Redskins 2011 Salary Cap Status
 

[B]**UPDATED (July 28, 2011)** Redskins 2011 Salary Cap Info[/B]

[U]Projected 2011 League Requirements[/U]
1. $120 million salary cap, give or take about 1/3 million
2. $3 million max cap credit for benefits to one player
3. $108 [URL="http://twitter.com/#!/SalaryCap101/status/92252478082523136"]cash expenditure requirement[/URL] (give or take $4 million)

Current Redskins salary cap info courtesy J.I. Halsell, [URL="http://realredskins.com/2011/07/redskins-have-26-million-in-cap-space-can-add-more/"]via Rich Tandler[/URL].

[U]Redskins 2011 Cash Requirement Situation[/U]
1. Cash Requirement ~ $108 million
2. Total payroll owed for 2011 (salary + existing amortized bonus money + deadcap) = $73 million
3. Potential player releases from $73 million payroll:[INDENT][B]Donovan McNabb, $11.1 million[/B] <-- confirmed
[B]Albert Haynesworth, $5.4 million[/B] <-- confirmed
[B]Ma'ake Kemoeatu, $3.8 million[/B] <-- confirmed
[B]Casey Rabach, $3.0 million[/B] <-- confirmed
Artis Hicks, $2.1 million
Mike Williams, $1.8 million
[B]Phillip Daniels, $1.0 million[/B]<-- confirmed
Mike Sellers, $0.55 million
[B]Chad Simpson, $0.25 million[/B] <-confirmed, moving vet min to rook min
[B]Jeremy Jarmon, $0.16 million[/B] <-confirmed, moving vet min to rook min[/INDENT]
4. Realistic payroll "minimum" before free agency on Fri. Jul, 29: $47.90 million
5. Redskins Free Agent signings:[INDENT]Barry Cofield, 2011 Cash Outlay = $15.5 million
Stephen Bowen, 2011 Cash Outlay = $14 million
Josh Wilson, 2011 Cash Outlay = $7.5 million
Santana Moss, 2011 Cash Outlay = $6 million
Jabar Gaffney, 2011 Cash Outlay = $2.4 million
Donte Stallworth, 2011 Cash Outlay = $1 million
Kellen Clemens, 2011 Cash Outlay = $0.8 million

[B]Total = $47.2 million[/B][/INDENT]5. Plus estimated year one rookie salary outlay: $13.25 million
6. [B]Snyderbucks to spend to reach NFLPA minimum[/B]("unlikely to be retained" players + unsigned draft picks + all free agents) = [B][COLOR="Red"]-$12.55 million[/COLOR][/B]

The Redskins have exceeded $120 million cash spent in 2011.

[U]2011 Salary Cap Situation[/U]
1. Salary Cap plus Benefits exemption = $123 million
2. Redskins Cap Number, July 2011 = $93.3 million
[B]3. Salary Cap space, July 2011 + exemption = $29.7 million[/B]
4. Potential player releases from $93.3 million cap number (plus 375k UDFA val):[INDENT][B]Donovan McNabb, $4.75 million [net saved][/B]-375k r51 <-- confirmed
[B]Albert Haynesworth, $3.4 million [net saved][/B]-375k 51 <-- confirmed
[B]Ma'ake Kemoeatu, $2.5 million [net saved][/B]-375k r51 <-- confirmed
[B]Casey Rabach, $1.6 million [net saved][/B]-375k r51 <-- confirmed
[B]Phillip Daniels, $1.0 million [net saved][/B]-375k r51 <-- confirmed
Mike Sellers, $0.55 million [net saved]
[B]Chad Simpson, $0.25 million [net saved][/B] <-confirmed, moving vet min to rook min
[B]Jeremy Jarmon, $0.16 million[/B] <-confirmed, moving vet min to rook min
[B]Sam Paulescu, $0.16 million[/B] <-confirmed, moving vet min to rook min
[B]Andre Brown, $0.16 million[/B] <-confirmed, moving vet min to rook min
Artis Hicks, $0.15 million [net saved]
Mike Williams, $0.26 million [net loss]
Total = $12.1 million *UPDATED FIGURE*[/INDENT]
4. Redskins Free Agent signings, less UDFA rookie minimum (375k per):[INDENT]Barry Cofield, 2011 Cap Number = $5.5 million-375k = $5.1 million
Stephen Bowen, 2011 Cap Number = $4.0 million-375k = $3.6 million
Josh Wilson, 2011 Cap Number = $3.5 million-375k = $3.1 million
Santana Moss, 2011 Cap Number = $3.2 million-375k = $2.9 million
Jabar Gaffney, 2011 Cap Number = $2.4 million-375k = $2.0 million
Donte Stallworth, 2011 Cap Number = $1 million
Kellen Clemens, 2011 Cap Number = $0.8 million

Total as of July 28 = $18.5 million[/INDENT]
5. [B]Salary Cap space, July 28, 2011 [/B]=[B]$23.3 million[/B]
6. UPDATED [URL="http://www.macsfootballblog.com/2011/07/2011-year-one-rookie-allocation-numbers.html"]value of rookie pool[/URL] = $5.925 to $6.675 million
7. Total range for max FA cap room (and to satisfy cash expenditure requirement = [B]$16.7 million[/B]

This is an updated figure which subtracts allocated rookies. In the process of adding in the contracts the Redskins have made over last few days!

[B]At conclusion of 2011 league year:[/B]

-14 contracts expire, headlined by Fletcher and Kemoeatu
- Value of 14 "futures" contracts at $.38 MM per: $5.3 million
- Total cap value of expired contracts is $22 million, lead by 7.1 from Fletcher
- Plus rough 30% increase on remaining $28 million team salary = $8.4 mil in contract raises

[B]-Net estimate cap relief from books after 2011 season[/B] (assumes no FA activity, signing of draft picks): [B]$8.3 million[/B]

Re: Redskins 2011 Salary Cap Status
 

Assuming just a McNabb trade prior to the beginning of free agency:

The Redskins will have a little over $27 million in cap room. That's a lot. But they'll need to write $51 million in checks in addition to the existing payroll. I would imagine that you could assume that about 70% of that will come by way of bonus money, and the rest will come by adding salaries.

I am just trying to give perspective on the type of deal the NFL, NFLPA will agree to. Despite having less than $30 million in cap room to spend for 2011, the Redskins will have to give away more than $36 money in signing bonuses alone to comply with the leagues requirements.

That's not hard though. Nnamdi alone should get ~$36 million to sign, depending on the length of the deal. And his 2011 cap number will probably only be in the $7-9 million range.

Re: Redskins 2011 Salary Cap Status
 

thanks Tripp

Re: Redskins 2011 Salary Cap Status
 

After studying the cap situation for the last 24 hours, I think the Redskins should sign one "elite" free agent, defined as someone pursued by 20 or more teams. I am not sure if that someone should be Nnamdi. If the Redskins do not change their coverage scheme from last year, Asomugha and Hall will look incredibly pedestrian at the corners against other NFC East offenses. Play something aggressive on the outside, and that could be the best duo in the league. Against cover three, we're still at the mercy of the pressure that we can get on quarterbacks.

I think the elite free agents that could appeal to the Redskins include Sidney Rice, Asomugha, Santonio Holmes, Marshal Yanda, Doug Free, and Cullen Jenkins. Of the group, Jenkins seems most likely to end up here on a London Fletcher type deal (17 mil SB, 5 years, 34 mil total contract value, roughly a 20% appreciation on the 2007 Fletch contract). But that would only eat up just over four and a half million in 2011 cap space.

I would spread around the rest of the money to make sure every position coach on the staff got a guy who they felt could make their job easier in 2011.

QB Rex Grossman
RB Jerious Norwood
FB Lawrence Vickers (assuming the Texans re-up Vonta Leach)
WR stand pat
TE stand pat
OL Mario Henderson, Jammal Brown
DL Cullen Jenkins, Alan Branch
LB Matt Roth
CB Ike Taylor, Phillip Buchanon
S George Wilson

Re: Redskins 2011 Salary Cap Status
 

gtripp, someone said earlier on this site that there is no cap implications for dead money? Do you have information that differs?

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811312]gtripp, someone said earlier on this site that there is no cap implications for dead money? Do you have information that differs?[/quote]

Skinster, I'm with you on dead cap money. If there is a new agreement in place, the whole league is starting from scratch. Looks to me like you would have current contracts and then new contracts and everything starts from now. Its year "zero" again.

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811312]gtripp, someone said earlier on this site that there is no cap implications for dead money? Do you have information that differs?[/quote]Uh, yes. We're going to have to wait for the league to decide exactly what type of dead-cap relief will be given, but the NFL's accounting methods for the salary cap would simply not result in a "starting fresh". That would imply they just wiped the books during the uncapped year. But they didn't wipe the books. There was just no cap.

Now, if for whatever reason the concept of "deadcap" goes away over the course of the new CBA, that would be one thing. But that would require guaranteed contracts first, and that's a different can of worms entirely.

Re: Redskins 2011 Salary Cap Status
 

[quote=scowan;811332]Skinster, I'm with you on dead cap money. If there is a new agreement in place, the whole league is starting from scratch. Looks to me like you would have current contracts and then new contracts and everything starts from now. Its year "zero" again.[/quote]Link?

Re: Redskins 2011 Salary Cap Status
 

[quote=GTripp0012;811342]Link?[/quote]

I have seen no link, the only place I saw that statement made was on this site. But the sentiment does make sense. The cap was lowered by 8 million dollars after league revenue went up, that doesn't make much sense. I thought that the main issue was that the players increase in money was rising too fast, not that they were currently making too much of the share.
Also, and more importantly, we know that the salary floor (possibly cap too, I'm not positive about that...but if it were the cap too, then I'd completely believe that there is no dead money penalties without a link) relates to only real dollars spent on team salary that year. Owners know that they are going to cut a certain amount of players every year and have a certain amount of dead cap every year, I don't think the salary floor (in salary dollars spent that year) would be agreed to be that close to the cap considering that owners know they are likely to have dead money, and it would significantly handicap who can be cut. (for example, if someone this year has 12.01 million guaranteed on their contract, they could not be cut by the team because the team would automatically be over the cap). I believe that the 120 million cap does not include dead money. I'm not saying that there are no penalties for cutting players, I'm saying that if there are penalties, there are other rules in the new cba that have not been disclosed yet (like a second cap on how much dead money a team can have per year).

We would already be over the cap already this year if dead money applied to the new cap considering we need to spend 108 million on salary this year, the cap is 120 million, and we have already cut carter and portis who had 10 mil a piece left on their signing bonus (and we're looking to cut many more players).

Re: Redskins 2011 Salary Cap Status
 

I think people are misunderstanding. There is still deadcap. Where people are getting the notion of no deadcap is from the concept of the cash/salary floor amounting to 90% of the cap max, it forces a team to carry no more than 10% of it's cap as deadcap space.

Let's oversimplify the world and think about the math just to illustrate a point. If your cap max is $120 million, but you also have to spend a minimum of $108 million in cash, then the oversimplified conclusion is you can carry no more than $12 million in deadcap.

But that's not the way it works of course. You could sign a player like Asomugha for a $40 million signing bonus for 5 years. All $40 million of that bonus would count towards meeting your $108 million cash floor. However it would only count $8 million towards this year's cap ($40 million divided by 5 years).

The concept that there would be no deadcap money makes no sense. Whoever dreamed that up definitely misheard or misunderstood something. Dollars can't just disappear from the books, if you paid the money, you have to take the hit on your cap.

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811354]I think people are misunderstanding. There is still deadcap. Where people are getting the notion of no deadcap is from the concept of the cash/salary floor amounting to 90% of the cap max, it forces a team to carry no more than 10% of it's cap as deadcap space.

Let's oversimplify the world and think about the math just to illustrate a point. If your cap max is $120 million, but you also have to spend a minimum of $108 million in cash, then the oversimplified conclusion is you can carry no more than $12 million in deadcap.

But that's not the way it works of course. You could sign a player like Asomugha for a $40 million signing bonus for 5 years. All $40 million of that bonus would count towards meeting your $108 million cash floor. However it would only count $8 million towards this year's cap ($40 million divided by 5 years).

The concept that there would be no deadcap money makes no sense. Whoever dreamed that up definitely misheard or misunderstood something. Dollars can't just disappear from the books, if you paid the money, you have to take the hit on your cap.[/quote]What Schneed said.

The cash floor is only going to change the behavior of the non spenders...you know the team that has $75 million in salary and just signs rookies and UDFAs and builds through youth. That's been a pretty successful model, actually, but the new rules just ensure that they will have to pick at least one or two players a year and give out a hefty signing bonus so the owners aren't pocketing the money for use on say, the Manchester United football club. Not to name names or anything.

Re: Redskins 2011 Salary Cap Status
 

[quote=GTripp0012;811355]What Schneed said.

The cash floor is only going to change the behavior of the non spenders...you know the team that has $75 million in salary and just signs rookies and UDFAs and builds through youth. That's been a pretty successful model, actually, but the new rules just ensure that they will have to pick at least one or two players a year and give out a hefty signing bonus so the owners aren't pocketing the money for use on say, the Manchester United football club. Not to name names or anything.[/quote]

I feel like an itiot trying to follow how this works. So basically they have tons of money to sign players they just have to watch how the contracts are structured to make sure that they wont be creating very much more dead cap space if any of the players get cut?

They dont have very much leeway there, I guess thats what John Clayton was getting at?

Re: Redskins 2011 Salary Cap Status
 

[quote=sdskinsfan2001;811408]I feel like an itiot trying to follow how this works. So basically they have tons of money to sign players they just have to watch how the contracts are structured to make sure that they wont be creating very much more dead cap space if any of the players get cut?

They dont have very much leeway there, I guess thats what John Clayton was getting at?[/quote]

Yeah you've basically got the gist. Eventually the cash floor is going to move even closer to the max cap. Over time that will make it difficult to cut players and remain under the cap while simultaneously meeting the cash floor.

But in certain years it may be easier than others. If you cut a big contract and take a big dead cap hit, you could still sign another giant free agent to a big signing bonus in order to meet the cash minimum.

But if you keep signing and cutting, signing and cutting like the Redskins have been doing, you'll eventually find it challenging to meet both the cap and cash floor simultaneously. Not that we have to worry about Vinny Cerrato's ways returning, but we'll have no choice but to be selective in the selection of our new stars, because cutting them to get away from the contracts won't be quite as easy.

This will be an odd year for us under this new system. We will be mandated to spend by the new rules, so we'll be very aggressive in free agency. But we better get these signings right, because once the cash floor moves closer to 99% of cap, it will be harder to rid ourselves of these guys we're about to sign.

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811416] This will be an odd year for us under this new system. We will be mandated to spend by the new rules, so we'll be very aggressive in free agency. But we better get these signings right, because once the cash floor moves closer to 99% of cap, it will be harder to rid ourselves of these guys we're about to sign.[/quote]

The thought of our team trying to get it right on free agency is a scary thought given our history. Is it even possible for us to cut Fatassworth and McNabb if we wanted to? Seems like that would push us way over the dead cap limit we can have?

Re: Redskins 2011 Salary Cap Status
 

[quote=sdskinsfan2001;811425]The thought of our team trying to get it right on free agency is a scary thought given our history. Is it even possible for us to cut Fatassworth and McNabb if we wanted to? Seems like that would push us way over the dead cap limit we can have?[/quote]

Yes it's quite possible to cut them, mostly because their contracts are structured such that not much of the bonus money paid to them has yet to be allocated. In short, cutting them wouldn't hurt from a deadcap perspective.

But to be clear, there is no dead cap limit. At least none that has been mentioned in anything I've seen. If you're far below the cap and far below the cash floor as we currently are today, then you can afford to cut players and take the deadcap hit, and you can also afford to lay out cash to sign other studs.

For the Redskins it's a pivotal time. You won't see too many years where this situation exists, once we bring in a number of free agents we'll find ourselves closer to the cap in future years. Sure, we'll still be able to maneuver for a free agent here and there, but the spree we're bound to see this year probably will not be matched for some time. This free agency period is our opportunity to get the right guys in here now and reshape the roster.

Re: Redskins 2011 Salary Cap Status
 

Heres what I dont understand. It seems that no team can have more than 12 million dollars in dead cap this year. That just doesnt seem to make sense on so many levels.
For starters, the redskins seem to already have more than 12 million dollars in dead cap this year due to portis and carter being cut. It also seems that we want to get rid of significantly more players.
Also it doesnt make sense from the owners perspective to agree to. Players with signing bonuses large enough will be impossible to cut untill a certain year in their contract. I don't think the owners would agree to not being able to cut any of their larger contract players that don't pan out.
I'm not saying there is no dead cap, I'm just saying I think having a 12 million dollar dead cap doesn't seem to make sense on so many levels and I think there is more information out there that has not been presented to us (if dead cap still exists).

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811442]Heres what I dont understand. It seems that no team can have more than 12 million dollars in dead cap this year. That just doesnt seem to make sense on so many levels.
For starters, the redskins seem to already have more than 12 million dollars in dead cap this year due to portis and carter being cut. It also seems that we want to get rid of significantly more players.
Also it doesnt make sense from the owners perspective to agree to. Players with signing bonuses large enough will be impossible to cut untill a certain year in their contract. I don't think the owners would agree to not being able to cut any of their larger contract players that don't pan out.
I'm not saying there is no dead cap, I'm just saying I think having a 12 million dollar dead cap doesn't seem to make sense on so many levels and I think there is more information out there that has not been presented to us (if dead cap still exists).[/quote]

Teams can have more than $12 million in dead cap.

I see where you got the $12 million, but it's a faulty assumption. Cash Paid + Dead Cap does not equal salary cap.

Salary Cap = Base Salary + Roster Bonus + Workout Bonus + Dead Cap + Likely To Be Earned Incentives + Allocated Portions of Guaranteed Bonuses Paid to Players Still On Roster

Re: Redskins 2011 Salary Cap Status
 

Found this little nugget which basically means the real salary cap is $123 million, once you account for this little "exemption". From John Clayton:

[QUOTE]The salary cap is going to be at $120 million with a $3 million exemption. Here is how the exemption works: A team such as the Cowboys, who are $18 million over the cap, can designate one player this season and discount $3 million of his salary from the salary cap.

In 2012, teams will have three exemptions worth $1.5 million on three players.

In the meantime, teams are scrambling to find what the new rules are for the 2011 cap. It should be fun. [/QUOTE]

[url=http://espn.go.com/nfl/story/_/id/6775674/nfl-salary-cap-scramble-interesting]NFL -- Salary cap scramble will be interesting - ESPN[/url]

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811444]Teams can have more than $12 million in dead cap.

I see where you got the $12 million, but it's a faulty assumption. Cash Paid + Dead Cap does not equal salary cap.

Salary Cap = Base Salary + Roster Bonus + Workout Bonus + Dead Cap + Likely To Be Earned Incentives + Allocated Portions of Guaranteed Bonuses Paid to Players Still On Roster[/quote]

I wasn't talking about the cap, I was talking about the floor being so close to the cap. I thought I read somewhere that the floor was to be salary paid out to active players on the roster that year, but after doing some more research I couldnt find that anywhere. Must have confused an article I read.

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811515]I wasn't talking about the cap, I was talking about the floor being so close to the cap. I thought I read somewhere that the floor was to be salary paid out to active players on the roster that year, but after doing some more research I couldnt find that anywhere. Must have confused an article I read.[/quote]

There is a floor, it will be salaries + cash bonuses (signing or otherwise).

But just because the floor is close to the cap doesn't mean deadcap is limited to the difference. Signing bonuses don't all hit the cap in the current year, they are allocated to future seasons.

It's entirely possible to pay out $140 million in cash in a given year, and at the same tiem have a cap number less than $120 million.

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811545]There is a floor, it will be salaries + cash bonuses (signing or otherwise).

But just because the floor is close to the cap doesn't mean deadcap is limited to the difference. Signing bonuses don't all hit the cap in the current year, they are allocated to future seasons.

It's entirely possible to pay out $140 million in cash in a given year, and at the same tiem have a cap number less than $120 million.[/quote]

Ok, thats what was confusing me. I thought that if we got above 12 million in dead cap we wouldnt be able reach the cap floor. Thats the way that it seemed to read to me when I was looking at different articles.

But im assuming owners want to be between the cap floor and max cap every season and not being paying the max plus extra millions in dead cap salaries.

Re: Redskins 2011 Salary Cap Status
 

[quote=sdskinsfan2001;811552]Ok, thats what was confusing me. I thought that if we got above 12 million in dead cap we wouldnt be able reach the cap floor. Thats the way that it seemed to read to me when I was looking at different articles.

[B]But im assuming owners want to be between the cap floor and max cap every season and not being paying the max plus extra millions in dead cap salaries.[/B][/quote]

True. That would be the most effective use of your funds. Of course to make it happen your players have to meet up to the standards called for by their contracts.

Re: Redskins 2011 Salary Cap Status
 

Some good info here from Andrew Brandt on the cap, starts at around the 3:10 mark. One thing I think we've only mentioned here once, if at all, that's often forgotten is the cash minimum must be met by the end of the year not before.

[url=http://espn.go.com/espnradio/play?id=6784313]Andrew Brandt, NFL - ESPN[/url]

Re: Redskins 2011 Salary Cap Status
 

Per John Clayton today:

Washington $10.6 million under

Im gonna stop trying to figure out the salary cap because it just doesnt make sense. Our payroll is only 75 million or so and we need to spend at least 108 million but yet we are only 10.6 under in cap room. No sense what so ever.

If its dead cap why doesnt he just say that? Clayton doesnt write like thats what he is talking about.

Re: Redskins 2011 Salary Cap Status
 

Best to just leave the cap stuff to the experts.

Re: Redskins 2011 Salary Cap Status
 

[quote=sdskinsfan2001;811719]Per John Clayton today:

Washington $10.6 million under

Im gonna stop trying to figure out the salary cap because it just doesnt make sense. Our payroll is only 75 million or so and we need to spend at least 108 million but yet we are only 10.6 under in cap room. No sense what so ever.

If its dead cap why doesnt he just say that? Clayton doesnt write like thats what he is talking about.[/quote]His numbers and my numbers (Halsell's numbers) don't agree, but that's likely because of the way that the McNabb deal is being included in the accounting values. The fact that it's pretty much a done deal that he won't be here in Week 1 makes the $20 million under cap figure the most accurate to date.

Either way, the deadcap is a substantial portion of our finances this year, and a big reason that we'll almost certainly be near the cap in 2011 despite spending a ton of money, and then we'll probably have a lot more money to spend in 2012.

Re: Redskins 2011 Salary Cap Status
 

Tripp, do you have a link to your source showing that we're at a cap number of $93 million now?

EDIT: Nevermind I see it now.

The link to Tandler, (who is apparently quoting Halsell), indicates that the Redskins current cap number is currently $93 million INCLUSIVE of Haynesworth and McNabb. That means Tandler/Halsell think we have $27 million in space even before jettisoning Haynesworth and McNabb.

Clayton however thinks we are $10 million under, and he surely isn't considering Haynesworth and McNabb gone at this point, so it's not those two bums that explain the big difference.

The only thing I can think of is Clayton is working from Haynesworth's unadjusted contract. But somehow somebody is very wrong, either Tandler/Halsell or Clayton are way off on their numbers.

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811545]There is a floor, it will be salaries + cash bonuses (signing or otherwise).

But just because the floor is close to the cap doesn't mean deadcap is limited to the difference. Signing bonuses don't all hit the cap in the current year, they are allocated to future seasons.

It's entirely possible to pay out $140 million in cash in a given year, and at the same tiem have a cap number less than $120 million.[/quote]

Ok, so I'd like some things clarified. When you say cash bonuses apply to the salary floor, does that include the cash bonuses left of players cut that get paid out? I think examples might help clarify. Like how will Andre Carter, Clinton Portis, Donovan Mcnabb, Albert Haynesworth being cut affect the salary floor and the salary cap respectively.

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811738]
The only thing I can think of is Clayton is working from Haynesworth's unadjusted contract. But somehow somebody is very wrong, either Tandler/Halsell or Clayton are way off on their numbers.[/quote]


Yeah thats what I kept saying to myself because I read a couple Clayton articles and they do not match up at all with the Redskins.com links I have been reading.

We have A LOT of money to sign people. The fans deserve one good free agency period. I don't care about quantity of players I just want quality. Whether its 2 superstars or 8 role players I just hope that our off season is effective. We should be able to patch quite a few holes.

Re: Redskins 2011 Salary Cap Status
 

I really don't care how much we have or spend, just so long as what we DO spend - we spend on quality guys who will be more than a two year band-aid.

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811738]Tripp, do you have a link to your source showing that we're at a cap number of $93 million now?

EDIT: Nevermind I see it now.

The link to Tandler, (who is apparently quoting Halsell), indicates that the Redskins current cap number is currently $93 million INCLUSIVE of Haynesworth and McNabb. That means Tandler/Halsell think we have $27 million in space even before jettisoning Haynesworth and McNabb.

Clayton however thinks we are $10 million under, and he surely isn't considering Haynesworth and McNabb gone at this point, so it's not those two bums that explain the big difference.

The only thing I can think of is Clayton is working from Haynesworth's unadjusted contract. But somehow somebody is very wrong, either Tandler/Halsell or Clayton are way off on their numbers.[/quote]I wouldn't be surprised if the Halsell estimate is missing a lot of Santana Moss' deadcap total, which is a really significant total based on the Canuck spreadsheet. Same with Portis: we actually gain cap space by cutting Portis, but that's still a lot of deadcap involved. And there's the Atogwe deal as well that's on the LAST CBA, but may or may not be included in the various results.

Still, if you take the Clayton numbers and subtract McNabb's contract, the Redskins have more cap room then they'll actually need this year. The big idea is that, pending any bad FA contracts they may give out, the deadcap comes off the books for 2012, and there's a lot of cap space available to use on good players. Even DHall isn't going to be a cap liability when he's released.

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811749]Ok, so I'd like some things clarified. When you say cash bonuses apply to the salary floor, does that include the cash bonuses left of players cut that get paid out? I think examples might help clarify. Like how will Andre Carter, Clinton Portis, Donovan Mcnabb, Albert Haynesworth being cut affect the salary floor and the salary cap respectively.[/quote]The bonus has to be paid to count. It can be scheduled, but if it's not guaranteed, and it isn't paid, it's not going to count towards the cash minimum.

Carter and Portis (I believe) will count as zero towards the cash min. But they'll combine for more than $10 million in deadcap in 2011.

McNabb and Haynesworth might end up counting a bit if they get paid for workout bonuses.

The best way to think of it is this: "checks written to players in the 2011 league year will equal no less than 108ish million." But I suppose the kicker is that if the team fails to hold a payroll for 108 million, then Snyder just has to cut a check for the difference. So the INCENTIVE to not spend cash goes away. But the system isn't fundamentally changed.

Hard to see this affecting the Redskins at all, but it will affect how other teams do business.

Re: Redskins 2011 Salary Cap Status
 

[quote=GTripp0012;811761]The bonus has to be paid to count. It can be scheduled, but if it's not guaranteed, and it isn't paid, it's not going to count towards the cash minimum.

Carter and Portis (I believe) will count as zero towards the cash min. But they'll combine for more than $10 million in deadcap in 2011.

McNabb and Haynesworth might end up counting a bit if they get paid for workout bonuses.

The best way to think of it is this: "checks written to players in the 2011 league year will equal no less than 108ish million." But I suppose the kicker is that if the team fails to hold a payroll for 108 million, then Snyder just has to cut a check for the difference. So the INCENTIVE to not spend cash goes away. But the system isn't fundamentally changed.

Hard to see this affecting the Redskins at all, but it will affect how other teams do business.[/quote]
Just curious where you get you numbers from. I'm not doubting you, but portis's release fee on the warpath salary cap info is 5.5 mil and carters is 10.5. Even their 2012 release fees are still above 10 mil combined.

It seems weird that the cap went down so much this year with contracts going up year after year. I think contracts will still go up due to reports I've heard (i.e asomuaghs possible contract) and the obvious agents demands stemming, but it seems that many owners that want to spend wont be able to, and many owners that don't want to spend will be forced to or just give up their money. Also speaking of which, where does that money go to if a team doesn't meet the salary floor and has to cut a check to make up the difference.

It just seems weird the way this agreement was come to. I don't see it benefitting the owners too much. The ones that want to spend cant and the ones that dont want to have to.

Also, this isn't really that important, but it seems to me that the redskins will not meet the floor due to the amount of dead cap we will have, and have to pay the difference.

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811764]Just curious where you get you numbers from. I'm not doubting you, but portis's release fee on the warpath salary cap info is 5.5 mil and carters is 10.5. Even their 2012 release fees are still above 10 mil combined.

It seems weird that the cap went down so much this year with contracts going up year after year. I think contracts will still go up due to reports I've heard (i.e asomuaghs possible contract) and the obvious agents demands stemming, but it seems that many owners that want to spend wont be able to, and many owners that don't want to spend will be forced to or just give up their money. Also speaking of which, where does that money go to if a team doesn't meet the salary floor and has to cut a check to make up the difference.

It just seems weird the way this agreement was come to. I don't see it benefitting the owners too much. The ones that want to spend cant and the ones that dont want to have to.

Also, this isn't really that important, but it seems to me that the redskins will not meet the floor due to the amount of dead cap we will have, and have to pay the difference.[/quote]Release fees are a one time thing. Releasing a player creates a deadcap obligation, but it's a one time obligation. Once its paid, then he's off the books.

The ones who want to spend can always spend. Just need to find the right exemption that allows for it.

Re: Redskins 2011 Salary Cap Status
 

Per ji halsell, individual teams have no cash minimum. The league has a cash minimum. If the minimum is not met, the cheap teams will be penalized.

Re: Redskins 2011 Salary Cap Status
 

[quote=GTripp0012;811765]Release fees are a one time thing. Releasing a player creates a deadcap obligation, but it's a one time obligation. Once its paid, then he's off the books.

The ones who want to spend can always spend. Just need to find the right exemption that allows for it.[/quote]

It might be a one time obligation, but with teams that like to spend alot, it causes a chain reaction that affects the future. Like with us in the past, our release fees forced us to push money from the present year into the future, which increased future cap numbers as well as future release fees. Present mass-spending prevents future spending, and causes some players to be necessities to hold on to even if they are desired to be released.

I don't anticipate large contracts to be lowered at all, so lowering the cap and raising the floor just seems to hurt more teams than it helps because of the reasons I said in my last post. It just seems odd for the the owners to agree to.

I'd still like to know how you got your numbers, how they differ from the warpath's numbers, so I can better understand the cap. Also I'd like to know if you know where the check that the owner pays for going under the cap goes to.

Re: Redskins 2011 Salary Cap Status
 

[quote=skinster;811764]Just curious where you get you numbers from. I'm not doubting you, but portis's release fee on the warpath salary cap info is 5.5 mil and carters is 10.5. Even their 2012 release fees are still above 10 mil combined.

It seems weird that the cap went down so much this year with contracts going up year after year. I think contracts will still go up due to reports I've heard (i.e asomuaghs possible contract) and the obvious agents demands stemming, but it seems that many owners that want to spend wont be able to, and many owners that don't want to spend will be forced to or just give up their money. Also speaking of which, where does that money go to if a team doesn't meet the salary floor and has to cut a check to make up the difference.

It just seems weird the way this agreement was come to. I don't see it benefitting the owners too much. The ones that want to spend cant and the ones that dont want to have to.

[B]Also, this isn't really that important, but it seems to me that the redskins will not meet the floor due to the amount of dead cap we will have, and have to pay the difference[/B].[/quote]

You're still struggling to understand. Let me break it down for you:

- Base salary or roster bonuses paid in 2011 count against 2011's cap and 2011's cash total.

- Signing Bonuses paid in 2011 count 100% against 2011's cash total, but 1/n to 2011's cap, where n is the length in years of the contract signed.

- Deadcap is a cap thing only. If we cut McNabb then his release fee for the year hits our 2011 cap. But there is no cash paid to McNabb, hence no money hits the 2011 cash total.

Deadcap is simply the recognition of guaranteed money previously paid out but not yet allocated to the books. As an example:

In 2009, the Redskins sign Schneed10 to be the QB savior of the future. Schneed gets a $20 M signing bonus over the course of a 5 year contract. The $20 M counts against 2009's cash total. But for cap purposes it counts evenly each year over the life of the contract:

2009: $4 M
2010: $4 M
2011: $4 M
2012: $4 M
2013: $4 M
Total: $20 M

Now let's say Schneed plays 2 years and then one day blocks Coach Shanahan as he's trying to speed in the left lane, and Coach Shanahan decides he's had enough and cuts Schneed after those two seasons.

Since Schneed played in 2009 and 2010, $8 M of his signing bonus has already hit the salary cap, $4 M in each year respectively. But now Schneed will no longer be a Redskin, and the remainder of his signing bonus has yet to be recognized on the cap.

Here's the basic rule: Any money actually paid to a player must be recognized on the cap SOMETIME. Since Schneed is not playing with the Skins in 2011, 2012, and 2013, the $4 M in each year has to be recognized on the cap books in 2011. That's the deadcap.

So in 2011 the Redskins would have to carry $12 M in deadcap. Note that Schneed does not get paid $12 M by the 'Skins that year, it's simply the accounting recognition of dollars previously paid.

Ultimately, the Redskins are perfectly capable of staying under the cap, carrying a lot of deadcap, and still meeting the cash floor. How? Sign a number of players to long term deals with high signing bonuses. That big signing bonus hits the 2011 cash total helping to meet the floor, but the cap hit in 2011 is small as the signing bonus spreads over the life of the contract.

Hope that helps.

Re: Redskins 2011 Salary Cap Status
 

[quote=BigHairedAristocrat;811769]Per ji halsell, individual teams have no cash minimum. The league has a cash minimum. If the minimum is not met, the cheap teams will be penalized.[/quote]

He tweeted that much earlier on in the negotiating process but has not since mentioned anything. More updated information has come out from Paolantonio, Schefter and Mortensen indicating it's a team by team floor.

I think the league-wide idea was a fleeting thought that didn't hold up over the course of negotiations.

Re: Redskins 2011 Salary Cap Status
 

Nice breakdown S10

Re: Redskins 2011 Salary Cap Status
 

[quote=Schneed10;811772]Ultimately, the Redskins are perfectly capable of staying under the cap, carrying a lot of deadcap, and still meeting the cash floor. How? Sign a number of players to long term deals with high signing bonuses. That big signing bonus hits the 2011 cash total helping to meet the floor, but the cap hit in 2011 is small as the signing bonus spreads over the life of the contract.

Hope that helps.[/quote]

Yes that does help. That makes it a lot easier to understand. Sounds like a dangerous thing though because if those signings don't work then their deadcap space will just replace the deadcap space the Skins got rid of. I hope we can hit right on our signings. For the sake of this season and future seasons. Not a good situation to having to keep signing guys to high signing bonuses and dealing with deadcap all the time.