Canzano Response

I emailed John Canzano yesterday pointing out that Miles' contract doesn't expire until 2010. Here's his response:

J: Francis' contract, not Miles, comes off that year. The cap space remains the same. They'll have between $12 and 24 million, depending on what they decide todo. Thanks for being a careful reader.
JC

Although he admits he's wrong about Miles' contract, he denies that it affects our cap space in 09. I don't see how the cap space remains the same if you add a $9 million contract to the payroll. Either we get rid of Miles' contract, or we have a lot less cap space than Canzano says.