The math: 🏈If the Falcons were to cut Kirk Cousins prior to the start of the 2025 league year, they would have $65 million in dead money. 🏈If they were to trade him, the $27.5M base salary guarantee would transfer over to the acquiring team, so then the Falcons would just be responsible for the $37.5M of proration.

love you bro @garyvee - lucky to have the best brother in the world

I was at the New York Fed in 1990 when Drexel Burnham Lambert failed. It was famous for Michel Milken and Junk Bonds, but it was peer margin calls on gold swaps that brought it down. I had to explain to a European central banker the gold he swapped out to Drexel would never be recovered. That central bank still carries the gold on its balance sheet as if the loss never happened.