Ladies and gentlemen: the top ten dead
money contract* salary cap hits of the 2009 NFL season:
1. Terrell Owens WR DAL $9,675,000
2. Dre' Bly CB DEN $9,450,000
3. Ken Lucas CB
4. Cory Redding DT DET $7,333,334
G5. ibril Wilson S OAK
6. Marvin Harrison WR IND $6,400,000
7. DeAngelo Hall CB OAK
8. Derrick Dockery OG BUF $5,400,000
9. Anthony Weaver DE HST
I was actually reading this list, thinking to myself "Oh my wonder! There aren't any Redskins on this li-" until I saw number 10. Brandon fucking Lloyd. $5.3 million.
And yes that's right, Brandon Lloyd is still accounting for $5.3M against the Redskins cap, despite not being on their roster since the 2007 season. This results from the salary cap rule that applied the signing bonus acceleration from a termination to the next year's cap, if that termination occurred after June 1 or was designated as a post-June 1 termination despite occuring prior to that date. For example, if a player had $4M in total signing bonus proration left on the remaining 4 years of a contract (meaning $1M of proration in each year), and that player was released after June 1st, then $1M of proration would remain as dead money in that year and then the remaining $3M would accelerate into the next year.
Due to 2009 being the final capped year, this post June 1 rule is no longer in effect; therefore, when a player is released this year all of their proration in future years accelerates into the current year.
Is it any wonder, then, that our team is owned by the same man whose "business management" skills ran Six Flags into the ground?