Redskins 2012 Salary Cap Status

[CrazyCanuck]

Originally Posted by SBXVII

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

This doesn't make much sense, haven't heard anything to this effect.

I do believe the $18M charge has changed the way we handle our bonuses. I think Allen would prefer to take the bulk of the bonus hits sooner than later, but the cap penalty has handcuffed us. Therefore he has constructed more deals like Morgan and Meriweather - adding 'fake' years to the contracts to push more bonus money to the future and less to 2012.

[HoopheadVII]

Originally Posted by SBXVII

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

It made sense because I couldn't figure out how we had not gone over our limit already.

That doesn't make sense - that would essentially make the salary cap pointless. Every salary would get shifted into signing bonus every year.

Plus, giving people big signing bonuses when they didn't count against a cap is what got the 'Skins penalised in the first place.

[Schneed10]

Originally Posted by SBXVII

I guess my source was wrong. I was told that after the new CBA apparently Allen and Co. found that the bonuses don't count against the CAP. In other words we sign a guy to a 5 yr 10 mill with a signing bonus of 7 mill..... the 7 mill would not count against our CAP and basically only the 5yr 10mill would which is 2 mill for this year. I was told that is how we were able to sign the players we got after the league took our 18mill leaving us with 18mill to play with.

It made sense because I couldn't figure out how we had not gone over our limit already.

The basic tenant of the salary cap is that on your salary cap books, you have to account for any money you actually pay to a player.

So if you pay out a base salary, you must account for 100% of it that year. If you pay out a signing bonus, you must account for it over the life of the contract.

There is no way you can avoid recognizing on the cap any funds you actually pay to a player.

[los panda]

are there any video/computer games that offer a realistic salary cap/franchise mode? i didn't buy madden 12 but i assume there still only 2 ways to structure contracts; back load using the bonus, or even steven using no bonus

[GTripp0012]

Originally Posted by Schneed10

There is no way you can avoid recognizing on the cap any funds you actually pay to a player.

Except cash in white envelopes.

<-- Does not condone under the table payments

[GTripp0012]

**UPDATED (March 23, 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 = $1.75 million-390k = $1.36 million CONFIRMED
Tim Hightower, 2012 Cap Number = $1.5 million-390k = $1.11 million
Rex Grossman, 2012 Cap Number = $1.0 million-390k = $0.61 million (unconfirmed)
Kedric Golston, 2012 Cap Number = $0.815 million -390k = $0.425 million
Darrion Scott, 2012 Cap Number = $650k-$390k =$260k

LaRon Landry <-- Signed/NYJ for 1 yr/$3.5 ($1.75 guaranteed)
Rocky McIntosh
Donte Stallworth <-- Signed/NE for 1 yr/$0.9 million ($25k guaranteed)
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook

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 March 23 = $18.171
ACCUMULATED Total as of March 2 = $9.489 million March 13 = $10.696 million March 23 = $11.356

6f. Accumulated re-signings = $11.356 million
Projected additional re-signings (Fletcher, Golston, and Hightower) = $6.845 million

7. Signed unrestricted free agents from other teams:

Pierre Garcon: $4.3 million-390k = $3.91 million CONFIRMED
Josh Morgan: $3.1 million-390k = $2.71 million CONFIRMED
Brandon Meriweather: $1.9 million-390k = $1.51 million (unconfirmed)
Cedric Griffin: $2.5 million-390k = $2.11 million (unconfirmed)

Total as of the evening of March 23rd: $10.24 million

8. 2012 NFL-enforced salary cap sanction: ($18 million)

9. Salary Cap space after projected re-signings, March 23, 2012 =$16.225 million - $18 million = (1.875 million)
Actual salary cap space as of March 23, 2012: $5.04 million

10. Estimated 2012 Rookie Cap Allowance = $5.75 million

Actual cap minus rookie cap = $(0.71 million)

[CrazyCanuck]

Good job. I have a few discrepencies:

- Gano's 2012 salary and cap hit is $615K.

- Monty's 2012 cap hit is $1.3M. His deal is 5 years not 4. Also seems the bonus he received was treated as signing bonus after all, so the $2.75M SB gets allocated at $550K per year for 5 years. So $700K salary + $550K cap bonus + $50K workout bonus = $1.3M.

- Carriker's 2012 cap hit is $3.95M. Apparently because of the player-out-clause, the whole $3M bonus has to be expensed in 2012. So his cap hit is $700K sal + $3M bonus + $250K workout bonus = $3.95M. Thanks to PCinOZ for this info.

- Grossman's salary is $920K but he qualifies for vet min ($540K). So his cap hit is $540K sal + $65K signing bonus = $605K.

- Scott's salary and cap hit is $700K.

- I have Garcon's cap hit at $4.7M including a $400K roster bonus.

- Meriweather's 2012 salary is actually $1.45M so his cap hit is $1.85M. (don't mean to nitpick)

[los panda]

pick the nit, this is my redskins cap figure bible

[CrazyCanuck]

Originally Posted by los panda

pick the nit, this is my redskins cap figure bible

Well in that case...... I think you should bring back the mustache.

[los panda]

Originally Posted by CrazyCanuck

Well in that case...... I think you should bring back the mustache.

ha, it's starting to get too warm for it, my gf actually digs it. we'll see

[CrazyCanuck]

Originally Posted by los panda

ha, it's starting to get too warm for it, my gf actually digs it. we'll see

Move to Canada, it's mustache season all year long.

[los panda]

i do miss the air up there, you can't describe the clear/fresh/pureness of it with words. i haven't been in over a decade. i have family outside of toronto

[GTripp0012]

Originally Posted by CrazyCanuck

Good job. I have a few discrepencies:

- Gano's 2012 salary and cap hit is $615K.

- Monty's 2012 cap hit is $1.3M. His deal is 5 years not 4. Also seems the bonus he received was treated as signing bonus after all, so the $2.75M SB gets allocated at $550K per year for 5 years. So $700K salary + $550K cap bonus + $50K workout bonus = $1.3M.

- Carriker's 2012 cap hit is $3.95M. Apparently because of the player-out-clause, the whole $3M bonus has to be expensed in 2012. So his cap hit is $700K sal + $3M bonus + $250K workout bonus = $3.95M. Thanks to PCinOZ for this info.

- Grossman's salary is $920K but he qualifies for vet min ($540K). So his cap hit is $540K sal + $65K signing bonus = $605K.

- Scott's salary and cap hit is $700K.

- I have Garcon's cap hit at $4.7M including a $400K roster bonus.

- Meriweather's 2012 salary is actually $1.45M so his cap hit is $1.85M. (don't mean to nitpick)

I was going to ask you about both those things, particularly the vet exemption on Grossman because it seemed weird that you would have him down below the vet minimum for a player with 9 accrued seasons on your cap sheet. My Grossman # was a guesstimate based off the vet minimum and signing bonus.

I read that Carriker thing in the CBA two nights ago and it didn't really make a lot of sense to me why the Redskins would do that when they're writing all these five year deals that void after two, so I didn't adjust. But your number on him makes more sense than mine after having read that. Still doesn't really pass the logic test though.

I always have a hard time finding out which league year roster bonuses are in, so most discrepancies between my numbers and NFLPA data has to do with roster bonus placement.

I'll correct everything in a subsequent post.

[CrazyCanuck]

Originally Posted by GTripp0012

I was going to ask you about both those things, particularly the vet exemption on Grossman because it seemed weird that you would have him down below the vet minimum for a player with 9 accrued seasons on your cap sheet. My Grossman # was a guesstimate based off the vet minimum and signing bonus.

I read that Carriker thing in the CBA two nights ago and it didn't really make a lot of sense to me why the Redskins would do that when they're writing all these five year deals that void after two, so I didn't adjust. But your number on him makes more sense than mine after having read that. Still doesn't really pass the logic test though.

I always have a hard time finding out which league year roster bonuses are in, so most discrepancies between my numbers and NFLPA data has to do with roster bonus placement.

I'll correct everything in a subsequent post.

- Grossman - his salary is $920K and his contract seems to meet the criteria for vet min exemption (1 year deal, small signing bonus, etc.). So makes sense I think.

- Ya I noticed the Carriker item on PC's sheets, then it was discussed further in the Yahoo capologists group. A few capologists agree this is the proper accounting method. Though I agree it seems strange considering how they've constructed other recent deals.

- NFLPA only gives salary info. Signing bonus and roster bonus info is always harder to come by. Generally I start with the salary data, then try to fill in the blanks from there.

[GTripp0012]

**UPDATED (March 23, 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 58
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 = $0.615 million-390k = $0.225 million

Total as of January 17 = $225k

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 = $1.3 million-390k =$0.91 million CONFIRMED
Adam Carriker, 2012 Cap Number = $3.95 million-390k = $3.56 million CONFIRMED
Tim Hightower, 2012 Cap Number = $1.5 million-390k = $1.11 million
Rex Grossman, 2012 Cap Number = $0.605 million-390k = $0.215 million CONFIRMED
Kedric Golston, 2012 Cap Number = $0.815 million -390k = $0.425 million
Darrion Scott, 2012 Cap Number = $700k-$390k =$310k CONFIRMED

LaRon Landry <-- Signed/NYJ for 1 yr/$3.5 ($1.75 guaranteed)
Rocky McIntosh
Donte Stallworth <-- Signed/NE for 1 yr/$0.9 million ($25k guaranteed)
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook

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 March 23 = $18.691
ACCUMULATED Total as of March 2 = $9.489 million March 13 = $10.696 million March 23 = $11.876

6f. Accumulated re-signings = $11.876 million
Projected additional re-signings (Fletcher, Golston, and Hightower) = $6.845 million

7. Signed unrestricted free agents from other teams:

Pierre Garcon: $4.7 million-390k = $4.31 million CONFIRMED
Josh Morgan: $3.1 million-390k = $2.71 million CONFIRMED
Brandon Meriweather: $1.85 million-390k = $1.46 million CONFIRMED
Cedric Griffin: $2.5 million-390k = $2.11 million (unconfirmed)

Total as of the evening of March 23rd: $10.59 million

8. 2012 NFL-enforced salary cap sanction: ($18 million)

9. Salary Cap space after projected re-signings, March 23, 2012 =$15.355 million - $18 million = (2.645 million)
Actual salary cap space as of March 23, 2012: $4.17 million

10. Estimated 2012 Rookie Cap Allowance = $5.75 million

Actual cap minus rookie cap = $(1.58 million)