Rebuild or Reload
I keep reading we could save $30 million if we cut Carr and 9 million if we cut Jordan. Im not sure how that works since everyone says we would get more dead money.
The cap hits all depend on how the cuts are handled. No matter what, we save $30m in cash if we cut Carr, but the dead money on the cap will hit differently depending on how he is released.
If we release him outright, we have to account for all of his dead cap charges this year. We would have a dead cap hit of $50.1m (compared to his current cap hit of $51.5m, we save $1.4m against the cap).
If we designate him as a post June 1 cut, we carry his $51.5m cap hit until June 1, at which point his cap hit will reduce to $21.5m (there's the $30m savings in cash and cap), and the remainder of his dead money ($28.6m) wouldn't be on our cap until 2026. A post June 1 cut allows you to only pay this year's dead money charges while letting the rest of his charges accelerate into the following year.
An obvious move that could help us would be to restructure his roster bonus prior to releasing him, which saves us an additional $6m this year and makes it easier to carry his cap hit until June 1. His $10m roster bonus is guaranteed, so restructuring it makes sense for the cap relief if we plan on doing a post June-1 cut. The numbers if we do that:
Cap hit to carry until June 1: $45.5m (-$6m)
Cap hit after June 1: $15.5m (-$6m)
Cap hit in 2026: $34.6m (+$6m)
Similar math could be figured for any other contract, including Jordan's.