With the Oakland Raiders currently in major team cap trouble heading toward the 2013 March 12 deadline, a few veteran contracts may be in the making for termination.
Tommy Kelly, DT
2013 Cap: $11,099,270
2013 Dead Figure (Pre June 1): $6,324,270
2013 Dead Figure (Post June 1): $2,108,090
Rolando McClain, LB
2013 Cap: $6,675,000
2013 Dead Figure (Pre June 1): $10,895,000
2013 Dead Figure (Post June 1): $3,631,666
2013 Cap: $10,601,000
2013 Dead Figure (Pre June 1): $5,260,000
2013 Dead Figure (Post June 1): $1,753,333
The Raiders need to make moves NOW in order to get under the estimated $121M bar due the 2nd week of March. However, you’ll see with some quick adding here that the Pre-June 1st savings to release this players is a mere: $5,896,000 – hardly worth the trouble. Post June 1st (when the dead money is split over 2013 and 2014), the savings soar to a total of $20,882,514.
Oakland will need to get more creative in the coming weeks to get themselves in stable position – and possibly retain or bring in new free agents to improve the roster. It’s not likely that a major improvement can be made this offseason, barring a steal in April’s draft. Realistically speaking 2013 is a “catch-up” year for this franchise that will need to get younger and cheaper fast in the major skill positions.