If you trade before the option kicks in on the 11th, no hit to salary cap( there may be some minor stuff from last year)...new team would pay the option money.
Small window to get this done , between 4.00pm on the 9th and i believe noon on ht 11th, but that could be 11:59 PM on the 10th.
Just to clear this up once and for all.
Tyrods Contract Structure
2017 Option: $15.5M Option Bonus & $12M base salary & $3.25M of his 2018 salary fully guarantee on 3/11/2017
So, this Bills option
1) Cut Tyrod Prior to the 11th. No hit to the Bills cap, no comp picks if Tyrod signs elsewhere.
2) Bills trade Tyrod between the 9th and 11th. New team picks up all payments, Bills zero impact on cap. No comp picks.
3) Bills trade Tyrod after March 11. Bills on hook for the $15.5M bonus, new team pays guaranteed salary. Bills get hit with $15.5M cap hit. No Comp picks
Only thing that is not clear to me is if the injury thing comes into play. As i understand it, there is Injury Offsets if the contract, but I am not clear how that impacts the cap if the Bills reach an Injury Setllemnet with Tyrod , he signs elsewhere, and the Offset gets kicked in. Beyond my comprehension of the CBA.
Contrast that with the decision Bills would have faced without the extension.
1) Tag Tyrod for $20M for 2017
2) Work out a long-term deal prior to July 15th deadline
3) Let him walk...get comp pick .