How are the cap hits applied when a player is cut or traded before June 1, or after June 1?
If a player is released or traded before June 1 all current and future prorated signing bonuses, and any other guaranteed monies that might have been part of his contract, count against the teams Salary Cap in that year. If the player is released or traded after June 1 then the unallocated signing bonus portion of the contract is split over two years. In the current year, that years proration counts against the Salary Cap while all future years prorated signing bonus figures count against the Salary Cap the following year. Each year a team can designate two players who will be destined for post June 1 releases to spread out remaining signing bonus acceleration into the next year. To do this, teams must carry those players’ cap numbers until June 1, but release them before June 1 so they can hit free agency. After June 1, the team gets to remove the salary and take the remaining cap hit in the following year. For example, if a player has $4 million of remaining signing bonus and four ye
