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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.Someone can check me on this but I believe his previous deal was all salary/incentives so there was no dead cap when he was cut.What was his cap hit for 2023 prior to release? And what was the dead money left after cutting him?
Someone can check me on this but I believe his previous deal was all salary/incentives so there was no dead cap when he was cut.
Seems like they brought him back at a cheaper price.
i thought i read something like 6 million savings after his release, i understood it if it was related to 2023Spotrac (which I know isn't Miguel's favorite) lists a $1.25m dead money hit for this year, on an original deal of 4/24. Not sure what the cap hits looked like pre release, but it feels like carrying a 1.25 dead hit plus now a potential 6.1 might be a wash for 2023, but shaves 2024 off the books. I'm sure it's more complicated than that, but that's what I've found so far.
Overthecap shows the same $1.25m dead cap hit for his release. His original cap hit prior to release was $6.13m. We’ll need to know the specifics of the deal about what’s likely to be earned incentives, but I would guess you’re right and that the 2023 cap hit will likely be a wash. And to your point, it does get 2024 off the books, not that we really needed the cap space.Spotrac (which I know isn't Miguel's favorite) lists a $1.25m dead money hit for this year, on an original deal of 4/24. Not sure what the cap hits looked like pre release, but it feels like carrying a 1.25 dead hit plus now a potential 6.1 might be a wash for 2023, but shaves 2024 off the books. I'm sure it's more complicated than that, but that's what I've found so far.
And by roundabout, I’m guessing the Patriots told him they wanted to restructure due to his being a safety, he said no - that he could earn as much as a safety in the open market. So the Pats cut him and told him to see what he could get in the market. It’s been 5 days and he got no bites (at least at the price he wanted), so he relented. Just my guess.Might just be as simple as he was being paid like a CB and they now wanted to pay him as a FS. Basically a roundabout way to restructure/paycut.