Cap Update

[SmootSmack]

Backrow, thanks for the kind comments. There'll be a little something extra in your paycheck this week.

But it's great to have so many people contributing in their own way on this site. It's all about team chemistry...chain is only as strong as its weakest link...united we stand, divided we fall....the sum is greater than its parts (or something like that)...and so on

[Sheriff Gonna Getcha]

Originally Posted by smootsmack

Backrow, thanks for the kind comments. There'll be a little something extra in your paycheck this week.

But it's great to have so many people contributing in their own way on this site. It's all about team chemistry...chain is only as strong as its weakest link...united we stand, divided we fall....the sum is greater than its parts (or something like that)...and so on

Totally agree - I don't think anyone would disagree with that.

[CrazyCanuck]

Thanks all for the kind words.

And I agree the great part of this site is all the posters bring something different to the table.

For instance, you won't see too many of my posts when talking about the draft, since I don't really follow college ball closely. I prefer to sit back and see what you guys have to say (which luckily is plenty). I've really learnt a lot over the years from this site.

So thanks again and keep up the good work!

[CrazyCanuck]

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]

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.

[MTK]

Hey CC just curious, when you come up with the cap estimates is there a certain way you calculate them? Is there a certain percentage you assign to each year?

[CrazyCanuck]

Originally Posted by Mattyk72

Hey CC just curious, when you come up with the cap estimates is there a certain way you calculate them? Is there a certain percentage you assign to each year?

Basically I get all the information I can then fill in the blanks if need be.

Take Patten. I read he got 5 years $13M, with a $3.5M SB. That leaves $9.5M to account for. Since no RB is mentioned, I assume the entire $9.5M will be salary. His salaries have not yet been posted on NFLPA, so I just make estimates. I know the total and I know the first couple years are usually at the league minimum.

[CrazyCanuck]

Just for the record, the numbers in the official cap sheets are pretty much all verified. I try not to put any estimates in there.

[Schneed10]

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.

[Schneed10]

Originally Posted by CrazyCanuck

Just for the record, the numbers in the official cap sheets are pretty much all verified. I try not to put any estimates in there.

So is there a NFLPA website that keeps track of the official figures? 'Cause that's pretty supercalifragilisticexpealawesome.

Got a link?

[KLHJ2]

Originally Posted by Schneed10

So is there a NFLPA website that keeps track of the official figures? 'Cause that's pretty supercalifragilisticexpealawesome.

Got a link?

The easiest thing to do is go to google and then type in nflpa.

[That Guy]

i really dont like bowing down and letting cole rape our cap ... rather have smoot back instead.

[mooby]

i think we should release mark brunell. its unfair that he's getting paid 43 million to sit on the bench. thanks for the cap figures canuck

[CrazyCanuck]

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.

[wolfeskins]

the skins will save some money when they release chad morton, won't they ?