I saw what you are talking about lol.
Thanks for the heads up.
When a player is released or traded, the remaining proration of the salary components that are treated like a signing bonus immediately accelerate into his team’s current salary cap. For example, if a player signs a five-year contract with a $5 million signing bonus, $1 million of his signing bonus counts towards the salary cap for each year of his five-year contract. If he is released after the second year of his contract, the $2 million of signing bonus proration from the last two years of the contract automatically accelerates into the club’s current cap, creating $3 million of dead money - See more at: LINK Thanks for the heads up.
Anyway, this is from the National Football Post. Don't know if that's good enough for you. Again basically saying what I've been saying. They also explained "dead money". Basically, it's the same exact thing, except when a player is cut after June 1, then the guaranteed money left on the contract is not accelerated to that current season, but to the season after.
So a guy signs a 5 year deal with 5 mil guaranteed. He gets cut after year 2 before June 1. The 3 million he is owed accelerates to that coming year's cap. If he is released after June 1, the cap hit is only for 1 million from what he was supposed to get that year. This creates the 2 million dead money to be paid the following year. So I was still right, and this explains the "dead money" thing.
This post was edited on 3/2 at 10:37 pm