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- Jan 3, 2013
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Maybe @Allen2McVay can help me out here.
We know that if Miami releases or trades Ramsey, the dead money is accelerated. Boom, Miami takes a hit.
What I am curious about is the rest of the contract and Void years? Does everything stay in place with only the money Miami paid out removed? In simplest terms, do the void years remain?
As it stands to the team that trades for Ramsey, they pay him the 2025 salary 1.25 mill, and his option bonus 19 mill, and are on the hook for the contract escalators that could be another 1-3 mill, total comp for 2025 21-25 mill
But what is the cap hit? The contract has 4 years and 3 void years left, no guaranteed money after '25
If the 19 mill "bonus" is spread over the 4 contract years, its a hit between 4-5 mill, over the 7, 2-3 mill
If correct, the team who trades for him (without Miami paying any salary) is only looking at a '25 cap hit of 3-7 mill for Ramsey
If by chance my understanding is remotely close, then I can see how Ramsey can be a hot commodity on the trade market, starting tomorrow......
We know that if Miami releases or trades Ramsey, the dead money is accelerated. Boom, Miami takes a hit.
What I am curious about is the rest of the contract and Void years? Does everything stay in place with only the money Miami paid out removed? In simplest terms, do the void years remain?
As it stands to the team that trades for Ramsey, they pay him the 2025 salary 1.25 mill, and his option bonus 19 mill, and are on the hook for the contract escalators that could be another 1-3 mill, total comp for 2025 21-25 mill
But what is the cap hit? The contract has 4 years and 3 void years left, no guaranteed money after '25
If the 19 mill "bonus" is spread over the 4 contract years, its a hit between 4-5 mill, over the 7, 2-3 mill
If correct, the team who trades for him (without Miami paying any salary) is only looking at a '25 cap hit of 3-7 mill for Ramsey
If by chance my understanding is remotely close, then I can see how Ramsey can be a hot commodity on the trade market, starting tomorrow......