re: Congrats Loomis

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Option bonus bro

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Explain to me what you think this means to our cap

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I'm not sure that brings the savings a lot of people that refer to it think it will. Sure, it allows the team to push a lot of his money to another team while giving the team temporary cap relief, but unless the new team can take the signing bonus & other restructured funds I don't see how it really helps that much.

As I understand it, trading Latt between 6/01 and 8/29 drops his cap hit for 2024 from $14.6M to $10.6M. His 2025 cap hit drops from $31.4M to $20.6M.

Plus, because you need a team to take a large salary from a disgruntled player, you lose some leverage for a high value pick. That pick won't be until 2025 at the earliest, and if you need the team to take more cap hit (if the league allows) it'll be an even lower draft pick.