Redskins 2012 Salary Cap Status

[GTripp0012]

Originally Posted by SkinItup

Perry Riley means we have a front 6 and as long as jenkins is in good shape we have a defensive front good rotation.

We have 2 decent but not good corners. I wish we would get another and we need safety help bad.

Riley can be a quality starter or a quality backup at this point. But if you don't have anyone to push him, you'll be in trouble vs the run if he misses time. And obviously Fletcher is a different issue entirely, but takes up a huge percentage of the remaining cap if he re-signs.

[EARTHQUAKE2689]

I would take the 5th for Gaffney and roll with it.

[Dirtbag59]

Has an official notice of the sanctions been handed out yet?

[Gtothearry]

From what i've been reading there will probably be lawyers involved shortly over this issue.

[EARTHQUAKE2689]

So does that mean we will see a resolution to this sooner rather than later?

[Shadowbyte]

Originally Posted by GTripp0012

**UPDATED (March 13, 2012)** Redskins 2012 Salary Cap Info

2012 Salary Cap Situation
1. Salary Cap Projection = $124 million $120.375 million $120.6 million <-- Small salary cap increase
2a. Number of players under contract for the Redskins = 47 56 54
2b. Redskins Cap Number, March 2 2012 = $86.3 million $93.1 million
2c. Difference between adjusted 2012 cap number and projected cap = $27.5 million
2d. Redskins 2011 Salary Cap Rollover = $13 million
3. Salary Cap space, February 2012 + cap rollover = $40.5 million

4. Potential player releases from $90 million cap number (plus 390k UDFA val):

DeAngelo Hall, $6.2 million-390k = $5.8 million net gain
O.J. Atogwe, $4.0 million-390k = $3.6 million net gain CONFIRMED
Jammal Brown, -$650k-390k = -$1.04 million [net loss]
John Beck, $1 million-390k = $0.6 million net gain
Mike Sellers, $925k-390k = $0.55 million net gain CONFIRMED
Reed Doughty, $1.15 million-390k = $0.76 million net gain
Santana Moss, $484k-390k = $0.1 million net gain
Chris Cooley, $2.07 million-390k = $1.68 million net gain

Total = $13.94 million retrievable

4b. Actual Cap Retrieved from Player Releases/Restructures: $4.15 million

5. Space for potential releases PLUS existing cap space = $55.84 million available (does not include June 1 release flexibility)

6a. Rule of 51 = 4 contracts at league min (390k) = $1.56 million <--the Redskins now have more than 51 players under contract
6b. Redskins Exclusive Rights Free Agents, less UDFA rookie minimum (375k per)

Graham Gano, 2012 Cap Number = $0.54 million-390k = $0.15 million

Total as of January 17 = $150k

6c. Redskins Restricted Free Agents, less UDFA rookie minimum (375k per)

Kory Lichtensteiger, 2012 Cap Number = $1.875 million-390k = $1.5 million (projected 2nd round tender) $1.2 million-390k = $0.81 million (original round (4th) tender) CONFIRMED
Byron Westbrook, 2012 Cap Number = $1.2 million-390k = $0.825 million (projected low tender) <-- Rich Tandler reports Redskins will not offer RFA tender to Westbrook

Total as of March 11 = $0.81 million

6d. Redskins Unrestricted Free Agents and PROJECTED CAP FIGURES, less UDFA rookie minimum (390k per):

London Fletcher, 2012 Cap Number = $5.67 million-390k = $5.28 million
Fred Davis, 2012 FRANCHISE TENDER = $5.446 million-390k = $5.056 million CONFIRMED
Will Montgomery, 2012 Cap Number = $3.5 million-390k =$3.11 million CONFIRMED
Adam Carriker, 2012 Cap Number = $1.7 million-390k = $1.31 million CONFIRMED
Tim Hightower, 2012 Cap Number = $1.5 million-390k = $1.11 million
Darrion Scott, 2012 Cap Number = $650k-$390k =$260k

Rex Grossman
Rocky McIntosh
Kedric Golston
Donte Stallworth
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook <-- added

PROJECTED Total as of January 17 = $20.085 million <--Removed Landry's projection
PROJECTED Total as of March 2 = $18.911 million March 13 = $17.086 million
ACCUMULATED Total as of March 2 = $9.489 million March 13 = $10.696 million

6f. Accumulated re-signings = $10.696 million
Projected additional re-signings (Fletcher and Hightower) = $6.39 million

7. Signed unrestricted free agents from other teams:

Pierre Garcon: $4.3 million-390k = $3.91 million CONFIRMED
Josh Morgan: $2.9 million-390k = $2.51 million CONFIRMED

Total as of the evening of March 13th: $6.42 million

8. Salary Cap space after projected re-signings, March 13, 2012 =$21.13 million
Actual salary cap space as of March 13, 2012: $27.52 million

Excellent info, thanks a million for putting the leg work to bring us these numbers!

[CRedskinsRule]

Originally Posted by EARTHQUAKE2689

So does that mean we will see a resolution to this sooner rather than later?

Lawyers = billable hours
Billable hours = must check minutia
Must check minutia = no resolution soon

[MTK]

Creativity helps ‘Skins manage cap charge with Morgan deal | ProFootballTalk

[Jamaican'Skin]

Originally Posted by Mattyk

Creativity helps ‘Skins manage cap charge with Morgan deal | ProFootballTalk

Thats brilliant. Wonder when they're gonna be punished for that

[steveo395]

Originally Posted by Mattyk

Creativity helps ‘Skins manage cap charge with Morgan deal | ProFootballTalk

So it turns out Morgan's cap number is $3.1 million, not $2.9 with the workout bonus that he is basically guaranteed to get.

[GTripp0012]

Originally Posted by steveo395

So it turns out Morgan's cap number is $3.1 million, not $2.9 with the workout bonus that he is basically guaranteed to get.

You are correct. And Carriker is 1.75 instead of 1.70 for the same reason.

Net subtraction of $250,000 in cap space.

PCinOZ thinks that the Carriker buyback will end up as a $1 mil cap charge in 2012. It's possible, but I'm not sure about that. I would think it's at least offset in 2012.

[skinster]

I am very excited to see how the redskins will structure all their contracts when the season comes. Considering we are looking at Royal, Ross, Grubbs, Winston; I am baffled as to where our cap space comes from this year AND next year when we will not get the 13 million in cap credits we got this year (I think...unless using this years 18 mil in unused cap next year to cancel out is the silver lining). Anyone know how cap credits are to work for us next year? Or what we can salvage as compensation?

[CrazyCanuck]

Originally Posted by GTripp0012

PCinOZ thinks that the Carriker buyback will end up as a $1 mil cap charge in 2012. It's possible, but I'm not sure about that. I would think it's at least offset in 2012.

I'd think the opposite. We should get a $1M credit if he exercises his option.

[MTK]

Originally Posted by skinster

I am very excited to see how the redskins will structure all their contracts when the season comes. Considering we are looking at Royal, Ross, Grubbs, Winston; I am baffled as to where our cap space comes from this year AND next year when we will not get the 13 million in cap credits we got this year (I think...unless using this years 18 mil in unused cap next year to cancel out is the silver lining). Anyone know how cap credits are to work for us next year? Or what we can salvage as compensation?

You know what I've learned to do? Sit back and trust the numbers guys. They know what they're doing. I don't even try to figure it out on my own.

[skinster]

Originally Posted by Mattyk

You know what I've learned to do? Sit back and trust the numbers guys. They know what they're doing. I don't even try to figure it out on my own.

Lol, so do most people. But to me what makes football far and away better than any other sport is how it is structured from a business perspective, specifically the cap rules. Its fun for me to follow the numbers, which is why I came to thewarpath in the first place...the cap sheet.