Since I was involved in a discussion that involved the consequences of what will happen to the Cowboy's salary cap depending upon whether Free is his cut/kept, I wanted to put together a detailed description of the various scenarios.
The followings numbers are based upon Free's contract information found here. Free currently has $10M in pro-rated bonuses that have yet to hit the Cowboy's salary cap. His 2013 base salary in $7M and it is $8M for the next 3 years.
A detailed discussion on cap numbers and cap hits was produced by OCC and found here. Based upon OCC's writeup, the key thing about a June 1st cut is that the pro-rated bonus does not necessary get split 50-50 (I was never sure on that). This is illustrated in OCC's chart under "June 1 cuts."
Based upon those numbers and how the cap works, this is what I have determined as to what Free will cost if he is cut/kept. Please let me know if I missed something, and I'll correct it.
Cut Free in 2013 (prior to June 1st)
$10M against 2013 salary cap.
Total cost: $10M
Free's current cap hit is $10M in 2013, which means that the Cowboys would be cap neutral if Free is cut in 2013.
Cut Free in 2013 (June 1, 2013 cut)
$3M against 2013 salary cap.
$7M against 2014 salary cap.
Total cost: $10M
Free's current cap hit is $10M in 2013, which means that the Cowboys will be $7M better in 2013, and have $7M in dead money against the 2014 cap.
Keep Free in 2013 (cut prior to June 1, 2014)
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$7M against 2014 salary cap. The $7M is $10M pro-rated bonus - $3M (paid in 2013)
Total cost: $17M
Keep Free in 2013 (June 1, 2014 cut)
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$3M in dead money against 2014 cap.
$4M in dead money against 2015 cap. The $4M is $10M pro-rated bonus - $3M (paid in 2013)-$3M (paid in 2014)
Total cost: $17M
Keep Free in 2013 and 2014 (cut prior to June 1, 2015)
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$11M against 2014 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$4M against 2015 salary cap. The $4M is $10M pro-rated bonus - $3M (paid in 2013) - $3M (paid in 2014)
Total cost: $25M
Keep Free in 2013 and 2014 (June 1, 2015 cut)
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$11M against 2014 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$3M in dead money against 2015 cap.
$1M in dead money against 2016 cap. The $1M is $10M pro-rated bonus - $3M (paid in 2013) -$3M (paid in 2014) - $3M (paid in 2015)
Total cost: $25M
Keep Free in 2013-2015 (cut prior to June 1, 2016)
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$11M against 2014 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$11M against 2015 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$1M against 2016 salary cap. The $1M is $10M pro-rated bonus - $3M (paid in 2013) - $3M (paid in 2014) - $3M (paid in 2015)
Total cost: $33M
Keep Free in 2013-2015 (June 1, 2016 cut)
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$11M against 2014 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$11M against 2015 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$1M in dead money against 2016 cap.
Total cost: $33M
Keep Free in 2013-2016
$10M against 2013 salary cap. The $10M is $7M base + $3M pro-rated bonus.
$11M against 2014 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$11M against 2015 salary cap. The $11M is $8M base + $3M pro-rated bonus.
$9M against 2016 salary cap. The $11M is $8M base + $1M pro-rated bonus.
Total cost: $41M


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