The first 17 picks Saturday.

[papabear]

Everyone keeps talking about all the money we tied up in Reeves, but I was under the impression that even though his contract had a pretty big number that the deal was structured so that we could get rid of him after one year without major cap implications. Maybe Keith can clear that up....because I'm not sure where I got that and it could be completely wrong.

Of course, if he plays great then we will want to keep him so the point about already having money tied up is still valid....alhough Bennet will be cheap until his rookie contract runs out.

[painekiller]

Originally Posted by papabear

Everyone keeps talking about all the money we tied up in Reeves, but I was under the impression that even though his contract had a pretty big number that the deal was structured so that we could get rid of him after one year without major cap implications. Maybe Keith can clear that up....because I'm not sure where I got that and it could be completely wrong.

Of course, if he plays great then we will want to keep him so the point about already having money tied up is still valid....alhough Bennet will be cheap until his rookie contract runs out.

5 years 20MM, 8 MM signing.

So unless he is a June 1st cut next year, cutting him will cost a bunch.

Reeves contract is why I am saying they should not draft a CB in the 1st.

[Keith]

Originally Posted by papabear

Everyone keeps talking about all the money we tied up in Reeves, but I was under the impression that even though his contract had a pretty big number that the deal was structured so that we could get rid of him after one year without major cap implications. Maybe Keith can clear that up....because I'm not sure where I got that and it could be completely wrong.

Reeves signed a 5-year contract that included a $4 million signing bonus ($4MM / 5 yr = $800k/yr prorate). He also got an addition $2 million as a roster bonus on this year's cap, which is the reason why cutting him after this year or next would be less painful... that extra $2MM won't need to be spread over future years.

2008: $1MM base, $800k prorate, $2MM roster = $3.8MM cap hit

So getting rid of Reeves after just one year would mean ($800k * 4 years) $3.2 million in dead money. If taken as a June 1, 2009 cut, that would mean $800k on the 2009 cap and $2.4 million on the 2010 cap.

[painekiller]

Originally Posted by Keith

Reeves signed a 5-year contract that included a $4 million signing bonus ($4MM / 5 yr = $800k/yr prorate). He also got an addition $2 million as a roster bonus on this year's cap, which is the reason why cutting him after this year or next would be less painful... that extra $2MM won't need to be spread over future years.

2008: $1MM base, $800k prorate, $2MM roster = $3.8MM cap hit

So getting rid of Reeves after just one year would mean ($800k * 4 years) $3.2 million in dead money. If taken as a June 1, 2009 cut, that would mean $800k on the 2009 cap and $2.4 million on the 2010 cap.

Thanks for clearing this up, if he does not work out then letting him go is not as huge a deal as I had feared.

Besides, if Dunta comes back having him, Bennett and now Moulden as the top 3 CBs is a nice group.

Now lets see how our Lbs shake out.

[Roy P]

Originally Posted by painekiller

Moulden as the top 3 CBs is a nice group.

I've seen this a lot. Since he's now on our team, we should learn how to spell his name: Antwaun Molden. There is a "u" in Antwaun but not in Molden.