Gilmore restructures contract

[Bourne Again Christian]

If he is traded today we'd immediately would get hit by 24m dead money because of his prorated bonuses and restructures. If he is traded after June 1st you could spread it into two hits of about 12m for 2019 and 2020. This loses us about 11m of cap space (or gives us 1m if the trade happens after June 1st).

And if he is traded next year we would gain 3m in cap space but still incur about 15.3m of dead money. From what I have read there is no way to use a June 1 designation for cuts (or take advantage of it in trades) in the final CBA year. So you would not be able to spread this around.

Thanks for explaining this

 

[luuked]

Thanks for explaining this

Next time just quickly check at OverTheCap. It doesn't cost much time and after some time you will have a better idea why some moves are just not doable and how flexible the cap really is.

Stephon Gilmore Contract Details, Salary Cap Charges, Bonus Money, and Contract History | Over The Cap

You can even go through all possible scenarios in terms of when he is cut ect.

 

[borisman]

I predict there will not be any hugs between Kraft and Jeff Saturday in this next CBA negotiations, which cold get ugly unless the players bend the knee. Doubtful this time around but you never know.

 

[patsbrasilpatriotas]

Gilmore’s last year?

No unless you find a better CB for 3M next year, or he dies or he pull a Gronk ...

 

[ALP]

gilmore is not going anywhere for the next 3 years unless his play drops

more likely we see an extension 2 years from now than him leaving

 

[fnordcircle]

Wow, what a ****.