The actually savings were a little more than $3.6 million
old deal:
2005: $5.5 million salary, $2 million amortization, $1 million reporting/roster, $100,000 workout bonus, $175,000 LTBE Pro Bowl bonus Cap hit: $8.775 million
new deal:
2005: $1.5 million salary, $2 million old amort. , $1,666,666 new amort Cap hit: $5,166,666
$8,775,000 - $5,166,666 = $3,609,334
Until salaries for 2006 & 2007 are known, don't know what the cap savings in 2006 will be, but his cap number WAS $9.189 million and will likely be much less