RugbyMuffin
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https://overthecap.com/explaining-the-june-1st-designation/
A very interesting read, and I was unaware of the following:
"When you designate someone as a June 1 cut the player and his current contract remain on the books until June 1. ...... By that point in time free agency is finished and the extra cap room does not do the team much good."
"The real purpose of the June 1 designation option is to benefit teams that have poor salary cap situations and need to either create space for rookie signings over the summer months or to cut players from the roster whose dead money charges are greater than their charge to remain on the team."
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The Cardinals have two players that are candidates for Post-June 1st cuts, and it would free up a lot of money and lessen the dead money impact, but it would NOT help free agency. It could allow the team to spend right up to the cap during free agency tho. Then let the Cardinals wait till June 1st to do in-team extensions, and sign rookies. Not to mention some money for "Keim time" free agency.
For example,
Mike Iupati:
Pre-June 1st cut numbers - Savings: 6.3mil, Dead Money: 3.4mil
Post-June 1st cut numbers - Savings: 8mil, Dead Money: 1.7mil
Tyrann Mathieu:
Pre-June 1st cut numbers - Savings: 4.8mil, Dead Money: 9.3mil
Post-June 1st cut numbers - Savings: 11mil, Dead Money: 3.1mil
Thus if you were to cut both players before June 1st, the Cardinals free up 11.1 million dollars for the cap, and can use that extra money in free agency, yet it will cost them 12.7 million dollars in dead money. If the Cardinals cut both players as "Post-June 1st cuts, the Cardinals free up 19 million dollars for the cap, but cannot use that extra money in free agency when it hits in March until after June 1st, but the dead money hit would be 4.8 million.
The post-June 1st would not help free agency, but would help the cap numbers by allowing the Cardinals 7.9 million more dollars under the cap, and lessens the dead money impact by 7.9 million, which is almost a 16 million dollar swing total.
Its a big decision, and why getting Mathieu to restructure his contact is a best case scenario for the Cardinals both personnel wise, and cap wise in regards to impending free agency.
At a sensible price, and maybe a home town offer, I think both side benefit from it. It puts Mathieu on a high end, prove it deal with a new staff that is strong in the defensive backs coaching area, and in my personal opinion, puts Mathieu in a great spot to make more money potentially a year from now.
We will see.
A very interesting read, and I was unaware of the following:
"When you designate someone as a June 1 cut the player and his current contract remain on the books until June 1. ...... By that point in time free agency is finished and the extra cap room does not do the team much good."
"The real purpose of the June 1 designation option is to benefit teams that have poor salary cap situations and need to either create space for rookie signings over the summer months or to cut players from the roster whose dead money charges are greater than their charge to remain on the team."
---------------------------------------------------------------------------------------------------------------
The Cardinals have two players that are candidates for Post-June 1st cuts, and it would free up a lot of money and lessen the dead money impact, but it would NOT help free agency. It could allow the team to spend right up to the cap during free agency tho. Then let the Cardinals wait till June 1st to do in-team extensions, and sign rookies. Not to mention some money for "Keim time" free agency.
For example,
Mike Iupati:
Pre-June 1st cut numbers - Savings: 6.3mil, Dead Money: 3.4mil
Post-June 1st cut numbers - Savings: 8mil, Dead Money: 1.7mil
Tyrann Mathieu:
Pre-June 1st cut numbers - Savings: 4.8mil, Dead Money: 9.3mil
Post-June 1st cut numbers - Savings: 11mil, Dead Money: 3.1mil
Thus if you were to cut both players before June 1st, the Cardinals free up 11.1 million dollars for the cap, and can use that extra money in free agency, yet it will cost them 12.7 million dollars in dead money. If the Cardinals cut both players as "Post-June 1st cuts, the Cardinals free up 19 million dollars for the cap, but cannot use that extra money in free agency when it hits in March until after June 1st, but the dead money hit would be 4.8 million.
The post-June 1st would not help free agency, but would help the cap numbers by allowing the Cardinals 7.9 million more dollars under the cap, and lessens the dead money impact by 7.9 million, which is almost a 16 million dollar swing total.
Its a big decision, and why getting Mathieu to restructure his contact is a best case scenario for the Cardinals both personnel wise, and cap wise in regards to impending free agency.
At a sensible price, and maybe a home town offer, I think both side benefit from it. It puts Mathieu on a high end, prove it deal with a new staff that is strong in the defensive backs coaching area, and in my personal opinion, puts Mathieu in a great spot to make more money potentially a year from now.
We will see.
