View Full Version : Carlton Gray cut
06-01-2001, 03:05 PM
According to espn.com, Carlton Gray was informed today that he has been cut.
This saves us $500,000 against this season's cap, but his hit for next season is reported to be $1.675m :eek:. God, that was a bad contract!
06-01-2001, 03:13 PM
In the immortal words of Mr. Eric Cartman
<i>"Kick a$$!"</i> :)
06-01-2001, 03:32 PM
If only I could do cartwheels :p
He never was given a chance in game action, but his performances in Preseason said it all.
Only mystery was whether Gunther truly had it in for him?
06-01-2001, 03:32 PM
Whoever Gray had for an agent I want to represent me in my next salary negotiations...1.6 mil for getting fired...that sucks...
06-01-2001, 03:41 PM
I thought the same thing...This bum got big money from Indy, gets cut and immediately gets big money from the Giants and within the same year gets cut and gets big money from us...
I have never seen a journeyman keep getting superstar money over and over like this...Unbelieveable...
06-01-2001, 04:11 PM
There are two definates here. We paid WAY too much for him and we kept him WAY too long. He is lauphing all the way to the bank.
Goodbye and good riddance.
06-01-2001, 04:24 PM
about time....this leach was here way too long.
06-01-2001, 05:16 PM
Glory, Glory Hallelujah
A couple more cuts and then we just wait to see what pick-ups might be available.
Unless Dan Williams has great camp and he is at least not a negative cap hit I say goodbye
Mike Cloud or Frank Moreau (preferably Cloud)
Todd Collins unless he show something in pre-season
Michael Ricks (he was a mistake to start with)
06-01-2001, 07:11 PM
Dreams really do come true
06-01-2001, 07:36 PM
Of course, you all know that pacfan will be along shortly to say "I told you so."
06-01-2001, 08:19 PM
Milkman - Nobody could be wrong all the time :)
Remebers something about TRich being an H back
06-01-2001, 10:10 PM
What? Carlton cut?! No! He was awesome!!!:rolleyes:
06-01-2001, 11:23 PM
I guess we shouldn't be to hard on him, there was that one time he almost made a tackle.
There IS a God!
This puts an end to one of the WORST PANIC moves the Chiefs have ever made...
06-02-2001, 05:32 AM
This saves us $500,000 against this season's cap, but his hit for next season is reported to be $1.675m
I thought when a player was cut that only his remaining signing bonus counted against the cap, and the reason for June 1 cuts was to spread out that bonus evenly over a 2 year period.
keg in kc
06-02-2001, 10:43 AM
Red Eyes, what that means is that, had we cut him prior to June 1st, his total accelerated bonus would have equalled more than his cap number for 2001 (base salary plus his bonus). By cutting him after June one, we divided his total accelerated bonus in half, which, as it turns out, equals 500K less than his cap number would have been (again, base salary plus bonus for 2001).
His entire remaining bonus must be something like 3.35 million (1.675 multiplied by 2). Since we're only taking half of that as a hit this season, he must have been due 2.175 million this season in base salary and bonus money. His salary for 2001 was 500K, so the bonus number for 2001 must have equalled half the total bonus, again 1.675 million. My guess is that his contract was written in such a way that he got higher signing bonuses this season and next season when his base salary is lower, and low bonus numbers for 2003 and 2004 when his salary jumped significantly (2.5 million each year). I don't know for certain, of course, since nothing but the base salary numbers are at my disposal...
I'll try to diagram it:
1) Total remaining bonus was 3.35 million (1.675 million x 2)
2) Cap hit for 2001 would have been 2.175 million (500K salary + 1.675 million bonus)
3) Had we cut him prior to June first, we'd have had to pay the entire remaining bonus, 3.35 million, which would have been 1.175 million more than his previous 2001 cap number of 2.175 million.
4) By cutting him after June 1, we divide the remaining bonus in half, and pay only 1.675 million, which is 500K less than his previous 2001 cap number, again, 2.175 million. We then have to pay the other half of the bonus, 1.675 million, in 2002.
In other words:
2001 Cap figure: 2.175 million
Cut before June 1: 3.35 million
Cut after June 1: 1.675 million this year, 1.675 million next year
I believe that's the gist of it, and that's the best I can do with the limited information at my disposal. If anyone can poke any holes in that logic, please feel free...
06-02-2001, 01:45 PM
So we are taking a 1.675 million cap hit in both '01 and '02 for his remaining bonus. The 500 Gs is his salary, which he will not receive. How much would his salary for the '02 season have been?
keg in kc
06-02-2001, 02:26 PM
According to nflpa, he was due $750,000 in base salary in 2002, followed by 2.5 million in both 2003 and 2004. I have no idea how his bonus would have been divided over those 3 years, but my guess would be the other half next season, then none for the last two years. That would have made for something like a 2.475 million cap hit next season and then 2.5 million each year thereafter, were he on the roster...
06-02-2001, 02:31 PM
So, based on your estimates, we are saving money against the cap in both '00 and '01. Exactly the point I was trying to get at.
keg in kc
06-02-2001, 02:55 PM
You could look at it that way, I s'pose Red Eyes.
You could also look at it as a loss of 1.675 million for nothing, with the same for next season. That's opposed to spending 3.35 million this season and being done with it, as they did with Chester the Digester. Saying we "saved" 500K is misleading, because we didn't really save anything - we're still paying Carlton Gray, only now he's not even on the team. Kind of a lose-lose situation because of an ill-advised contract. But by not paying him that 500K and kicking him to the curb we can nearly afford to pay the rest of our rookies. And with Chet gone, 1.675 million won't hurt next year's cap much at all (although that is two or three veteran base salaries...).
06-02-2001, 03:35 PM
This is the way I look at it.
We could be paying him 2.175 mil this season and 2.425 next,
or pay him 1.675 mil each season. Either way, we are paying him for nothing.
This way, we're saving the 500 G and 750 G for '01 and '02 respectively.
Kind of reminds of that Degiorno commercial.
He's good at nothing.
keg in kc
06-02-2001, 04:12 PM
Hehe, probably a good way to look at it, because he sure isn't doing us any good either way...
One of Carl's WORST moves. I'd rank it right below trading for Baily about 5 years ago and signing FATA$$ Chester. Carl looked like a COMPLETE MORON the second he signed Gray. It was a pure panic move IMHO. At least he had the sack to cut his losses...FINALLY!:confused:
06-02-2001, 08:04 PM
I used to defend Carlton Gray. But it was to Packfan so I hope everyone will forgive me.
vBulletin® v3.8.0, Copyright ©2000-2013, Jelsoft Enterprises Ltd.