The $4m of dead money in 2016 is part of the $14m of dead money in 2015. If you cut him and absorb the $14m in 2015 there will be no dead money in 2016.
Cap hit if he stays: 2015 - $20m ----- 2016 - $15m
Cap hit if he is cut: 2015 - $14m ----- 2016 - 0
As you see we would save $6m in 2015 and $15m in 2016.
If you cut a player after June 1 you can spread the dead money over two years. Teams are also allowed to designate 2 players as June 1st cuts before June 1. One mistake I often see on this forum is people split the dead money evenly between the 2 years. Actually the dead money of the current year hits the books and the remaining dead money accelerates into the following year. For example his 2015 dead money would be $10m and the following year would be $4m.
Cap hit if he stays: 2015 - $20m ------ 2016 - $15m
Cap hit if cut post June 1st: 2015 - $10m ------ 2016 - $4m
In this situation we would save $10m in 2015 and $11m in 2016.
Thank you kindly for this explanation. I agree that it would be wiser for us to keep him through '15 and then cut him loose in '16. Hardy is def gone, IMO. Damn you Hurney.