Quote:
Originally Posted by Hack&Lube
LTIR Cap Relief = Cap Hit of LTIR’d Player - (Salary Cap – Current Team Salary Total).
By signing Grossman, we increased the Current Team Salary Total so that the greatest amount of cap space resulted from this formula.
No Grossman:
$3,500,000 [Smid] - ($70,200,000 - $69,625,000) = $2,925,000 cap relief
With Grossman, we basically get the full $3.5M cap relief.
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EDIT: Nvm, over thinking it. It's 575k, not amplified to 1.1 mil. Waiving Grossmann just brings us back to status quo prior to signing Grossmann, but allows the lasting effect of extra LTIR maximization.
My understanding now is we essentially traded cash for cap by signing then waiving Grossmann.
Thanks for the clarification.
