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View Full Version : Question about Fiedler's contract



Nublar7
02-02-2004, 11:36 PM
I have been getting mixed reports on Fiedler's contract. Will the Dolphins gain more money be cutting him before or after June 1st? Also, how much can the Dolphins save? I am hearing from one source that they will only save $2.5 million and from another source $5.7 million. Can someone fill me in on his contract?

Clumpy
02-03-2004, 12:56 AM
From post in another thread


My numbers for Fielder:

salary: $3.7 million
amortization: $1.24 million
cap hit: $4.94 million

still have $2 million option for 2006.

If paid:

salary: $3.7 million
previous amortization: $1.24 million
new amortization: $666,666
cap hit: $5,606,000 (increase by the amortization amount)

Not paid and remains with team in 2004(without restructure)

salary: $3.7 million
previous amortization: $1.24 million
portion of 2006 amortization: $620,000
cap hit: $5.56 million

If plain out released: "dead cap" of $3.72 million ($1.24 million x 3 yrs). Original cap hit of $4.94 million. $4.94-$3.72=$1.22 million savings in 2004.


For argument sake: If $2 million option counted in full NOW

salary: $3.7 million
previous amortization: $1.24 million
Option bonus: $2 million
Cap hit: $6.94 million

If then paid per above:

If paid:

salary: $3.7 million
previous amortization: $1.24 million
new amortization: $666,666
cap hit: $5,606,666 (increase by the amortization amount)

represents a savings of $1.333 million.

However, it's really a moot argument. If it counts, you add $2 million to the cap now but save $1.333 million when exercised OR add $666,666 to the cap if it doesn't count and exercised........either way.......YOU END UP EXACTLY THE SAME

Aqua
02-06-2004, 07:33 PM
Clump I have different numbers than you.

Salary: $3.7M
Amortization: $800K. Originally signed a five-year contract with a $4M bonus.
Bonus: $2M

Total '04 Cap = $6.5M

If Fiedler is cut before the bonus is paid he would count $2.4M ($800K*3) as dead money against the '04 cap but we would free up $4.1M.

Heck we can clear $10.57M cutting both Fiedler and Griese which is something I would do ASAP. We then either re-sign Fiedler to a lesser contract or go after someone like Brunell.