Did you see that this actually increases the cap hit in 2009 by 70K, due to the acceleration of the signing bonus???
It's a little more of a head-scratcher to me now. I'll have to assume the experts know what they are doing.
Well, cap-wise, it clears some future space. With the increase in the '09 cap, we net out ahead, too. But mostly, this is about not ahving dead wood on the roster. I think FO has decided it needs a thorough housecleaning.