View Single Post
Old 08-17-2016, 01:19 PM   #3117
Meatloaf Meatloaf is offline
Supporter
 

Join Date: Feb 2013
Casino cash: $2000359
Quote:
Originally Posted by DaneMcCloud View Post
Actually, it looks kinda like the opposite, which is surprising

http://www.kansascity.com/sports/spt...e96180652.html

Chiefs gain $4 million in cap room with Rod Streater contract adjustment


The Chiefs had a little over $3 million in cap space on Wednesday, according to the NFL Players Association, which was a sharp contrast from previous days, where the number was around negative-$900,000.

So what happened? It appears there’s been an adjustment to wide receiver Rod Streater’s contract. Streater’s cap number dropped from $4.8 million to $810,000 due to a restructure of contract’s incentives that was filed in early August.

The renegotiation created cap room because Streater’s incentives — which were for things like receiving yards, touchdowns and receptions and total $4 million — were restructured to go from being likely-to-be-earned (and thus, counting against the cap) to not-likely-to-be-earned (and thus, not counting against the cap).

It is unclear why the change occurred — the Chiefs don’t comment publicly on business matters — but the Chiefs now find themselves with an adequate amount of cap room to play with as the season draws near.
Good find, Dane. Yeah, that sounds very odd, doesn't it? Wonder who decides what is likely/unlikely to be earned. Hmmmm...
Posts: 3,128
Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Meatloaf Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
    Reply With Quote