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The Real Terrell Owens Cap Numbers

OK, for those who are curious, we've heard $12 million, $9 million, $680,000, both $12 million plus $9 million.

What's a fan to believe??

 

OK, here it is – the real, REAL numbers:

Owens deal included $13 guaranteed – $12.9M was in a signing bonus and the other $100,000 was guaranteed as part of his 2008 salary. Therefore, prorate $12.9 over 4 years and you have $3,225,000 per season.

Cutting T.O.
If Dallas cuts Owens before paying him his roster bonus due June 3, the remaining amount of his signing bonus is accelerated into the 2009 cap figure:

$9,675,000 ($3.225M x 3 years remaining)

Keeping T.O.
If Dallas keeps him for 2009, they owe him a $3M roster bonus on June 3, plus a salary of $2.67M. Add that to the prorated signing bonus ($3.225M) and you get:

$8,895,000 ($3M + $2.67M + $3.225M)

So:

Cut:    $9.675,000
Keep: $8.895,000

Difference: $680,000 more if he is cut.

Q.E.D.

 

Another user-created commentary provided by a BTB reader.

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