Right now Madison has about $10.065 million in unamortized signing bonus money. His yearly amortization is about $2.856. Thus dead money after 2004 is $7.209 million.
Cutting him after 6/01/05 is a little more complicated because the salary is included along with the 6/01 rule. Now this calculation contains no other bonuses or incentives.
2005 Base salary.. $3.42 million
2005 SB proration.. 2.856 million
Total cap charge....$6.276 million
Less one year proration of $2.856 million because of the after 6/01 rule is a $3.42 million cap savings and $2.856 million of dead money in 2005. The remaining $4.353 million dead money would be charged in 2006.
The Dolphins gave Madison $5 million in additional signing bonus this year with salaries of $3.42 million for 05 and 06, $4.5 million in 07. Barring some major change that speaks loud and clear they think he plays through 2006. His pro-rated bonus goes down $1.359 million after 2006 so if Madison is still playing well he could play out his contract.
As is Spielman's and the rest of the NFL trend potential good rookie players get at least a 4 year deal. So Poole will be signed through 2007 on his rookie contract.