Redskins 2011 Salary Cap Status

[Schneed10]

Originally Posted by GTripp0012

I feel incredibly confident in saying its in excess of 10 million. I know that's a big range: 10+ mil, but we've still got a basic offseasons worth of cap space to work with.

Kemoeatu also just released.

Yeah suffice it to say we have enough to keep making moves. How much, nobody knows. Things are happening too fast right now.

[That Guy]

cofield is 12.5/36 over 6? moss 6/15 over 3? i assume donte is cheap, gaffney is cheap (have to check on his current contract w/o SB) and wislon was what? 8/13.5 over 3?

not a lot of big signings yet... still need jenkins and an OL if nothing else, but we got room for that and some midlevels/vet min cut guys.

[SmootSmack]

This morning I heard $21 million under, but I don't even pretend to understand the cap

[GTripp0012]

Originally Posted by SmootSmack

This morning I heard $21 million under, but I don't even pretend to understand the cap

Wow. First I saw this post by you and it pretty much equals my calculations over the last out exactly.

Good stuff.

[MTK]

AH and DM saved us some nice room, but with all the moves coming and going good luck figuring out where we're at right now. I'm guessing we still have a lot of spendin' to do.

[GTripp0012]

Cap Update:

Our total 2011 cash outlay is at $106 million, which includes all the cuts and signings to date, and a rookie salary estimate, but not a Cullen Jenkins deal.

I have us sitting on $21.8 million in cap space at the current moment. Our signings to date have pretty much been cancelled out by our cuts and trades.

[GTripp0012]

In other words, if Cullen Jenkins' deal is a blockbuster, it won't matter much on our 2011 cap.

2012 though is starting to get a little tighter.

[GTripp0012]

Stephen Bowen update: estimated cap number = $4 million

There is roughly $17 million remaining under the salary cap for 2011. We have matched the cash requirement for the 2011 Collective Bargaining Agreement with the NFLPA.

It's $37 million in deadcap for the following cuts:

Kemoeatu
Portis
Moss (voided deal prior to resigning)
Carter
Haynesworth
McNabb
Dockery
Rabach

Moss is actually counting $8.5 million on our cap, which is $5.5 million for the remenants of his old deal, and $3 million for his current deal.

But all that means is our salary cap is $87 million instead of $123.7 million. And the only big contract we have on the books is Fletcher at $7 million. So that's why we have so much deadcap and can still be signing.

[rbanerjee23]

Man $17 million? let's go get Jason Campbell lol

[That Guy]

that's a TON of deadcap, but if 7mill is the biggest deal, that's not bad.

[Ruhskins]

Some cap information...

Redskins have plenty of cap space after trading Albert Haynesworth, cutting veterans - The Insider - The Washington Post

[GTripp0012]

Originally Posted by Ruhskins

Some cap information...

Redskins have plenty of cap space after trading Albert Haynesworth, cutting veterans - The Insider - The Washington Post

Okay, I figured out the discrepancy. The WP Insider article isn't including the rookie cap yet, and they calculated the deadcap hits of those four released wrong.

Our numbers about the "start of day" cap total are in agreement.

So $17 million of free money is the number. That's after we sign all the rookies. But the WP is kind of right that we could sign $30 million in player salary, and then get in salary cap compliance later.

[GTripp0012]

Okay, some of the $37 of deadcap we have accrued today is actually going on the books in 2012.

So we have more than $17 mil remaining in 2011 cap room, but some of that $37 mil is going to hurt us in 2012. So it's deceptive. If we spend to the limit, we'll be in cap hell next year. So basically, they're not spending to the limit. They're probably done in terms of big money.

[steveo395]

Originally Posted by GTripp0012

Okay, some of the $37 of deadcap we have accrued today is actually going on the books in 2012.

So we have more than $17 mil remaining in 2011 cap room, but some of that $37 mil is going to hurt us in 2012. So it's deceptive. If we spend to the limit, we'll be in cap hell next year. So basically, they're not spending to the limit. They're probably done in terms of big money.

Your a Redskins fan. Haven't you learned after all these years that we will never be in cap hell?

[CrazyCanuck]

Just letting you guys know I'll be working on new cap sheets all week. Any useful info you guys find could help so feel free to post in this thread. I'll check back over the next few days when I prepare my sheets. Thanks.