Until quite recently the pre/post June 1 trade numbers were for 2020. Here's what overthecap.com was showing less than 2 months ago ... and note that the most recent cap data was for 2020 at that time. Unless you looked closely you might think that trading Goff pre-June 1 would result in $29M in dead money and even a bit of a cap hit. But you actually had to look at the next line down to find the relevant number.
Basically if you checked overthecap in December for Goff trade info you were presented with data for 2020 ... even though the NFL was well past the 2020 trade deadline.
But now they have updated their data for the 2021 season, as you can see in this link [
overthecap.com] ... and in the screenshot below.
This shows the impact of trading Goff before June 1, 2021. I understand that the discussion is about a post-June 1 trade, but there's info here that helps to understand the post-June 1 trade.
When a player is traded, all of their prorated bonus amounts come due. Pre-June 1 they all come due the year of the trade. That amount shows up as 'dead money' and you can see that it would be $22.2M for pre-June 1 trade. Where that comes from is simply adding up the Prorated Bonus amounts left on the contract: $6.8M + $6.8M + $6.8M + $1.8M = $22.2M
Here's why that's important: the Rams still have to account for the entire $22.2M even if they trade him after June 1.
What's different about a post-June 1 trade is illustrated in the next screen shot, also from overthecap.com [
overthecap.com]
So yes, trading Goff after June 1 reduces the dead money this year from $22.2M to $6.8M ... which is simply the prorated bonus attributed to 2021. What overthecap doesn't show is that the remaining prorated bonus - to the tune of $15.4M - is applied to the 2022 cap.
The bottom line on a post-June 1 trade: $6.8M in dead money in 2021 with a cap savings of $27.825M. And then another $15.4M in dead money in 2022.
AlbaNY_Ram
Edited 1 time(s). Last edit at 01/20/2021 03:17PM by AlbaNY_Ram.