Redskins 2011 Salary Cap Status

[That Guy]

(posted in wrong thread, my bad)

[bedlamVR]

I have a question . In this year does the June the 1st designation still exist - i.e. the previous tool to push forward a portion of the cap hit to the following years for veterans cut after June the 1st .

I have seen a couple of people saying it doesn't apply this season and others (e.g AdamTJ13) insisting it did . What impact would this have on our cap situation and teams with a cap issue like the Cowboys ...

[SBXVII]

Uh Oh, here we go again. DOOMSDAY. are we in cap hell? It seems like every year people like to say we are and then all the finageling starts.

JK.

I think we should be in pretty good shape to sign key items to help out the team. It's the teams like Dallas who will have to do some major contract work in order to keep players and bring in new ones.

[The Owner]

So, with all the trades, rookie and vet signings.... Where do the Redskins stand in cap room? Does anyone have a "roundabout" idea?

[Schneed10]

Originally Posted by The Owner

So, with all the trades, rookie and vet signings.... Where do the Redskins stand in cap room? Does anyone have a "roundabout" idea?

Really tough to tell. From my perspective, the information out there (sources: Clayton at ESPN, and Tandler via JI Halsell) are too greatly in conflict to be certain what the starting point was.

From there, information is sketchy on the impact of trading McNabb, impact of releasing Rabach, and the impact of the new deals signed over the last few days because we don't have the contract details yet.

I think space remains to keep working but I don't know how much. I wouldn't be putting out a number right now.

[GTripp0012]

Originally Posted by Schneed10

Really tough to tell. From my perspective, the information out there (sources: Clayton at ESPN, and Tandler via JI Halsell) are too greatly in conflict to be certain what the starting point was.

From there, information is sketchy on the impact of trading McNabb, impact of releasing Rabach, and the impact of the new deals signed over the last few days because we don't have the contract details yet.

I think space remains to keep working but I don't know how much. I wouldn't be putting out a number right now.

I feel incredibly confident in saying its in excess of 10 million. I know that's a big range: 10+ mil, but we've still got a basic offseasons worth of cap space to work with.

Kemoeatu also just released.

[Schneed10]

Originally Posted by GTripp0012

I feel incredibly confident in saying its in excess of 10 million. I know that's a big range: 10+ mil, but we've still got a basic offseasons worth of cap space to work with.

Kemoeatu also just released.

Yeah suffice it to say we have enough to keep making moves. How much, nobody knows. Things are happening too fast right now.

[That Guy]

cofield is 12.5/36 over 6? moss 6/15 over 3? i assume donte is cheap, gaffney is cheap (have to check on his current contract w/o SB) and wislon was what? 8/13.5 over 3?

not a lot of big signings yet... still need jenkins and an OL if nothing else, but we got room for that and some midlevels/vet min cut guys.

[SmootSmack]

This morning I heard $21 million under, but I don't even pretend to understand the cap

[MTK]

AH and DM saved us some nice room, but with all the moves coming and going good luck figuring out where we're at right now. I'm guessing we still have a lot of spendin' to do.

[GTripp0012]

Cap Update:

Our total 2011 cash outlay is at $106 million, which includes all the cuts and signings to date, and a rookie salary estimate, but not a Cullen Jenkins deal.

I have us sitting on $21.8 million in cap space at the current moment. Our signings to date have pretty much been cancelled out by our cuts and trades.

[GTripp0012]

Originally Posted by SmootSmack

This morning I heard $21 million under, but I don't even pretend to understand the cap

Wow. First I saw this post by you and it pretty much equals my calculations over the last out exactly.

Good stuff.

[GTripp0012]

In other words, if Cullen Jenkins' deal is a blockbuster, it won't matter much on our 2011 cap.

2012 though is starting to get a little tighter.

[GTripp0012]

Stephen Bowen update: estimated cap number = $4 million

There is roughly $17 million remaining under the salary cap for 2011. We have matched the cash requirement for the 2011 Collective Bargaining Agreement with the NFLPA.

It's $37 million in deadcap for the following cuts:

Kemoeatu
Portis
Moss (voided deal prior to resigning)
Carter
Haynesworth
McNabb
Dockery
Rabach

Moss is actually counting $8.5 million on our cap, which is $5.5 million for the remenants of his old deal, and $3 million for his current deal.

But all that means is our salary cap is $87 million instead of $123.7 million. And the only big contract we have on the books is Fletcher at $7 million. So that's why we have so much deadcap and can still be signing.

[rbanerjee23]

Man $17 million? let's go get Jason Campbell lol