Redskins 2012 Salary Cap Status

[NYCskinfan82]

[QUOTE=CrazyCanuck;892906]It's hard to construct a deal without knowing exactly what Manning wants, or what financial sacrifices he's willing to make to help build a winner.

But from the Skins perspective my view would be simple: I'm willing to pay this guy top dollar as long as he's on the field playing.

The simplest way is to just give him huge salaries every year. While he's playing he will earn big money. If he gets hurt or is no longer playing at a top level, we can release him with no repercussions. This would also leave open the option of a restructure, either to bring his pay in line with his play, or to free up cap room for a title run at some point.

The "incentive-laden-deal" doesn't really makes sense here. Salary is plenty of incentive to begin with since it's not guaranteed. Plus Peyton has earned enough respect that he doesn't have to play for incentives. You can throw him a bone for a super bowl or mvp but otherwise there's no point. If he's on the field playing it's safe to assume his competitiveness and professionalism would follow.

It comes down to how much he wants guaranteed. I'd take money from future years salaries and give it to him up front as a roster bonus so the whole thing would hit our cap in 2012. I'd prefer to take the hit now when we have cap room and still suck. Allen has been constructing most of his deals this way (ie Monty). Pushing a lot of bonus money to future years is a bad idea IMO.

So to summarize I'd pay him all salary, plus a big roster bonus in 2012. He might have a huge cap hit in 2012 ($25M) but it will lower his salaries in future years. And we can release him at anytime with no deadcap issues.[/QUOTE]


Good stuff, makes great sense.

[MTK]

updated 3/6

http://www.thewarpath.net/WarpathRedskinsCap.htm

[Ruhskins]

From Jay Glazer...

Jay Glazer ‏ @JayGlazer
Hearing that when the league sets the salary cap on Monday it'll be right around $120.6 million

[CrazyCanuck]

Originally Posted by Ruhskins

From Jay Glazer...

Jay Glazer ‏ @JayGlazer
Hearing that when the league sets the salary cap on Monday it'll be right around $120.6 million

Thanks... I'm currently using $120.375M on my sheets so we're not far off.

[los panda]

what would griffin's contract smell like? 4yr/$25M?

[GTripp0012]

Originally Posted by los panda

what would griffin's contract smell like? 4yr/$25M?

Cam was 4/$22 last year, and Von Miller was 4/$21. I'd guess closer to Newton's.

[los panda]

i would have been too scared of this trade 2 years ago, but not today with rookie contracts that actually make sense

[Schneed10]

Originally Posted by GTripp0012

Cam was 4/$22 last year, and Von Miller was 4/$21. I'd guess closer to Newton's.

With inflation added. Whatever the cap when up by from last year to this year's $120.6, take that % increase and apply it to Newton's contract, with a slight adjustment downward given that Griffin is 2nd overall, not first.

I'll say 4/$23 M.

[GTripp0012]

The cap went up (or is estimated to have gone up) by 0.2%.

The difference between Cam's contract and Miller's contract was larger than the relative inflation.

4/$23 is a pretty good estimate because while the rookie cap is rigid, it isn't so rigid that the agent for Griffin won't be able to use the size of the Redskins rookie cap and trade package to get a better deal than anyone in the draft got lat year.

[los panda]

how would it be structured?

[GTripp0012]

Originally Posted by los panda

how would it be structured?

A high pct of it will be in a signing bonus, but the entire amount will be fully guaranteed, so that hardly matters.

The Redskins will also receive a club option for 2016 at the value of a transition (?) tag, but they have to make a decision to exercise that (which becomes guaranteed when exercised) before the start of the 2015 league year. To put that in perspective, that is where Stafford, Sanchez, and Freeman are right now in there careers. Do we yet know who the best of that class is?

It would help everyone if Griffin is very good very fast, because it makes sense if you know he's going to be your QB for a long time to get an extension done prior to the relevant contract option because you're going to have to give him a boatload of guaranteed money anyway, so itd be best if you can sign him long term with that money rather than committing to give it to him and still having to sign him.

Basically, your commitment to Robert Griffin as a function of this trade is three years. But we already knew that because we don't have a first round pick in 2013 or 2014, so it's kinda difficult to replace him with a Matt Barkley or a Tyler Bray.

[los panda]

Originally Posted by GTripp0012

To put that in perspective, that is where Stafford, Sanchez, and Freeman are right now in their careers. Do we yet know who the best of that class is?

stafford

[GTripp0012]

Originally Posted by los panda

stafford

Before this year he would have been last.

I think Stafford and Freeman are at the same spot in their development (and they were the same prospect coming out essentially), but Stafford's team is loaded with talent and Freeman's is a big question mark.

This will blow your mind: Stafford and Freeman will both be the same age week 1 (24) as Ryan Tannehill and Kirk Cousins will. They're about half a year older in actuality, despite three years more experience as NFL starters.

[GTripp0012]

**UPDATED (March 11, 2012)** Redskins 2012 Salary Cap Info

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

4. Potential player releases from $90 million cap number (plus 390k UDFA val):

DeAngelo Hall, $6.2 million-390k = $5.8 million net gain
O.J. Atogwe, $2.3 million-390k = $1.9 million net gain
Jammal Brown, -$650k-390k = -$1.04 million [net loss]
John Beck, $1 million-390k = $0.6 million net gain
Mike Sellers, $925k-390k = $0.55 million net gain
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 = $12.24 million retrievable

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

6a. Rule of 51 = 4 contracts at league min (390k) = $1.56 million <--the Redskins now have more than 51 players under contract
6b. Redskins Exclusive Rights Free Agents, less UDFA rookie minimum (375k per)

Graham Gano, 2012 Cap Number = $0.54 million-390k = $0.15 million

Total as of January 17 = $150k

6c. Redskins Restricted Free Agents, less UDFA rookie minimum (375k per)

Kory Lichtensteiger, 2012 Cap Number = $1.875 million-390k = $1.5 million (projected 2nd round tender) $1.2 million-390k = $0.81 million (original round (4th) tender) CONFIRMED
Byron Westbrook, 2012 Cap Number = $1.2 million-390k = $0.825 million (projected low tender) <-- Rich Tandler reports Redskins will not offer RFA tender to Westbrook

Total as of March 11 = $0.81 million

6d. Redskins Unrestricted Free Agents and PROJECTED CAP FIGURES, less UDFA rookie minimum (390k per):

London Fletcher, 2011 Cap Number = $5.67 million-390k = $5.28 million
Fred Davis, 2011 FRANCHISE TENDER = $5.446 million-390k = $5.056 million CONFIRMED
Will Montgomery, 2012 Cap Number = $3.5 million-390k =$3.11 million CONFIRMED
Adam Carriker, 2011 Cap Number = $3.25 million-390k = $2.86 million
Tim Hightower, 2011 Cap Number = $1.5 million-390k = $1.11 million
Darrion Scott, 2012 Cap Number = $650k-$390k =$260k

Rex Grossman
Rocky McIntosh
Kedric Golston
Donte Stallworth
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook <-- added

PROJECTED Total as of January 17 = $20.085 million <--Removed Landry's projection
PROJECTED Total as of March 2 = $18.911 million March 11 = $18.636 million
ACCUMULATED Total as of March 2 = $9.489 million March 11 = $9.386 million

6f. Accumulated re-signings = $9.386 million

7. Signed unrestricted free agents from other teams:
Total as of January 17: N/A

8. Salary Cap space after projected re-signings, March 11, 2012 =$21.9 million
Actual salary cap space as of March 11, 2012 (minus allowances for tenders including TE franchise tag): $31.1 million

[GTripp0012]

The projection now adjusts for the $120.6 cap and confirms Davi's franchise tender. I also now believe I was double-counting the Monty contract. And finally, I upped the league min value from 375k to 390k, which changed practically nothing.

The result is $34.2 million in cap room entering the unrestrictred free agent period, of which I am expecting 27% to go towards existing Redskins with expiring contracts.

I would expect Robert Griffin to account for about $5 million in 2012 cap dollars.