Chiefs estimated $28 million over 2006 cap

[Chiefaholic]

http://www.nfl.com/nflnetwork/story/9117553

OVER THE 2006 SALARY CAP

Oakland Raiders -- $35 million over -- Plenty will come off with the decision not to bring back quarterback Kerry Collins.

Denver Broncos -- $31 million over -- Denver is usually in this position and usually has little problem getting back under the cap.

New York Jets -- $30 million over -- Some big-time quarterback decisions looming.

Kansas City Chiefs -- $28 million over -- Franchise could be headed for some big changes.

Washington Redskins -- $27 million -- At some point, Daniel Snyder has to pay.

http://www.chiefswarpath.com/resources/playersalaries.htm
http://nfl.scout.com/2/172661.html
http://chiefs.foxsports.scout.com/2/377549.html?refid=400
http://www.chiefscoalition.com/Forums/index.php?showtopic=27724

Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) (cost $250K to cut)
Bartee, William 1,100,000 2 years left of 4 ($312K/year bonus) (saves team $376,000 to cut)
Bell, Kendrell 2,710,000 6 years left of 7 ($500K/year bonus) (costs $290K to cut)
Hicks, Eric 2,100,000 4 years left of 7 ($500K/year bonus) (saves team $100K if cut)
Holmes, Priest 3,250,000 4 years left of 5 ??? (with restructure)
McCleon, Dexter 2,000,000 2 years left of 5 ($500K/year bonus) (saves team $1 million if cut)
Shields, Will 5,100,000 1 years left of 6 ($1.2 M/year bonus) (saves team $3.9 million if retires)
Sims, Ryan 1,167,000 3 years left of 7 ($1.4 M/year bonus) (cost team $3.03 million if cut)
Warfield, Eric 3,775,000 3 years left of 7 ($700K/year bonus) (saves tea, $1.675 million if cut)
Wesley, Greg 2,500,000 4 years left of 7 ($650K/year bonus) ($300K roster bonus) (saves the team $400K if cut)
Woods, Jerome 1,600,000 4 years left of 6 ($550K/year bonus) (cost team $600,000 to cut)

Johnson, Larry 741,000 4 years left of 7 (will likely want more money)
Waters, Brian 2,150,000 1 year left of 5 (needs contract extension)
Green, Trent 5,700,000 4 years left of 9 ($1.4 M/year bonus) (could restructure to help team)

Tony Richardson (Gotta figure out a way to keep him)
Kendall Gammon (best LS in the game)
Benny Sapp (showed signs of promise)


That's all I can find.... Thank God I don't work in the front office. This offseason will be a nightmare.

[Bowser]

Bah. The Fade were tens of millions over the cap last year, and still landed Randy Moss and LaMont Jordan. Nothing to loose sleep over.

[007]

I am sure there will be some key cuts and a couple of re-negs with players too. It will work out.

[Bwana]

I can see a little fat to trim right out of the gate.

[Logical]

I wonder how many times we will do this thread.

Any bets?

Just for info this is the 2nd time already

[Bwana]

I wonder how many times we will do this thread.

Any bets?

Just for info this is the 2nd time already
I guess I missed the first one and there is some good stuff on here regarding cap numbers. What we really need is about 12 more threads about Nick. :rolleyes:

[Chiefs Pantalones]

We'll cut it down to where we are even, then Carl will tell us we have no room to sign anyone...ROFL

[KcMizzou]

I guess I missed the firt one and there is some good stuff on here regarding numbers. What we really need is about 12 more threads about Nick. :rolleyes:I heard that every time you mention that name Phobia gets a PM.

Ding!

[ChiefsfaninPA]

I guess I missed the first one and there is some good stuff on here regarding cap numbers. What we really need is about 12 more threads about Nick. :rolleyes:

Or Herm Edwards.

[Alphaman]

I think Sims and Gonzo are due big roster bonuses. Both will likely be restructured. Green will likely be restructured.

[KcMizzou]

Denver Broncos -- $31 million over -- Denver is usually in this position and usually has little problem getting back under the cap.
Cheaters! :cuss:

[Eleazar]

Denver is usually in this position and Shanahan usually has little problem getting back under the comissioner's desk.

[Logical]

Bartee, William 1,100,000 2 years left of 4 ($312K/year bonus) (saves team $376,000 to cut)

Hicks, Eric 2,100,000 4 years left of 7 ($500K/year bonus) (saves team $100K if cut)

McCleon, Dexter 2,000,000 2 years left of 5 ($500K/year bonus) (saves team $1 million if cut)

Shields, Will 5,100,000 1 years left of 6 ($1.2 M/year bonus) (saves team $3.9 million if retires)

Warfield, Eric 3,775,000 3 years left of 7 ($700K/year bonus) (saves tea, $1.675 million if cut)

Wesley, Greg 2,500,000 4 years left of 7 ($650K/year bonus) ($300K roster bonus) (saves the team $400K if cut)

Most likely these are the candidates to be gone next offseason. I would like to see all the them gone, well not Shields but I am 99% sure he will retire.

Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) (cost $250K to cut)

Bell, Kendrell 2,710,000 6 years left of 7 ($500K/year bonus) (costs $290K to cut)

Sims, Ryan 1,167,000 3 years left of 7 ($1.4 M/year bonus) (cost team $3.03 million if cut)

Woods, Jerome 1,600,000 4 years left of 6 ($550K/year bonus) (cost team $600,000 to cut)
Well another year of Woods and Sims is pretty certain.

I doubt if Barber and Bell are cut if the above is true that is also a pretty hefty hit, however they are all good candidates for restructures along with T. Green and Priest Holmes

[Logical]

I guess I missed the first one and there is some good stuff on here regarding cap numbers. What we really need is about 12 more threads about Nick. :rolleyes:I agree about the players numbers that was very interesting and it was new. I missed it the first time assuming it was the data for the other teams.

[007]

So how much will it save us if Priest retires?

[recxjake]

hmmm... I can see it now..... Bell cut, Fujita resigned!

[Herzig]

With 2007 being the "uncapped" year, I bet many players will be willing to rework their contracts this year for a big payday in 2007.

[recxjake]

Who won't be a Chief in 06:

QB's
Huard

RB's
Brown

WR
Boe
Horn

TE
Wilson

Oline
Shields

Dline
C.Hall
L.Dalton
J. Browning

LB's
Stills
Barber

Secondary
McCleon
Woods

[Rausch]

hmmm... I can see it now..... Bell cut, Fujita resigned!

Rausch develops ulcer...

[jiveturkey]

Great thread!

[Logical]

So how much will it save us if Priest retires?No one knows because it depends on whether or not it would be for the injury or just to retire. As I understand it the cap implications are different. There also is the fact that his bonus as far as I know was not published.

[jiveturkey]

Why is everyone in such a hurry to cut Barber?

[recxjake]

Chad Greenway the OLB from Iowa would be a great replacement for Bell! He is around picks 15-30 in most mock drafts.... I dont want Bell next year!

[Logical]

Chad Greenway the OLB from Iowa would be a great replacement for Bell! He is around picks 15-30 in most mock drafts.... I dont want Bell next year!If this is right and it cost 290K to cut him you are likely out of luck.

[jiveturkey]

Chad Greenway the OLB from Iowa would be a great replacement for Bell! He is around picks 15-30 in most mock drafts.... I dont want Bell next year!
How about instead of spending another 1st round pick on an OLB'er we use Barber, Fox or Griffin?

[recxjake]

How about instead of spending another 1st round pick on an OLB'er we use Barber, Fox or Griffin?

Greenway's good, they arent

[jiveturkey]

Greenway's good, they arentThose option are good enough to allow us to focus on other areas of need IMO.

My vote would go towards FS, DE, OT, WR.

I would not be upset if we wound up with Greenway, I'm just hoping that we use the pick on an area more in need.

[Rausch]

If this is right and it cost 290K to cut him you are likely out of luck.

Why?

It's cheaper to cut him than keep him...

[recxjake]

Those option are good enough to allow us to focus on other areas of need IMO.

My vote would go towards FS, DE, OT, WR.

I would not be upset if we wound up with Greenway, I'm just hoping that we use the pick on an area more in need.

I agree that we need a FS...

DE will be John Abraham

OT is fine.... Sampson,Black and Williams will fight it out for the RT spot.... Roaf should come back!.... Welbourne can play guard...

WR first rounders are just to scary

Depends on who's still around and who we cut, but the 1st rounder needs to be in the starting lineup opening day!

[jiveturkey]

I agree that we need a FS...Huff or Bing can fill that role and one of them should be there at 20.

DE will be John AbrahamHopefully

OT is fine.... Sampson,Black and Williams will fight it out for the RT spot.... Roaf should come back!.... Welbourne can play guard...A first round LT this year would learn a lot from Roaf. Throwing one into the lineup once Roaf is gone would really set us back.

WR first rounders are just to scaryI agree and there aren't a lot of good options this year anyway.

Depends on who's still around and who we cut, but the 1st rounder needs to be in the starting lineup opening day! Unless they're a LT.

[jspchief]

Remember in October when it was reported that we had about 6 mil in cap space for 2005?

Teams use that leftover cap space to absorb signing bonuses early.

That means that we have probably already claimed around 5 mil of that 26 mil '06 surplus on the '05 cap.

The confidentiality of bonus structures in NFL contracts makes those projections pure speculation anyway.

[JohnnyV13]

First of all, your calculations have one BIG flaw,

The numbers you cite above from the NFLPA site is ANNUAL CONTRACT COMPENSATION. What that means is, you have the base number and NOT the cap number. To get the Cap number, you ADD in the annual sb proration.

For example, For dexter Mcleon, His SB is 400k/yer (NOT 500k/yr) and his salary for 06 is 2,000,000. Thus, his cap number is 2.4 million and cutting him before March 2 would save 1.6 million.

[Reaper16]

Wait... We cut McCleon....and it SAVES us a million?!?

[Bwana]

Wait... We cut McCleon....and it SAVES us a million?!?
A million plus and it seems like a no brainer.

[jiveturkey]

First of all, your calculations have one BIG flaw,

The numbers you cite above from the NFLPA site is ANNUAL CONTRACT COMPENSATION. What that means is, you have the base number and NOT the cap number. To get the Cap number, you ADD in the annual sb proration.

For example, For dexter Mcleon, His SB is 400k/yer (NOT 500k/yr) and his salary for 06 is 2,000,000. Thus, his cap number is 2.4 million and cutting him before March 2 would save 1.6 million.
I like your math.

Can you work your magic on the rest of the list for us?

[Brock]

First of all, your calculations have one BIG flaw,

The numbers you cite above from the NFLPA site is ANNUAL CONTRACT COMPENSATION. What that means is, you have the base number and NOT the cap number. To get the Cap number, you ADD in the annual sb proration.

For example, For dexter Mcleon, His SB is 400k/yer (NOT 500k/yr) and his salary for 06 is 2,000,000. Thus, his cap number is 2.4 million and cutting him before March 2 would save 1.6 million.

I've read that the signing bonus was 2 million on his 5 year deal. So you may be correct about some of the figures.

Not too interested in arguing specifics, because I doubt you or I have any idea what the real salary cap rules and figures are.

[Logical]

Why?

It's cheaper to cut him than keep him...No that is what it costs to keep him you need to re-read it.

Bell, Kendrell 2,710,000 6 years left of

7 ($500K/year bonus)

(costs $290K to cut)

Salary 2,710,000 we save that if he is cut

remaining bonus 3,000,000 we have to apply that against the cap.

We lose $290,000 of cap room

[JohnnyV13]

Corrected cap calculations:


Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) Cap number 3.5 million, (saves 500k if cut)

Bartee, William 1,100,000 2 years left of 4 ($312K/year bonus) Cap number 1.412 Million (saves 788K if cut)

Bell, Kendrell 2,710,000 6 years left of 7 ($500K/year bonus) (costs $290K to cut) Kendrell Bell is due an bonus in 06, of, I believe 6.5 million. If the bonus is an option bonus it will add 1.1 million in prorated bonus. That means Bell's 06 cap number is 4.3 million. Cutting Bell would save 1.3 million. However, if Bell's bonus is a ROSTER BONUS, that entire 6.5 million is in his 06 cap number. That means Bell's cap number would be 9.7 million. And then cutting bell would save 6.7 million.

Hicks, Eric 2,100,000 4 years left of 7 ($500K/year bonus) Cap number of 2.6 million, (saves 600k if cut)

Holmes, Priest 3,250,000 4 years left of 5 ??? (with restructure)

McCleon, Dexter 2,000,000 2 years left of 5 ($500K/year bonus) Cap number, 2.4 million, (saves 1.6 million if cut)

Shields, Will 5,100,000 1 years left of 6 (1.4 million/year bonus) Cap number, 6.5 million (saves 5.1 million if retires)

Sims, Ryan 1,167,000 3 years left of 7 ($1.4 M/year bonus) Cap number, 2.567 million, (costs 1.7 million if cut)

Warfield, Eric 3,775,000 3 years left of 7 ($700K/year bonus) Cap number, 4.475 million, (saves 2.375 million if cut)

Wesley, Greg 2,500,000 4 years left of 7 ($650K/year bonus) ($300K roster bonus) Cap number, 3.45 million (saves 850K if cut)

Woods, Jerome 1,600,000 4 years left of 6 ($550K/year bonus) Cap number 2.15 million, (costs team 50k to cut).

Johnson, Larry 741,000 4 years left of 7 (will likely want more money)

Waters, Brian 2,150,000 1 year left of 5 (needs contract extension)

Green, Trent 5,700,000 4 years left of 9 ($1.4 M/year bonus) (could restructure to help team)

Tony Richardson (Gotta figure out a way to keep him)
Kendall Gammon (best LS in the game)
Benny Sapp (showed signs of promise)


That's all I can find.... Thank God I don't work in the front office. This offseason will be a nightmare.[/QUOTE]

[jspchief]

No that is what it costs to keep him you need to re-read it.

Bell, Kendrell 2,710,000 6 years left of

7 ($500K/year bonus)

(costs $290K to cut)

Salary 2,710,000 we save that if he is cut

remaining bonus 3,000,000 we have to apply that against the cap.

We lose $290,000 of cap roomBesides that 2.7 mil base, he's due an additonal 3 million roster bonus, making his '06 cap number over 5 million.

It will definately be cheaper to cut him. The contract was specifically designed that way.

[Mecca]

Atleast this means we can dump some of these dead weight players. That's music to my ears.

[jspchief]

Bell will be cut prior to March 3rd. You can bank on it.

[Logical]

Besides that 2.7 mil base, he's due an additonal 3 million roster bonus, making his '06 cap number over 5 million.

It will definately be cheaper to cut him. The contract was specifically designed that way.I will trust you on that roster bonus though I have been unable to find that bonus mentioned in any of the articles from his signing.

[JohnnyV13]

I've read that the signing bonus was 2 million on his 5 year deal. So you may be correct about some of the figures.

Not too interested in arguing specifics, because I doubt you or I have any idea what the real salary cap rules and figures are.

I don't know the figures for certain, but I do know the rules. I'm a lawyer with 20 hours of MBA classses, so this kind of thing is easy for me. The Salary numbers can be had off the NFLPA site. Signing bonuses are usually reported in the press.

Now, the unknown part of the equation is how many performance bonuses that counted against our 05 cap and were not earned will get credited to our 06 cap. That will enlarge our 06 cap an amount we don't know.

Another number that can inflate cap numbers are roster bonuses. That one is difficult to know. If we have some big roster bonuses due in 06 that can make our cap situation look much worse than it truly is in reality.

[CHIEF4EVER]

I agree that we need a FS...
OT is fine.... Black

Which players have you been watching? Black is good for zilch at this point. Sampson has been injured and thus no judgement can be made for him.

[JohnnyV13]

so we cut:

Bell (save 6.7)
Shields (5.1 million)
McCleon (1.6 million)
Bartee (788K)

and we already cut 14.2 million from our cap. Presume we've flipped 5 million in free 05 cap space to 06, and we're at 19.2 million out of 28 million.

[Chiefaholic]

Corrected cap calculations:


Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) Cap number 3.5 million, (saves 500k if cut)

Bartee, William 1,100,000 2 years left of 4 ($312K/year bonus) Cap number 1.412 Million (saves 788K if cut)

Bell, Kendrell 2,710,000 6 years left of 7 ($500K/year bonus) (costs $290K to cut) Kendrell Bell is due an bonus in 06, of, I believe 6.5 million. If the bonus is an option bonus it will add 1.1 million in prorated bonus. That means Bell's 06 cap number is 4.3 million. Cutting Bell would save 1.3 million. However, if Bell's bonus is a ROSTER BONUS, that entire 6.5 million is in his 06 cap number. That means Bell's cap number would be 9.7 million. And then cutting bell would save 6.7 million.

Hicks, Eric 2,100,000 4 years left of 7 ($500K/year bonus) Cap number of 2.6 million, (saves 600k if cut)

Holmes, Priest 3,250,000 4 years left of 5 ??? (with restructure)

McCleon, Dexter 2,000,000 2 years left of 5 ($500K/year bonus) Cap number, 2.4 million, (saves 1.6 million if cut)

Shields, Will 5,100,000 1 years left of 6 (1.4 million/year bonus) Cap number, 6.5 million (saves 5.1 million if retires)

Sims, Ryan 1,167,000 3 years left of 7 ($1.4 M/year bonus) Cap number, 2.567 million, (costs 1.7 million if cut)

Warfield, Eric 3,775,000 3 years left of 7 ($700K/year bonus) Cap number, 4.475 million, (saves 2.375 million if cut)

Wesley, Greg 2,500,000 4 years left of 7 ($650K/year bonus) ($300K roster bonus) Cap number, 3.45 million (saves 850K if cut)

Woods, Jerome 1,600,000 4 years left of 6 ($550K/year bonus) Cap number 2.15 million, (costs team 50k to cut).

Johnson, Larry 741,000 4 years left of 7 (will likely want more money)

Waters, Brian 2,150,000 1 year left of 5 (needs contract extension)

Green, Trent 5,700,000 4 years left of 9 ($1.4 M/year bonus) (could restructure to help team)

Tony Richardson (Gotta figure out a way to keep him)
Kendall Gammon (best LS in the game)
Benny Sapp (showed signs of promise)


That's all I can find.... Thank God I don't work in the front office. This offseason will be a nightmare.[/QUOTE]

I'm sorry to corect you, but you're wrong. You have to take the ramainder of their prorated bonus and apply it to this years cap, not just this years. If the remainder of their cap is larger than their current salary, it cost the team money to cut them. Thus, putting the Chiefs deeper in debt against the cap. The only was for the Chiefs to save money on some of these guys is to cut them after June 1 to split the prorated bonus over 2006 and 2007. Since 2007 doesn't currently have a cap, it's likely all of these guys will be cut then (assuming there isn't an agreement befor that point)

You posted...

Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) Cap number 3.5 million, (saves 500k if cut)

Unfortunatly you're wrong..

He has 4 years left of his contract @ $750K PER year. That's $3 million left in prorated bonus. Subtract his current salary from the $3 million and it COST the chiefs $250K to cut him befor June 1.

If they wait till after June 1, only half of the bonus counts against this years cap. So you take $2,750,000 and subtract $1.5 million and save $1.25 million against this years cap. Just keep in mind they'll have to eat the remaining $1.5 million of bonus money in 2007 if some form of salary cap is agreed upon befor that point.

[jspchief]

I'm sorry to corect you, but you're wrong. You have to take the ramainder of their prorated bonus and apply it to this years cap, not just this years. If the remainder of their cap is larger than their current salary, it cost the team money to cut them. Thus, putting the Chiefs deeper in debt against the cap. The only was for the Chiefs to save money on some of these guys is to cut them after June 1 to split the prorated bonus over 2006 and 2007. Since 2007 doesn't currently have a cap, it's likely all of these guys will be cut then (assuming there isn't an agreement befor that point)

You posted...

Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) Cap number 3.5 million, (saves 500k if cut)

Unfortunatly you're wrong..

He has 4 years left of his contract @ $750K PER year. That's $3 million left in prorated bonus. Subtract his current salary from the $3 million and it COST the chiefs $250K to cut him befor June 1.

If they wait till after June 1, only half of the bonus counts against this years cap. So you take $2,750,000 and subtract $1.5 million and save $1.25 million against this years cap. Just keep in mind they'll have to eat the remaining $1.5 million of bonus money in 2007 if some form of salary cap is agreed upon befor that point.You're forgetting to add the pro-rated bonus to his base for this year's cap number.

His base cap hit is 2.75
Signing bonus cap hit is .75

That means he'll hit our cap for 3.5 this year if we keep him. If we cut him, he only hits the cap for the 3 million worth of signing bonus remaining. Cutting him saves us 500k.

[JohnnyV13]

Also, if Priest hangs 'em up next year due to his neck injury the team will put him on IR. That move takes him off our 06 roster and we save his entire base salary. (Tho his prorated bonus counts vs. the 06 cap).

[Chiefaholic]

I'm bored, so I'll take this another step. If these guys are cut after June 1, the numbers are considerably different.

Barber, Shawn 2,750,000 4 years left of 7 ($750K/year bonus) (saves $1.25 million)
Bartee, William 1,100,000 2 years left of 4 ($312K/year bonus) (saves $788,000)
Bell, Kendrell 2,710,000 6 years left of 7 ($500K/year bonus) (saves $1.21 million)
Hicks, Eric 2,100,000 4 years left of 7 ($500K/year bonus) (saves $1.1 million)
Holmes, Priest 3,250,000 4 years left of 5 ??? nobody knows any details on this situation
McCleon, Dexter 2,000,000 2 years left of 5 ($500K/year bonus) (saves $1.5 million )
Shields, Will 5,100,000 1 years left of 6 ($1.2 M/year bonus) (saves $4.5 million)
Sims, Ryan 1,167,000 3 years left of 7 ($1.4 M/year bonus) (cost team $933,000 if cut)
Warfield, Eric 3,775,000 3 years left of 7 ($700K/year bonus) (saves $2.725 million if cut)
Wesley, Greg 2,500,000 4 years left of 7 ($650K/year bonus) ($300K roster bonus) (saves the team $400K if cut befor roster bonus) (saves team 900,000 if cut after roster bonus)
Woods, Jerome 1,600,000 4 years left of 6 ($550K/year bonus) (saves $500,000 if cut)


If next year is indeed an uncapped year (not likely), then we can save $15.706 million this year by letting these guys go after June 1. Priest is still up in the air due to how or IF he leaves the team. But, if the NFL comes to an agreement next season on a salary cap, we'll have $15 million in dead money counting against next years cap.

[jspchief]

I'm bored, so I'll take this another step. If these guys are cut after June 1, the numbers are considerably different.

You are figuring their cap numbers wrong. You have to remember to add that years pro-rated bonus amount to their base to get the cap number.

For example, Shawn Barber is 2.75 base + .75 pro rated bonus, giving him a 3.5 cap number.

[Chiefaholic]

You are figuring their cap numbers wrong. You have to remember to add that years pro-rated bonus amount to their base to get the cap number.

For example, Shawn Barber is 2.75 base + .75 pro rated bonus, giving him a 3.5 cap number.

I could be wrong, but I'm fairly sure I'm not. Shawn has 4 years left of his contract. The bonus is spread $750,000 per year through the entire contract. When a player is cut you have to take all of the remainder of the prorated signing bonus and apply it to this year. OR they have the option to cut a guy after June 1 and split the remainder of the prorated bonus and split it between the two seasons.

4 years times $750K per is $3 million. They can cut him now and all of the $3 million goes against this years cap. If you subtract his salary from that, it costs the team $250K to cut him now. But, if they wait till after June 1, only 2 of the remaining four years count against this years cap ($1.5 million), then the remaining two years count against next years cap (another $1.5 million).

[BigRedChief]

#'s from here:
http://www.chiefswarpath.com/resources/playersalaries.htm

Players that need or will be cut or retire before the start of the next season. #'s are in millions.

Barber 2.7
Bell 2.7
Hicks 2.1
Priest 3.25
McCleon 2.0
Wesley 2.5
Woods 1.6
Shields 5.1
total = $22 Million

If Roaf doesn't come back add in 3.5 million to this total.

But remember if we do cut this salary above their signing bonus money will have to be paid in 2006 or if cut after June 1st then in 2006-2007. Which will obviously cut down on saving cap room. And what the hell does no CBA mean to these figures with a uncapped 2007 looming?

Big salaries next year. Gonzalez 3.6 mill and Trent 5.7 million

[JohnnyV13]

Chiefaholic, you have the signing bonus rule correct, but what you have wrong is the difference between CAP NUMBER and BASE SALARY.

To get get the CAP Number in any given year, you have to add the BASE SALARY to the pro-rated portion of the signing bonus.
(Base Salary+pro-rated bonus=Cap Number)

So, when you cut a player, the unused signing bonus accelerates into that year you cut him. YOU SUBTRACT THE UNUSED BONUS FROM THE CAP NUMBER not the BASE SALARY.
(Cap number-unused bonus=savings)

Your calculations would be correct IF the numbers listed were CAP NUMBERS. But those numbers are BASE SALARIES. You have incorrect calculations because you did (Base Salary-unused bonus),

[JohnnyV13]

BTW
The Collective Bargaining Agreement runs out after 2006. 2007 is currently an "uncapped year".

The June 1 rule doesnt apply IF you are in the final capped year. Therefore, cutting a player after June 1 won't make any difference this offseason, unless the NFL can agree with the players to extend the CBA.