The Archuleta cap hit question.

[MTK]

It's still too early to tell what the cap implications are, but Schneed10 posted this in another thread

Regarding Archuleta's contract, did you guys notice that his deal with Chicago will include $5 million in guarantees? So says the ESPN article.

$5 million is exactly what we owed him tomorrow when the second half of his guaranteed money was due to him.

I await the numbers from La Canfora, but I'd venture to guess that somehow the Skins managed to transfer that $5 million payment over to the Bears. If true, the 'Skins would be taking a $4 million dead cap hit this year on Archuleta, meaning making the trade only ate up $1.7 million of incremental cap space, meaning we'd be sitting here with about $8 million in 2007 cap space.

Maybe CC knows if such a transfer of guaranteed payments can be done under the new collective bargaining agreement?

It bears watching. But if I had to bet, I'd guess that we are not eating the full $9 million in dead cap money. I think we probably got out of some of that somehow.

Curious that all rumblings regarding Dre Bly have been silent to this point... if we've resolved Archuleta without taking a huge cap hit from him then the door is open for Mr. Bly.

ALL SPECULATION ON MY PART. But my speculation is probably more accurate than anything on PFT!

[Schneed10]

Originally Posted by Mattyk72

It's still too early to tell what the cap implications are, but Schneed10 posted this in another thread

To update myself, it appears that I was correct in that post. Per the WP's article:

The Redskins and Archuleta agreed to postpone his original deadline of March 12 to receive his bonus payment in order to facilitate a trade, and the Bears, whose coach, Lovie Smith, has a strong relationship with the safety from their time together in St. Louis, ultimately agreed to pick up that $5 million payment as part of the deal, sources said, beating today's new deadline for the option.

Archuleta will get a new contract with Chicago, while the Redskins are expected to land just a sixth-round pick as compensation for a player who was drafted 20th overall in 2001. Had the Redskins executed the option and kept Archuleta as a reserve (behind starters Pierson Prioleau and Sean Taylor), he would have cost them $2.4 million against the salary cap; by dealing him, he likely will count $4 million in dead cap space, pending any other possible contract restructurings, but will be off the team's books after 2007.

He counts $4 million against our 2007 cap instead of $9 million. He would have counted $2.4 million if he played for us in 2007. So trading him ate up $1.6 million in space.

This means we now have $8 million in space to work with right now. Given that rookies will fit in $3 - $4 million in space, there clearly is a plan in place to make another major move. Look for the Bly deal to go down soon.

[EXoffender]

Originally Posted by Schneed10

To update myself, it appears that I was correct in that post. Per the WP's article:



He counts $4 million against our 2007 cap instead of $9 million. He would have counted $2.4 million if he played for us in 2007. So trading him ate up $1.6 million in space.

This means we now have $8 million in space to work with right now. Given that rookies will fit in $3 - $4 million in space, there clearly is a plan in place to make another major move. Look for the Bly deal to go down soon.

I hate this. I thought we saw the end of these type of moves.