Quote:
Originally Posted by Keith
Reeves signed a 5-year contract that included a $4 million signing bonus ($4MM / 5 yr = $800k/yr prorate). He also got an addition $2 million as a roster bonus on this year's cap, which is the reason why cutting him after this year or next would be less painful... that extra $2MM won't need to be spread over future years.
2008: $1MM base, $800k prorate, $2MM roster = $3.8MM cap hit
So getting rid of Reeves after just one year would mean ($800k * 4 years) $3.2 million in dead money. If taken as a June 1, 2009 cut, that would mean $800k on the 2009 cap and $2.4 million on the 2010 cap.
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Thanks for clearing this up, if he does not work out then letting him go is not as huge a deal as I had feared.
Besides, if Dunta comes back having him, Bennett and now Moulden as the top 3 CBs is a nice group.
Now lets see how our Lbs shake out.