I'm going to start sounding like a broken record on this point, but every option needs to be on the table to get Krug out of the organization, and that includes a buyout. These terms are pretty damn favorable given our current cap structure and the timeline for the cap to start rising once the escrow debt is paid off:
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Only $458k against the cap for the next 2 years lets us pursue any and all LHD upgrades. Dealing with 6 years of a $2.5M hit beyond that sucks, but the cap should be above $90M by then (Friedman was talking about a projected $87-$88M cap for 2024/25) and we should be able to get out of a lot of other uncomfortable money by 2027. We're set to pay him $17M real dollars over the next 2 years before his NTC relaxes. Spreading out $20M over 8 years isn't all that bad in comparison.
I'd give him away for nothing. I'd trade a couple low-mid value futures for a team to take him. I'd give him away for nothing with a small amount of retention. All of those would be preferable to a buyout for me. But if none of that got it done, I think you have to go to ownership and try to sell them on a buyout. It opens up a ton of avenues to an improved defense that just don't exist otherwise.
I know Army (and/or this ownership group) dislikes buyouts and a $20M buyout is a very tough pill to swallow. However, I think that Army has a long enough track record of fixing his mistakes, getting great value on RFA deals, and making this organization money that he should get the benefit of a major mulligan such as this one.