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From this piece this morning:
Patriots had no inside knowledge of murder charge before cutting Aaron Hernandez - Patriots - Boston.com
He explains the reasoning here:
Patriots had no inside knowledge of murder charge before cutting Aaron Hernandez - Patriots - Boston.com
NFLPA records show — and the Patriots source confirmed — that Hernandez’s 2013 salary cap number will be $2.55 million.
That number is equal to his two signing bonus prorations — $2.5 million from his new contract, and $50,000 from his rookie deal signed in 2010.
He explains the reasoning here:
His 2013 salary cap number was supposed to be $4.073 million, but the Patriots picked up $1.5 million in cap space. Many reports assumed that Hernandez’s cap number would be $5.092 million because it was not believed that the Patriots could void the guaranteed money. Instead it will be half of that.
Hernandez’s 2014 cap number was supposed to be $4.2 million, but now it will be significantly higher — $7.5 million. The $1.173 guaranteed salary and $500,000 workout bonus are wiped out, but because the cut occurred after June 1, the Patriots have to account for the other three-fifths of the signing bonus on the 2014 salary cap. The Patriots will also look to ask the NFL to lower that salary cap number on the grounds that Hernandez violated league rules, but that could be an uphill battle.