Available Cap Room

Sheriff Gonna Getcha · 03-09-2006, 01:21 AM

Prior to this week, the Redskins had consumed about $115 million of cap space. Then, the Redskins cut Arrington and saved almost $4.4 million in cap space, bringing our cap figure to about $110.5 million. Various media outlets are reporting that the cap is expected to be set at roughly $102 million. Thus, we need to trim about $8.5 million to get under the cap.

The Washington Post is reporting, as we all guessed, that Walt Harris, Brandon Noble, Matt Bowen, and Cory Raymer are definate cap casualties. Those cuts trim our cap by close to $6.7 million. Patrick Ramsey is going to be traded or released, bringing an addition $1.7 million in cap space. Between those cuts/trades, we will be just about at the cap limit. We might expect to cut a few more guys (e.g. Hall, Tupa, Thrash). I would guess that we'll save a few million ($2-4) more there.

The Washington Post is also reporting that, with the new CBA, the Redskins also now have the option of converting about $13.5 million of total roster bonuses due to eight players into signing bonuses for cap purposes, which would create another $10 million in 2006 savings. A few other routine contract restructurings with high-salaried players like quarterback Mark Brunell and tackle Jon Jansen would create more space (possibly $2-4 million).

So, right now, I would guess that we will have somewhere between $10-$18 million in cap room. That's a lot of dough.

Canuck, That Guy, and other aspiring capologists, let me know what you guys think about this.

FRPLG · 03-09-2006, 01:23 AM

Also we can prorate bonuses longer now than when the 117(not 115) was calculated. I think the Post article alluded to this seriously diminshing our cap number.

MTK · 03-09-2006, 01:24 AM

Sounds like a good estimate to me RF but I'm not one of those aspiring capologists you refer to.

FRPLG · 03-09-2006, 01:39 AM

I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.

Sheriff Gonna Getcha · 03-09-2006, 01:42 AM

Quote:

Originally Posted by FRPLG

I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.

Yeah, the WP said converting roster bonuses that are due to signing bonuses would save us about $10 million. I mentioned it in my first post, but should have made it more prominent.

FRPLG · 03-09-2006, 01:44 AM

Quote:

Originally Posted by Ramseyfan

Yeah, the WP said converting roster bonuses that are due to signing bonuses would save us about $10 million. I mentioned it in my first post, but should have made it more prominent.

Not just that but actually prorating current bonuses that are prorated over 4 years to 5 or 6. Maybe that's what the article meant but it is not exactly what it said.

SmootSmack · 03-09-2006, 01:48 AM

Quote:

Originally Posted by FRPLG

I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.

"quick and dirty", like a Hot Pocket....typical FRPLG! LOL

dmek25 · 03-09-2006, 08:02 AM

this is all good but i hope the skins dont put them selves in the position they were in a couple of days ago.sign one high priced guy and thats it(or whatever works with the money)no going crazy again,thank god coach gibbs is here

PWNED · 03-09-2006, 09:35 AM

i think we'll get maybe 3-4 guys through fa

Schneed10 · 03-09-2006, 09:47 AM

Quote:

Originally Posted by Ramseyfan

Prior to this week, the Redskins had consumed about $115 million of cap space. Then, the Redskins cut Arrington and saved almost $4.4 million in cap space, bringing our cap figure to about $110.5 million. Various media outlets are reporting that the cap is expected to be set at roughly $102 million. Thus, we need to trim about $8.5 million to get under the cap.

The Washington Post is reporting, as we all guessed, that Walt Harris, Brandon Noble, Matt Bowen, and Cory Raymer are definate cap casualties. Those cuts trim our cap by close to $6.7 million. Patrick Ramsey is going to be traded or released, bringing an addition $1.7 million in cap space. Between those cuts/trades, we will be just about at the cap limit. We might expect to cut a few more guys (e.g. Hall, Tupa, Thrash). I would guess that we'll save a few million ($2-4) more there.

The Washington Post is also reporting that, with the new CBA, the Redskins also now have the option of converting about $13.5 million of total roster bonuses due to eight players into signing bonuses for cap purposes, which would create another $10 million in 2006 savings. A few other routine contract restructurings with high-salaried players like quarterback Mark Brunell and tackle Jon Jansen would create more space (possibly $2-4 million).

So, right now, I would guess that we will have somewhere between $10-$18 million in cap room. That's a lot of dough.

Canuck, That Guy, and other aspiring capologists, let me know what you guys think about this.

Your estimate sounds about right to me. The $6.7 million in cuts already happened and the Lavar move happened. So we've created $11.2 million so far, which gets us down from $115 to $103.8. Moving Ramsey out is sure to happen, so take it down to $102.1 million.

I think $10 million in room for renegotiations is reasonable, so after that figure we're at about $92.1 million. Then we appear to be close to getting Rock signed, we tendered Dockery, tendered Chris Clemons, and we still want to bring back Ryan Clark and Demetric Evans. I'd figure on about $3-4 million (off the top of my head estimate) for those guys. Leaving us $6 million at bare minimum to sign rookies (rookies won't cost much, we don't have a 1st rounder) and go get some free agents. We could have even more room than $6 million to work with, depending on what we do with base salary restructures.

In summary, after we resign our own FAs, I think the low estimate is $6 million, the high estimate is $10 million in the cap room we'll have to play with this year.

PWNED · 03-09-2006, 09:48 AM

ok so maybe that means NO high quality FA signings...

bigm29 · 03-09-2006, 10:10 AM

im so tired of guessing. free agency needs to start now!

Schneed10 · 03-09-2006, 10:17 AM

Quote:

Originally Posted by PWNED

ok so maybe that means NO high quality FA signings...

It's enough to get a couple guys here and there, but I don't think you're going to see a huge signing. First it's not Gibbs' style. But more than that, I think the Skins are just looking to fill a few holes and add to what we have in place. I think there's enough room available to add a nickel CB, OL depth, a #2 WR, and maybe a DE. But I don't think any of them will be blockbusters.

jhold4th · 03-09-2006, 11:37 AM

Quote:

Originally Posted by Schneed10

First it's not Gibbs' style. But more than that, I think the Skins are just looking to fill a few holes and add to what we have in place. I think there's enough room available to add a nickel CB, OL depth, a #2 WR, and maybe a DE. But I don't think any of them will be blockbusters.

Not sure I agree with you. When the Skins signed Wilbur Marshall, it was one of the hugest free agent signings ever, up to that point. And pretty much killed the Bears.

That Guy · 03-09-2006, 02:16 PM

Quote:

Originally Posted by FRPLG

I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.

5 years this year, 6 years next year, 5 years every year after that.

It make no sense to me either.

03-09-2006, 01:21 AM	#1
Sheriff Gonna Getcha Franchise Player Join Date: Feb 2004 Age: 45 Posts: 8,317	Available Cap Room Prior to this week, the Redskins had consumed about $115 million of cap space. Then, the Redskins cut Arrington and saved almost $4.4 million in cap space, bringing our cap figure to about $110.5 million. Various media outlets are reporting that the cap is expected to be set at roughly $102 million. Thus, we need to trim about $8.5 million to get under the cap. The Washington Post is reporting, as we all guessed, that Walt Harris, Brandon Noble, Matt Bowen, and Cory Raymer are definate cap casualties. Those cuts trim our cap by close to $6.7 million. Patrick Ramsey is going to be traded or released, bringing an addition $1.7 million in cap space. Between those cuts/trades, we will be just about at the cap limit. We might expect to cut a few more guys (e.g. Hall, Tupa, Thrash). I would guess that we'll save a few million ($2-4) more there. The Washington Post is also reporting that, with the new CBA, the Redskins also now have the option of converting about $13.5 million of total roster bonuses due to eight players into signing bonuses for cap purposes, which would create another $10 million in 2006 savings. A few other routine contract restructurings with high-salaried players like quarterback Mark Brunell and tackle Jon Jansen would create more space (possibly $2-4 million). So, right now, I would guess that we will have somewhere between $10-$18 million in cap room. That's a lot of dough. Canuck, That Guy, and other aspiring capologists, let me know what you guys think about this.

03-09-2006, 01:24 AM	#3
MTK \m/ Join Date: Feb 2004 Location: NY Age: 52 Posts: 99,518	Re: Available Cap Room Sounds like a good estimate to me RF but I'm not one of those aspiring capologists you refer to. __________________ Support The Warpath! \| Warpath Shop

03-09-2006, 01:39 AM	#4
FRPLG MVP Join Date: May 2004 Age: 46 Posts: 10,164	Re: Available Cap Room I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.

03-09-2006, 08:02 AM	#8
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 63 Posts: 10,672	Re: Available Cap Room this is all good but i hope the skins dont put them selves in the position they were in a couple of days ago.sign one high priced guy and thats it(or whatever works with the money)no going crazy again,thank god coach gibbs is here __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

03-09-2006, 09:35 AM	#9
PWNED The Starter Join Date: Mar 2006 Location: ZOMGZZZ!!111 Age: 32 Posts: 1,160	Re: Available Cap Room i think we'll get maybe 3-4 guys through fa __________________ 143 lbs of twisted steel and sex appeal.

03-09-2006, 01:23 AM	#2
FRPLG MVP Join Date: May 2004 Age: 46 Posts: 10,164	Re: Available Cap Room Also we can prorate bonuses longer now than when the 117(not 115) was calculated. I think the Post article alluded to this seriously diminshing our cap number.

03-09-2006, 09:48 AM	#11
PWNED The Starter Join Date: Mar 2006 Location: ZOMGZZZ!!111 Age: 32 Posts: 1,160	Re: Available Cap Room ok so maybe that means NO high quality FA signings... __________________ 143 lbs of twisted steel and sex appeal.

03-09-2006, 10:10 AM	#12
bigm29 Special Teams Join Date: Feb 2005 Location: Mt. Laurel, NJ Age: 36 Posts: 353	Re: Available Cap Room im so tired of guessing. free agency needs to start now! __________________ Hail Redskins!!!

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