2012 Salary Cap Update Post #107 - (08/21/2012) -- $5,137,214 under

[AdamJT13]

Originally Posted by Beast_from_East

Our dead money is going to drop from $30 million to $2 million next season?

That will go up when we cut players after June 1, such as during training camp.

[burmafrd]

Roy $8 Million
Bigg, Colombo and MB all $4 million each. $20 million right there.

Bigg was too expensive and MB should not have been resigned. THen of course Roy. Those three huge mistakes- without them we could have done so much better.

But on the other hand there was no one around to tell Jerruh otherwise at that time.

[AdamJT13]

Update (4/30/2012) -- After signing Jeremy Parnell to a three-year contract and before handing out UDFA bonuses, we are $1,680,856 under the cap. The UDFA bonuses will count no more than $25,000 against this year's cap. Also, our standard offseason workout bonuses should hit the cap soon. With 60 players under contract, that should use about $334,800 of cap room -- the actual number will be adjusted after the workout program ends, based on who missed any days.

The rookie pool has not been announced, but if it did not increase or increased very little from last year, our rookie pool should be set at about $5.64 million. If so, then signing all of our rookies would use up no more than $2.685 million of cap room. It should be noted that trading up for Claiborne increased the offseason cap cost of our rookies by about $880,000.

Finally, remember that Terence Newman's base salary comes off the books on June 2, which will give us $6.016 million more cap room. None of our draft picks will need to be signed before then.

[Hostile]

Originally Posted by AdamJT13

Update (4/30/2012) -- After signing Jeremy Parnell to a three-year contract and before handing out UDFA bonuses, we are $1,680,856 under the cap. The UDFA bonuses will count no more than $25,000 against this year's cap. Also, our standard offseason workout bonuses should hit the cap soon. With 60 players under contract, that should use about $334,800 of cap room -- the actual number will be adjusted after the workout program ends, based on who missed any days.

The rookie pool has not been announced, but if it did not increase or increased very little from last year, our rookie pool should be set at about $5.64 million. If so, then signing all of our rookies would use up no more than $2.685 million of cap room. It should be noted that trading up for Claiborne increased the offseason cap cost of our rookies by about $880,000.

[View Full Quote]Finally, remember that Terence Newman's base salary comes off the books on June 2, which will give us $6.016 million more cap room. None of our draft picks will need to be signed before then.

There is also a possibility of a long term deal for Spencer which could take more off I believe.

[AdamJT13]

Originally Posted by Hostile

There is also a possibility of a long term deal for Spencer which could take more off I believe.

That is correct.

[AdamJT13]

By the way, Parnell's cap numbers are $873,333 for this season, $1,356,421 for 2013 and $1,833,334 for 2014. His signing bonus was $1 million. He also has escalators for 2013 and 2014.

[AdamJT13]

Our rookie pool reportedly has been set at $5,714,522. That means we will use no more than $2,684,522 of cap room to sign all of our rookies.

[AdamJT13]

Update (5/10/2012) -- After signing 21 UDFAs, claiming Akwasi Owusu-Ansah and Jake Rogers off waivers and releasing Brashton Satele, we currently are $2,045,361 under the cap. We will need no more than
$2,659,022 of cap room to sign all of our draft picks -- and almost all of that (roughly $2.5 million) will come from signing Claiborne. None of the others will use more than about $75,000 of cap room, and signing Matt Johnson should reduce our cap room by no more than $146. (Yes, $146.)

I should note that Terence Newman still counts as one of our Top 51 until June 2, which is a change from my previous updates. The way that post-June 1 designated players are treated in regard to the Top 51 isn't clearly stated in the CBA, but I think I've been able to clarify it through a former GM. Some sources within the league don't treat post-June 1 releases correctly, which is why our cap room has been reported as being $465,000 less in some places than in others. On June 2, Newman's cap number will drop from $8.016 million to $2 million and he will be replaced in our Top 51 by a player who has a $465,000 base salary, so our net cap savings on June 2 for Newman will end up being $5.551 million.

[Woods]

Originally Posted by AdamJT13

Update (5/10/2012) -- After signing 21 UDFAs, claiming Akwasi Owusu-Ansah and Jake Rogers off waivers and releasing Brashton Satele, we currently are $2,045,361 under the cap. We will need no more than
$2,659,022 of cap room to sign all of our draft picks -- and almost all of that (roughly $2.5 million) will come from signing Claiborne. None of the others will use more than about $75,000 of cap room, and signing Matt Johnson should reduce our cap room by no more than $146. (Yes, $146.)

[View Full Quote]I should note that Terence Newman still counts as one of our Top 51 until June 2, which is a change from my previous updates. The way that post-June 1 designated players are treated in regard to the Top 51 isn't clearly stated in the CBA, but I think I've been able to clarify it through a former GM. Some sources within the league don't treat post-June 1 releases correctly, which is why our cap room has been reported as being $465,000 less in some places than in others. On June 2, Newman's cap number will drop from $8.016 million to $2 million and he will be replaced in our Top 51 by a player who has a $465,000 base salary, so our net cap savings on June 2 for Newman will end up being $5.551 million.

That's great stuff, Adam.

And assuming that Coleman is also upgraded this pre-season (reasonable possibility), along with the Newman savings, and maybe a long-term deal for Spencer, we'll be in really good shape if we want to extend guys like Lissemore, F Jones, M Jenkins, etc.

Let's hope we get back the cap money that was taken away from us as well!

[Fla Cowpoke]

So almost 7.6 m once June 1st hits. We will have a little space in the event we decide to do a little bargain shopping or have an injury. Would have been nice to have that extra 5m that the league took away.

Good to see we are sitting in decent shape after all that we have done and that next year we should be in even better shape.

[AdamJT13]

Update (5/10/2012) -- After releasing Troy Woolfolk and signing Ben Bass and Jamize Olawale, we are $2,044,361 under the cap. Neither Bass nor Olawale got a signing bonus.

Also, our reported rookie pool of $5,714,522 DOES NOT include the undrafted rookie reservation of $25,528, it's only the pool for the draft picks. Therefore, our total rookie pool is $5,740,050. If we use every dollar for our draft picks, signing them will use up $2,684,522 of cap room. As I stated before, almost all of this will come from signing Claiborne. Signing our other six picks will have very little effect on the salary cap, because of the Top 51 Rule.

All of this means that after Newman's release becomes official and we sign all of our draft picks, we should have about $4,910,839 of cap room left if everything else remains the same.

[Doomsday101]

Originally Posted by AdamJT13

Update (5/10/2012) -- After releasing Troy Woolfolk and signing Ben Bass and Jamize Olawale, we are $2,044,361 under the cap. Neither Bass nor Olawale got a signing bonus.

Also, our reported rookie pool of $5,714,522 DOES NOT include the undrafted rookie reservation of $25,528, it's only the pool for the draft picks. Therefore, our total rookie pool is $5,740,050. If we use every dollar for our draft picks, signing them will use up $2,684,522 of cap room. As I stated before, almost all of this will come from signing Claiborne. Signing our other six picks will have very little effect on the salary cap, because of the Top 51 Rule.

All of this means that after Newman's release becomes official and we sign all of our draft picks, we should have about $4,910,839 of cap room left if everything else remains the same.

But then that number changes once we go from 90 players to 53?

[AdamJT13]

Originally Posted by Doomsday101

But then that number changes once we go from 90 players to 53?

Yes, it could go up or down based on whatever moves we make.

[CoCo]

Originally Posted by AdamJT13

Yes, it could go up or down based on whatever moves we make.

The only way that cost goes up is if we make a roster addition whose cost falls in our Top 51 or we redo someone's deal to be more costly in 2012.

It goes down by cutting loose guys currently in our Top 51 or redoing one of those Top 51 deals to lessen the 2012 cap hit.

Right?

[Afigueroa22]

Originally Posted by rojan

So we can't use the money from the Newman release until June 2nd? Is there anyway to structure contracts to work around that if we had to?

How much will Newman count against our cap next year?

Your sig threw some salt on my open wound!