Also I'm pretty sure your over applying the dead cap hit as you only do it once, as the future years dead cap space is already built into the current number.
The dead cap space is just Perry's signing bonus ($18.5 million) split evenly over the course of the first 5 years of said contract (per NFL rules) which would be $3.7 million per season.
So if you look at the last year it's 3.7 for that year, the year before it says 7.4 because it's the last two years build in and 11.1 the last three (or the 3.7 times 3).
That is because you have to pay off the current dead cap space as soon as you cut him (unless using the June/Jule rule exception)
Cutting Perry now would save the Packers $31 million in cap space over 3 years.
2019 cap hit $14,437,500 mins the dead cap $11,100,000 = $3.3 million saving in 2019.
Then in 2020 and 2021 you get have no cap hit (cause you took it 2019) and save 14 million in cap space each year.
« Back to index