Am I seeing this right? If Everson was a post June 1st cut.

[BlackMagic7]

i'm using overthecap as a source.

So i'm putzing with their Dead Money and Cap Savings calculator and I noticed something that struck me, being he just redid his deal...

I flip to Post-June 1st Dead Money/Savings and notice Everson Griffen would only account for $400k in dead money and $7,687,500 in cap savings in 2019.

huh?

In 2020 and 2021, again, $400k in dead money each year. Savings of $13.5 and $14 million. A final year, 2022, shows $0 dead money and a savings of $15.5 million. It's also showing nothing as guaranteed '19-'22.

I guess what i'm getting at is even with the renegotiation: does releasing Everson Griffen post June 1st (say 53 man cuts at training camp) amount to clearing up $7.687 million in cap space with $1.2 million in dead money? After his renegotiation I completely stopped considering him as a potential cap casualty, but if these numbers are right... you almost could leave Rudolph hanging on his current deal through camp and make a better decision on who to release in August.

[Guest]

Here's what I found...from Spotrac.com
Everson Griffen signed a 4 year, $58,000,000 contract with the Minnesota Vikings, including a $2,000,000 signing bonus, $34,000,000 guaranteed, and an average annual salary of $14,500,000. In 2019, Griffen will earn a base salary of $6,400,000, a roster bonus of $1,031,250 and a workout bonus of $100,000, while carrying a cap hit of $7,931,250 and a dead cap value of $1,200,000.
https://www.spotrac.com/nfl/minnesota-vi...ffen-6608/

[Guest]

That $34 million guarenteed didnt show up anywhere on the graph. Their word blurb on his deal discussed his renegotiation but didnt include guarenteed money. 

Sounds like we'd eat a big money sandwich. 

Thanks Ralphie.  I was sitting there like, "why havent we heard about this?!?" 

[Guest]

At the bottom of the sporttrac page it says this:

• 2019 salary fully guarantees on 3/15/2019

Not sure what his renegotiating changed in his contract.

[Guest]

Griffen's cap hit this year was reduced to $7,931,250 because he agreed to reduce his base salary from $10.9M to $6.4M while increasing per game active bonuses from $500,000 to $1.5M.
They did not give him any signing bonus or restructure any of his salary like they did with Kendricks.
He still has 1.2 mil of his 2 mil signing bonus prorated for 2019, 2020, & 2021.
If they release him this year they eat 1.2 mil in dead money but save $6,731,250 in cap space.
If they release him next year they eat 800K in dead money but save $13,100,000 in cap space.

One other note about this reduction in pay (er., restructure) is that the contract years from 2020 thru 2022 may void with 56% defensive snaps in 2019 or 6+ sacks.
Based on this little note and the fact that his cap hit in 2020 is 13.9 mil at age 32, it is fairly safe to say this is his last year with the Vikings. 

That contract is toast.

[Guest]

I'm pretty sure you can release someone pre-June 1st with a designation or a post June-1st cut now to split dead money between this season and next season. If they were going to cut him they would have already done it by now is my point.