Chapters: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 17

Chapter 4: "But the Cowboys took a $10 million cap hit just to release him!"

The term "cap hit" is misunderstood by the masses.

"$10 million cap hit" refers to the fact that he was counting $10 million against their cap to not play on the team that season. The $10 million that counts against the cap is the accelerated figure from his unamortized signing bonus. Jones wasn't paying him anything to go away; it was money that had already been paid when he signed his contract that just counted against the cap for a single year as opposed to being spread evenly among the remaining years of his contract.

Had he played on the team that season, he would have counted approximately $9.5 million against their cap.

The Cowboys lost a whopping $500,000 cap space in releasing an "aging veteran." At the same time, Jones saved nearly $6 million out of his own pocket for not having to pay his base salary for 2009. This money obviously came in handy when it came to paying other players on the team.

2 Comments
by Jordan Taber
Chapters: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 17
by Chris @ 05 Jun 2010 08:48 pm

If you love T.O. so much why don't you marry him?
by James @ 05 Jun 2010 11:24 pm
If you love insulting people over the internet so much, then don't read their site.
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