As usual w/ all trades we got to look at what both teams stand to gain or lose and determine the $$$$.
Trade deadline is 4PM Nov. 3. A trade can be made after that; but the player(s) will need to clear waivers.
Smith:
One thing encouraging Balt not to trade Smith is that he’s stated he’s retiring after 2015. If he’s traded Ravens will take on his 2016 1.17 cap hit on SB; if he retires Balt. is off the hook.
If the trade occurs mid season:
In 2015 Balt. takes on about a 1.75M cap hit (which can be pushed to 2016) and they’ll save about 1.5M in salary. In 2016, they'll save 4.17M (If they take all cap hit in 2015). With only dead money being the 1.75M. If certain they’re not going to POs, this could happen. [If the trade does not occur and Smith retires they’ll still save the 4.17M in 2016].
GB would be on the hook for Smith’s 1.5M salary for 2015. He’d be under contract for 3M in 2016 with only cap consequence being 3M only if Smith is on roster for game 1. Pack can cut him at any time before that w/ no 2016 cap consequence.
Jennings (I like The Kanata Thrilla's idea better) :
If traded mid season:
In 2015 Miami takes on about a 2.25M cap hit (which can be pushed to 2016) and they’ll save about 450K in salary. In 2016 (If they take all cap hit in 2015) they’ll save 4M. With only dead money being the 2.25M. [If no trade: in 2015 capwise they only must pay Jennings the balance of his 450K salary this year [2015 SB is already spent] and in 2016 he’s under contract for a 5.5M cap hit, of which they could save 4M if they cut him, pushing the 1.5M dead cap into 2017.
GB would be on the hook for Jennings’ 450K salary for 2015. He’d be under contract for 4M in 2016 with only cap consequence being 4M only if Jennings was on roster for game 1. Pack can cut him at any time before that w/ no 2016 cap consequence. [Note he has a $100 workout bonus so if they cut him after OTAs, there’s be a $100 cap hit]
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36 YO Smith has a bad back, IMHO, no way Ted Thompson invests 1.5M and a late pick into it.
I can see Dolphins just releasing 32 YO Jennings, who has been really bad, if they need roster spots to secure youngsters w/ potential. I cant imagine they would not take a swap of our 6th for their 7th. Under the new coach I’d say he’s #5 WR. Landry and Mathews are their #1 and 2; Jennings after starting first 4 games was replaced by Stills as the #3 in game 5 (week 6) [he was not on injury report]. And they got #14 pick Davante Parker.
In first 4 games Jennings had 7 catches 54 yards, 0 TDs on 18 Targets on 161 snaps. In 5th game the WR snaps went as follows:
Landry: 63
Matthews: 60
Stills: 28
Jennings: 9
Parker: 6