The Bills have to make a decision on Bledsoe's option, and it boils down to this:
1) Sign him to a 4-Yr/$33M deal with a $7M signing bonus (spread over 7 years because of his 2nd option). That is basically what his deal is if the option is picked up. His cap numbers would be: $7M in 2004, $7M in 2005, $7.5M in 2006 and $8.5M in 2007. There would be $3M in dead money at the end of the contract.
2) Sign him to a 1-Yr, $8M deal. That is what happens if the Bills decline the option. He would have a $6M salary and a $2M buyout on his option. He would be a free agent after 2004, and the Bills would have no cap obligation beyond that.
3) Cut him after this year and have him count as $2M in dead money for 2004. The Bills would be paying the option buyout, but would save his salary.
What do you do? Would you sign Bledsoe to deal #1 or deal #2 if he were a free agent out there after this season?
1) Sign him to a 4-Yr/$33M deal with a $7M signing bonus (spread over 7 years because of his 2nd option). That is basically what his deal is if the option is picked up. His cap numbers would be: $7M in 2004, $7M in 2005, $7.5M in 2006 and $8.5M in 2007. There would be $3M in dead money at the end of the contract.
2) Sign him to a 1-Yr, $8M deal. That is what happens if the Bills decline the option. He would have a $6M salary and a $2M buyout on his option. He would be a free agent after 2004, and the Bills would have no cap obligation beyond that.
3) Cut him after this year and have him count as $2M in dead money for 2004. The Bills would be paying the option buyout, but would save his salary.
What do you do? Would you sign Bledsoe to deal #1 or deal #2 if he were a free agent out there after this season?
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