Re: Redskins 2012 Salary Cap Status
 

Never mind I answered my own question:

[url=http://www.hogshaven.com/2012/3/13/2869881/free-agency-open-thread-3-0-with-salary-cap-update]Free Agency Open Thread 3.0 With Salary Cap Update - Hogs Haven[/url]

"Pierre Garcon: Base salary: $2.1m, $11m signing bonus. The bonus prorated over 5 years is $2.2 million per year, meaning that absent any hidden fees, he only accounts for $4.3 million against the cap in 2012."

Re: Redskins 2012 Salary Cap Status
 

[QUOTE=SmootSmack;898202]Post of the day[/QUOTE]



You ain't lying. 9.2 seems like enough to re-sign Fletch and an OT, You would at best get a 5th for Gaffney Tripp.

Re: Redskins 2012 Salary Cap Status
 

[quote=CrazyCanuck;898258]Do you have a source for Garcon's number? Not trying to bust your balls I'm just curious cuz I've seen conflicting reports.

This story [url=http://www.washingtonpost.com/sports/redskins/redskins-reach-deals-with-three-wide-receivers-re-sign-de-adam-carriker/2012/03/13/gIQA9xQXAS_story.html]Redskins reach deals with two wide receivers, re-sign DE Adam Carriker - The Washington Post[/url] says "He accepted a five-year deal from the Redskins worth $42 million — $21.5 million of it guaranteed — according to people with knowledge of the situation."

If you assume a $21.5M signing bonus, his 2012 SB allocation would be $4.3M. Add in salary and/or roster bonus and his cap hit is over $5M at least.

This story [url=http://www.washingtonpost.com/sports/redskins/ex-colts-receiver-pierre-garcon-says-hes-signing-with-the-redskins-on-1st-day-of-free-agency/2012/03/13/gIQAhTGCAS_story.html]Ex-Colts receiver Pierre Garcon agrees to 5-yr, $42.5M deal with Redskins - The Washington Post[/url] says "The contract includes $20.5 million in guaranteed money, with an $11 million signing bonus."

If you assume an $11M signing bonus, his 2012 SB allocation would be $2.2M. How do you get to $4.3M?[/quote]I've only ever seen the SB at $11.

[url=http://rotoworld.com/player/nfl/4945/pierre-garcon]Pierre Garcon - Washington Redskins - 2012 Player Profile - Rotoworld.com[/url]

$2.2 SB + $2.1 guaranteed base salary.

Always the possibility of a 50k workout bonus or a weekly roster bonus or something along those lines that wasn't reported, but in the absence of that, it's $4.3 million.

Re: Redskins 2012 Salary Cap Status
 

[quote=EARTHQUAKE2689;898308]You ain't lying. 9.2 seems like enough to re-sign Fletch and an OT, You would at best get a 5th for Gaffney Tripp.[/quote]I think they just want someone younger. And the team needs more than just Fletch and an OT. They need a lot of help on the defense, although they're probably all set on the front five.

Re: Redskins 2012 Salary Cap Status
 

[quote=GTripp0012;898310]I think they just want someone younger. And the team needs more than just Fletch and an OT. They need a lot of help on the defense, although they're probably all set on the front five.[/quote]

Perry Riley means we have a front 6 and as long as jenkins is in good shape we have a defensive front good rotation.

We have 2 decent but not good corners. I wish we would get another and we need safety help bad.

Re: Redskins 2012 Salary Cap Status
 

[quote=SkinItup;898315]Perry Riley means we have a front 6 and as long as jenkins is in good shape we have a defensive front good rotation.

We have 2 decent but not good corners. I wish we would get another and we need safety help bad.[/quote]Riley can be a quality starter or a quality backup at this point. But if you don't have anyone to push him, you'll be in trouble vs the run if he misses time. And obviously Fletcher is a different issue entirely, but takes up a huge percentage of the remaining cap if he re-signs.

Re: Redskins 2012 Salary Cap Status
 

I would take the 5th for Gaffney and roll with it.

Re: Redskins 2012 Salary Cap Status
 

Has an official notice of the sanctions been handed out yet?

Re: Redskins 2012 Salary Cap Status
 

From what i've been reading there will probably be lawyers involved shortly over this issue.

Re: Redskins 2012 Salary Cap Status
 

So does that mean we will see a resolution to this sooner rather than later?

Re: Redskins 2011 Salary Cap Status
 

[quote=GTripp0012;898137][B]**UPDATED (March 13, 2012)** Redskins 2012 Salary Cap Info[/B]

[U]2012 Salary Cap Situation[/U]
1. Salary Cap Projection = [COLOR="Silver"]$124 million $120.375 million[/COLOR] $120.6 million <-- Small salary cap increase
2a. Number of players under contract for the Redskins = [COLOR="Silver"]47 56[/COLOR] 54
2b. Redskins Cap Number, March 2 2012 = [COLOR="Silver"]$86.3 million[/COLOR] $93.1 million
2c. Difference between adjusted 2012 cap number and projected cap = $27.5 million
2d. Redskins 2011 Salary Cap Rollover = $13 million
[B]3. Salary Cap space, February 2012 + cap rollover = $40.5 million[/B]

4. Potential player releases from $90 million cap number (plus 390k UDFA val):[INDENT]DeAngelo Hall, $6.2 million-390k = $5.8 million net gain
[B]O.J. Atogwe, $4.0 million-390k = $3.6 million net gain CONFIRMED[/B]
Jammal Brown, -$650k-390k = -$1.04 million [net loss]
John Beck, $1 million-390k = $0.6 million net gain
[B]Mike Sellers, $925k-390k = $0.55 million net gain CONFIRMED[/B]
Reed Doughty, $1.15 million-390k = $0.76 million net gain
Santana Moss, $484k-390k = $0.1 million net gain
Chris Cooley, $2.07 million-390k = $1.68 million net gain

Total = $13.94 million retrievable[/INDENT]
4b. Actual Cap Retrieved from Player Releases/Restructures: $4.15 million

5. Space for potential releases PLUS existing cap space = [B]$55.84 million available[/B] (does not include June 1 release flexibility)

[COLOR="Silver"]6a. [I]Rule of 51 = 4 contracts at league min (390k) = $1.56 million[/I][/COLOR] <--the Redskins now have more than 51 players under contract
6b. Redskins Exclusive Rights Free Agents, less UDFA rookie minimum (375k per)[INDENT][B]Graham Gano, 2012 Cap Number = $0.54 million-390k = $0.15 million[/B]

Total as of January 17 = $150k[/INDENT]
6c. Redskins Restricted Free Agents, less UDFA rookie minimum (375k per)[INDENT][B]Kory Lichtensteiger, 2012 Cap Number = [COLOR="Silver"]$1.875 million-390k = $1.5 million (projected 2nd round tender)[/COLOR] $1.2 million-390k = $0.81 million (original round (4th) tender) CONFIRMED[/B]
[COLOR="Silver"]Byron Westbrook, 2012 Cap Number = $1.2 million-390k = $0.825 million (projected low tender) [/COLOR]<-- Rich Tandler reports Redskins will not offer RFA tender to Westbrook

Total as of March 11 = $0.81 million[/INDENT]
6d. Redskins Unrestricted Free Agents and PROJECTED CAP FIGURES, less UDFA rookie minimum (390k per):[INDENT]London Fletcher, 2012 Cap Number = $5.67 million-390k = $5.28 million
[B]Fred Davis, 2012 FRANCHISE TENDER = $5.446 million-390k = $5.056 million CONFIRMED[/B]
[B]Will Montgomery, 2012 Cap Number = $3.5 million-390k =$3.11 million CONFIRMED[/B]
[B]Adam Carriker, 2012 Cap Number = $1.7 million-390k = $1.31 million CONFIRMED[/B]
Tim Hightower, 2012 Cap Number = $1.5 million-390k = $1.11 million
[B]Darrion Scott, 2012 Cap Number = $650k-$390k =$260k[/B]

Rex Grossman
Rocky McIntosh
Kedric Golston
Donte Stallworth
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook [COLOR="Silver"]<-- added[/COLOR]

[COLOR="Silver"]PROJECTED Total as of January 17 = $20.085 million[/COLOR] <--Removed Landry's projection
PROJECTED Total as of [COLOR="Silver"]March 2 = $18.911 million[/COLOR] March 13 = $17.086 million
[B]ACCUMULATED Total as of [COLOR="silver"]March 2 = $9.489 million[/COLOR] March 13 = $10.696 million [/B][/INDENT]
6f. [B]Accumulated re-signings = $10.696 million[/B]
Projected additional re-signings (Fletcher and Hightower) = $6.39 million

7. Signed unrestricted free agents from other teams:
[Indent][B]Pierre Garcon: $4.3 million-390k = $3.91 million CONFIRMED
Josh Morgan: $2.9 million-390k = $2.51 million CONFIRMED [/B][/Indent]
Total as of the evening of March 13th: $6.42 million

8. [B]Salary Cap space after projected re-signings, March 13, 2012 [/B]=[B]$21.13 million[/B]
Actual salary cap space as of March 13, 2012: [SIZE="4"] $27.52 million[/SIZE][/quote]

Excellent info, thanks a million for putting the leg work to bring us these numbers!

[QUOTE=EARTHQUAKE2689;898337]So does that mean we will see a resolution to this sooner rather than later?[/QUOTE]

Lawyers = billable hours
Billable hours = must check minutia
Must check minutia = no resolution soon

Re: Redskins 2012 Salary Cap Status
 

[url=http://profootballtalk.nbcsports.com/2012/03/14/creativity-helps-skins-manage-cap-charge-with-morgan-deal/]Creativity helps ‘Skins manage cap charge with Morgan deal | ProFootballTalk[/url]

Re: Redskins 2012 Salary Cap Status
 

[quote=Mattyk;898703][url=http://profootballtalk.nbcsports.com/2012/03/14/creativity-helps-skins-manage-cap-charge-with-morgan-deal/]Creativity helps ‘Skins manage cap charge with Morgan deal | ProFootballTalk[/url][/quote]

Thats brilliant. Wonder when they're gonna be punished for that

Re: Redskins 2012 Salary Cap Status
 

[quote=Mattyk;898703][URL="http://profootballtalk.nbcsports.com/2012/03/14/creativity-helps-skins-manage-cap-charge-with-morgan-deal/"]Creativity helps ‘Skins manage cap charge with Morgan deal | ProFootballTalk[/URL][/quote]
So it turns out Morgan's cap number is $3.1 million, not $2.9 with the workout bonus that he is basically guaranteed to get.

Re: Redskins 2012 Salary Cap Status
 

[quote=steveo395;898753]So it turns out Morgan's cap number is $3.1 million, not $2.9 with the workout bonus that he is basically guaranteed to get.[/quote]You are correct. And Carriker is 1.75 instead of 1.70 for the same reason.

Net subtraction of $250,000 in cap space.

PCinOZ thinks that the Carriker buyback will end up as a $1 mil cap charge in 2012. It's possible, but I'm not sure about that. I would think it's at least offset in 2012.

Re: Redskins 2012 Salary Cap Status
 

I am very excited to see how the redskins will structure all their contracts when the season comes. Considering we are looking at Royal, Ross, Grubbs, Winston; I am baffled as to where our cap space comes from this year AND next year when we will not get the 13 million in cap credits we got this year (I think...unless using this years 18 mil in unused cap next year to cancel out is the silver lining). Anyone know how cap credits are to work for us next year? Or what we can salvage as compensation?

Re: Redskins 2012 Salary Cap Status
 

[quote=GTripp0012;898761]PCinOZ thinks that the Carriker buyback will end up as a $1 mil cap charge in 2012. It's possible, but I'm not sure about that. I would think it's at least offset in 2012.[/quote]

I'd think the opposite. We should get a $1M [B]credit[/B] if he exercises his option.

Re: Redskins 2012 Salary Cap Status
 

[quote=skinster;898767]I am very excited to see how the redskins will structure all their contracts when the season comes. Considering we are looking at Royal, Ross, Grubbs, Winston; I am baffled as to where our cap space comes from this year AND next year when we will not get the 13 million in cap credits we got this year (I think...unless using this years 18 mil in unused cap next year to cancel out is the silver lining). Anyone know how cap credits are to work for us next year? Or what we can salvage as compensation?[/quote]

You know what I've learned to do? Sit back and trust the numbers guys. They know what they're doing. I don't even try to figure it out on my own.

Re: Redskins 2012 Salary Cap Status
 

[quote=Mattyk;898773]You know what I've learned to do? Sit back and trust the numbers guys. They know what they're doing. I don't even try to figure it out on my own.[/quote]

Lol, so do most people. But to me what makes football far and away better than any other sport is how it is structured from a business perspective, specifically the cap rules. Its fun for me to follow the numbers, which is why I came to thewarpath in the first place...the cap sheet.

Re: Redskins 2012 Salary Cap Status
 

[quote=CrazyCanuck;898772]I'd think the opposite. We should get a $1M [B]credit[/B] if he exercises his option.[/quote]There would definitely be a credit some where. I think he's saying it's $1 mil extra in 2012, and then if he exercises, there's a $1 cap credit in 2013 (although we'd still owe the remaining amortized SB deadcap, so $2.25 million - $1 million in cap credit).

I'm suggesting that while what he says makes sense, I think that there would probably be an offsetting clause for purposes of the 2012 cap. If this was going to cost the Redskins 1/9 of their remaining cap space in 2012, it would have made more sense to just make next year (2013) voidable with no buyback.

Re: Redskins 2012 Salary Cap Status
 

[quote=skinster;898767]I am very excited to see how the redskins will structure all their contracts when the season comes. Considering we are looking at Royal, Ross, Grubbs, Winston; I am baffled as to where our cap space comes from this year AND next year when we will not get the 13 million in cap credits we got this year (I think...unless using this years 18 mil in unused cap next year to cancel out is the silver lining). Anyone know how cap credits are to work for us next year? Or what we can salvage as compensation?[/quote]Anything we don't use can be rolled over. Which is a huge cap credit that never existed in the past.

We won't be able to roll over $18 million of what we don't use, per the penalty. Unless of course, the NFL overturns it, and then we get an $18 million rollover in 2013.

The Redskins still have a lot of cap space in future seasons, but if they spend up to the limit this year (which you'll know if they start to restructure veteran deals), then they won't have any additional cap room next year.

No matter what happens, they (along with the rest of the league) will have a ton of cap room in 2014. Which is why it makes sense to put some deadcap there to lessen the hit in the next two years.

The problem with the structure of the receiver deals from yesterday is that the Redskins don't have much financial flexibility to move those guys if they don't work out next year. The only addition we'll make to the receiving corps between 2012 and 2013 is by subtraction. Which makes their cuts at the position this year EXTREMELY important.

[url=http://www.grantland.com/blog/the-triangle/post/_/id/20250/free-agency-day-1-the-insightful-and-the-incoherent]Free Agency Day 1: The Insightful and the Incoherent - The Triangle Blog - Grantland[/url]

[quote=Bill Barnwell]While the Redskins were seemingly down to Santana Moss and flotsam at wideout, they already had a useful receiver sitting in Mike Shanahan's ample doghouse. Anthony Armstrong spent most of 2011 on the bench because Shanahan thought he couldn't get off press coverage at the line of scrimmage, but Armstrong's production as a starter in 2010 was arguably better than Garcon's, despite the fact that the former swapped out Peyton Manning for Donovan McNabb and Rex Grossman:

2010 Catches Targets Catch % Yards Yds/Catch
Garcon 67 119 56% 784 11.7
Armstrong 44 86 51% 871 19.8

Garcon might be the better player, but it's not a clear case. At the very least, the difference between the two of them over the next two seasons certainly isn't $21.5 million in guaranteed cash. As bad signings go, this isn't bringing in Albert Haynesworth, since Haynesworth was at least at the top of his game in the two seasons before the Redskins paid too much for him. This is more like the signings of DeAngelo Hall or Brandon Lloyd, when the Redskins acquired (or retained) a B-list player by giving him A-list money. You can make the case that Washington needed to upgrade at wide receiver and give RG3 options, but you don't accomplish that by throwing $21.5 million at league-average receivers.[/quote]

Re: Redskins 2012 Salary Cap Status
 

[quote=GTripp0012;898781]Anything we don't use can be rolled over. Which is a huge cap credit that never existed in the past.

We won't be able to roll over $18 million of what we don't use, per the penalty. Unless of course, the NFL overturns it, and then we get an $18 million rollover in 2013.

The Redskins still have a lot of cap space in future seasons, but if they spend up to the limit this year (which you'll know if they start to restructure veteran deals), then they won't have any additional cap room next year.

No matter what happens, they (along with the rest of the league) will have a ton of cap room in 2014. Which is why it makes sense to put some deadcap there to lessen the hit in the next two years.

The problem with the structure of the receiver deals from yesterday is that the Redskins don't have much financial flexibility to move those guys if they don't work out next year. The only addition we'll make to the receiving corps between 2012 and 2013 is by subtraction. Which makes their cuts at the position this year EXTREMELY important.

[url=http://www.grantland.com/blog/the-triangle/post/_/id/20250/free-agency-day-1-the-insightful-and-the-incoherent]Free Agency Day 1: The Insightful and the Incoherent - The Triangle Blog - Grantland[/url][/quote]

Another question. We used 13 mil in cap credits this year. What we don't use of that will we be able to roll over to next year?

Re: Redskins 2012 Salary Cap Status
 

[quote=skinster;898774]Lol, so do most people. But to me what makes football far and away better than any other sport is how it is structured from a business perspective, specifically the cap rules. Its fun for me to follow the numbers, which is why I came to thewarpath in the first place...the cap sheet.[/quote]

I hear ya, I follow it, I just don't get too hung up on the details

Re: Redskins 2012 Salary Cap Status
 

[quote=skinster;898786]Another question. We used 13 mil in cap credits this year. What we don't use of that will we be able to roll over to next year?[/quote]In theory, yes.

Re: Redskins 2012 Salary Cap Status
 

The Montgomery restructure seems like a clear way to make enough room to add Fletcher.

At that point, we're fresh out of cap space. Probably extend Fred Davis and do something with Cooley's contract so we can sign our rookies.

Re: Redskins 2012 Salary Cap Status
 

[quote=GTripp0012;900305]The Montgomery restructure seems like a clear way to make enough room to add Fletcher.

At that point, we're fresh out of cap space. Probably extend Fred Davis and do something with Cooley's contract so we can sign our rookies.[/quote]

Or cut someone currently on the roster.

Re: Redskins 2012 Salary Cap Status
 

[quote=SkinzWin;900310]Or cut someone currently on the roster.[/quote]Hall and Gaffney are the only guys on the entire roster who could save meaningful cap room in a release situation. Maybe Doughty, but I'd have to see his contract. And he might be our best safety at this point.

Beck gives you just under a million, but I think they want him in camp as an extra arm.

Re: Redskins 2012 Salary Cap Status
 

I'm guessing some more restructures are possible though?

Re: Redskins 2012 Salary Cap Status
 

[quote=GreekSkin;900332]I'm guessing some more restructures are possible though?[/quote]
You'd think they'd look to restructure Silverback's .

Re: Redskins 2012 Salary Cap Status
 

“@ProFootballTalk: Team-by-team remaining cap space, as of Thursday [url]http://t.co/h5Nh6sWp”[/url]

According to this we still have $11 mil?

Re: Redskins 2012 Salary Cap Status
 

[quote=SkinzWin;900344]“@ProFootballTalk: Team-by-team remaining cap space, as of Thursday [url]http://t.co/h5Nh6sWp”[/url]

According to this we still have $11 mil?[/quote]

[url=http://blogs.nfl.com/2012/03/16/updated-salary-cap-information-for-all-32-teams/?module=HP11_content_stream]NFL.com Blogs » Blog Archive Remaining salary-cap room for all 32 teams «[/url]

Re: Redskins 2012 Salary Cap Status
 

[quote=SFREDSKIN;900356][url=http://blogs.nfl.com/2012/03/16/updated-salary-cap-information-for-all-32-teams/?module=HP11_content_stream]NFL.com Blogs » Blog Archive Remaining salary-cap room for all 32 teams «[/url][/quote]

My question was how do we still have that much? Everyone is making it sound like we are going to have to restructure contracts just to sign another player

Re: Redskins 2012 Salary Cap Status
 

I wonder if the cap hit we're taking from the NFL is included in those numbers.

Re: Redskins 2012 Salary Cap Status
 

[quote=GreekSkin;900390]I wonder if the cap hit we're taking from the NFL is included in those numbers.[/quote]

I beleive so.

Re: Redskins 2012 Salary Cap Status
 

Just did an update (3/19). I've included all the recent signings as well as the $13.6M credit and the $18M charge.

I have us at $4.6M of cap room.

Re: Redskins 2012 Salary Cap Status
 

[quote=CrazyCanuck;901600]Just did an update (3/19). I've included all the recent signings as well as the $13.6M credit and the $18M charge.

I have us at $4.6M of cap room.[/quote]

How much of that do you think will be allocated to draft picks? Or is there a seperate pool? I can't remember how that works...

Re: Redskins 2012 Salary Cap Status
 

brilliant. thank you, sir

Re: Redskins 2012 Salary Cap Status
 

[quote=GMScud;901601]How much of that do you think will be allocated to draft picks? Or is there a seperate pool? I can't remember how that works...[/quote]

I have not allocated anything to the rookie pool so draft picks will have to be paid out of this $4.6M. Should be able to fit them all in, but won't leave us much $ afterwards. Then again we can still restructure some deals to gain a little more space if needed.

Re: Redskins 2012 Salary Cap Status
 

i have no idea how these players feel about restructuring, but i'd prefer that to cutting them: hall, cooley, williams, and sign davis to a long term deal. that should clear enough room to sign the rookies and albright