The Archuleta cap hit question.

bedlamVR · 03-21-2007, 09:18 AM

I have a question for the cap gurus ... Just what has Archuleta cost us cap wise?

If we trade a player then is the salary taken off the cap as if he had been cut ?

Because if it does then assuming we can/do use a June 1st exemption on Archuleta and split the hit over two years then we would take the pro rated hit from this year of his orrigional signing bonus over the 6 years of the contract $0.833 this year (a saving of $1.59million on the hit from this year and then take the rest of the hit in 2008
($3.32million - about the same as his cap would have been next season if he was on the team)

*Edit not sure about a roster bonus he was due in 2006 $3million weather we took it as a single hit or spread it as a signing bonus.

I am making a ton of assumtions in this like the initial signing bonus was pro-rated over 6 years (the maximum) i think and that the orrigional bonus was $5 million . The $10 million signing bonus that is widly reported comes from the 2 $5 million signing bonuses spaced a year apart.

Also given we never took up the option of the second bonus and he was traded before the deadline wich would have triggured the poison pill (X number of the following years salaries would become garunteed) then it is as if it never exisited.

If this is true, and I really think I have messed up somewhere (possibly the 2007 roster bonus), then not only did the Redskins get a pick for a benchwarmer back away from a locker room problem and clear some cap space in the bargin, not just now but in the future as well.

MTK · 03-21-2007, 09:35 AM

It's still too early to tell what the cap implications are, but Schneed10 posted this in another thread

Quote:

Regarding Archuleta's contract, did you guys notice that his deal with Chicago will include $5 million in guarantees? So says the ESPN article.

$5 million is exactly what we owed him tomorrow when the second half of his guaranteed money was due to him.

I await the numbers from La Canfora, but I'd venture to guess that somehow the Skins managed to transfer that $5 million payment over to the Bears. If true, the 'Skins would be taking a $4 million dead cap hit this year on Archuleta, meaning making the trade only ate up $1.7 million of incremental cap space, meaning we'd be sitting here with about $8 million in 2007 cap space.

Maybe CC knows if such a transfer of guaranteed payments can be done under the new collective bargaining agreement?

It bears watching. But if I had to bet, I'd guess that we are not eating the full $9 million in dead cap money. I think we probably got out of some of that somehow.

Curious that all rumblings regarding Dre Bly have been silent to this point... if we've resolved Archuleta without taking a huge cap hit from him then the door is open for Mr. Bly.

ALL SPECULATION ON MY PART. But my speculation is probably more accurate than anything on PFT!

Schneed10 · 03-21-2007, 10:17 AM

Quote:

Originally Posted by Mattyk72

It's still too early to tell what the cap implications are, but Schneed10 posted this in another thread

To update myself, it appears that I was correct in that post. Per the WP's article:

Quote:

The Redskins and Archuleta agreed to postpone his original deadline of March 12 to receive his bonus payment in order to facilitate a trade, and the Bears, whose coach, Lovie Smith, has a strong relationship with the safety from their time together in St. Louis, ultimately agreed to pick up that $5 million payment as part of the deal, sources said, beating today's new deadline for the option.

Archuleta will get a new contract with Chicago, while the Redskins are expected to land just a sixth-round pick as compensation for a player who was drafted 20th overall in 2001. Had the Redskins executed the option and kept Archuleta as a reserve (behind starters Pierson Prioleau and Sean Taylor), he would have cost them $2.4 million against the salary cap; by dealing him, he likely will count $4 million in dead cap space, pending any other possible contract restructurings, but will be off the team's books after 2007.

He counts $4 million against our 2007 cap instead of $9 million. He would have counted $2.4 million if he played for us in 2007. So trading him ate up $1.6 million in space.

This means we now have $8 million in space to work with right now. Given that rookies will fit in $3 - $4 million in space, there clearly is a plan in place to make another major move. Look for the Bly deal to go down soon.

Schneed10 · 03-21-2007, 10:21 AM

If I can add one comment, absolutely genius move by the 'Skins.

- We cleared his contract off the 08 and 09 years, which helped immensely because our cap was getting heavy in those years.

- We got rid of a huge free agent mistake without taking a huge cap penalty.

- We actually got a 6th round pick for someone who is a complete bum in our system.

Setting up Archuleta's deal as $5 million guaranteed up front, and $5 million guaranteed one year later is what allowed us to make this move. If we had given him all $10 million up front, this move would have been impossible. Genius contract structuring by our front office, showing that they know how to plan for contingencies when going after free agents. It shows they actually put thought into what they're doing, rather than just running willy-nilly and buying up every player in sight.

Bravo, Danny, bravo.

12thMan · 03-21-2007, 10:26 AM

Quote:

Originally Posted by Schneed10

If I can add one comment, absolutely genius move by the 'Skins.

- We cleared his contract off the 08 and 09 years, which helped immensely because our cap was getting heavy in those years.

- We got rid of a huge free agent mistake without taking a huge cap penalty.

- We actually got a 6th round pick for someone who is a complete bum in our system.

Setting up Archuleta's deal as $5 million guaranteed up front, and $5 million guaranteed one year later is what allowed us to make this move. If we had given him all $10 million up front, this move would have been impossible. Genius contract structuring by our front office, showing that they know how to plan for contingencies when going after free agents. It shows they actually put thought into what they're doing, rather than just running willy-nilly and buying up every player in sight.

Bravo, Danny, bravo.

Schneed, I'm sure it's been said before, but I appreciate the value you add to this sight. Same goes for CC and ThatGuy...and all the other resident Capologists.

Schneed10 · 03-21-2007, 10:33 AM

Quote:

Originally Posted by 12thMan

Schneed, I'm sure it's been said before, but I appreciate the value you add to this sight. Same goes for CC and ThatGuy...and all the other resident Capologists.

Aw thanks. That was nice. CC taught me just about everything I know, I just studied his cap sheets in excel.

If I can say so, I love this site cuz everyone adds value, whether linking to valid news stories, giving solid football analysis, salary capping it up, posting scouting reports on rookies, etc. Plus know what I love most? Our ability to recognize bogus rumors and avoid becoming one of those sites that perpetuates ridiculous rumors.

Anyway, I love everybody.

ArtMonkDrillz · 03-21-2007, 10:38 AM

Quote:

Originally Posted by Schneed10

Plus know what I love most? Our ability to recognize bogus rumors and avoid becoming one of those sites that perpetuates ridiculous rumors.

Anyway, I love everybody.

Hey, did you know that MSNBC.com's mock draft has us taking Adrian Peterson and then trading Portis for picks? I think that's exactly what we're going to do; we'll take Calvin Johnson with the picks that we get for Portis and then we'll go undefeated for the next 8 seasons. It'll be sweet!

j/k

Good work on the cap info. It's nice to know that this isn't going to be one of the situations where we have to pay someone who isn't on the team for years to come.

johnjaywilliams · 03-21-2007, 10:41 AM

now we can draft that LUS safety

MTK · 03-21-2007, 10:42 AM

Quote:

Originally Posted by ArtMonkDrillz

Hey, did you know that MSNBC.com's mock draft has us taking Adrian Peterson and then trading Portis for picks? I think that's exactly what we're going to do; we'll take Calvin Johnson with the picks that we get for Portis and then we'll go undefeated for the next 8 seasons. It'll be sweet!

j/k

Good work on the cap info. It's nice to know that this isn't going to be one of the situations where we have to pay someone who isn't on the team for years to come.

Wow, what a retarded mock.

skinsfan242 · 03-21-2007, 10:49 AM

Great move by the Skins, considering the circumstance. Not only that O. Stoutmire played really well here. Although the signing was bad, this was the best scernario we could have possibly had.

irish · 03-21-2007, 10:49 AM

Quote:

Originally Posted by Schneed10

If I can add one comment, absolutely genius move by the 'Skins.

- We cleared his contract off the 08 and 09 years, which helped immensely because our cap was getting heavy in those years.

- We got rid of a huge free agent mistake without taking a huge cap penalty.

- We actually got a 6th round pick for someone who is a complete bum in our system.

Setting up Archuleta's deal as $5 million guaranteed up front, and $5 million guaranteed one year later is what allowed us to make this move. If we had given him all $10 million up front, this move would have been impossible. Genius contract structuring by our front office, showing that they know how to plan for contingencies when going after free agents. It shows they actually put thought into what they're doing, rather than just running willy-nilly and buying up every player in sight.

Bravo, Danny, bravo.

Too bad the skins are not as good at evaluating players as they are at structuring contracts. Unfortunately this is what we have been reduced to as skins fan, complementing our great contract structures.

irish · 03-21-2007, 10:54 AM

Quote:

Originally Posted by Mattyk72

Wow, what a retarded mock.

I think this could happen (because nothing this team does could surprise me) but I think getting decent picks for CP would be the hard part. As I said before, CP is now damaged good and I dont think his value is nearly as high as the skins think it is.

Schneed10 · 03-21-2007, 10:55 AM

Quote:

Originally Posted by irish

Too bad the skins are not as good at evaluating players as they are at structuring contracts. Unfortunately this is what we have been reduced to as skins fan, complementing our great contract structures.

Yeah that's true. If we could just get the right players in the first place...

dmek25 · 03-21-2007, 11:18 AM

Quote:

Originally Posted by Schneed10

Aw thanks. That was nice.

Anyway, I love everybody.

who stole schneeds screen name? this cant be the real deal, showing all this love. and good morning

Schneed10 · 03-21-2007, 11:26 AM

Quote:

Originally Posted by dmek25

who stole schneeds screen name? this cant be the real deal, showing all this love. and good morning

I guess I'm just not a morning person, LOL.

Good morning, harumph harumph.

03-21-2007, 09:18 AM	#1
bedlamVR Special Teams Join Date: Apr 2004 Posts: 389	The Archuleta cap hit question. I have a question for the cap gurus ... Just what has Archuleta cost us cap wise? If we trade a player then is the salary taken off the cap as if he had been cut ? Because if it does then assuming we can/do use a June 1st exemption on Archuleta and split the hit over two years then we would take the pro rated hit from this year of his orrigional signing bonus over the 6 years of the contract $0.833 this year (a saving of $1.59million on the hit from this year and then take the rest of the hit in 2008 ($3.32million - about the same as his cap would have been next season if he was on the team) *Edit not sure about a roster bonus he was due in 2006 $3million weather we took it as a single hit or spread it as a signing bonus. I am making a ton of assumtions in this like the initial signing bonus was pro-rated over 6 years (the maximum) i think and that the orrigional bonus was $5 million . The $10 million signing bonus that is widly reported comes from the 2 $5 million signing bonuses spaced a year apart. Also given we never took up the option of the second bonus and he was traded before the deadline wich would have triggured the poison pill (X number of the following years salaries would become garunteed) then it is as if it never exisited. If this is true, and I really think I have messed up somewhere (possibly the 2007 roster bonus), then not only did the Redskins get a pick for a benchwarmer back away from a locker room problem and clear some cap space in the bargin, not just now but in the future as well.

03-21-2007, 10:21 AM	#4
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 45 Posts: 12,421	Re: The Archuleta cap hit question. If I can add one comment, absolutely genius move by the 'Skins. - We cleared his contract off the 08 and 09 years, which helped immensely because our cap was getting heavy in those years. - We got rid of a huge free agent mistake without taking a huge cap penalty. - We actually got a 6th round pick for someone who is a complete bum in our system. Setting up Archuleta's deal as $5 million guaranteed up front, and $5 million guaranteed one year later is what allowed us to make this move. If we had given him all $10 million up front, this move would have been impossible. Genius contract structuring by our front office, showing that they know how to plan for contingencies when going after free agents. It shows they actually put thought into what they're doing, rather than just running willy-nilly and buying up every player in sight. Bravo, Danny, bravo. __________________ God made certain people to play football. He was one of them.

03-21-2007, 10:41 AM	#8
johnjaywilliams Camp Scrub Join Date: Feb 2007 Posts: 28	Re: The Archuleta cap hit question. now we can draft that LUS safety

03-21-2007, 10:49 AM	#10
skinsfan242 Special Teams Join Date: Feb 2007 Posts: 152	Re: The Archuleta cap hit question. Great move by the Skins, considering the circumstance. Not only that O. Stoutmire played really well here. Although the signing was bad, this was the best scernario we could have possibly had.

The Archuleta cap hit question.

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