02-23-2007, 11:47 AM
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#3
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PatsFans.com Supporter
Join Date: Mar 2005
Posts: 19,949
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Re: Conflicting stories about Corey...CONFUSING!!
Quote:
Originally Posted by everlong
Breer got it right
http://patriots.bostonherald.com/pat...ticleid=184571
And here's the important part
Feldman said that once March 2 rolls around, “all options are open,” and retirement would be one of those. But the agent intimated that Dillon would only hang up his cleats if the right offer didn’t come along.
Dillon, 32, has three years remaining on his contract, with a $4.4 million cap hit for 2007.
Breer is only half right here.
http://www.patscap.com/
It's 4.4M before 6/1 and 1.9M after. So Dillon and Feldman want to get cut on 3/2 so he has more options, the Pats will want 6/1 to reduce the cap hit.
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Actually this is the important part of the article:
"After speaking to Dillon late last night, agent Steve Feldman said the future Hall of Fame tailback has asked the Patriots for his release, and it will be granted on March 2, the first day of the NFL’s free agency period.
He is due a $3M option bonus in March, so the Pats may not have the luxury of waiting until June. The agent said they have agreed to release him, and that would be a good reason why. That option included language that called for the $3M to become guaranteed salary if the option wasn't picked up. When the option was deferred from 2006 to 2007 it now appears likely that language may have remained in effect, or perhaps language granting FA was substituted for it.
I also believe the new CBA allows a team to cut up to two vets before June 1 and treat them as if they had waited. The players association lobbied for that one so those players would have a better shot at catching on elsewhere early in FA.
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