks

[sandtrapjack]

Originally Posted by jdlea

They take none. All of his bonus money hits them when he comes off the books, but his base salary comes here with him. He would no longer count against their cap after this season.

Do you have a link or something that would better explain this? It makes no sense.

If they traded Johnson they would relieve themselves of the salary portion of the contract. But they are still liable for the pro rated signing bonus on him. Essentially the remaining portion of his bonus untill 2011 is accumulated in one lump sum and counts against thier cap. That is the "dead money" and that is where the 8 million in cap hits come from, the remaining portion of his signing bonus.

Now if there is a way to get rid of "dead money" like you say, then how come the Redskins have not been doing it for years? The Redskins lead the NFL in dead money at a staggering number of 128 million dollars in dead money alone. The NFL salary cap is only 116 million and the Redskins have more than that in dead money alone.

One would think that if there was a way to alleviate all that dead money like you say, than the Redskins would have been doing it for years.

[SmootSmack]

Originally Posted by sandtrapjack

Do you have a link or something that would better explain this? It makes no sense.

If they traded Johnson they would relieve themselves of the salary portion of the contract. But they are still liable for the pro rated signing bonus on him. Essentially the remaining portion of his bonus untill 2011 is accumulated in one lump sum and counts against thier cap. That is the "dead money" and that is where the 8 million in cap hits come from, the remaining portion of his signing bonus.

Now if there is a way to get rid of "dead money" like you say, then how come the Redskins have not been doing it for years? The Redskins lead the NFL in dead money at a staggering number of 128 million dollars in dead money alone. The NFL salary cap is only 116 million and the Redskins have more than that in dead money alone.


One would think that if there was a way to alleviate all that dead money like you say, than the Redskins would have been doing it for years.

You make it sound as though the Redskins have $128 million in dead money this year, which of course is not true.

[sandtrapjack]

Originally Posted by SmootSmack

You make it sound as though the Redskins have $128 million in dead money this year, which of course is not true.

I got that number from ESPN:

Originally Posted by ESPN

The Redskins have managed to remain more competitive despite leading the NFL in "dead" money since 1994 with nearly $128 million, an average of more than $9 million per year, according to an NFL executive with access to league salary information.


Dead money piles up when teams release players before enough time has passed to spread the impact of large signing bonuses across multiple salary caps.


If the Redskins release Brunell, for example, they'll be able to subtract his base salary from the cap, but they'll still have to account for more than $3 million in "dead" bonus money that has yet to count.


The Redskins' dead-money totals have accelerated dramatically since Snyder purchased the team.


Their annual totals were $780,000 in 1994, $1.1 million in 1995, $1.4 million in 1996, $4.2 million in 1997 and $1.3 million in 1998. Subsequent totals have jumped to $7.6 million (1999), $5.7 million (2000), $14.8 million (2001), $13.2 million (2002), $14.4 million (2003), $11.2 million (2004), $20.1 million (2005), $21 million (2006) and $10.7 million last season.

ESPN - How Washington approaches free agency is anyone's guess - NFL

Was just asking that if it was so easy to alleviate dead money, why hasn't it been done?

[SmootSmack]

Exactly, $128 million (or approximately that) since 1994. Not $128 million in 2008

[sandtrapjack]

Originally Posted by SmootSmack

Exactly, $128 million (or approximately that) since 1994. Not $128 million in 2008

Ok, back to the original question. How does a team alleviate that dead money? It was said that the 8 million dollar dead money cap hit on Johnson could be reduced to 3 million. I just would like to know HOW?

[skinsnut]

Interesting that the poll on whether we should trade for Chad Johnson is closing.
I think originally it was like 70%/30% for it.

I think people are realizing that though hes a great talent, he would cost too much financially and potentially in the ego dept.

There are other options with WR that don't have these risks.

[jdlea]

Originally Posted by sandtrapjack

Do you have a link or something that would better explain this? It makes no sense.

If they traded Johnson they would relieve themselves of the salary portion of the contract. But they are still liable for the pro rated signing bonus on him. Essentially the remaining portion of his bonus untill 2011 is accumulated in one lump sum and counts against thier cap. That is the "dead money" and that is where the 8 million in cap hits come from, the remaining portion of his signing bonus.

Now if there is a way to get rid of "dead money" like you say, then how come the Redskins have not been doing it for years? The Redskins lead the NFL in dead money at a staggering number of 128 million dollars in dead money alone. The NFL salary cap is only 116 million and the Redskins have more than that in dead money alone.

One would think that if there was a way to alleviate all that dead money like you say, than the Redskins would have been doing it for years.

The bonus money all accelerates into this season, however, that's only signing bonus money. All of the other bonuses (roster or whatever) go away. They don't count because he won't be on their roster, so what I head was, they would have $6 million accelerated into this year. Then, they would either have a relief of 3.2 or 2.8 (can't remember) for this season, so he would only count 2.8 or 3.2 this year. If he's gonna be a headache, $3 million is nothing against the cap to get rid of him.

After that, he would no longer count against the cap. He'd be off the books after this year.

[jdlea]

Originally Posted by jdlea

Actually, I was listening to NFL Radio yesterday and they were saying that it is a $6 million cap hit for the Bengals to unload Johnson this season. However, they'll get the money back he would have made in salary, $2.8 million. Therefore, they would only be taking a $3.2 million cap hit next season, then he'd be off the books.

NOTE: I may have the $2.8 and $3.2 backwards, it could be a $2.8 cap hit with a salary of 3.2, but either way, it's not that much of a difference.

As big of a headache for the Bengals as Chad is becoming in Cincy, I think that $3 million (split the difference) is not that big of a hit.

What I said earlier...

[bearskins]

Get him!!! Better CJ than Moss - any day!!!

Imagine a receiver over 4'2" in our line-up. Campbell would be giddy.

[mauiRedskinbarn]

How about bryant Johnson from Arizona, he's a free agent that we could get for cheap, and he's the size we are looking for in a reciever

[DGreene28]

Originally Posted by mauiRedskinbarn

How about bryant Johnson from Arizona, he's a free agent that we could get for cheap, and he's the size we are looking for in a reciever

More of a headcase then CJ with no where near the talent. Might as well stay with Mix if we don't get a big #1

[sandtrapjack]

Originally Posted by jdlea

The bonus money all accelerates into this season, however, that's only signing bonus money. All of the other bonuses (roster or whatever) go away. They don't count because he won't be on their roster, so what I head was, they would have $6 million accelerated into this year. Then, they would either have a relief of 3.2 or 2.8 (can't remember) for this season, so he would only count 2.8 or 3.2 this year. If he's gonna be a headache, $3 million is nothing against the cap to get rid of him.

After that, he would no longer count against the cap. He'd be off the books after this year.

I see what you are saying, but it does not sound right.

The remaining signing bonus money he is owed is in the range of 8 mill, and if traded it is lump sum and counts against the cap.

[jdlea]

Originally Posted by Cincinnati Enquirer

The Bengals would take a loss of $8.03 million on the salary cap - money the club would not be able to spend on other players - if it traded or released Johnson before June 1, said Mark Levin, director of the Salary Cap and Agent Administration Department for the NFLPA.

Or I could be total wrong. (Actually Gil Brandt was wrong, but whatever...)