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george_allen
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dzrams
Under the 'Dead Money & Cap Savings' column on the right, select 'trade' instead of 'cut'. You should see that it shows a savings of $4.65M.
i have to wonder if OTC is correct on this.
the reason being is that the notes on gurley's contract at spotrac say his 2020 salary of $5.5M and his 2020 roster of $7.55M became guaranteed on 3/15/19.
I thought the way the cap works, any part of the contract that is guaranteed is the liability of the signing team. i thought this was how the rams got bortles for $1M while he got paid an additional $5.5M from jacksonville. i know bortles wasn't a trade but a cut and ufa signing, so maybe timing of the cut had something to do why jacksonville had to pay bortles the $5.5M. so let's say i'm off on my understanding ...
then snead would have to find a trade partner willing to pay gurley $13M in 2020, then decide if they want to keep todd after 2020 by the 3rd league day of 2021 or pay what becomes a guaranteed roster bonus of $5M.
if snead actually reaped a meaningful draft pick or player after the rams decided gurley wasn't worth keeping seems like asking a lot. seems more likely to me snead would have to send a draft pick with gurley, ala talib to miami, to consumate the deal.
on a side note, georgia is my 2nd favorite college team. i watched plenty of todd at georgia and jumped out of my seat when the rams drafted him. bouncing around and singing praises to the front office for having the balls for drafting him where they did. all this consternation about todd over the past year completely breaks my heart. the kid is is only 25 years old for crying out loud. i just wish for todd's sake 1st and foremost, todd could just be todd.
OTC is correct. It's pretty rare when they get stuff wrong.
Cuts and trades are different. In a trade, the trading team is not responsible for all of the guaranteed money. They are only responsible for the pro-rated portion of the contract. That is usually the signing bonus.
In Gurley's case, he received a $21M signing bonus that was spread over 2018 to 2022 in the amount of $4.2M per season. $8.4M of that signing bonus has already been accounted for in the 2018 and 2019 caps. All that remains is the bonus for the 3 remaining years or $12.6M. The Rams would have $12.6M in dead money on the 2020 cap. They would save the difference between his 2020 cap number of $17.25M and the dead money they would be eating of $12.6M for a net savings of $4.65M.
Cuts are different because the team is on the hook for any guaranteed money in addition to the pro-rated money. Since Todd has $13.05M guaranteed next year, the Rams would have $25.65M ($12.6 pro-rated amount + $13.05M guaranteed amount) in dead money. They'd be losing $8M on the cap which is why they won't cut him next year.
Bortles was cut which means Jacksonville had to pay him all his guaranteed money. Then the Rams picked him up for the vet minimum. Two separate transactions. Bortles was simply fine signing the vet minimum because he was getting $5 plus million for free from Jax.
Snead would have to find a team willing to pay Gurley $13M in 2020 and $9M and $10M respectively in 2021 and 2022. It's probably unlikely given the health of his knee. If a team was willing though, the point for the Rams wouldn't be to get back meaningful draft compensation, it would be to free up nearly $5M on the cap next year and approx $10M each of the next two years after that.
I doubt it happens but it's possible.
