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Cap Update
Here's how the numbers breakdown for the Skins' recent moves (since the last cap sheet update 2/7). The info out there is sketchy so these are my best estimates. Also this doesn't include Barrow or Patten. The post is a little long, so if you just want the summary scroll to the bottom.
(All figures in 000s) [B]CAP SAVINGS[/B] Samuels - 7 years, $46.5M, $15.75M SB, $3M RB Year...Salary...Bonus...Old Bonus...Cap Hit 2005...$800.....$3150...$2932.......$6882 2006...$1000....$4150...$2932.......$8082 2007...$2450....$5150...$0..........$7600 2008...$4500....$3150...$0..........$7650 2009...$5000....$3150...$0..........$8150 2010...$6500....$0......$0..........$6500 2011...$7500....$0......$0..........$7500 Total..$27750...$18750..$5864.......$52364 Old 2005 cap number - $9643 New 2005 cap number - $6882 2005 cap savings: $2761 Haley - released Old 2005 cap number - $1163 New 2005 cap number - $0 2005 deadcap - $325 2005 cap savings: $838 Parker - released Old 2005 cap number - $455 New 2005 cap number - $0 2005 deadcap - $0 2005 cap savings: $455 Restructures Ramsey - $500 Jansen - $1000 Thomas - $1600 Wynn - $1900 2005 cap savings: $5000 [B]TOTAL 2005 CAP SAVINGS: $9054[/B] [B][COLOR=DarkRed]CAP SPENDING[/COLOR][/B] Harris - $1M escalator triggered 2005 cap increase: $1000 Rabach - 5 years, $13.75M, $2.5M SB, $2M RB (guaranteed), 5th year voidable. Year...Salary...Bonus...Cap Hit 2005...$535.....$900....$1435 2006...$535.....$900....$1435 2007...$1680....$900....$2600 2008...$2500....$900....$3400 2009...$4000....$900....$4900 Total..$9250....$4500...$13750 2005 cap hit: $1435 Marshall - 3 years, $2M, $368K SB Year...Salary...Bonus...Cap Hit 2005...$455.....$122....$577 2006...$577.....$123....$700 2007...$600.....$123....$723 Total..$1632....$368....$2000 2005 cap hit: $577 Simon - 1 year, $380K Year...Salary...Bonus...Cap Hit 2005...$380.....$0......$380 Total..$380.....$0......$380 2005 cap hit: $380 Smith - 2 years, $690K Year...Salary...Bonus...Cap Hit 2005...$305.....$0......$305 2006...$385.....$0......$385 Total..$690.....$0......$690 2005 cap hit: $305 Cartwright - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Evans - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Hasselbeck - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Lott - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Warner - 1 year, $656K tender Year...Salary...Bonus...Cap Hit 2005...$656.....$0......$656 Total..$656.....$0......$656 2005 cap hit: $656 Clemons - 1 year, $380K tender Year...Salary...Bonus...Cap Hit 2005...$380.....$0......$380 Total..$380.....$0......$380 2005 cap hit: $380 Chandler - 1 year, $380K tender Year...Salary...Bonus...Cap Hit 2005...$380.....$0......$380 Total..$380.....$0......$380 2005 cap hit: $380 Salave'a - 1 year, $760K, vet min exemption Year...Salary...Bonus...Cap Hit 2005...$760.....$-305...$455 Total..$760.....$-305...$455 2005 cap hit: $455 Albright - 1 year, $760K, vet min exemption Year...Salary...Bonus...Cap Hit 2005...$760.....$-305...$455 Total..$760.....$-305...$455 2005 cap hit: $455 [B][COLOR=DarkRed]TOTAL CAP SPENDING: $8647[/COLOR][/B] [B]SUMMARY[/B] 2005 Cap Savings: $9054 Less 2005 Cap Spending: -$8647 New Cap Limit: $500K Replaced players in top 51: $3569 [B]TOTAL 2005 SAVINGS (SINCE 2/7): $4476[/B] Cap Room (2/7): $3291 [B]CURRENT CAP ROOM (3/3): $7767[/B] |
Re: Cap Update
COLES UPDATE: take a look at his demands for the Jets, on espn.com, click clayton's quick hits on the side of the nfl page
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Re: Cap Update
Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:
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Re: Cap Update
Good to know... Maybe we can actually SAVE some money this year and not break the bank on those "big" signings. I just want to see another good pick in the draft like Taylor was. I also LOVE the Patten signing. That way if Jacobs doesn't pan out, we might have another good WR from the draft.
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Re: Cap Update
[QUOTE=monk81]Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:[/QUOTE]
I second that, thanks a bunch. |
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It's like magic with this guy. Numbers just appear... definitely a good job.
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Thanks Crazy C!! You're work dosent go unoticed, great post!
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Excellent. Thanks Canuck.
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Great job CC. Thanks for the info.
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Canuck, I absolutely love that you keep track of the salary cap like this. I noticed one thing though on Rabach's salary cap figures. It appears that you are allocating the $4.5 million in bonuses over the life of Rabach's contract. This should be done for the $2.5 million signing bonus, but not for the $2 million roster bonus. Roster bonuses only hit the cap in the year that they are paid out.
Thanks for the good work man, I love your spreadsheet. |
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Great work Canuck!
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Re: Cap Update
From CC:
"The info out there is sketchy so these are my best estimates." CrazyCanuck, your best estimates are like Spock's guess's on Star Trek! I'll take it any day! Kudos to you! |
Re: Cap Update
Canuck,
I know this is getting old, but I'll add to the applause. Your cap updates are very valuable to those of us who are interested in our cap situation but haven't got a firm idea of where we stand after all the recent roster changes. You're guning for and deserve this month's MVP (most valuable poster). |
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I don't know about that RamseyFan! Smootsmack had some outstanding stuff on the best FA's and the best potential Draftees! Each poster has his strengths!
My eyes cross everytime I read CC's great posts, but my heart pounds faster when I see that stuff on FA's and Draftees! The anticipation is then heightened for the upcoming NFL season, just like your mouth watering when you walk into a Candy store! As I said: Each poster has his strengths! |
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Smootsmack....I mean backrow (chuckle), Smootsmack is a very valuable poster as well. That's why he is a moderator. I'm just saying IMHO, I love Canuck's posts because they have a very direct impact on Smootsmack's posts because they reveal our ability to even consider free agents.
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Backrow, thanks for the kind comments. There'll be a little something extra in your paycheck this week.
But it's great to have so many people contributing in their own way on this site. It's all about team chemistry...chain is only as strong as its weakest link...united we stand, divided we fall....the sum is greater than its parts (or something like that)...and so on |
Re: Cap Update
[QUOTE=smootsmack]Backrow, thanks for the kind comments. There'll be a little something extra in your paycheck this week.
But it's great to have so many people contributing in their own way on this site. It's all about team chemistry...chain is only as strong as its weakest link...united we stand, divided we fall....the sum is greater than its parts (or something like that)...and so on[/QUOTE] Totally agree - I don't think anyone would disagree with that. |
Re: Cap Update
Thanks all for the kind words.
And I agree the great part of this site is all the posters bring something different to the table. For instance, you won't see too many of my posts when talking about the draft, since I don't really follow college ball closely. I prefer to sit back and see what you guys have to say (which luckily is plenty). I've really learnt a lot over the years from this site. So thanks again and keep up the good work! |
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[QUOTE=Schneed10]Canuck, I absolutely love that you keep track of the salary cap like this. I noticed one thing though on Rabach's salary cap figures. It appears that you are allocating the $4.5 million in bonuses over the life of Rabach's contract. This should be done for the $2.5 million signing bonus, but not for the $2 million roster bonus. Roster bonuses only hit the cap in the year that they are paid out.
Thanks for the good work man, I love your spreadsheet.[/QUOTE] Thanks Schneed. I know from your posts that you are also a "capaholic". If you have any new info or suggestions let me know. As for Rabach you are correct. I originally broke out the $2 RB over 5 years cuz I wasn't sure when he was due to receive it. I figured I'd go back later and fix it up, but forgot to. Once I made the post I didn't feel like changing all the numbers and totals, etc., considering a lot of the information is speculation in the first place. Rabach will probabaly get $1M RB in 2006 and $1M in 2007. So for the 2005 cap calculation, you can add the extra $400K to our cap room. |
Patten
Here's Patten's breakdown (estimates):
Patten - 5 years, $13M, $3.5M SB Year...Salary...Bonus...Cap Hit 2005...$660.....$700....$1360 2006...$660.....$700....$1360 2007...$2000....$700....$2700 2008...$2500....$700....$3200 2009...$3700....$700....$4400 Total..$9520....$3500...$13020 2005 cap hit: $1360 I figure we have about $6.8M left under the 2005 cap. |
Re: Cap Update
Hey CC just curious, when you come up with the cap estimates is there a certain way you calculate them? Is there a certain percentage you assign to each year?
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[QUOTE=Mattyk72]Hey CC just curious, when you come up with the cap estimates is there a certain way you calculate them? Is there a certain percentage you assign to each year?[/QUOTE]
Basically I get all the information I can then fill in the blanks if need be. Take Patten. I read he got 5 years $13M, with a $3.5M SB. That leaves $9.5M to account for. Since no RB is mentioned, I assume the entire $9.5M will be salary. His salaries have not yet been posted on NFLPA, so I just make estimates. I know the total and I know the first couple years are usually at the league minimum. |
Re: Cap Update
Just for the record, the numbers in the official cap sheets are pretty much all verified. I try not to put any estimates in there.
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Re: Patten
[QUOTE=CrazyCanuck]Here's Patten's breakdown (estimates):
Patten - 5 years, $13M, $3.5M SB Year...Salary...Bonus...Cap Hit 2005...$660.....$700....$1360 2006...$660.....$700....$1360 2007...$2000....$700....$2700 2008...$2500....$700....$3200 2009...$3700....$700....$4400 Total..$9520....$3500...$13020 2005 cap hit: $1360 I figure we have about $6.8M left under the 2005 cap.[/QUOTE] Yeah, and since they seem to be so cautious in spending that $6.8 million, doesn't it lead us to believe that they are saving the cap room so we can absorb the hit when we decide to get rid of Coles? $6.8 million is a solid amount of room, but they know that getting rid of Coles (by trade or by release) will hit the cap with an additional $6 million charge. If they're really done in free agency like Gibbs says they are, the $6.8 million in remaining cap room is a huge piece of evidence indicating that they plan to get rid of Coles. I hope we at least get Moss (or something else) for him if he's going to end up eating us up as deadcap space. Releasing Coles will take us right up against the cap pretty much. I think we can probably expect some post-June 1st cuts to make room for the rookie contracts that we'll have to ink for the draft picks. Either that or some contracts will have to get restructured. We may be done in free agency, but the work isn't done yet. |
Re: Cap Update
[QUOTE=CrazyCanuck]Just for the record, the numbers in the official cap sheets are pretty much all verified. I try not to put any estimates in there.[/QUOTE]
So is there a NFLPA website that keeps track of the official figures? 'Cause that's pretty supercalifragilisticexpealawesome. Got a link? |
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[QUOTE=Schneed10]So is there a NFLPA website that keeps track of the official figures? 'Cause that's pretty supercalifragilisticexpealawesome.
Got a link?[/QUOTE] The easiest thing to do is go to google and then type in nflpa. |
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i really dont like bowing down and letting cole rape our cap :(... rather have smoot back instead.
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i think we should release mark brunell. its unfair that he's getting paid 43 million to sit on the bench. thanks for the cap figures canuck
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Re: Patten
[QUOTE=Schneed10]Yeah, and since they seem to be so cautious in spending that $6.8 million, doesn't it lead us to believe that they are saving the cap room so we can absorb the hit when we decide to get rid of Coles? $6.8 million is a solid amount of room, but they know that getting rid of Coles (by trade or by release) will hit the cap with an additional $6 million charge. If they're really done in free agency like Gibbs says they are, the $6.8 million in remaining cap room is a huge piece of evidence indicating that they plan to get rid of Coles. I hope we at least get Moss (or something else) for him if he's going to end up eating us up as deadcap space.[/QUOTE]
Looks like you were right on Schneed. |
Re: Patten
the skins will save some money when they release chad morton, won't they ?
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[QUOTE=wolfeskins]the skins will save some money when they release chad morton, won't they ?[/QUOTE]
No they'll actually lose money. I don't see him going anywhere. |
Re: Patten
wow, i didn't know that. thanks CC.
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yeah but i would keep chad morton. he is the punt and kick returner for the skins. i would release michael barrow and mark brunell
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We're already taking a huge cap hit for Coles, we can't release Brunell.
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is the bonus that was being debated in coles' contract already taken care of already? because the washington post article about the trade going through says its due April 1st.
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Does anyone know what our cap figure would be after trading Coles? I know we don't know Moss' numbers yet, but I'm curious to know how much room we've got even without considering Moss' contract.
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hey canuck can you tell what the cap is now that coles is gone, and what it would be once moss signs a contract extension for say, 5 years?
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I think it's a little difficult to say what Moss is worth. He had a bad year in 2004, but his 2003 number suggets he'd command a fairly decent sized signing bonus. Plus, Drew Rosenhaus is his agent and he usually gets his clients big bucks. Finally, if Moss signs a 5 year deal (and it will probably be 6), this is his only "big" contract as a wideout. It's his only chance to make a lot of money.
So, my guess is he'll end up getting a signing bonus of about $8 million (about half of what top wideouts like TO get) on a 6 year deal worth $28 million. |
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[QUOTE=mooby]yeah but i would keep chad morton. he is the punt and kick returner for the skins. i would release michael barrow and mark brunell[/QUOTE]
Why would we keep Morton? With Antonio Brown and Santana Moss what is the need for just a role player such as the worthless crass attitude of Morton. Barrow even though he was injured at least was on the sideline for each and every game. Most injury guys do not even hang with the team. In Brunnel we have a very expensive back up so I think they will wait till the cap number is doable to release him. And of one more note if you get rid of Morton then Matty has no choice but to eliminate is Avatar!! |
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<-- yeah, i vote we ditch a couple avatars...
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