Duke4life831 wrote:Cactus Jack wrote:Duke4life831 wrote:To be fair, I kind of get it. His dead cap is still higher than his actual cap hit. Ya they would save the 10 mil roster bonus, but still doesn't make up for the difference.
His actual legit contract out is after this upcoming season. Next year his cap hit is 57.5 vs a dead cap hit of 35. So they can actually save 20+ mil cutting him after this upcoming season.
For this upcoming season, his cap hit is 40 mil, while his dead cap hit is 75mil...
There is just no getting around this. This was a horrible contract to give out and even dumber to then draft Penix.
I'm just confused as to why they would take on more dead money basically (sunk cost). They already owed him $65m. Now it's $75m in total?
They had the option of releasing him with a post June 1st designation. That way they could've spread the hit over 2 years.
I was watching someone talk about the deal a couple days ago (since some Vikings fans were open to the idea of him coming back to Minny for cheap to be the backup). It's a pretty tricky contract from what it sounds like and far beyond my basic level of understanding of the NFL cap haha.
But what it sounded like is this. Kirk on the roster this year, is cheaper than him not on it. His dead cap is 75 (65 prior to this bonus), but him on the roster and all the bonuses have his cap hit at like 40 or 50. Plus there is something with the way his roster bonus works, that there is a possibility it gets offset next year if he's on a different team (traded).
So long story short. Sounded like there was no actual financial benefit for the team to cut him this year. Especially with next summer being a far more beneficial time to part ways with him.
But ya I won't lie. I think I have a pretty solid grasp of the basics of the NFL cap. But once it starts to get real advance, I start getting pretty lost haha
I mean, it's that plus they don't really need the cap right now
Like, there's really nobody to use it on, so the little they save wouldn't do much
Plus, if anything happens with Penix, Kirk is still a legitimate starting QB, or at least would be better than anyone else you could get right now outside of drafting one in the 1st
No real benefit to cutting him this year, like you said though next year he's gone.