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Midnightangel
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Even though the Pats cut Hernandez (and shockingly no one picked him up off waivers), are they still on the hook this year and next for hits against the cap?
Even though the Pats cut Hernandez (and shockingly no one picked him up off waivers), are they still on the hook this year and next for hits against the cap?
Supposedly the timing of the release may make that slightly more challenging, but I'm not convinced given the circumstances they can't win the appeal. We'll see. Either way, the immediate release was the best decision.
No doubt.
I was reading on NFL.com where they'll still be on the hook for 2M this year and 7M next year and wondered if that was correct.
I'm hearing something along those lines.
Aaron Hernandez's contract guarantees voided by Patriots - NFL.com
The Boston Globe, which first reported this news, says the Patriots will have a salary-cap hit of $2.55 million for Hernandez next year and $7.5 million in 2014.
So maybe I'm not understanding this....how can they take a hit against the cap if they're not paying him money?
Am I missing something?
If the team releases the player, the remaining money of the bonus that has not been counted against the team Salary Cap will immediately count against the Cap for that League Year in which the player was released. For example if the player in our example is released after year 2, then the remaining $2 million from the signing bonus, the prorated money for years 3 and 4, counts against the Salary Cap in year 3. This amount is in addition to a player’s negotiated base salary, which is paid by the team and counts against the Cap in a given year.