Clayton says Law is still in play

[ZootedGranny]

Courtesy a headsup from GA_Chief_KU and the Chiefscoalition board.

John Clayton was on ESPN Radio's the huddle, and said the following:

There are 4 teams still interested: Jacksonville, Kansas City, Miami and Tampa Bay.

Of the 4, Jacksonville has the most cap room, with around 5.7 mil. The next closest is Kansas City with around 3.5, and Miami and Tampa are trying to grab him for the league minimum.

When the Chiefs signed Ashley Ambrose, they told him they are still persuing Law.

Sean Salisbury also said that Law is looking great, and is cutting, but thinks that the foot is still a "tad bit ginger" and is 2 to 3 weeks away from a being ready for a full workout.

Audio of the conversation:

http://home.kc.rr.com/mkbaslee/clayton_huddle.mp3

or

s50.yousendit.com/d.aspx?id=0VKFQTFXUECYE0LCDI37G6ABD7

[whoman69]

Originally Posted by BigChiefDave

I didn't realize we had that much cap space...

If true, we already have enough to sign rookies with. Getting Law would be a matter of dropping some dead weight like McCleon and Woods.

[RedThat]

Originally Posted by whoman69

If true, we already have enough to sign rookies with. Getting Law would be a matter of dropping some dead weight like McCleon and Woods.

I also like to add, we would have to restructure several contracts to clear room for him. Guys like Warfield, Green, Holmes, Shields, Roaf would all have to take pay cuts.

[jspchief]

Originally Posted by whoman69

If true, we already have enough to sign rookies with. Getting Law would be a matter of dropping some dead weight like McCleon and Woods.

Cutting Mccleon would free up anout 300k. It's hard to say what cutting Woods would do (because he has a multi tiered bonus) but chances are this early in his contract, we would lose money.

There are very few players that the Chiefs could cut and save money (out of the ones worthy of cutting). Most of the real bums are too early in their contracts, so with accelerated bonuses, they would hurt the cap.

One guy that probably could free up some money is Barber. If we can sign an injury settlement with him, it would only hit our cap for 250k this year (I think).

[Wile_E_Coyote]

http://asp.usatoday.com/sports/footb...on.aspx?pos=13

Jerome Woods:
$3,500,000 signing bonus in 2004
xx$660,000 base salary in 2004

[TRR]

Originally Posted by jspchief

Cutting Mccleon would free up anout 300k. It's hard to say what cutting Woods would do (because he has a multi tiered bonus) but chances are this early in his contract, we would lose money.

There are very few players that the Chiefs could cut and save money (out of the ones worthy of cutting). Most of the real bums are too early in their contracts, so with accelerated bonuses, they would hurt the cap.

One guy that probably could free up some money is Barber. If we can sign an injury settlement with him, it would only hit our cap for 250k this year (I think).

There is no way I would cut McCleon to save 300k. McCleon was our most consistent CB in 2003, and he gives us great insurance.

[jspchief]

Originally Posted by Wile_E_Coyote

http://asp.usatoday.com/sports/footb...on.aspx?pos=13

Jerome Woods:
$3,500,000 signing bonus in 2004
xx$660,000 base salary in 2004

I'm not sure that 3.5 was all paid out in 2004. It was reported as a "multi-tiered" signing bonus, which leads me to believe it wasn't.

But for arguments sake, we'll say it was. That means if we cut him this year his remaining signing bonus will be accelerated to this year's cap. That adds up to almost 3 million. So we'll save the 865,000 in base, but owe the 2.9 mil in pro rated cap, costing us a cap hit of roughly 2 million. So instead of Woods hitting the cap for the 1.5 million that would consist of his base plus pro rated bonus, he'll hit for 2 million.

In effect, cutting Woods will consume 500k more than carrying him on the roster would.