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-   -   Cap Update (http://www.thewarpath.net/showthread.php?t=5075)

CrazyCanuck 03-03-2005 07:27 PM

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]

downtown4life 03-03-2005 07:39 PM

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

monk81 03-03-2005 07:42 PM

Re: Cap Update
 
Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:

TheMalcolmConnection 03-03-2005 07:49 PM

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.

RedskinRat 03-03-2005 08:00 PM

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.

TheMalcolmConnection 03-03-2005 08:01 PM

Re: Cap Update
 
It's like magic with this guy. Numbers just appear... definitely a good job.

Gmanc711 03-03-2005 08:06 PM

Re: Cap Update
 
Thanks Crazy C!! You're work dosent go unoticed, great post!

JWsleep 03-03-2005 08:15 PM

Re: Cap Update
 
Excellent. Thanks Canuck.

Redskins_P 03-04-2005 08:45 AM

Re: Cap Update
 
Great job CC. Thanks for the info.

Schneed10 03-04-2005 09:05 AM

Re: Cap Update
 
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.

SmootSmack 03-04-2005 09:15 AM

Re: Cap Update
 
Great work Canuck!

backrow 03-04-2005 11:22 AM

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!

Sheriff Gonna Getcha 03-04-2005 11:31 AM

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).

backrow 03-04-2005 11:41 AM

Re: Cap Update
 
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!

Sheriff Gonna Getcha 03-04-2005 11:59 AM

Re: Cap Update
 
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.

SmootSmack 03-04-2005 12:17 PM

Re: Cap Update
 
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

Sheriff Gonna Getcha 03-04-2005 12:33 PM

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.

CrazyCanuck 03-04-2005 02:18 PM

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!

CrazyCanuck 03-04-2005 02:28 PM

Re: Cap Update
 
[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.

CrazyCanuck 03-04-2005 03:35 PM

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.

MTK 03-04-2005 04:09 PM

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?

CrazyCanuck 03-04-2005 04:28 PM

Re: Cap Update
 
[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.

CrazyCanuck 03-04-2005 04:42 PM

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.

Schneed10 03-04-2005 10:07 PM

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.

Schneed10 03-04-2005 10:10 PM

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?

KLHJ2 03-04-2005 10:22 PM

Re: Cap Update
 
[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.

That Guy 03-05-2005 05:33 AM

Re: Cap Update
 
i really dont like bowing down and letting cole rape our cap :(... rather have smoot back instead.

mooby 03-05-2005 11:39 AM

Re: Cap Update
 
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

CrazyCanuck 03-05-2005 03:50 PM

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.

wolfeskins 03-05-2005 04:05 PM

Re: Patten
 
the skins will save some money when they release chad morton, won't they ?

CrazyCanuck 03-05-2005 05:59 PM

Re: Patten
 
[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.

wolfeskins 03-05-2005 06:33 PM

Re: Patten
 
wow, i didn't know that. thanks CC.

mooby 03-05-2005 07:07 PM

Re: Cap Update
 
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

MTK 03-05-2005 07:17 PM

Re: Cap Update
 
We're already taking a huge cap hit for Coles, we can't release Brunell.

skinsfanthru&thru 03-05-2005 07:49 PM

Re: Cap Update
 
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.

Sheriff Gonna Getcha 03-05-2005 10:04 PM

Re: Cap Update
 
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.

mooby 03-05-2005 10:54 PM

Re: Cap Update
 
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?

Sheriff Gonna Getcha 03-05-2005 10:57 PM

Re: Cap Update
 
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.

CRT3 03-06-2005 08:39 AM

Re: Cap Update
 
[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!!

That Guy 03-06-2005 08:57 AM

Re: Cap Update
 
<-- yeah, i vote we ditch a couple avatars...


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