Quote:
Originally Posted by skinster
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.
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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.