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Today's The Day...Sort Of
NFL
By
Viking Update Staff
Posted Jun 1, 2003
|
More
June 1 is annually a big day in the NFL. It's the start of the league's fiscal year and a time when teams off-load big salaries to spread the salary cap hit over two seasons instead of one. But, this year, June 1 isn't quite as significant.
June 1 has been a sad day in Minnesota over recent years. With the team almost always buried against the salary cap, June 1 was a time when the Vikings would get rid of players -- like ill-timed QB Randall Cunningham -- in order to spread the pain of the salary cap implication over two seasons.
Under the league's collective bargaining agreement, the NFL's fiscal year starts June 1. Except this year. Because June 1 falls on a Sunday -- not viewed as a business day by the league -- any players released will not hit the waiver wire until Monday afternoon. While players like
Brian Griese
and
Akili Smith
are sure to be among the highest-paid players cut loose, they won't become official until tomorrow at the earliest.
SUNDAY NOTES
* The new releasees will join a group of high-profile players who still have failed to hook on with new teams, including safeties Kwame Lassiter and
Larry Whigham
, wide receivers
Oronde Gadsden
and
Antonio Freeman
, defensive linemen
Henry Ford
and
Bernard Whittington
and offensive tackle James "Big Cat" Williams.
* When players are released, it creates what the league calls "dead money" -- cash that counts vs. the salary cap, but can't be used to sign new players. The Redskins, for example, are strapped for $8 million for
Stephen Davis
, who is no longer with the team. A couple of local examples? The Raiders are still on the hook for $2.9 million in cap space for
Greg Biekert
and the Chiefs are still liable for $2.5 million in cap space for
Derrick Alexander
.
* There's been some discussion that the Vikings and safety
Lethon Flowers
could be in each other's future, but a VU source with the Broncos told us this weekend that, barring some collapse in talks, Flowers will be a Bronco as early as later this week.
* In what VU hopes will become a new trend, the Steelers announced the signings of two draft picks late this week -- a self-proclaimed "proactive approach" we would like to see catch on leaguewide.
Related Stories
When Will WR Situation Be Fixed?
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by
VikingUpdate.com
Jun 2, 2003
Preview: June 1st Cuts ( Updated )
-
by
ScoutNFLNetwork.com
May 31, 2003
Its Official, Akili Smith Hits Unemployment Line
-
by
BengalsInsider.com
Jun 2, 2003
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