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Packers Releasing Nick Perry
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<blockquote data-quote="HardRightEdge" data-source="post: 824812"><p>No, they did what they did so that they could take $3.7 mil in cap savings now rather than carry about $9 mil in cap cost in Perry's name until June 1. That's about $12.7 mil swing in aditional cap space between now and June 1. Had they taken the June 1 option, current cap space would be down to $2-3 mil until June 1 when a big chunck of cap flows back in. They couldn't even sign the draft class without that move as things stand.</p><p></p><p>In fact, with deductions for just Allison and Lewis they'd be right at the cap limit until June 1.</p><p></p><p>It doesn't matter which year the dead cap is carried; it is a sunk cost in the same amout whichever option is chosen and in whatever year you post it. You might not want to look at that amount next year as some annoying reminder of a past mistake, but which year it is posted is not the relevant financial factor.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 824812"] No, they did what they did so that they could take $3.7 mil in cap savings now rather than carry about $9 mil in cap cost in Perry's name until June 1. That's about $12.7 mil swing in aditional cap space between now and June 1. Had they taken the June 1 option, current cap space would be down to $2-3 mil until June 1 when a big chunck of cap flows back in. They couldn't even sign the draft class without that move as things stand. In fact, with deductions for just Allison and Lewis they'd be right at the cap limit until June 1. It doesn't matter which year the dead cap is carried; it is a sunk cost in the same amout whichever option is chosen and in whatever year you post it. You might not want to look at that amount next year as some annoying reminder of a past mistake, but which year it is posted is not the relevant financial factor. [/QUOTE]
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