last time, then I give up.
before restructuring, here are the cap numbers for Miles Austin:
2013 base: $6,732,000 + 1,570,000 pro-rated bonus = $8,302,000 cap hit actual/money paid out by Jerry $6,732,000 over 17 weeks
2014 base: $5,500,000 + 1,570,000 pro-rated bonus = $7,070,000 cap hit/actual money paid out by Jerry $5,500,000 over 17 weeks
2015 base: $6,888,000 + 1,570,000 pro-rated bonus = $8,458,000 cap hit/actual money paid out by Jerry $6,888,00 over 17 weeks
(team option) 2016 base : $11,380,000 = + no pro-rated bonus = $11,380,000 cap hit/actual money paid $11,380,000 over 17 weeks
after signing a 4 year restructured deal he got a $4 million dollar signing bonus
2013 base 2,732,000 bonus - 2,570,000 cap hit - 5,302,000/actual money paid out $4 millon now plus $2,732,000 over 17 weeks.
2014 base 5,500,000 bonus- 2,570,000 cap hit - 8,070,000
2015 base 6,888,000 bonus- 2,570,000 cap hit - 9,458,000
2016 base 11,380,000 bonus - 1,000,000 cal hit 12,380,000
Miles restructuring freed up $3 million dollars in cap room and in actual dollars paid out, costs the Cowboys the same. Now Midswat is right about if we had to cut him tomorrow we just cost us more because the accelerated bonus would now be $8,710,000 instead of $4,710,000. I'm just guessing here, but by restructuring Miles I'm going to go out on a limb and say they do not plan on cutting him tomorrow.
If they were to cut him after the 2013 season, it would create a cap hit of $6,140,000 which is less than his 2014 cap number of $8,070,000, and creates $1,930,000 in cap room. Before restructuring, and if he was cut after next season it would
In either scenario, Miles was never going to see that 2016 salary when he will be 32.
So with being $22 million over the cap, we absolutely had to restructure. This move alone took $3 million off the books and cost Jerry the same amount in actual salary paid out over the next year. He can still be cut after next season and create additional cap room. We pushed $4 million dollars that would have been part of Miles 2013 salary anyway out over 4 years.
Cutting Austin now (before restructuring) would have saved us $3,592,000 in cap room. Restructuring saved us $3,000,000 in cap room. So the question is would you rather have Miles Austin at starting receiver or $592,000 in cap room to try to replace him?