So back in March teams were given the option to designate to player cuts as "June cuts". This allows the team to roll over a portion of the cap hit to the following year. Buffalo was able to split the "Fitz mistake" into 3 mil this year and 7mil in 2014.
Essentially this gives the team 7mil this year that they otherwise would not have had. I believe this is what they have been waiting for to pull the trigger on Byrd. The money was freed up yesterday, so until then, they really did not have it even though they knew they would be getting it.
Here are a couple of links that give a much more detailed description of the rule, as well as mentioning a few other teams who took advantage of it.
There is absolutely no reason to let this contract linger any longer. This is a great opportunity for Whaley to make his first and potentially monumental mark on this franchise. Most people will remember and give credit to Nix for the Manuel pick and he is responsible for Mario: both risky endeavors. This is almost a no brainer move that Whaley can take credit for and is something that could give him some fan and player credibility and confidence. This move would show that he will keep and pay players that have worked hard and produced for this team.
Byrds franchise tag is worth 6.9 mil, less than he might get in a new deal(which is usually not the case). Byrd has hinted to the fact that he wants to play for a contender and cares little about playing for one team. So the money may only be part of the battle. But when it comes to money, some parameters have been set by recent contracts.
2013 / 2014
4.5 / 6
6 / 7.5
7 / 8.4
So Goldson just came off of a great season and recieved a new contract from Tampa. I believe his contract is a good one to look at as opposed to Berry's whose is a rookie deal i believe before the new CBA. Goldsons contract is a 5 year 41.25mil contract averaging out to 8.25 a year. Byrd deserves a very similar contract if not slightly lower.
What ya guys think?