dead money n.— «Feeley was scheduled to make $2.4 million in contractual salary from the Eagles in 2009 if he made the roster. If he were to be released prior to the season opener, he would receive a $1 million buyout in what is known as...
strip-and-flip v. phr.— «Typically, in a buyout situation like this, the new owners follow some variation on what has come to be called the strip-and-flip script. They proceed to gin up profits at their new holding by any means necessary...