03-13-2021, 12:25 PM
(03-13-2021, 12:06 PM)Luvnit2 Wrote: I think we need to be smart. They need to restructure Geno in next few days or trade him. If not, wait until June 1st and after draft and cut him to save 9 million dollars in 2021.
Fwiw, here is how Geno's cap hits look pre and post June 1st.
Pre-June 1st
9.5 mil in cap savings in 2021. 0 in dead cap in 2022.
Post-June 1st
12.1 mil in cap savings in 2021. 2.6 mil in dead cap in 2022.
Basically the only difference is that if you cut before June you're absorb all of his dead cap onto 2021 (5.2 mil). But if you wait to cut him you split the dead cap across both remaining years of his contract. (2.6 mil in 2021 and 2.6 mil in 2022).
The overall savings and club payouts do not change. And with the Bengals usually leaving 7 to 12 mil to rollover, the difference in absorbing 2.6 mil onto either year is pretty much inconsequential. Not to mention, they can always move other bonus around to compensate for this.
