I believe Spotrac has wrong data for Cousins with respect to the 2022 season. If the Vikings released Cousins at any time in 2022, and assuming they did not renegotiate his contract, it would not matter when they released Cousins and his cap hit would be $45 million in either case: his $35 million base salary that guarantees on 3/20/2021 (the 3rd league day of the 2021 season) and the allocated part of his signing, $10 million.Postmaster wrote: ↑Wed Jan 06, 2021 11:28 am
I like a lot of this.
In regards to Cousins, per Spotrac, a pre 6/1/20 trade would result in a 2021 dead cap hit of $20M. Releasing Cousins this offseason would be a 2021 dead cap hit of $41M, as you mentioned. Even more if after 6/1/21. Fast forward to 2022, a pre 6/1/21 trade or release would only be a 2022 dead cap hit of $10M. I think it's safe to assume Cousins is here for 2021.
I'm still in favor of drafting a QB in the 1st this year and having him sit behind Cousins. Yes, we all know how putrid both sides of the trenches are, but we have to ask ourselves, are the Vikings going to be picking better than 14th in 2022 and/or is the QB draft class stronger than this years?
In general, a post-6/1 release means that the team absorbs all of the guaranteed salary remaining in the contract but only the allocated part of the signing bonus for that season. All remaining signing bonus is absorbed on the cap the following season. If you release a player before 6/1 then ALL of the remaining deadcap of the contract is allocated to the current salary cap year.
The Vikings really need to work on a restructured Cousins deal, but Cousins has significant leverage in those negotiations. Cut me and pay me $21 million ad I will then get another $20+ million from another team or don't cut me and pay me $21 million in 2021 and then $35 million in 2022.
I think it will take about $12 million in new bonus payment in 2021 to buy him out of the 2022 guarantee (deferring it until the 3rd league day of 2022). But again, Kirk has lots of leverage in that negotiation.