joeshmo
Kangol Hat Aficionado
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Spreadsheet up to date as of 3-27-09 in the AM.
I was going to wait to do this until after the playoffs were over but with the angst of having to wait until this Sunday I needed something to pass my time. I am sure you all understand.
Now we all saw the report of us having 41 million in cap space for the 2009 offseason. I try to temper that by saying it doesnt include dead cap space or performance bonuses yet to be earned in the 2008 season and what ever performance bonuses that didn’t fit under the remaining 2008 cap would roll over to the 2009 cap space. Well I believe I have accounted for all of those bonuses and it did not come out to as much as I thought it would come out to meaning it didn’t impact the 2009 cap space as much a I originally thought.
Also note that there are 5 players that no one will recognize that also reduced that 41 mil. figure a bit. These players were signed to “future” contracts on December 30th. I was going to wait until the media announced it to bring it up but they haven’t yet so you heard it here first. Anyways these players are:
QB - Tyler Palko
FB - Justin Green
OL - Ben Claxton
P - Waylon Prather
Now for my own take on spreadsheet as a whole, nothing about individual players.
We only have 37 players under contract with just over 38 mill cap space left for 16 more players. We can tender all 16 EFA’s and Tender the 3 RFA’s what they deserve to be tendered for a total of 19 more players and we would still have approximately 27.9 mill in cap space left. Minus about 2 mil. In rookie cap space (high estimate) and we should have approximately 25.9 mill in cap space left to spend on UFA’s. Note that estimate is a worst case scenerio because I am including players outside of the top 51 salaries (we should know the rule of 51 by now), and I included EFA/RFA players we probably wont tender. Se even with guys like Warner, Dansby, A. Smith that may need to be re-signed over 25 mill to spend on UFA’s is plenty of cap space to re-sign your own UFA’s and still be major players in the UFA market.
Joe -- see if you agree with my calcs:
Current avaiable cap= $6.6mm
less Rookie pool ($3.95mm)
current available $2.65mm
However -- when the eight drafted players sign, they will bump a $310,000 player currently in the cap out of the top 53. So-- from a cap perspective and how I calculated it above, you add 8 x $310,000 back ( or $2.48 mm )
this would imply a current available cap figure of $5.13 mm ( give or take )
Got the right idea, just not the right execution. Remember the rule of 51. Also remember the 3rd through 7th rounders dont make enough to be in the top 51. So only the 1st and 2nd rounder count against the cap right now and would push only 2 guys out of the top 51.
Current cap space = 6,652,403
Minus estimate cost of 1st and 2nd rounder(1.5 mill) = 5,152,403 cap space left
Add back in the two players that will be kicked out of the top 51 salaries(870k) = 6,022,403 in estiamte cap after rookie contracts.
So what is the current status of the Dansby negotiations?
So what is the current status of the Dansby negotiations?
An additional 1 million dollars will be added to the salary cap.
http://sports.espn.go.com/nfl/news/story?id=4169590
Joe has been calculating based on $128, I believe.