La Canfora reporting that the Steelers have released Willie Colon.......comes as no real surprise....hopefully to free up some money to throw at Steven Jackson???? A guy can dream can't he....
La Canfora reporting that the Steelers have released Willie Colon.......comes as no real surprise....hopefully to free up some money to throw at Steven Jackson???? A guy can dream can't he....
was it designated as a "after June 1" ?Originally Posted by Thomas_43
Or did they release outright today, in which case they only realize 1.2 in cap savings?
50 yd line, 17 points, 4th quarter something, excuse, excuse, afraid
Less than 1.2 today because of the rule of 51. I am guessing they will use that after June for draft picks and extensions.
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Steven Jackson, no thanks plenty of young talent at rb. I'd really like them to go after pollard and DHB.
is that how it works.... so they get the 1.2 in savings they would have received had the outright released him today.
But since they are designating it for 6/1, they will get the additional savings at that time?
Is that right?
Thanks! I always had trouble understanding what was going on in those scenarios!
Time to update my spreadsheet calculations!
edit: wait... how does rule 51 apply here?
Last edited by NeilPatrickBanana; 03-13-2013 at 12:05 PM.
50 yd line, 17 points, 4th quarter something, excuse, excuse, afraid
No, sorry. They get nothing until june 1, if they designated june 1. But in the off-season, only the top 51 salaries count and so Colon's would be replaced with a lower salary, so actual cap savings today would have been .7 and actual cap savings june 2 will be 5, actual season savings is 1.2 or 5.5, but its not the same in the off-season.
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Draft Schwenke or B. Jones.... Pouncey to Guard...
got it...
and we still don't know whether it was June 1 designation or not?
I think it would be stupid to try to grab the 1.2 now... we already signed Foster, we are paying more for the LG spot if you take Foster's contract and the dead space Colon would eat (pre june 1) and add it together.
Only makes sense for it to be post june 1
50 yd line, 17 points, 4th quarter something, excuse, excuse, afraid
http://m.nfl.com/news/0ap1000000150334/Pittsburgh has designated the cut as a June 1 release, clearing $5.5 million off the books and allowing the Steelers to stretch Colon's cap hit over the next two seasons.
dammit!
so they receive the cap relief now?
if so, we suddenly have close to 10 million in space (less Gradkowski contract)
50 yd line, 17 points, 4th quarter something, excuse, excuse, afraid
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