Green Restructures Contract [Chronicle]

[Keith]

Originally Posted by painekiller

We both know the answer to that question. It is LTBE.

I hear ya.

Checking in with another capologist since I posted, and he thinks it is prorated. Given Green was active 6 games last year, I think that means 6 games * $200,000 = $1.2 million is LTBE and $1.8 million is NLTBE.

I think the NLTBE isn't reflected in the 2008 cap for now. If earned, it will eat up remaining space in 2008; if the team is out of 2008 cap space, then it reduces the available 2009 cap by that amount unaccounted for in 2008.

Kind of a pain on the cap page. For now, I'll keep showing it as all hitting the 2008 cap and reduce it game by game each time Green is inactive.