If we decline the $50M option, there would be no cap hit in the future. It would ALL hit in 2006. An uncapped 2007 wouldn't make a difference. As far as a cap impact, He is right now scheduled to count roughly $27.9M against the cap ($9M base, $12.5M option bonus, and about $6.4M in prorated signing bonus money). If we took the $1M option and declined the option bonus and didn't alter the contract, he would count about $23.5M against the cap ($9M base, $1M option bonus, $6.4M in currently scheduled prorated signing bonus money, plus over $7M in signing bonus money currently schedule for future seasons). I'd prefer to see them just remove the option bonus and pay him an annual base salary with perhaps a roster bonus for the remainder of his deal, but at a more reasonable annual fee. We'd get a huge salary cap savings this year even if all they did was remove the option bonus and extend the deal through 2009. That would save the entire $12.5M from the option bonus, plus any cap room by lowering his base salary.