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Yes, I don't know if that's even legal, and I wouldn't advise trying it. It could be misconstrued as bribery, which is a pretty serious crime as opposed to getting a speeding ticket.
At any rate, when you get the ticket, you have to submit to an informal "arraignment", meaning you plead guilty or not guilty to the speeding charge (usually by mail, if you plan to just pay the ticket and move on with your life). Your fine may go down if you plead guilty (because it saves the state in court costs), or you may go to the court date assigned to you and plead your case, at which point the ticket could get dismissed entirely.
Bottom line, don't try to give a cop cash. Even if it were kosher to pay a ticket this way, it also means you are waiving a lot of your legal rights.
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