Chiefs The Number of FA Corners Just Got Bigger - Page 3

T-post Tom · 11:39 PM

He's no Brandon Carr, but maybe this will dilute the market a tiny bit:

Raiders release Stanford Routt

Well, here’s the first big surprising move of the offseason.

Oakland released cornerback Stanford Routt on Thursday, less than a year after the team gave him a “five-year, $54.5 million” contract. (It was originally a three-year, $31.5 million deal, then the team restructured the deal.)

It’s a surprising move because it was reported last year that Routt’s $5 million 2012 base salary was guaranteed. It’s possible it was only guaranteed if Routt was on the roster past a certain date. (Once again, even “guaranteed” money isn’t always guaranteed.)

Routt started last season well and enjoyed a fine 2010 season, but he struggled badly down the stretch. He got picked on often despite having the tag as Oakland’s top cornerback.

As a 28-year-old with a lot of starting experience, Routt figures to attract plenty of free agent interest. For Routt, free agency starts Friday.

http://profootballtalk.nbcsports.com...tanford-routt/

UPDATE

Raiders avoided $5 million guaranteed by cutting Routt now

So why did the Raiders dump cornerback Stanford Routt today?

Per a source with knowledge of his contract, Routt’s $5 million base salary for 2012 would have become fully guaranteed if he had been on the roster five days after the start of the 2012 waiver period.

Though Routt loses the $5 million, he gets more than a fair crack at free agency, hitting the market more than a month before the official launch of the spending spree.

Thus, either way, tying guaranteed payments to presence on the roster early in the waiver period provides maximum protection. Either the team keeps the player and incurs the full guarantee (as the Jets did with receiver Santonio Holmes) or the team cuts the cord and the player walks away free and clear.

In Routt’s case, he carries with him $10 million paid out in 2011, the first — and ultimately only — year of his contract.

http://profootballtalk.nbcsports.com...ing-routt-now/

02-09-2012, 09:46 PM	Topic Starter
T-post Tom Busy in a Kohl's restroom Join Date: Aug 2002 Location: Milk/Honey/Gazland Casino cash: $1777293	The Number of FA Corners Just Got Bigger He's no Brandon Carr, but maybe this will dilute the market a tiny bit: Raiders release Stanford Routt Well, here’s the first big surprising move of the offseason. Oakland released cornerback Stanford Routt on Thursday, less than a year after the team gave him a “five-year, $54.5 million” contract. (It was originally a three-year, $31.5 million deal, then the team restructured the deal.) It’s a surprising move because it was reported last year that Routt’s $5 million 2012 base salary was guaranteed. It’s possible it was only guaranteed if Routt was on the roster past a certain date. (Once again, even “guaranteed” money isn’t always guaranteed.) Routt started last season well and enjoyed a fine 2010 season, but he struggled badly down the stretch. He got picked on often despite having the tag as Oakland’s top cornerback. As a 28-year-old with a lot of starting experience, Routt figures to attract plenty of free agent interest. For Routt, free agency starts Friday. http://profootballtalk.nbcsports.com...tanford-routt/ UPDATE Raiders avoided $5 million guaranteed by cutting Routt now So why did the Raiders dump cornerback Stanford Routt today? Per a source with knowledge of his contract, Routt’s $5 million base salary for 2012 would have become fully guaranteed if he had been on the roster five days after the start of the 2012 waiver period. Though Routt loses the $5 million, he gets more than a fair crack at free agency, hitting the market more than a month before the official launch of the spending spree. Thus, either way, tying guaranteed payments to presence on the roster early in the waiver period provides maximum protection. Either the team keeps the player and incurs the full guarantee (as the Jets did with receiver Santonio Holmes) or the team cuts the cord and the player walks away free and clear. In Routt’s case, he carries with him $10 million paid out in 2011, the first — and ultimately only — year of his contract. http://profootballtalk.nbcsports.com...ing-routt-now/ Last edited by T-post Tom; 02-09-2012 at 11:39 PM..
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