This would be the cap hit for those years. You could use the savings to bring up a player who can produce at the same pace (he has 20 pts. correct?) In the long run it will save the team money. The only years it hurts are between 2012 and 2014 where his numbers would originally be off the books. 2011-2012 is where I am thinking mainly it makes sense. The savings of $2,833,333 could easily be spent elsewhere. Even if you only bring up a player who makes $850,000 you are still saving close to $2,000,000.