I am surprised as well. His cap hit is 7 million and his dead cap hit is 9 million which means that even as a June 1 cut it would cost 5.5 million to cut him this year and 3.5 next year. Surely he is worth 1.5 million. I bet they are looking for a restructure with voidable years or at least some changes to account for his surrent value. I cant see a cut unless he refuses to make any changes. It will be Smitty making the choice by whether he wants to be here or not and try for the Hall of Fame. Or if he thinks he can get the money elsewhere. I think Smitty wants to be here but also is tight about his money. He could go either way but I hope he considers an incentive restructure with voidable years if he doesn't reach certain levels. Fair for both parties.
Finally, someone looked at the contract numbers.
Is Steve Smith worth a 1 year, 4 million dollar deal? Because that's the difference between cutting him now and next year.
Cutting him this year cost 9 million in dead cap.
Keeping him this year cost of 7 million and cutting him next year cost 6 in dead money. Which = 4 million.
I love Smitty and when he retires it'll be as a Panther. I think he'll end up restructuring. It's be a different world without Smith. Without him or Gross I worry about the Vet leadership on this team on offense.