Todd M -> RE: NFL News (4/17/2008 7:53:43 AM)
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Scott, From PFT: First, the June 1 rule permits the cap charge to be spread over two seasons. If Johnson is traded or released after June 1, the dead money in 2008 will be considerably smaller, apparently in the neighborhood of $3 million. He also can be cut now, with the move designated as a post-June 1 transaction. Second, since the Bengals would avoid Johnson’s $3 million base salary for 2008 (and his $250,000 workout bonus, which they’ve presumably already been relieved from paying due to his failure to report for voluntary offseason workouts), it’s a wash in 2008 dollars. Third, any cap hit in 2009 would be offset by $4.75 million in salary and workout bonus that the Bengals wouldn’t have to pay to Johnson.
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