What does being "released" mean.....?

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What does being "released" mean.....?

Postby tribeofjudah » Tue Aug 21, 2007 12:04 pm

Somebody please tell me what it means to be "released"... is that like being FIRED? Do they get their full pay, etc.....?
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Re: What does being "released" mean.....?

Postby 1niksder » Tue Aug 21, 2007 10:10 pm

tribeofjudah wrote:Somebody please tell me what it means to be "released"... is that like being FIRED?


That's a good way to look at it.

tribeofjudah wrote: Do they get their full pay, etc.....?


Nope
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Re: What does being "released" mean.....?

Postby hailskins666 » Tue Aug 21, 2007 10:37 pm

1niksder wrote:
tribeofjudah wrote:Do they get their full pay, etc.....?


Nope

well, not really. to elaborate, they don't get the upcoming year(s) salary(ies), but they do keep(and count against the cap) all the signing bonus(es) agreed/restructured upon.
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Re: What does being "released" mean.....?

Postby 1niksder » Wed Aug 22, 2007 1:34 pm

hailskins666 wrote:
1niksder wrote:
tribeofjudah wrote:Do they get their full pay, etc.....?


Nope

well, not really. to elaborate, they don't get the upcoming year(s) salary(ies), but they do keep(and count against the cap) all the signing bonus(es) agreed/restructured upon.

True...

In this case the question came up after tribeofjudah read about Lemar Marshall. In his case he's just gone ( he was due $1M in base, the Skins will carry $182K in dead cap)

Bottom line = Marshall is out a million and the Skins save $1M less what it cost to sign Godfrey (if he makes the final 53)
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Postby BnGhog » Wed Aug 22, 2007 2:47 pm

Ok... Dumb question here.

Wasn't Marshall under a contract?
How do they get out of paying his salary when he is under contract? Don't they have to break the contract somehow?
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Postby 1niksder » Wed Aug 22, 2007 3:22 pm

BnGhog wrote:Ok... Dumb question here.

Wasn't Marshall under a contract?
How do they get out of paying his salary when he is under contract? Don't they have to break the contract somehow?

His Salary is based on him being on the team. If he's cut then he leaves with whatever he's already been paid and will look for another deal somewhere else. Normally any money that's guaranteed is paid out over the first 2-3 years of the contract in the form of Signing bonuses and/or Roster bonuses. If the player has unpaid guaranteed money still on the table than something will be worked out (AA was going into his 2nd year had $5M due from the Skins even though he was traded). Marshall was in the last year of his contract and no unpaid guaranteed money left in the contract.
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Postby tribeofjudah » Fri Aug 24, 2007 7:56 pm

Thank you all for the insightful info.
I was getting worried that no one would answer my dumb question.

many thanks....
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so one person sharpens another.

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Postby 1niksder » Fri Aug 24, 2007 9:28 pm

The only dumb question is the one that isn't asked.
Glad we could help.
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Postby Countertrey » Sat Aug 25, 2007 6:17 am

1niksder wrote:The only dumb question is the one that isn't asked.
Glad we could help.


Anyone who thinks "The only dumb question is the one that isn't asked" has never been interviewed by a small market TV reporter... :wink:

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Tribes question was excellent, however...
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