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On The Insistence Of My Source....

 
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stchamp98


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Joined: 11 Apr 2005
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Location: Havre, Montana
PostPosted: Thu Jan 31, 2013 9:30 am    Post subject: On The Insistence Of My Source.... Reply with quote

I emailed spotrac.com yesterday to inform them that the way they were prorating Kevin Kolb's roster bonus from 2012 (Last season) was incorrect. The Cardinals and GM Rod Graves chose to word that bonus as an immediate and full cap hit to the 2012 season only. Spotrac.com had instead mistakenly attributed that bonus to an option bonus that prorates over 5 seasons. If you check their site it's now changed to reflect the reality of the situation, that releasing Kevin Kolb saves us a butt load of cash.

It's good to have a source boys!!!
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JohnnyV


Joined: 04 Jan 2008
Posts: 2205
Location: Chicago, Illinois
PostPosted: Thu Jan 31, 2013 11:49 am    Post subject: Reply with quote

Say we don't try to restructure and just straight release him...how much are we talking for 2013?
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stchamp98


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PostPosted: Thu Jan 31, 2013 11:53 am    Post subject: Reply with quote

Savings of 6.5-7.5 million depending on the workout bonus, which is kinda funky cap wise.
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JohnnyV


Joined: 04 Jan 2008
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PostPosted: Thu Jan 31, 2013 12:12 pm    Post subject: Reply with quote

stchamp98 wrote:
Savings of 6.5-7.5 million depending on the workout bonus, which is kinda funky cap wise.


Wow that's a lot of extra cash to have in our back pocket, but where the problem lies is it will still leave you searching for a veteran to pair with an eventual rookie...

And that veteran will make in the neighborhood of what?

Kyle Orton and Jason Campbell type money?
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stchamp98


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PostPosted: Thu Jan 31, 2013 12:27 pm    Post subject: Reply with quote

A restructure is still very clearly the optimal scenario. We can reduce his salary cap hit but just as much cap depending on structure and we keep him on our roster. It's far and away the best scenario to get Kevin Kolb to restructure his contract.
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JohnnyV


Joined: 04 Jan 2008
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PostPosted: Thu Jan 31, 2013 1:48 pm    Post subject: Reply with quote

stchamp98 wrote:
A restructure is still very clearly the optimal scenario. We can reduce his salary cap hit but just as much cap depending on structure and we keep him on our roster. It's far and away the best scenario to get Kevin Kolb to restructure his contract.


Now didn't you hear that any restructure would be significant? What does that mean to you in terms of his yearly numbers?
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stchamp98


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PostPosted: Thu Jan 31, 2013 2:02 pm    Post subject: Reply with quote

To me it means 50% at least but that could way off, I don't know.
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khodder


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PostPosted: Thu Jan 31, 2013 3:30 pm    Post subject: Reply with quote

I came in here wildly happy and left with only a mild sense of OK, thats cool.
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iRobot


Joined: 17 Nov 2011
Posts: 789
Location: Mesa, AZ
PostPosted: Thu Jan 31, 2013 5:54 pm    Post subject: Reply with quote

khodder wrote:
I came in here wildly happy and left with only a mild sense of OK, thats cool.


Yea, I thought it was the write up too hah
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DJ_Fka


Joined: 13 Jan 2009
Posts: 5131
Location: Brisvegas, Land Down Under
PostPosted: Thu Jan 31, 2013 6:04 pm    Post subject: Reply with quote

Good news, not the news i was expecting.

Should be some rule on misleading topics....
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love2theOLINE


Joined: 14 May 2008
Posts: 3509
Location: racist desert wasteland
PostPosted: Thu Jan 31, 2013 11:08 pm    Post subject: Reply with quote

iRobot wrote:
khodder wrote:
I came in here wildly happy and left with only a mild sense of OK, thats cool.


Yea, I thought it was the write up too hah


3rded
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