(03-09-2024, 04:58 PM)flgatorsandjags Wrote: [ -> ] (03-09-2024, 04:39 PM)flsprtsgod Wrote: [ -> ]The savings of cutting Scherrf would be more than the savings of cutting Williams
With the restructure I can see it, he's reliable even when constantly dinged and they like what he gives in pass pro. I'd rather they move on but it's not like they kept him at that horrid number he had two days ago.
No it wouldnt. Scherff would have been almost 15 mil in dead cap if cut and a savings of just over 9 mil. The Williams cut is only 500k in dead cap and we save 10 mil
I'm sorry, but you are actually the one who doesn't understand the salary cap and Scherff's contract. The 9 million figure you are quoting is AFTER factoring the dead cap. His salary cap for this year is $24 million. If we cut him pre-June first, it gets lowered to $15 million (aka "dead cap"). That is $9 million in additional salary cap space. However, that's not all. The $15 million in dead cap figure you are citing includes accelerating $7.5 million from next year's cap to this year's cap. In other words, we would save an additional $7.5 million next year over what we would otherwise pay. It
IS a total of $16.5 million in savings over the two years. Alternatively, the Jags could opt to designate him a post-June 1st cut. If we do that, we enjoy the entire $16.5 million in 2024, but no savings in 2025. To summarize, if we cut him, we have two options:
Option A:
2024: $9 million in savings
2025: $7.5 million in savings
Option B:
2024: $16.5 million in savings
2025: $0 in savings
With Darious Williams, he was in the final year of his contract, so if you cut him, there was only one option:
2024: $10 million in savings
Scherff would save us more.
I see many people get confused on the salary cap. You have to remember that dead money is money already spent and if you spend money in the NFL, it will count against your cap at some point. As such, it's a sunk cost. The decision whether to keep a player comes down to the "new" money. If we keep Scherff in 2024, the sunk cost remains. However, in terms of new money, we now would also incur $15 million in salary, $500K in workout bonus, and assuming he plays in all games, $1 million in roster bonus. That's $16.5 million in new money that will get added to the Jaguars' cap that wouldn't if he was cut. I don't think he's worth $16.5 million for one year of his services.
In regards to the restructure, we'll have to wait and see. If he agrees to a major salary cut, maybe I'm fine with it. However, it's uncommon for players to agree to real salary cuts. Most likely, we're just pushing some of that $16.5 million into future years. It does help this year's cap, but only at the expense of future years and it doesn't make him any less overpaid. Scherff should have been first on our cuts list.