Cowboys discussing pay cut with Carr

[NoShame]

The Dallas Cowboys have discussed a possible pay cut with cornerback Brandon Carr.

Per Todd Archer of ESPNDallas.com, Carr's agent met with the Cowboys, and it's "likely" that the team would cut the corner if his contract isn't restructured:

"The Cowboys have met with his agent, Ben Dogra, to discuss a possible pay cut, but (Jerry) Jones said, "I don't have anything to report there." If Carr does not accept a pay cut he is likely to be cut and he might find a market that is not willing to spend as much on him as the Cowboys desire in part because of their uncertainty at the position."

Via the Star-Telegram, cutting Carr would likely be designated to June 1 which would save the Cowboys approximately $8 million in cap space in 2015. But, it would give them a $7.4 million charge in 2016.

The Cowboys appear to be doing everything they can in terms of freeing up necessary cap space for the free-agent period and beyond. That includes the possibility of franchise tagging wide receiver Dez Bryant in hopes of working out a new multi-year contract before July 15. A designated June 1 cut for Carr would help with Bryant's process.

 

[Midswat]

Please decline the pay cut, Brandon.

 

[peplaw06]

Via the Star-Telegram, cutting Carr would likely be designated to June 1 which would save the Cowboys approximately $8 million in cap space in 2015. But, it would give them a $7.4 million charge in 2016.

Can anyone explain how the June 1 cut designation ends up saving you $7.5 million over what you'd save if you cut him now?

 

[cmd34]

Keeping him is a $12,717,000 cap hit.

Cutting him now accelerates his prorated bonus (3 years remaining) which is a $12,151,000 cap hit, creating $566,000 in cap room (12,717,000-12,151,000).

Pro: Carr is completely off the books before the 2016 season.
Con: Only creates just over $500k in cap room. You are using $12,151,000 in cap room and you don't get Carr's services.

Cutting him June 1st, allows you to just take the hit for his 2015 prorated bonus ($4,717,000) and be off the hook for his 2015 base of $8,000,000. This creates that much ($8M) in cap room as of June 1st (12,717,000-4,717,000). The rest of his prorated bonus, $7,424,000, will accelerate and hit the 2016 cap.

Pro: More cap room available this year (but not until June 1st).
Con: Carr is still on the books the next season; the dreaded "dead money."

 

[dbair1967]

Carr gonna be gone

 

[Sheik]

Go fuck yourself, Carr.

 

[Hoofbite]

Can anyone explain how the June 1 cut designation ends up saving you $7.5 million over what you'd save if you cut him now?

All money that has been guaranteed and prorated accelerates when a player is cut. Car has a ton of restructured money spread across multiple years.

June first splits all the accelerated money into current year and cumulative future years. Team takes the cap hit only for the current year charges and everything else comes due the following season.

Future year cap charges fall off the current year on June 1 so there's no savings until then.

 

[peplaw06]

OK that makes sense... thanks.

 

[NoShame]

Keeping him is a $12,717,000 cap hit.

Cutting him now accelerates his prorated bonus (3 years remaining) which is a $12,151,000 cap hit, creating $566,000 in cap room (12,717,000-12,151,000).

Pro: Carr is completely off the books before the 2016 season.
Con: Only creates just over $500k in cap room. You are using $12,151,000 in cap room and you don't get Carr's services.

Cutting him June 1st, allows you to just take the hit for his 2015 prorated bonus ($4,717,000) and be off the hook for his 2015 base of $8,000,000. This creates that much ($8M) in cap room as of June 1st (12,717,000-4,717,000). The rest of his prorated bonus, $7,424,000, will accelerate and hit the 2016 cap.

Pro: More cap room available this year (but not until June 1st).
Con: Carr is still on the books the next season; the dreaded "dead money."

Wow. What a free agent bust he was.

 

[Midswat]

Yeah but that Steelers interception... was awesome

 

[Bob Sacamano]

I even hate his agent's last name. Jew.