Isn't it just $90,000 from eight schollies (because of the six cap)? I haven't played D1, but I thought I read that somewhere. 

Hmm - That would definitely affect the strategy somewhat if that was the case. In that case, it would probably be wise to cut two seniors immediately.

There's definitely a cap at six. I just wasn't sure if I remembered right about it being $15,000 per spot in D1. 

So if you cut two and can sign two guys, you're looking at about $110k to fill six spots (assuming more postseason goodness). If you keep them, you're looking at $130k to fill eight spots. 

Although it occurs to me that you could pretty easily so superclass, if you're so inclined by not cutting anyone, signing six plus two walk-ons next year, and then having six open scholarships again the year after. 

sign 6? Thought you could sing 12 as long as you have only 6 in one class. I have signed 6 freshmen and 3 juniors for the same recuritng swason.

You can sign as many as you want, but you only get cash for six

Yes, you only get cash for six schollies no matter how many you actually have open.  Colonels cries about this all the time.  I would normally not recommend cutting a senior (he'll be gone next year, you won't get any cash for cutting him this year, and he would certainly be far more useful than if you ended up stuck with a walk-on) but since you have eight this season and will only get money for six next year, it probably wouldn't be a bad idea to go ahead and just cut the worst two this year and try to get a small head start on your rebuild.  Just my two cents.

Yes, Gunnar, you are also correct.  You may have all twelve schollies open, but of those twelve only six may have the same number of years eligibility (such as six freshmen, six two year JuCos or six freshmen, four two year JuCos and two three year JuCos.  Three freshmen, six two year JuCos, and three three year JuCos.  Combinations like that.  An ineligible freshman high school player would count towards your total of six even though he can't play at all that first season.  The following season, were you to have a bunch of schollies open again, he would count as a sophomore.  Should he decide to stay as a fifth year senior, oddly enough, he would NOT count towards a class that consisted of, say, six senior transfers.  According to CS, at that point, he is no longer considered to be a "regular" senior and is deemed to be in his own separate class.  Strange I know).