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CB Eli Apple finally suspended by Giants


Acgott

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10 minutes ago, ny92jefferis said:

His base salary guarantees is what is making the contract costly to release him, even if we could drop everything except the signing bonus he'd still cost us 477k to release him.  Worth the hit?....Yes.

If that all it takes to cut him, he's gone. 

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10 minutes ago, ny92jefferis said:

His base salary guarantees is what is making the contract costly to release him, even if we could drop everything except the signing bonus he'd still cost us 477k to release him.  Worth the hit?....Yes.

So we would lose 477k in salary space. What’s the dead cap?

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39 minutes ago, Acgott said:

So we would lose 477k in salary space. What’s the dead cap?

His prorated cap amount is $2.3 mil per year and he has 2 years of that left, so probably $4.6 mil in dead cap.

edit - also you better bet Apple and the NFLPA will be suing for that base salary back.  Who knows how that will play out.

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https://overthecap.com/player/eli-apple/4723

If the team can retain the base salary guarantees it would cost 477k to unload him.

If that isn't the case.

His release would put us in the red for just shy of 5 million with almost 9 million in dead money.

June 1st release, cuts the dead money down to 6.6 m, still costing us 2.5 million to the cap.

Trading him is really the only option to unloading him cheap whether we retain the base salary guarantees or not.  But being able to remove them from his contract would be the only appealing thing for another team.  Either way the amount for us is the same.  477k in the red to do this.

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