Re: Interesting Amendola CAP number
posted at 1/27/2014 1:54 PM EST
In response to Muzwell's comment:
I don't know if this guy's numbers are correct. This is what spotrac says:
2015 4,000,000 1,200,000 500,000 5,700,000 3,600,000
2016 5,000,000 1,200,000 500,000 6,700,000 2,400,000
2017 6,000,000 1,200,000 500,000 7,700,000 1,200,000
If these are correct, his dead money hit this year (last column) is $6.8 mil and his cap hit $4.7 mil (fourth column). The article said his cap hit if they cut him is $4.8 mil, so something is incorrect. If the dead money hit is $6.8 mil, even if it can be spread out, that's too much. If they wait until next year it drops to $3.6 mil, that's when you make the move.
It's all about when they cut him. Pre June 1st it would be $6.8 mil if post June 1st (I forget how much he has due in roster bonus vs guaranteed) then this year they are only on the books for his bonus and guaranteed money ~$3mil if my math is right and then the remainder of the contract in bonuses excluding roster bonuses is due in dead money next year ~3.8mil.
In total however, adding in dead money if they cut him this year it would mean they effectively paid $10.3mil for 1 year of service. Didn't someone say this was a great contract? Even if they hold on to him next year and he does the same thing then the number is ~$5.5mil/yr for two years. And of course this will be the starting point for Edelmans contract. Boy, this one's hard to swallow what a horrible contract for an average WR. But, just think about that one. The Bronco's paid ~5mil for Welker this year and can release him without any significant cap hit if any this offseason. That means if both get released then essentially we paid double for Amendola for 1 year then we would have paid Welker if we offered him the same contract. Anyone other then Rusty want to say this was still the right move in hindsight?