|
|
![]() |
#1 | |
M-I-Z-Z-O-U
Join Date: Apr 2001
Location: Kansas City
Casino cash: $-2169692
|
Quote:
Not ideal, but not an insurmountable obstacle (and still a significant savings over what the cap hit otherwise would be).
__________________
"You gotta love livin', cause dying is a pain in the ass." ---- Sinatra |
|
Posts: 22,448
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#2 |
In Search of a Life
Join Date: Aug 2008
Casino cash: $-1805503
|
Cap hit to cut in year 4 is $6M. It's a $15M signing bonus prorated by $3M over 5 years. $15M to cut in year 1, $12M in year 2, $9M in year 3, $6M in year 4.
|
Posts: 51,678
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#3 |
M-I-Z-Z-O-U
Join Date: Apr 2001
Location: Kansas City
Casino cash: $-2169692
|
If you cut after June 1, they are charged the regular prorated cap amount for that year, and the remainder for the following year.
__________________
"You gotta love livin', cause dying is a pain in the ass." ---- Sinatra |
Posts: 22,448
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#4 |
In Search of a Life
Join Date: Aug 2008
Casino cash: $-1805503
|
I don't know the nuances of that, admittedly. Maybe you're right. But it's still $6M in dead money. And it still locks you in to contracts that are very difficult to get out of. Flowers is grossly overpaid right now and there's not much we can do about it. That's the kind of thing that happens. These kinds of contracts "guarantee" a lot more money on the back end than they do the front end.
|
Posts: 51,678
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#5 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $-1805503
|
Quote:
Just looked it up. Learned something interesting today. ![]() |
|
Posts: 51,678
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() ![]() |
|
|