So if we sign him for 3 years $25 million with $11 guaranteed and he gets 5 sacks next year, if we were to cut him what would be the ramifications? I'm guessing we would owe him $5.5 million ($11 million/remaining 2 years of the contract)? That's a $5.5 million cap hit if we cut him, correct? Is that it? Is there any dead money that would affect our cap?
I've never tried to understand the intricate details of the cap because ours has been so screwed up so often that I didn't want to figure out how simple all this was and get pissed that we're always in such a mess.
They wouldn't owe him anything...just account for the cap money. It also depends on how the guaranteed money is structured.
If it was 11M in signing bonus, then they'd have to account for 3.66M for each year cut short. On a 3 year deal, cutting him after 1 would leave 7.2M in dead money.
They could guarantee his first year's base money and give him a smaller SB. Say, 5M base and signing bonus of 8M.
That's 13M guaranteed but after the first year only 5.2M would be on the books because they've already taken the hit for the bonus portion and have paid him the base.