08-21-2009, 09:03 AM
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#7
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On The Game Day Roster
Join Date: Feb 2005
Posts: 395
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Re: We traded for Alex Smith?
Quote:
Originally Posted by farn
5th or lower... I think it's decent business to take a flyer from time to time on someone who might make a difference.
One problem - I think Smith's contract is kinda hefty... am I wrong ? That would bother me more than the pick, really (if it makes a difference).
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When the Bucs traded Smith to the Pats, the Bucs had to accelerate the amortization of the signing bonus onto their current cap year. The Patriots just assumed the salary for the cap year. If the Pats cut him before the start of Week 1, the Patriots are only carrying on the cap any bonuses that he earned after he joined the team. Those bonuses are either a roster bonus (none) or a small work-out bonus (not sure). So the Pats would get 98% to 100% of his cap space back if they cut him before Week 1.
Long story short, cutting him costs the Patriots nothing new; they already gave up the pick and can not recover it, and there are no cap consequences of the cut either.
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