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Packer Free Agents: What should the Packers do? Track Their Decisions
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<blockquote data-quote="Pokerbrat2000" data-source="post: 818417" data-attributes="member: 7261"><p>Lot's of talk about outright cutting Nick Perry, to save $3.3M in cap, yet still get hit with his dead cap of $11.1M. The cut will have to take place before 3/14 or he gets a roster bonus of $4.8M and at that point, I don't see him being cut this year. Unless, they feel a post June 1st cut is beneficial to spread the cap hit out over 2 years.</p><p></p><p>Perry has definitely not even come close to living up to his contract and outright cutting him before 3/14 might be the obvious and maybe wise move. However, given the Packers current depth at OLB, this might be the case where a restructure of his remaining 3 years might benefit both sides.</p><p></p><p>The question is, how much is he worth on the open market? $2M on a 1 year prove it deal? What if the Packers offered to restructure to a 3 year $15M deal ($5M/year). Effectively, this would cost the Packers an additional $3.9M ($1.3/year) over the dead cap to employ Perry for 3 more years. It guarantees Perry that additional amount as well.</p><p></p><p>There is no doubt that Perry is not worth his current contract, but he does provide some value (when healthy) to the Packers. What that value is, I think is anybodies guess. If we had more depth at OLB, Perry is an easy cut. Unfortunately, we don't have depth, so if a restructured deal could actually (for once) be worked out, it might provide the Packers with a bit of help at a position of great need.</p></blockquote><p></p>
[QUOTE="Pokerbrat2000, post: 818417, member: 7261"] Lot's of talk about outright cutting Nick Perry, to save $3.3M in cap, yet still get hit with his dead cap of $11.1M. The cut will have to take place before 3/14 or he gets a roster bonus of $4.8M and at that point, I don't see him being cut this year. Unless, they feel a post June 1st cut is beneficial to spread the cap hit out over 2 years. Perry has definitely not even come close to living up to his contract and outright cutting him before 3/14 might be the obvious and maybe wise move. However, given the Packers current depth at OLB, this might be the case where a restructure of his remaining 3 years might benefit both sides. The question is, how much is he worth on the open market? $2M on a 1 year prove it deal? What if the Packers offered to restructure to a 3 year $15M deal ($5M/year). Effectively, this would cost the Packers an additional $3.9M ($1.3/year) over the dead cap to employ Perry for 3 more years. It guarantees Perry that additional amount as well. There is no doubt that Perry is not worth his current contract, but he does provide some value (when healthy) to the Packers. What that value is, I think is anybodies guess. If we had more depth at OLB, Perry is an easy cut. Unfortunately, we don't have depth, so if a restructured deal could actually (for once) be worked out, it might provide the Packers with a bit of help at a position of great need. [/QUOTE]
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