I did a quick search and could not find it. So, from memory, until someone else or Joesho posts it back here. Here's my thoughts.
The Cards had $6.1M of Free agent cap space. They also had $4M besides that for the rookie pool, so they really had $10.1M of space. I'll leave the rookies and the $4M alone as it's close to the correct number anyway.
Now,
Ray Thompson
Two years left on his contract.
Current Cap Value : $2,656,250
Released now: 2,656,250 - (2 * 656,250) = +1,343,750
Released after 1 June:2,656,250 - (656,250) = +2,000,000 (656,250 in dead money next year)
Anthony Clement
Two years left on his contract:
Current Cap Value : $3,000,000
Released now: $3,000,000 - (2 * $600,000) = +$1,800,000
Released after 1 June:$3,000,000 - ($600,000) = +2,400,000 ($600,000 in dead money next year)
Both Thompson and Clement were cut. I don't know enough about Woods contract, but I'm guess it's min as someone replaces him in the top 51.
So, Thompson and Clement save $1,343,750 + $1,800,000 - (replacemnt salary ~$600,000) = ~$2.5M.
So, Current cap space is $6.1 + $2.5 = $8.6M
If the Cards would have waited until after June 1st for those cuts : $2.0 + $2.4 - $0.6 = $3.8, thats a $1.3M difference.
Basicly, once again, the Cards will not spend to the cap. Are there any players out there left even worth spending money on? Did the Cards not try hard enough during Free Agency? $8.6M in cap space is a large amount to have this time of year.
Joeshmo, please update your spreadsheet and create a new thread for it.
Thanks!