Skins need to free up cap room

[Schneed10]

Originally Posted by dmek25

schneed, if the skins want dre bly here this season, do the numbers work?

It really depends on a couple things:

1) What does Todd Wade's contract look like? JLC reported in the post that it was 2 years, worth somewhere around $3 million a year. CC is reporting 3 years worth about $1.5 million a year. CC usually goes straight to the NFLPA site for his info, I think. Maybe he can comment.

2) Was Patten a post-June 1 release, or not? If not, was that $3 million payment a guaranteed payment, or was it a roster bonus of some sort? So we need a little more info on Patten before we know the hit we're taking for him.

Now, CC's sheets say we have $3.8 million in room, probably about $3.3 after we factor in Stoutmire. But those numbers include the worst-case scenario on Patten, and a best-case scenario on Wade. So we could have as much as $6 million in room if it's best-case for both Patten and Wade. Or we could have $1 million in room if it's worst-case on both. CC's numbers fall in the middle of that range, so chances are, they're right. $3.3 million in current cap room is a safe assumption.

That would be enough for rookies, but probably not enough for Bly. We could create the room for Bly if we wanted though; we can ditch Todd Collins to create $1.2 million, or we can ditch Renaldo Wynn to create $2.5 million.

[skinsfan242]

I refuse to believe if we were in such a bad cap position we would have cut Patten to take an EXTRA 2.3 million cap hit. It makes no sense at all. I beleive CC's numbers are right, but i refuse to believe we would cut patten and take a EXTRA hit. It is not like his contract was mind boggling, it was 5 years 13 million. Patten had to save us money (although not alot), no question in my mind. The 3 million had to be a roster bonus. As for Wade it is a 3 year deal, but if he plays 80% of the snaps it gets voided after 2. This was done to spread the cap hit. There was also no signing bonus, the Skins just Guarnteed 4.25 million of the deal.

[BeastsoftheNFCeast]

Originally Posted by skinsfan242

I refuse to believe if we were in such a bad cap position we would have cut Patten to take an EXTRA 2.3 million cap hit. It makes no sense at all. I beleive CC's numbers are right, but i refuse to believe we would cut patten and take a EXTRA hit. It is not like his contract was mind boggling, it was 5 years 13 million. Patten had to save us money (although not alot), no question in my mind. The 3 million had to be a roster bonus. As for Wade it is a 3 year deal, but if he plays 80% of the snaps it gets voided after 2. This was done to spread the cap hit. There was also no signing bonus, the Skins just Guarnteed 4.25 million of the deal.

How can there be no signing bonus but 4.25mil is guarenteed? Also where did you get that 80% thing from, I'm not doubting it, I just want to know where to go to get info.

[skinsfan242]

Just because something is guarenteed it doesn't mean he got anything to sign. It just means if we cut him we it all hits the cap.

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[Schneed10]

Originally Posted by skinsfan242

I refuse to believe if we were in such a bad cap position we would have cut Patten to take an EXTRA 2.3 million cap hit. It makes no sense at all. I beleive CC's numbers are right, but i refuse to believe we would cut patten and take a EXTRA hit. It is not like his contract was mind boggling, it was 5 years 13 million. Patten had to save us money (although not alot), no question in my mind. The 3 million had to be a roster bonus. As for Wade it is a 3 year deal, but if he plays 80% of the snaps it gets voided after 2. This was done to spread the cap hit. There was also no signing bonus, the Skins just Guarnteed 4.25 million of the deal.

I see, thanks for the info on Wade.

Then that means CC's numbers are correct on Wade.

And you're probably right on Patten. I don't think the Skins make a move to cut Patten unless they're clearing cap space by doing so.

If that's the case, we're sitting here with about $6.5 million in space. So yeah, we can fit Bly in along with our rookies.

[CrazyCanuck]

Cap Sheets Reconciliation

Patten - $2.3M extra
Arch - $2.2M extra
Frost - $500K incremental
Wade - $400K incremental
Yoder - $300K incremental
Tucker - $200K incremental
Boschetti - $200K incremental
Jimoh - $50K extra


Total - $6.15M extra
Starting cap room - $9.7M
Remaining cap room - about $3.55M (I have us at $3.8M)

Possible changes:
- Patten's bonus - As I stated in an earlier post, it is possible the $3M SB due this year is not guaranteed, which would add $3M to our cap space. Plus he may have been designated a June 1 cut which would push more money to 2008.

- Wade signing bonus - NFLPA reports it as a 3-year deal. I haven't seen a signing bonus for him yet, but whatever it is, divide it by 3.

- Stoutmire - signed a 1-year deal.

[skinsfan242]

Thanks for the info! I'm think they cut him so the didn't have to pay that to him.

[Skin Patrol]

Can someone please post a link to CC's cap space page. I want to put it up as a resource on my Blog.

[BeastsoftheNFCeast]

if there was a 3 mil roster bonus for patten, and it was not part of the signing bonus, then we should be sitting pretty. Also JLC and PFT had some bad info on wades contract, so that should add some more space to what I said earlier. Sorry, this thread was actually pointless, I didnt have the write info on Patten or Wade. But nonetheless, I think a great move would be to try to get Collins to go for the vet min, that way even though his paycut is only half a mil, the cap cut is one mil and we dont have to sign any more players. And we are obviously going to restructure Wynn's contract.

edit-CC's cap sheets are on the second scroll down bar from the left on the top of the home page.

[MTK]

Originally Posted by Skin Patrol

Can someone please post a link to CC's cap space page. I want to put it up as a resource on my Blog.

http://www.thewarpath.net/WarpathRedskinsCap.htm

[CrazyCanuck]

I did another update today (3/24).

- I changed Patten's deadcap hit from $5.3M to $2.3M. This is more consistent with what others have been reporting.

- I added the signing bonus for Wade ($3.5M as reported by PCinOZ).

This brings our current cap room to $5.5M.

[dmek25]

so if the skins really want Dre Bly, there is cap room. does anyone here think that is going to happen?

[CrazyCanuck]

Originally Posted by dmek25

so if the skins really want Dre Bly, there is cap room. does anyone here think that is going to happen?

Yes.

[Schneed10]

Originally Posted by CrazyCanuck

Yes.

Me too.

[GTripp0012]

Originally Posted by CrazyCanuck

I did another update today (3/24).

- I changed Patten's deadcap hit from $5.3M to $2.3M. This is more consistent with what others have been reporting.

- I added the signing bonus for Wade ($3.5M as reported by PCinOZ).

This brings our current cap room to $5.5M.

$5.5 plus a close to league min Stoutmire signing?

Not bad at all.

I would use some of our late round picks to add TE and OL depth, and just generally try to find players who could add wrinkles to our offense.

Brian Leonard is a prospect that intrigues me, but we probably won't be in position to draft him. One thing that the late rounds are very good for is picking up quality RB depth. I wouldn't be opposed to adding a RB and carrying 4 into the season.