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What does being "released" mean.....?
Posted: Tue Aug 21, 2007 1:04 pm
by tribeofjudah
Somebody please tell me what it means to be "released"... is that like being FIRED? Do they get their full pay, etc.....?
Re: What does being "released" mean.....?
Posted: Tue Aug 21, 2007 11:10 pm
by 1niksder
tribeofjudah wrote:Somebody please tell me what it means to be "released"... is that like being FIRED?
That's a good way to look at it.
tribeofjudah wrote: Do they get their full pay, etc.....?
Nope
Re: What does being "released" mean.....?
Posted: Tue Aug 21, 2007 11:37 pm
by hailskins666
1niksder wrote:tribeofjudah wrote:Do they get their full pay, etc.....?
Nope
well, not really. to elaborate, they don't get the upcoming year(s) salary(ies), but they do keep(and count against the cap) all the signing bonus(es) agreed/restructured upon.
Re: What does being "released" mean.....?
Posted: Wed Aug 22, 2007 2:34 pm
by 1niksder
hailskins666 wrote:1niksder wrote:tribeofjudah wrote:Do they get their full pay, etc.....?
Nope
well, not really. to elaborate, they don't get the upcoming year(s) salary(ies), but they do keep(and count against the cap) all the signing bonus(es) agreed/restructured upon.
True...
In this case the question came up after tribeofjudah read about Lemar Marshall. In his case he's just gone ( he was due $1M in base, the Skins will carry $182K in dead cap)
Bottom line = Marshall is out a million and the Skins save $1M less what it cost to sign Godfrey (if he makes the final 53)
Posted: Wed Aug 22, 2007 3:47 pm
by BnGhog
Ok... Dumb question here.
Wasn't Marshall under a contract?
How do they get out of paying his salary when he is under contract? Don't they have to break the contract somehow?
Posted: Wed Aug 22, 2007 4:22 pm
by 1niksder
BnGhog wrote:Ok... Dumb question here.
Wasn't Marshall under a contract?
How do they get out of paying his salary when he is under contract? Don't they have to break the contract somehow?
His Salary is based on him being on the team. If he's cut then he leaves with whatever he's already been paid and will look for another deal somewhere else. Normally any money that's guaranteed is paid out over the first 2-3 years of the contract in the form of Signing bonuses and/or Roster bonuses. If the player has unpaid guaranteed money still on the table than something will be worked out (AA was going into his 2nd year had $5M due from the Skins even though he was traded). Marshall was in the last year of his contract and no unpaid guaranteed money left in the contract.
Posted: Fri Aug 24, 2007 8:56 pm
by tribeofjudah
Thank you all for the insightful info.
I was getting worried that no one would answer my dumb question.
many thanks....
Posted: Fri Aug 24, 2007 10:28 pm
by 1niksder
The only dumb question is the one that isn't asked.
Glad we could help.
Posted: Sat Aug 25, 2007 7:17 am
by Countertrey
1niksder wrote:The only dumb question is the one that isn't asked.
Glad we could help.
Anyone who thinks "The only dumb question is the one that isn't asked" has never been interviewed by a small market TV reporter...
Things that make you go "DUHHHH"...
Tribes question was excellent, however...