Cap Update

CrazyCanuck · 03-03-2005, 08:27 PM

Here's how the numbers breakdown for the Skins' recent moves (since the last cap sheet update 2/7). The info out there is sketchy so these are my best estimates. Also this doesn't include Barrow or Patten. The post is a little long, so if you just want the summary scroll to the bottom.

(All figures in 000s)

CAP SAVINGS

Samuels - 7 years, $46.5M, $15.75M SB, $3M RB
Year...Salary...Bonus...Old Bonus...Cap Hit
2005...$800.....$3150...$2932.......$6882
2006...$1000....$4150...$2932.......$8082
2007...$2450....$5150...$0..........$7600
2008...$4500....$3150...$0..........$7650
2009...$5000....$3150...$0..........$8150
2010...$6500....$0......$0..........$6500
2011...$7500....$0......$0..........$7500
Total..$27750...$18750..$5864.......$52364
Old 2005 cap number - $9643
New 2005 cap number - $6882
2005 cap savings: $2761

Haley - released
Old 2005 cap number - $1163
New 2005 cap number - $0
2005 deadcap - $325
2005 cap savings: $838

Parker - released
Old 2005 cap number - $455
New 2005 cap number - $0
2005 deadcap - $0
2005 cap savings: $455

Restructures
Ramsey - $500
Jansen - $1000
Thomas - $1600
Wynn - $1900
2005 cap savings: $5000

TOTAL 2005 CAP SAVINGS: $9054

CAP SPENDING

Harris - $1M escalator triggered
2005 cap increase: $1000

Rabach - 5 years, $13.75M, $2.5M SB, $2M RB (guaranteed), 5th year voidable.
Year...Salary...Bonus...Cap Hit
2005...$535.....$900....$1435
2006...$535.....$900....$1435
2007...$1680....$900....$2600
2008...$2500....$900....$3400
2009...$4000....$900....$4900
Total..$9250....$4500...$13750
2005 cap hit: $1435

Marshall - 3 years, $2M, $368K SB
Year...Salary...Bonus...Cap Hit
2005...$455.....$122....$577
2006...$577.....$123....$700
2007...$600.....$123....$723
Total..$1632....$368....$2000
2005 cap hit: $577

Simon - 1 year, $380K
Year...Salary...Bonus...Cap Hit
2005...$380.....$0......$380
Total..$380.....$0......$380
2005 cap hit: $380

Smith - 2 years, $690K
Year...Salary...Bonus...Cap Hit
2005...$305.....$0......$305
2006...$385.....$0......$385
Total..$690.....$0......$690
2005 cap hit: $305

Cartwright - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Evans - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Hasselbeck - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Lott - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Warner - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Clemons - 1 year, $380K tender
Year...Salary...Bonus...Cap Hit
2005...$380.....$0......$380
Total..$380.....$0......$380
2005 cap hit: $380

Chandler - 1 year, $380K tender
Year...Salary...Bonus...Cap Hit
2005...$380.....$0......$380
Total..$380.....$0......$380
2005 cap hit: $380

Salave'a - 1 year, $760K, vet min exemption
Year...Salary...Bonus...Cap Hit
2005...$760.....$-305...$455
Total..$760.....$-305...$455
2005 cap hit: $455

Albright - 1 year, $760K, vet min exemption
Year...Salary...Bonus...Cap Hit
2005...$760.....$-305...$455
Total..$760.....$-305...$455
2005 cap hit: $455

TOTAL CAP SPENDING: $8647

SUMMARY
2005 Cap Savings: $9054
Less 2005 Cap Spending: -$8647
New Cap Limit: $500K
Replaced players in top 51: $3569

TOTAL 2005 SAVINGS (SINCE 2/7): $4476

Cap Room (2/7): $3291

CURRENT CAP ROOM (3/3): $7767

downtown4life · 03-03-2005, 08:39 PM

COLES UPDATE: take a look at his demands for the Jets, on espn.com, click clayton's quick hits on the side of the nfl page

monk81 · 03-03-2005, 08:42 PM

Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:

RedskinRat · 03-03-2005, 09:00 PM

Quote:

Originally Posted by monk81

Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:

I second that, thanks a bunch.

TheMalcolmConnection · 03-03-2005, 08:49 PM

Good to know... Maybe we can actually SAVE some money this year and not break the bank on those "big" signings. I just want to see another good pick in the draft like Taylor was. I also LOVE the Patten signing. That way if Jacobs doesn't pan out, we might have another good WR from the draft.

TheMalcolmConnection · 03-03-2005, 09:01 PM

It's like magic with this guy. Numbers just appear... definitely a good job.

Gmanc711 · 03-03-2005, 09:06 PM

Thanks Crazy C!! You're work dosent go unoticed, great post!

JWsleep · 03-03-2005, 09:15 PM

Excellent. Thanks Canuck.

Redskins_P · 03-04-2005, 09:45 AM

Great job CC. Thanks for the info.

Schneed10 · 03-04-2005, 10:05 AM

Canuck, I absolutely love that you keep track of the salary cap like this. I noticed one thing though on Rabach's salary cap figures. It appears that you are allocating the $4.5 million in bonuses over the life of Rabach's contract. This should be done for the $2.5 million signing bonus, but not for the $2 million roster bonus. Roster bonuses only hit the cap in the year that they are paid out.

Thanks for the good work man, I love your spreadsheet.

CrazyCanuck · 03-04-2005, 03:28 PM

Quote:

Originally Posted by Schneed10

Canuck, I absolutely love that you keep track of the salary cap like this. I noticed one thing though on Rabach's salary cap figures. It appears that you are allocating the $4.5 million in bonuses over the life of Rabach's contract. This should be done for the $2.5 million signing bonus, but not for the $2 million roster bonus. Roster bonuses only hit the cap in the year that they are paid out.

Thanks for the good work man, I love your spreadsheet.

Thanks Schneed. I know from your posts that you are also a "capaholic". If you have any new info or suggestions let me know.

As for Rabach you are correct. I originally broke out the $2 RB over 5 years cuz I wasn't sure when he was due to receive it. I figured I'd go back later and fix it up, but forgot to. Once I made the post I didn't feel like changing all the numbers and totals, etc., considering a lot of the information is speculation in the first place.

Rabach will probabaly get $1M RB in 2006 and $1M in 2007. So for the 2005 cap calculation, you can add the extra $400K to our cap room.

CrazyCanuck · 03-04-2005, 04:35 PM

Here's Patten's breakdown (estimates):

Patten - 5 years, $13M, $3.5M SB
Year...Salary...Bonus...Cap Hit
2005...$660.....$700....$1360
2006...$660.....$700....$1360
2007...$2000....$700....$2700
2008...$2500....$700....$3200
2009...$3700....$700....$4400
Total..$9520....$3500...$13020
2005 cap hit: $1360

I figure we have about $6.8M left under the 2005 cap.

Schneed10 · 03-04-2005, 11:07 PM

Quote:

Originally Posted by CrazyCanuck

Here's Patten's breakdown (estimates):

Patten - 5 years, $13M, $3.5M SB
Year...Salary...Bonus...Cap Hit
2005...$660.....$700....$1360
2006...$660.....$700....$1360
2007...$2000....$700....$2700
2008...$2500....$700....$3200
2009...$3700....$700....$4400
Total..$9520....$3500...$13020
2005 cap hit: $1360

I figure we have about $6.8M left under the 2005 cap.

Yeah, and since they seem to be so cautious in spending that $6.8 million, doesn't it lead us to believe that they are saving the cap room so we can absorb the hit when we decide to get rid of Coles? $6.8 million is a solid amount of room, but they know that getting rid of Coles (by trade or by release) will hit the cap with an additional $6 million charge. If they're really done in free agency like Gibbs says they are, the $6.8 million in remaining cap room is a huge piece of evidence indicating that they plan to get rid of Coles. I hope we at least get Moss (or something else) for him if he's going to end up eating us up as deadcap space.

Releasing Coles will take us right up against the cap pretty much. I think we can probably expect some post-June 1st cuts to make room for the rookie contracts that we'll have to ink for the draft picks. Either that or some contracts will have to get restructured.

We may be done in free agency, but the work isn't done yet.

CrazyCanuck · 03-05-2005, 04:50 PM

Quote:

Originally Posted by Schneed10

Yeah, and since they seem to be so cautious in spending that $6.8 million, doesn't it lead us to believe that they are saving the cap room so we can absorb the hit when we decide to get rid of Coles? $6.8 million is a solid amount of room, but they know that getting rid of Coles (by trade or by release) will hit the cap with an additional $6 million charge. If they're really done in free agency like Gibbs says they are, the $6.8 million in remaining cap room is a huge piece of evidence indicating that they plan to get rid of Coles. I hope we at least get Moss (or something else) for him if he's going to end up eating us up as deadcap space.

Looks like you were right on Schneed.

SmootSmack · 03-04-2005, 10:15 AM

Great work Canuck!

03-03-2005, 08:27 PM	#1
CrazyCanuck Serenity Now Join Date: Feb 2004 Location: Canada Posts: 2,008	Cap Update Here's how the numbers breakdown for the Skins' recent moves (since the last cap sheet update 2/7). The info out there is sketchy so these are my best estimates. Also this doesn't include Barrow or Patten. The post is a little long, so if you just want the summary scroll to the bottom. (All figures in 000s) CAP SAVINGS Samuels - 7 years, $46.5M, $15.75M SB, $3M RB Year...Salary...Bonus...Old Bonus...Cap Hit 2005...$800.....$3150...$2932.......$6882 2006...$1000....$4150...$2932.......$8082 2007...$2450....$5150...$0..........$7600 2008...$4500....$3150...$0..........$7650 2009...$5000....$3150...$0..........$8150 2010...$6500....$0......$0..........$6500 2011...$7500....$0......$0..........$7500 Total..$27750...$18750..$5864.......$52364 Old 2005 cap number - $9643 New 2005 cap number - $6882 2005 cap savings: $2761 Haley - released Old 2005 cap number - $1163 New 2005 cap number - $0 2005 deadcap - $325 2005 cap savings: $838 Parker - released Old 2005 cap number - $455 New 2005 cap number - $0 2005 deadcap - $0 2005 cap savings: $455 Restructures Ramsey - $500 Jansen - $1000 Thomas - $1600 Wynn - $1900 2005 cap savings: $5000 TOTAL 2005 CAP SAVINGS: $9054 CAP SPENDING Harris - $1M escalator triggered 2005 cap increase: $1000 Rabach - 5 years, $13.75M, $2.5M SB, $2M RB (guaranteed), 5th year voidable. Year...Salary...Bonus...Cap Hit 2005...$535.....$900....$1435 2006...$535.....$900....$1435 2007...$1680....$900....$2600 2008...$2500....$900....$3400 2009...$4000....$900....$4900 Total..$9250....$4500...$13750 2005 cap hit: $1435 Marshall - 3 years, $2M, $368K SB Year...Salary...Bonus...Cap Hit 2005...$455.....$122....$577 2006...$577.....$123....$700 2007...$600.....$123....$723 Total..$1632....$368....$2000 2005 cap hit: $577 Simon - 1 year, $380K Year...Salary...Bonus...Cap Hit 2005...$380.....$0......$380 Total..$380.....$0......$380 2005 cap hit: $380 Smith - 2 years, $690K Year...Salary...Bonus...Cap Hit 2005...$305.....$0......$305 2006...$385.....$0......$385 Total..$690.....$0......$690 2005 cap hit: $305 Cartwright - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Evans - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Hasselbeck - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Lott - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Warner - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Clemons - 1 year, $380K tender Year...Salary...Bonus...Cap Hit 2005...$380.....$0......$380 Total..$380.....$0......$380 2005 cap hit: $380 Chandler - 1 year, $380K tender Year...Salary...Bonus...Cap Hit 2005...$380.....$0......$380 Total..$380.....$0......$380 2005 cap hit: $380 Salave'a - 1 year, $760K, vet min exemption Year...Salary...Bonus...Cap Hit 2005...$760.....$-305...$455 Total..$760.....$-305...$455 2005 cap hit: $455 Albright - 1 year, $760K, vet min exemption Year...Salary...Bonus...Cap Hit 2005...$760.....$-305...$455 Total..$760.....$-305...$455 2005 cap hit: $455 TOTAL CAP SPENDING: $8647 SUMMARY 2005 Cap Savings: $9054 Less 2005 Cap Spending: -$8647 New Cap Limit: $500K Replaced players in top 51: $3569 TOTAL 2005 SAVINGS (SINCE 2/7): $4476 Cap Room (2/7): $3291 CURRENT CAP ROOM (3/3): $7767 Last edited by CrazyCanuck; 03-03-2005 at 08:40 PM.

03-03-2005, 08:39 PM	#2
downtown4life Camp Scrub Join Date: Mar 2005 Posts: 25	Re: Cap Update COLES UPDATE: take a look at his demands for the Jets, on espn.com, click clayton's quick hits on the side of the nfl page

03-03-2005, 08:42 PM	#3
monk81 The Starter Join Date: Aug 2004 Location: TEXAS Posts: 2,029	Re: Cap Update Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb: __________________ "It's absolutely criminal, in my opinion, that Monk has yet to be enshrined (in the Pro-Football Hall of Fame)" Dan Arkush PFW

03-03-2005, 08:49 PM	#5
TheMalcolmConnection I like big (_\|_)s. Join Date: Dec 2004 Location: Lexington, Virginia Age: 43 Posts: 19,225	Re: Cap Update Good to know... Maybe we can actually SAVE some money this year and not break the bank on those "big" signings. I just want to see another good pick in the draft like Taylor was. I also LOVE the Patten signing. That way if Jacobs doesn't pan out, we might have another good WR from the draft. __________________ Regret nothing. At one time it was exactly what you wanted.

03-03-2005, 09:01 PM	#6
TheMalcolmConnection I like big (_\|_)s. Join Date: Dec 2004 Location: Lexington, Virginia Age: 43 Posts: 19,225	Re: Cap Update It's like magic with this guy. Numbers just appear... definitely a good job. __________________ Regret nothing. At one time it was exactly what you wanted.

03-03-2005, 09:06 PM	#7
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 39 Posts: 7,506	Re: Cap Update Thanks Crazy C!! You're work dosent go unoticed, great post! __________________ #21

03-03-2005, 09:15 PM	#8
JWsleep Propane and propane accessories Join Date: Feb 2004 Location: Houston, TX Age: 55 Posts: 4,714	Re: Cap Update Excellent. Thanks Canuck. __________________ Hail from Houston!

03-04-2005, 09:45 AM	#9
Redskins_P Fight for old DC! Join Date: Feb 2004 Location: Aldie, VA Age: 46 Posts: 4,101	Re: Cap Update Great job CC. Thanks for the info.

03-04-2005, 10:05 AM	#10
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 45 Posts: 12,421	Re: Cap Update Canuck, I absolutely love that you keep track of the salary cap like this. I noticed one thing though on Rabach's salary cap figures. It appears that you are allocating the $4.5 million in bonuses over the life of Rabach's contract. This should be done for the $2.5 million signing bonus, but not for the $2 million roster bonus. Roster bonuses only hit the cap in the year that they are paid out. Thanks for the good work man, I love your spreadsheet.

03-04-2005, 04:35 PM	#12
CrazyCanuck Serenity Now Join Date: Feb 2004 Location: Canada Posts: 2,008	Patten Here's Patten's breakdown (estimates): Patten - 5 years, $13M, $3.5M SB Year...Salary...Bonus...Cap Hit 2005...$660.....$700....$1360 2006...$660.....$700....$1360 2007...$2000....$700....$2700 2008...$2500....$700....$3200 2009...$3700....$700....$4400 Total..$9520....$3500...$13020 2005 cap hit: $1360 I figure we have about $6.8M left under the 2005 cap.

03-04-2005, 10:15 AM	#15
SmootSmack Uncle Phil Join Date: Feb 2004 Posts: 45,256	Re: Cap Update Great work Canuck! __________________ You're So Vain...You Probably Think This Sig Is About You

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