Susan wrote:Even at 10.6M it's not that bad - Andy Dalton got $12m for a single year and if you get two wins on tape with Foles and considering his history - that's something you can pull off.
My understanding of the cap is really just what the spotrac roster management page does - we trade him and we're off the hook for the whole thing, if we cut him, we're basically adding $3m in cap space but taking on $7m+ in dead cap.
Turning Foles money into a Michael Gallop or Christian Kirk would go a long way to turning the offense around.
Looked it up at a couple places, and here's a quote that I thought sums it up well:
For the team trading the player, a trade is pretty much treated the same as the release of a player – the team is relieved of paying all future base salaries, but still must account for the bonus money that has already been paid to the player. Just like with the release of a player, the remaining unaccounted-for bonus pro-rations will accelerate and count against the team’s Salary Cap.
For the team acquiring the player, a trade means that the new team acquires the player’s remaining contract, but does not have any liability for any bonus money previously paid to the player.
As best I can tell, we're on the hook for Foles the dead cap money of 7.6M according to spotrac, though I'm not sure why this isn't 6.6M (the roster bonus + pro-rated sign on).
So it doesn't seem like trading Foles will save us any money vs releasing him, and if we're only saving 3M, we're probably better off keeping him as our own backup QB vs finding a different backup QB for 3M though the difference there is probably minimal.