Can the Cards afford to trade Shelton?

[joeshmo]

The only question I do have is when does the "dead money" clear? Does that dead money only stay there for the season during which they are released or what?

Before June 1st that year, after June 1st half that year half next year.

 

[AntSports Steve]

Wow, JasonKGME, how did I screw that up. You are correct. Trading Shelton will accelerate his signing bonus of $3.34, but subtract his $3.0 salary plus his 2005 bonus of $0.833, and yes, trading him would save the difference of about $500K. It sucks that I screwed that up.

I'm thinking that cutting a person before June 1st accellerates all their prorated signing bonus left into the current years cap, but cutting them after June 1st, puts the current years signing bonus against the cap, but moves the rest of their bonus into the next year.

Is the same true on trading them? I'm not sure. I had though that if a player is traded, even after June 1st, all their signing bonus counts against the current years cap. Can anyone check the rules?

 

[ThunderCard]

Wow, JasonKGME, how did I screw that up. You are correct. Trading Shelton will accelerate his signing bonus of $3.34, but subtract his $3.0 salary plus his 2005 bonus of $0.833, and yes, trading him would save the difference of about $500K. It sucks that I screwed that up.

I'm thinking that cutting a person before June 1st accellerates all their prorated signing bonus left into the current years cap, but cutting them after June 1st, puts the current years signing bonus against the cap, but moves the rest of their bonus into the next year.

Is the same true on trading them? I'm not sure. I had though that if a player is traded, even after June 1st, all their signing bonus counts against the current years cap. Can anyone check the rules?

On all trades the signing bonus is accelerates to the first year. So in essence we take a full cap hit this year if we trade any players. Still 500K is 500K, and we will be rid of a 3.0 million contract next year.

 

[BACH]

I talked to Kent, and he said both Shelton's agent and NFLPA agree.

Shelton got a contract extension in Nov 2003, which gave him a $2M raise for that year (kind of like a bonus, off the 2003 cap) and a $5M signing bonus, which they prorated across 6 years for $0.833333 per year. So, according to Kent, he still has 4 years left. $0.8333 * 4 years = $3.33333 as prorated bonus.

Cardinals | Shelton Signs Contract Extension - from www.KFFL.com
Sat, 1 Nov 2003 19:04:23 -0800

Darren Urban, of the East Valley Tribune, reports that Arizona Cardinals OT L.J. Shelton has agreed to a five-year contract extension. Financial terms of the deal were not released.


This is what I don't understand. If the press can report this on 1 Nov, wouldn't the deal have been completed BEFORE the 31 Oct deadline???

I'm usually a Graves supporter but if it wasn't completed before the deadline Graves made a HUGE mistake...

 

[Dr. Jones]

By cutting Anthony Clement and Wendell Bryant and Calvin Pace, we should be able to free up several mill. Check joeschmo's numbers.

How embarrasing this is.

 

[Faithful]

That's right, slip into my mind controlling Kool-Aid Muhahahaha!