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Old 01-21-2021, 01:57 PM   #1
duncan_idaho duncan_idaho is offline
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Originally Posted by htismaqe View Post
Losing Schwartz will actually cost us money. The dead cap hit is almost double the savings.

I finally looked up his deal. He has a year left on his contract, with a $6M base, $3.75M prorated portion of his bonus left, and a $250k roster bonus.

So they’d be on the hook for what’s left of his bonus proration (3.75M), but what else are you projecting?
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Old 01-21-2021, 03:25 PM   #2
htismaqe htismaqe is offline
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Originally Posted by duncan_idaho View Post
I finally looked up his deal. He has a year left on his contract, with a $6M base, $3.75M prorated portion of his bonus left, and a $250k roster bonus.

So they’d be on the hook for what’s left of his bonus proration (3.75M), but what else are you projecting?
Interesting. Those numbers on Spotrac have changed since the season ended. Somehow the opt-out year must have had a weird affect.

You are right though, the dead cap is only $3.75M. That being said, his salary is only $5M, so not saving all that much.
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Old 01-29-2021, 04:22 AM   #3
BryanBusby BryanBusby is offline
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Originally Posted by duncan_idaho View Post
I finally looked up his deal. He has a year left on his contract, with a $6M base, $3.75M prorated portion of his bonus left, and a $250k roster bonus.

So they’d be on the hook for what’s left of his bonus proration (3.75M), but what else are you projecting?
The Chiefs can recoup the 3.75m if he retires and have 0 dead cap.
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Old 01-29-2021, 10:28 AM   #4
htismaqe htismaqe is offline
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The Chiefs can recoup the 3.75m if he retires and have 0 dead cap.
From what I've read, they can get the $3.75 back but they still have to account for it in the cap. This is from reading stories about Luck, Kuechly, and others. The cap hit is already there so even if they get the bonus back, it just goes into their cash reserves, it doesn't come out of the cap.
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Old 01-29-2021, 07:19 PM   #5
BryanBusby BryanBusby is offline
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Originally Posted by htismaqe View Post
From what I've read, they can get the $3.75 back but they still have to account for it in the cap. This is from reading stories about Luck, Kuechly, and others. The cap hit is already there so even if they get the bonus back, it just goes into their cash reserves, it doesn't come out of the cap.
It will count against the cap until the bonus is officially recovered from the player when it will become a cap credit.
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