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tribeofjudah
tribe
Joined: 15 Jun 2007
Posts: 5996
Location: SURF CITY, HB, CALI *** Occasionally flying into a SUPERNOVA
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| Posted: Tue Aug 21, 2007 12:04 pm Post subject: What does being "released" mean.....? |
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| 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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1niksder
**********
Joined: 27 Mar 2004
Posts: 16571
Location: If I knew ... it would explain a lot but I've seen Homerville on a map, that wasn't helpful at all
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| Posted: Tue Aug 21, 2007 10:10 pm Post subject: Re: What does being "released" mean.....? |
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| 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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hailskins666
aka Evil Hog
Joined: 07 Aug 2003
Posts: 6700
Location: South of Heaven, trying to hit a toilet on shrooms
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| Posted: Tue Aug 21, 2007 10:37 pm Post subject: Re: What does being "released" mean.....? |
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| 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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1niksder
**********
Joined: 27 Mar 2004
Posts: 16571
Location: If I knew ... it would explain a lot but I've seen Homerville on a map, that wasn't helpful at all
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| Posted: Wed Aug 22, 2007 1:34 pm Post subject: Re: What does being "released" mean.....? |
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| 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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BnGhog
Hog
Joined: 18 Jan 2007
Posts: 1552
Location: Danville VA
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| Posted: Wed Aug 22, 2007 2:47 pm Post subject: |
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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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1niksder
**********
Joined: 27 Mar 2004
Posts: 16571
Location: If I knew ... it would explain a lot but I've seen Homerville on a map, that wasn't helpful at all
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| Posted: Wed Aug 22, 2007 3:22 pm Post subject: |
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| 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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tribeofjudah
tribe
Joined: 15 Jun 2007
Posts: 5996
Location: SURF CITY, HB, CALI *** Occasionally flying into a SUPERNOVA
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| Posted: Fri Aug 24, 2007 7:56 pm Post subject: |
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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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1niksder
**********
Joined: 27 Mar 2004
Posts: 16571
Location: If I knew ... it would explain a lot but I've seen Homerville on a map, that wasn't helpful at all
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| Posted: Fri Aug 24, 2007 9:28 pm Post subject: |
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The only dumb question is the one that isn't asked.
Glad we could help. |
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Countertrey
the 'mudge
Joined: 09 Jan 2004
Posts: 12767
Location: Curmudgeon Corner, Maine
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| Posted: Sat Aug 25, 2007 6:17 am Post subject: |
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| 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... 
Things that make you go "DUHHHH"...
Tribes question was excellent, however... |
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