original poster":1k978e8f said:
There's basically 4 options with Kam -
Option 1 - He retires, in this situation his dead money would only be $7.5M. You can take all of that hit in 2018 if you want
OR
Option 2 - do a post June 1st cut and make the dead money in 2018 $2.5M with cap savings of $7.3M for 2018 but with $5M in dead money in 2019 ($2.5M dead money in 2018 and £5M dead money in 2019 totalling $7.5M) That's option 2.
On option 1, I don't believe that the team has a choice of when to take the cap hit when a player retires... I believe that it must take all of the $7.5M dead money cap hit in 2018. Anybody here know for certain?
On option 2 (post-June 1st cut), the team has the option of taking all of his remaining $7.5M prorated bonus as a dead money cap hit in 2018, or they have the option of spreading it out over 2018 and 2019, resulting in a $3.75M dead money hit each year.
Overthecap.com leads you to believe that it could be spread over the remaining three years of his contract but I don't believe that is an option.
So if I am correct and the team decides to spread it over 2018 and 2019, the 2018 cap savings would be $6.05M ($9.8M - 3.75M = $6.05M). And, of course, the $3.75M is dead money against the 2018 cap.
And in 2019, the cap savings would be $9.35M ($13M - 3.75M = $9.25M). And the 2019 dead money hit is $3.75M again.
And the cap savings is 2020 would be his 2020 salary plus his roster bonus... or $12M total ($10.5M + 1.5M = $12M). No dead money hit in 2020.
The short-coming with post-June 1st cuts is the team can't utilize the cap savings during the FA frenzy that happens in mid-March. The cap space saved is not available to be spent until June 1st.