The worst part is that the Chiefs can go after any remaining signing bonus and get it back (unless he chooses to fight it) but from what I've read about other cases, that recovered money is just cash, it doesn't give us any cap relief. It's already spent, so to speak.
Originally Posted by htismaqe:
Losing Schwartz will actually cost us money. The dead cap hit is almost double the savings.
I finally looked up his deal. He has a year left on his contract, with a $6M base, $3.75M prorated portion of his bonus left, and a $250k roster bonus.
So they’d be on the hook for what’s left of his bonus proration (3.75M), but what else are you projecting? [Reply]
Originally Posted by duncan_idaho:
I finally looked up his deal. He has a year left on his contract, with a $6M base, $3.75M prorated portion of his bonus left, and a $250k roster bonus.
So they’d be on the hook for what’s left of his bonus proration (3.75M), but what else are you projecting?
Interesting. Those numbers on Spotrac have changed since the season ended. Somehow the opt-out year must have had a weird affect.
You are right though, the dead cap is only $3.75M. That being said, his salary is only $5M, so not saving all that much. [Reply]
I know OL is the immediate need but it would be nice to get a guy like Carlos Basham. He could very well be Frank Clark's replacement. Dude is a beast. [Reply]
Originally Posted by Chieftain:
I know OL is the immediate need but it would be nice to get a guy like Carlos Basham. He could very well be Frank Clark's replacement. Dude is a beast.
Replacement?
The Chiefs need a guy opposite of Clark, not his replacement. [Reply]
Originally Posted by duncan_idaho:
I finally looked up his deal. He has a year left on his contract, with a $6M base, $3.75M prorated portion of his bonus left, and a $250k roster bonus.
So they’d be on the hook for what’s left of his bonus proration (3.75M), but what else are you projecting?
The Chiefs can recoup the 3.75m if he retires and have 0 dead cap. [Reply]
