Discussion in 'News Zone' started by AdamJT13, Mar 1, 2007.
Thanks for the clarification
If our rookie pool is $3.54 million, as has been reported, then it will cost us no more than $921,337 of cap room to sign all of our drafted rookies.
We used $38,663 of our rookie pool to sign our UDFAs and Jamel Richardson (from the CFL). That leaves $3,501,337 in our rookie pool. But only our first four draftees will qualify for our Top 51, and signing them will knock four players' base salaries of $360,000 each out of our Top 51. Our other four draftees won't make our Top 51, so their base salaries -- $285,000 each -- won't count against the cap for now. So, subtracting four $360,000 salaries and four $285,000 salaries from our remaining rookie pool ($3,501,337) gives us a maximum of $921,337 of cap room that will be used up when we sign all of our drafted rookies.
That would leave us at least $12,960,694 under the cap, unless we sign some other veterans before then (or release or renegotiate with any current players).
$12.9 mil. Thats plenty to lock down Romo. Adam, can you stagger how much of a hit you spread the bonus over- like 5 mill the first year and then 3 mill each year after? I know you made the point about spreading it out- BUT also if you have the space this year to take more of it- then do so. We will have to look at signing Newman and maybe some other guys next year- and then Ware the year after. By taking more of the hit NOW, you will have more available in a couple of years when you might really need it.
We don't need to do that because we can push any leftover cap room forward. And by taking a bigger hit this season, you'd be reducing our available cap room next season and every year after that through 2011.
Let's say Romo gets $20 million in bonuses for a six-year deal. You want to take a $5 million hit this season and $3 million each of the next five seasons, rather than a straight $3.333 million each season. But add up the cumulative cap hits after each season, and it's more doing it your way after one season ($1.667 million more), two seasons ($1.334 million more), three seasons ($1 million more), four seasons ($666,667 more) and five seasons ($333,333 more). And they're equal after six. When you can simply push the excess amount forward each season, why would you ever want to take the cap hit sooner?
What I was thinking was maybe taking like a 7-8, or even maybe 10 mill hit this year. If say Romo gets a 22 mill bonus; say over 6 years- and 10 is taken this year. That leaves 12 million to spread over 5 more years. That extra can sometimes come in handy. Just seems to me to be the smart thing to take a big hit this year and get it out of the way. Doesn't that leave you with more flexibility in the coming years? And maybe take a bigger bite NEXT year of it. Then if the WORST happens we do not have much dead money. That actually is what I would like to do- remove as much risk as regards dead money as possible.
OK, let me explain this a different way.
Let's say we start out with $12 million cap room this season and a baseline of $8 million each season through 2012. Then we take Romo's extension into account -- let's say $22 million in bonuses for a six-year deal.
If we do it your way, Romo's bonuses count $10 million this year and $2.4 million each season from 2008 to 2012. If we do it your way, we get this --
2007 -- $2 million of cap room
2008 -- $5.6 million of cap room
2009 -- $5.6 million of cap room
2010 -- $5.6 million of cap room
2011 -- $5.6 million of cap room
2012 -- $5.6 million of cap room
Now, let's do it with a straight $3.667 million each season and the difference pushed forward after each season --
2007 -- $8.333 million of cap room
(Push $6 million forward)
2008 -- $10.333 million of cap room
(Push $4.733 million forward)
2009 -- $9.066 million of cap room
(Push $3.466 million forward)
2010 -- $7.799 million of cap room
(Push $2.199 million forward)
2011 -- $6.532 million of cap room
(Push $932,000 forward)
2012 -- $5.265 million of cap room
There's more cap room available EVERY offseason until 2012, in case we need it. And the difference in dead money is virtually negated by having the cap room to push forward.
Again, why would you want to have less money available to spend on players this season, next season, the year after that, etc., just to save a little cap room in 2012?
Never was good at algebra which is what this looks like. I guess I just thought that having more cap money available in a year or so when we would have to pony up big to resign Newman, and then a year or so later to resgin Ware would be a good thing.
And doing it your way would give us less cap room in both years.
How do we look against the cap in 2008? Who will be free agents?
to the board. Enjoy your visits!
Long time listener, first time caller. Thank you for the message!
Stephen Jones does a great job with our cap so we can remain in the hunt for players who we might need to acquire
How does our cap situation look now that we have all of our draft picks signed?
Do you think Romo will have a new contract before the season starts?
I'm not Adam, but I remember he answered this earlier in the thread. I do not have the exact dollar amount, but he did mention what it would be.
We are $12.9 million and change under the cap.
Welcome to the board..enjoy