Falcons: Jason La Canfora On Brent Grimes - Printable Version
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RE: Jason La Canfora On Brent Grimes - dmo_dlo - 02-21-2012 06:51 PM
Nowhere in what you quoted did I say that teams will not receive cap relief. I said, once money is paid it has to come off a team's cap, and it cannot be transferred as part of a trade.
If Turner stays with us the next two years his cap hit would be 7.5 (2.5 prorated bonus + 5 salary) and 8.0 (2.5 prorated bonus + 5.5 salary) in 2012 and 2013. If we cut or trade Turner now his cap hit for 2012 and 2013 will be 5 (2.5 + 2.5 prorated bonus from 2012 and 2013) and 0, respectively. So if we trade him today we'll get cap relief of 2.5M, not 7.5M, for this year and 8.0 next. If we trade or cut him after June 1st, we'll get cap relief of 5M this year and 5.5M next. In any case, the 5M prorated bonus we have paid him will come off our cap at some point. We cannot get rid of that as part of a trade.
You have to realize that salary cap works differently in NBA and NHL and MLS so maybe the athletes you worked with were not NFL players.
RE: Jason La Canfora On Brent Grimes - Beef - 02-21-2012 07:56 PM
(02-21-2012 06:51 PM)dmo_dlo Wrote: Nowhere in what you quoted did I say that teams will not receive cap relief. I said, once money is paid it has to come off a team's cap, and it cannot be transferred as part of a trade.
Right, so I guess "dead money" isn't a definitive statement in your world. And I already said I have NFL and MLB clients, and trust me I know the difference and I wouldn't be so confident about this if I wasn't referring to personal experience with managing football player money.
Anyways, nothing in the above quote addresses the reality that a trading team typically buys out (reimburses) the cap hit money that the original team takes.
I've never disagreed with you that the cap hit actually exists. I've said several times that "technically it does on paper". You're right, they can't avoid it and they can't technically call it a "transfer". But the reality is, the trading team is going to pay the original team money that typically equals the value of the remaining guaranteed money already paid that the player hasn't earned and that buyout money is going to give corresponding relief to the original team's cap.
So you can spin all the symantics and technicalities and act blind to the reality of it all if you like. But in the end, it's just BS words being spun to make it sound better for the attorney's, agents, and players. And ultimately, it is the same thing as a transfer. The original team shows a debit on the cap numbers and then the buyout reimburses them and they show a credit.
Now sometimes those numbers aren't exactly equal because during the negotiations the trading team may lowball the buyout offer and get the original team to come to a compromise. But the original team, such as the Falcons in a hypothetical trade of Turner, isn't going to end up with a $5M loss when it's done. They will get some or all of it back from the trading team and whatever they do get back will give them that much relief to their cap.