http://profootballtalk.nbcsports.com/2010/06/03/smiley-takes-a-5-million-pay-cut-in-jacksonville/ 5 million is no small cuttings, but it is better to have a job than have to accept the Vet minimum on a 1yr deal somewhere.
But this isn't including the "dead money" we owe him this year....at least for this season, he'll probably make even more than he was going to get just playing for us..
We traded him didn't we? IIRC we did, and if so, we don't have 'dead money' on our books like we would have if we Smiley was simply cut. Maybe I'm wrong, but that's my initial thoughts on that portion of it. Interesting pick up for the Jags though; as I wonder if he would b e considered physical enough to line up on the their offensive line, although IIRC they do have a call for mobile guards in their offense.
I was basing it on an article I read that listed some players that we owed "dead money" to this year and Smiley was listed amongst them. If I can find the article, I'll post it...
Trading or cutting a player still accelerates the bonus money to this year's cap number, no? I was always under the impression that all guaranteed monies jump up once the player is let off the team in any fashion. If true, then I would tend to think that JS is right in that we have dead money tied up in Smiley...which makes me frowney.
