NFL Week 11

[WrigleyField 22]

So the dead cap for Quinn in 2022-24 is 9.3m total (3.1 equal installments).

 

If he's traded, that 9.3m accelerates, but they save 11.6m in base salary and a workout bonus. 11.6-9.3 = 2.3m in 2021 savings. Then in 2022, presuming he'd have just been waived, that remaining 9.3m is the savings. Total 11.6m savings (I forgot about a 0.1m roster bonus before).

 

But the other way to look at it is just that the dead cap is dead and you can't really save it ever. And the rollforward nature of the cap means that moving cap hits around can be done with relative ease. To look at total potential savings you just look at base salaries you would have otherwise paid that you won't. That's the "true" savings. In a cut, savings you're only looking at non-guaranteed savings. With a trade it'd be guaranteed and non-guaranteed salaries.

 

Take Charles Leno as another example. He's got a weird contract with some deferred money in 22-23. If thet cut him I look at his 8.9m remaining 2021 base salary (all non-guaranteed) as the savings. With the cap rules you'd see "only 6.2m" as the savings, which is true in 2021 cap space, but with the acceleration of dead caps, you'd save the extra 2.7m in 2022. If you "needed" that extra 2.7m now you'd use the June 1 feature or you'd just do some restructuring tricks somewhere else, basically shifting around someone else's dead cap to move the cap around. All else being the same you always want to defer dead caps because you can roll forward unused cap but there are penalties for going over. The key is knowing your future liabilities as to not overspend too much.

 

That may have been more than you were looking for but hopefully it helps some haha.

[raw]

So the dead cap for Quinn in 2022-24 is 9.3m total (3.1 equal installments).

 

If he's traded, that 9.3m accelerates, but they save 11.6m in base salary and a workout bonus. 11.6-9.3 = 2.3m in 2021 savings. Then in 2022, presuming he'd have just been waived, that remaining 9.3m is the savings. Total 11.6m savings (I forgot about a 0.1m roster bonus before).

 

But the other way to look at it is just that the dead cap is dead and you can't really save it ever. And the rollforward nature of the cap means that moving cap hits around can be done with relative ease. To look at total potential savings you just look at base salaries you would have otherwise paid that you won't. That's the "true" savings. In a cut, savings you're only looking at non-guaranteed savings. With a trade it'd be guaranteed and non-guaranteed salaries.

 

Take Charles Leno as another example. He's got a weird contract with some deferred money in 22-23. If thet cut him I look at his 8.9m remaining 2021 base salary (all non-guaranteed) as the savings. With the cap rules you'd see "only 6.2m" as the savings, which is true in 2021 cap space, but with the acceleration of dead caps, you'd save the extra 2.7m in 2022. If you "needed" that extra 2.7m now you'd use the June 1 feature or you'd just do some restructuring tricks somewhere else, basically shifting around someone else's dead cap to move the cap around. All else being the same you always want to defer dead caps because you can roll forward unused cap but there are penalties for going over. The key is knowing your future liabilities as to not overspend too much.

 

That may have been more than you were looking for but hopefully it helps some haha.

 

I don't know if you can June 1 cut Leno, because he's a FA after 2021. The June 1 feature allows you to spread the dead caps over 2 years, but I don't think you can spread that over a season he wouldn't be under contract anyway. Then again, that deferred money may make a difference.

[WrigleyField 22]

So the dead cap for Quinn in 2022-24 is 9.3m total (3.1 equal installments).

 

If he's traded, that 9.3m accelerates, but they save 11.6m in base salary and a workout bonus. 11.6-9.3 = 2.3m in 2021 savings. Then in 2022, presuming he'd have just been waived, that remaining 9.3m is the savings. Total 11.6m savings (I forgot about a 0.1m roster bonus before).

 

But the other way to look at it is just that the dead cap is dead and you can't really save it ever. And the rollforward nature of the cap means that moving cap hits around can be done with relative ease. To look at total potential savings you just look at base salaries you would have otherwise paid that you won't. That's the "true" savings. In a cut, savings you're only looking at non-guaranteed savings. With a trade it'd be guaranteed and non-guaranteed salaries.

 

Take Charles Leno as another example. He's got a weird contract with some deferred money in 22-23. If thet cut him I look at his 8.9m remaining 2021 base salary (all non-guaranteed) as the savings. With the cap rules you'd see "only 6.2m" as the savings, which is true in 2021 cap space, but with the acceleration of dead caps, you'd save the extra 2.7m in 2022. If you "needed" that extra 2.7m now you'd use the June 1 feature or you'd just do some restructuring tricks somewhere else, basically shifting around someone else's dead cap to move the cap around. All else being the same you always want to defer dead caps because you can roll forward unused cap but there are penalties for going over. The key is knowing your future liabilities as to not overspend too much.

 

That may have been more than you were looking for but hopefully it helps some haha.

 

I don't know if you can June 1 cut Leno, because he's a FA after 2021. The June 1 feature allows you to spread the dead caps over 2 years, but I don't think you can spread that over a season he wouldn't be under contract anyway. Then again, that deferred money may make a difference.

You're right in a typical "one year remaining" scenario. But I think those extra deferred/void years matter in the case of Leno since at the time of the cut they would be contract years that are potentially voidable, but for which the criteria to void them haven't been met.

 

So for instance Hicks can't be June 1 cut. Well, he could be cut after June 1, but there wouldn't be any special cap accounting for it.

[raw]

So the dead cap for Quinn in 2022-24 is 9.3m total (3.1 equal installments).

 

If he's traded, that 9.3m accelerates, but they save 11.6m in base salary and a workout bonus. 11.6-9.3 = 2.3m in 2021 savings. Then in 2022, presuming he'd have just been waived, that remaining 9.3m is the savings. Total 11.6m savings (I forgot about a 0.1m roster bonus before).

 

But the other way to look at it is just that the dead cap is dead and you can't really save it ever. And the rollforward nature of the cap means that moving cap hits around can be done with relative ease. To look at total potential savings you just look at base salaries you would have otherwise paid that you won't. That's the "true" savings. In a cut, savings you're only looking at non-guaranteed savings. With a trade it'd be guaranteed and non-guaranteed salaries.

 

Take Charles Leno as another example. He's got a weird contract with some deferred money in 22-23. If thet cut him I look at his 8.9m remaining 2021 base salary (all non-guaranteed) as the savings. With the cap rules you'd see "only 6.2m" as the savings, which is true in 2021 cap space, but with the acceleration of dead caps, you'd save the extra 2.7m in 2022. If you "needed" that extra 2.7m now you'd use the June 1 feature or you'd just do some restructuring tricks somewhere else, basically shifting around someone else's dead cap to move the cap around. All else being the same you always want to defer dead caps because you can roll forward unused cap but there are penalties for going over. The key is knowing your future liabilities as to not overspend too much.

 

That may have been more than you were looking for but hopefully it helps some haha.

 

I don't know if you can June 1 cut Leno, because he's a FA after 2021. The June 1 feature allows you to spread the dead caps over 2 years, but I don't think you can spread that over a season he wouldn't be under contract anyway. Then again, that deferred money may make a difference.

You're right in a typical "one year remaining" scenario. But I think those extra deferred/void years matter in the case of Leno since at the time of the cut they would be contract years that are potentially voidable, but for which the criteria to void them haven't been met.

 

So for instance Hicks can't be June 1 cut. Well, he could be cut after June 1, but there wouldn't be any special cap accounting for it.

 

Gotcha. I should have figured those void years made a difference.

[raw]

Russell Wilson to DK: 10- 13, 177 yards.

Russell Wilson to everyone else: 11-15, 46 yards, 1 TD