Cap space

[AsUpRoDiGy]

How much Cap Space do we have now after cutting edge, hood, and laboy? I know Laboy was making somewhere around $6M, and Edge somewhere around $5M...What does that put our cap space at?

 

[Treefiddy]

http://www.azcardinals.com/news/detail.php?PRKey=2992

According to the NFL Players Association, James had been scheduled to make $5 million in salary, LaBoy $2 million and Hood $3 million. The trio will leave a total of about $8.5 million in pro-rated bonus money against the salary cap, putting the salary cap savings at approximately $6 million.

 

[AsUpRoDiGy]

that's good news, hopefully we can sign Wilson to an extension now...I was way off on Laboy making $6M, lol. Thanks for the link

 

[AntSports Steve]

I did the math in the 3 cut thread, but the final answer is either $4.5M in savings or if they are designated as June 1st cuts : $10M in savings.

 

[LoyaltyisaCurse]

Holy crap they cut hood!!?? I think that is a mistake...

 

[AsUpRoDiGy]

Since we already have $1.5M in cap space already, if we do indeed save $10M from these cuts, then that would put us at $11.5 ,which would be a significant amount to resign Wilson, and maybe Boldin as well. If what you say is true, Why does it say on azcardinals.com that we saved 'approximately 6 million'?

 

[AntSports Steve]

azcardinals didn't do there homework, they just did a quick estimation. They don't realize how important this stuff is to us.

 

[AsUpRoDiGy]

So if i understand this correctly, the cardinals have the 'option' to designate these cuts on June 1st, or are they forced to take the 4.5M in cap space? If they do designate these cuts as june 1st, does that mean these players are still 'technically' on the team until that date, meaning James and others cant be signed on to another team until then? This is a bit odd if you ask me lol

 

[joeshmo]

Since we already have $1.5M in cap space already, if we do indeed save $10M from these cuts, then that would put us at $11.5 ,which would be a significant amount to resign Wilson, and maybe Boldin as well. If what you say is true, Why does it say on azcardinals.com that we saved 'approximately 6 million'?

I think they misreported the 6 mill. I think they meant to say they now have 6 mill in cap space total, not savings.

1.5 cap space from yesterday + 4.5 mill saved today = 6 mill.

 

[AsUpRoDiGy]

I think they misreported the 6 mill. I think they meant to say they now have 6 mill in cap space total, not savings.

1.5 cap space from yesterday + 4.5 mill saved today = 6 mill.

Thats pretty weak if we only saved 4.5M, Edge alone was around 3.5M? Seems like we would've been better off keeping them until June 1st when their cap would've been maximum savings, unless the Cards really wanted to resign Wilson ASAP.

 

[joeshmo]

Thats pretty weak if we only saved 4.5M, Edge alone was around 3.5M? Seems like we would've been better off keeping them until June 1st when their cap would've been maximum savings, unless the Cards really wanted to resign Wilson ASAP.

Edge saved 5 mill alone and the June 1st rule is not in effect this year because of the 2010 uncapped year.

 

[Bobcat]

Holy crap they cut hood!!?? I think that is a mistake...

No I like it I am a Disabled/Retired Architect, and Love it...!!! Can't you tell that I do like it...!!!


BOBCAT

 

[40yearfan]

No I like it I am a Disabled/Retired Architect, and Love it...!!! Can't you tell that I do like it...!!!


BOBCAT

Architect? No wonder you're always so cranky.

 

[AntSports Steve]

No June 1st rule this year? Kind of makes sense. Teams might go hog wild pushing cap hits into next year since its uncapped.

Edge did save $5M in cap space.

Laboy adds to the cap when he was cut instead of saving money. He still had $6M in bonuses that accellerated into this year, which is more than he was on the books for.


Note: Since the last redo of the CBA, teams could specify on a players CUT paperwork if they should be considered a "June 1st Cut" or not. They were still cut right away and could find work with other teams, but the cap hit method (before or after June 1st) could be determined by the team. I think it works better this way as teams do not have to keep unwanted players on their team just to wait for June 1st to roll around. This way players get a better chance to find new employment and start learning their new teams system. The poisen pill UNCAPPED year has all sorts of strange rules included and not allowing any cap money to be pushing into the uncapped year makes sense.

 

[Bobcat]

Architect? No wonder you're always so cranky.

No kidding Thank You...!!! Really great reply...!!!

Go Cardinals what Stadium Change Creates...!!!

BOBCAT

 

[40yearfan]

No kidding Thank You...!!! Really great reply...!!!

Go Cardinals what Stadium Change Creates...!!!

BOBCAT

YOU'RE WELCOME!!!!

Subcontractor.

 

[LoyaltyisaCurse]

No I like it I am a Disabled/Retired Architect, and Love it...!!! Can't you tell that I do like it...!!!


BOBCAT

is your name Art Vanderleigh?

 

[AntSports Steve]

From Santos Blog :

Laboy : a $5.75 million signing bonus and $750,000 in first-year salary. LaBoy also collected a $1.5 million roster bonus this offseason,

So to fix the math on his cap hit :

5.75 / 5 years = $1.15M per year is his prorated signing bonus.

His $1.5M roster bonus is confusing and it will mess up Joes Salary cap page.

It's confusing because it sounds like Laboy got his bonus this year probably at the start of free agency. If you were going to cut him because of injury, wouldn't you do it before paying his roster bonus? That would be a mistake by the Cards.

It messes up the salary cap page because Joes has included the $1.5M bonus as his prorated signing bonus when it's an additional roster bonus.

So looking at Laboy again :
Travis Laboy 2012 Salary $2,000,000, Bonus $1,500,000, Total Cap hit $3,500,000

It appears this years bonus should be 1.50 + 1.15 = 2.65 and he was counting 4.65 against the cap in Joes spreadsheet.

Then Cutting him costs 3 more years (2010,11,12) * 1.15 = 3.45 more against the cap.

Total Cap after cutting him : Current Cap hit (4.65) - Salary (2.00) + Remaining Signing bonus (3.45) = 6.1 for this year.

Since he was costing the Cards 4.65, cutting him cost $1.45.

So, cutting Laboy and Hood counting together gain the Cards $0.05M in cap space. Basicly Hood cancelled out Laboy. The Cards still get Edge's $5M back, so the Cards current cap space should be around (orginal $1.5M) + Edge savings ($5M) = $6.5M

 

[Stout]

From Santos Blog :

Laboy : a $5.75 million signing bonus and $750,000 in first-year salary. LaBoy also collected a $1.5 million roster bonus this offseason,

So to fix the math on his cap hit :

5.75 / 5 years = $1.15M per year is his prorated signing bonus.

His $1.5M roster bonus is confusing and it will mess up Joes Salary cap page.

It's confusing because it sounds like Laboy got his bonus this year probably at the start of free agency. If you were going to cut him because of injury, wouldn't you do it before paying his roster bonus? That would be a mistake by the Cards.



It messes up the salary cap page because Joes has included the $1.5M bonus as his prorated signing bonus when it's an additional roster bonus.

So looking at Laboy again :
Travis Laboy 2012 Salary $2,000,000, Bonus $1,500,000, Total Cap hit $3,500,000

It appears this years bonus should be 1.50 + 1.15 = 2.65 and he was counting 4.65 against the cap in Joes spreadsheet.

Then Cutting him costs 3 more years (2010,11,12) * 1.15 = 3.45 more against the cap.

Total Cap after cutting him : Current Cap hit (4.65) - Salary (2.00) + Remaining Signing bonus (3.45) = 6.1 for this year.

Since he was costing the Cards 4.65, cutting him cost $1.45.

So, cutting Laboy and Hood counting together gain the Cards $0.05M in cap space. Basicly Hood cancelled out Laboy. The Cards still get Edge's $5M back, so the Cards current cap space should be around (orginal $1.5M) + Edge savings ($5M) = $6.5M

Joe, can you confirm this? Especially the bit at the end?

 

[Totally_Red]

If you were going to cut him because of injury, wouldn't you do it before paying his roster bonus? That would be a mistake by the Cards.

Wasn't he hurt right after the Super Bowl? I'm not sure about the rule about cutting injured players but that may have played a part in the delay.

 

[joeshmo]

Joe, can you confirm this? Especially the bit at the end?

Confirmed

 

[joeshmo]

Wasn't he hurt right after the Super Bowl? I'm not sure about the rule about cutting injured players but that may have played a part in the delay.

Nope, It was just a mistake. Rule only applies once the new league year starts, doesnt apply once the season ends to the new league year date.

Its why teams give roster bonuses in future years rather then one big signing bonus, to make sure they can cut a player becuase of injury before he is do more of his gauranteed money.

 

[Stout]

Confirmed

Okay, so at least some sense can be made out of the sitauation. That's good, because I really didn't want it to be the old Bidwillian cheapness that drove the move. Whew! Now, I can still say I think they should have sought cap relief elsewhere, but at least they had a reason.

Gah, losing our CB depth and replacing it with rookies? Not good, just not good.

 

[cgolden]

Has anyone else seen this????? http://www.azcentral.com/members/Blog/KentSomers/52110

Hood told me this morning that he had earned a play-time incentive that would have boosted his salary by $2 million. That means he would have made $5 million in salary and his cap number would have been $5.5 million in 2009. That's too much to pay for a backup cornerback.
"When they brought me here, I think they thought I would be a nickel corner," Hood said. "When I hit that incentive, it was tough to keep me. I enjoyed my run in Arizona. I had a great run."
The cap savings from cutting Hood are greater than I realized yesterday, when I thought his base salary was $3 million. The extra $2 million in savings means the club saves about $7.5 million by cutting Hood, Edgerrin James and Travis LaBoy.
Before the moves, the team was about $1.2 million under the cap, so it should be about $8.7 million under now. (Unless there are more bonuses, escalators and the like that I don't know about it.)

 

[Stout]

Now THAT would make this all make a lot more sense.