I believe you can (detailed below), but I would defer to any of our resident cap management experts.
1. Convert Salary for 2013 into a Roster Bonus (85%) and Salary (Vet Minimum + Small Amount).
2. Pay out said Roster Bonus.
3. Trade Sanchez, at a vastly reduced salary, to another team for Conditional pick.
4. Jets must accept his full 8.75 million cap hit in 2013 (i.e. dead money).
5. His new team would incur only his Vet Minimum+ salary cap hit for his tenure in 2013 there.
6. Sanchez still gets every penny of his guaranteed money, thus avoiding any union complaints.
I think your numbers are off a bit. If the Jets were to do that the rest of his bonus proration hits the cap this year and adds an additional 4.2 million to the cap. If all you are saving is the value of a vet min contract it is not worth it. His cap number would be in your scenario 17 million less the vet min salary.
Not that i agree or disagree with trading Sanchez and still paying most of his contract, i just havent seen any information on what anyone thinks his value is.
Im assuming we would have to eat around 75% his salary, but what draft pick can we get in return and what should we be happy with?
I think he will do fine as a back up or plug-in wherever he goes, and most teams around the league know that.
So maybe a 5th rounder?
So your assuming the same amount (roughly $6 million) that all the media outlets are assuming?
Bottom line I doubt the Jets would eat $6 million of his salary for what would probably be 6th/7th round compensation. Couple that with the fact that if the Jets were to be offering to pay 75% of his salary they would just wait for him to be cut and sign him for a 1 yr vet minimum deal since he has guaranteed money from the Jets.
No way in hell we pay him $6 mil to play for another team, assumptions make an.. well you know the rest.
Jason has a good write-up on the Sanchez Cap Issue, I defer completely to this excellent subject matter expert.
Its the same situation I described. The Jets still eat approx. 15 million in dead money in 2013. It doesnt offer any benefit other than Sanchez being gone. If the Jets really wanted to do that they should designate him a June 1 cut and then take the 12.8 mill hit this year and the 4.3 hit next year. Taking an additional 4.3 mil hit this year is not worth a conditional 7th round pick. You can get 3 serviceable vets for that amount.
Would be worth it to hear Raider 90210 to defend the deal.
I'm not going to change my position on this. I supported the trade than and still would make that trade today if the circumstances were the same. You can win a championship with Carson Palmer. (fact) He will do wonders for Arizona as there is still a lot of quality football left in that arm. ( he will show what I know to be the case and larry Fitzgerald will be one happy WR.)
Raiders just brought in a new GM and he elected to blow up the whole roster. (after radical changing the offense that wasn't the problem) So I don't have any anger toward C Palmer. He knows his time is now and he can't wait a couple years for the raiders to rebuild. Time isn't on his side.
So yes looking back on that trade it looks like one of the worse trades now (will always look that way) but it didn't have to be that way. IF Hue Jackson was retained there is no doubt C Palmer numbers would have been even better than last year numbers. ( another year in the same offense) That trade might have looked a lot different . Hue jackson wasn't retained and all I can say it turned out to be a bad trade.( I can't even paint a rosy picture there)
Maybe the Raiders luck out with Tyler Wilson selection and this could take away some of the sting of that trade and what went down. Will another Wilson destroy M flynn dream to QB a team.( still a long way to go for that to happen)