Cap Update (8/10/2011) -- $6,674,861 under

[AdamJT13]

After restructuring the contracts of DeMarcus Ware and Miles Austin, guaranteeing (and thus prorating) Dez Bryant's $1 million roster bonus and using our three $1 million exemptions, we currently are $6,674,861 under the salary cap. Things change every day, but as of this morning (8/10/2011), we have the 17th-most cap room in the league, including more than the Eagles ($3,994,520) or Giants ($5,310,832).

We saved $6.284 million of cap room by restructuring Austin's contract, lowering his base salary from $8.54 million to $685,000 and paying him the difference as a signing bonus. Austin's cap number this year is only $2.256 million, and it's only $2.721 million next year.

We saved $5.362 million of cap room by restructuring Ware's contract, lowering his base salary from $6.7 million to $685,000, paying him the difference as a signing bonus as well as converting his $500,000 workout bonus into signing bonus. When his contract was restructured, it also eliminated the phony LTBE incentives that were put in place in 2009 to comply with the 30 Percent Rule -- $150,000 this year, $4.15 million in 2012 and $4.95 million in 2013. Along with lowering his cap number by $5.362 million this year, Ware's cap number was lowered by $2.847 million in 2012 and by $3.647 million in 2013.

We saved $750,000 of cap room this year by guaranteeing Bryant's roster bonus.

If we need more cap room for any reason, we still have plenty of ways to create it, such as restructuring Tony Romo's contract (which could save more than $5.4 million). And remember, any unused cap room can be carried over into next season without the need for exploiting the old LTBE loophole like teams used to have to do. The new CBA allows a team to carry over unused cap room simply by informing the NFL that it wants to do so 14 days before the next League Year begins.

 

[starfrombirth]

Thanks Adam. It's nice to have someone explain this to us uneducated types.

 

[CrazyCowboy]

After restructuring the contracts of DeMarcus Ware and Miles Austin, guaranteeing (and thus prorating) Dez Bryant's $1 million roster bonus and using our three $1 million exemptions, we currently are $6,674,861 under the salary cap. Things change every day, but as of this morning (8/10/2011), we have the 17th-most cap room in the league, including more than the Eagles ($3,994,520) or Giants ($5,310,832).

We saved $6.284 million of cap room by restructuring Austin's contract, lowering his base salary from $8.54 million to $685,000 and paying him the difference as a signing bonus. Austin's cap number this year is only $2.256 million, and it's only $2.721 million next year.

We saved $5.362 million of cap room by restructuring Ware's contract, lowering his base salary from $6.7 million to $685,000, paying him the difference as a signing bonus as well as converting his $500,000 workout bonus into signing bonus. When his contract was restructured, it also eliminated the phony LTBE incentives that were put in place in 2009 to comply with the 30 Percent Rule -- $150,000 this year, $4.15 million in 2012 and $4.95 million in 2013. Along with lowering his cap number by $5.362 million this year, Ware's cap number was lowered by $2.847 million in 2012 and by $3.647 million in 2013.

We saved $750,000 of cap room this year by guaranteeing Bryant's roster bonus.

If we need more cap room for any reason, we still have plenty of ways to create it, such as restructuring Tony Romo's contract (which could save more than $5.4 million). And remember, any unused cap room can be carried over into next season without the need for exploiting the old LTBE loophole like teams used to have to do. The new CBA allows a team to carry over unused cap room simply by informing the NFL that it wants to do so 14 days before the next League Year begins.

AdamJT13,

It is awesome how you put together all of the Salary Cap information for our team.....thank you

Question: Do you work for the Cowboys? Or, how do you get access to all of this financial information?

Just curious only.

 

[Mansta54]

You do a great job keeping the board informed regarding the numbers. It's much appreciated!!

 

[Manwiththeplan]

hey adam, please check your PMs. you may not have enough info to asnwer, but any light you can shed would be appreciated

 

[tupperware]

If this is indeed the case there is no excuse in saying we can't afford help in positions of need. Namely, OG.

 

[tupperware]

hey adam, please check your PMs. you may not have enough info to asnwer, but any light you can shed would be appreciated

No, he cannot get you out of debt.

 

[Manwiththeplan]

No, he cannot get you out of debt.

 

[SkinsFan28]

The cap seems just as soft as it always has been. Thanks Adam for the note about being able to roll cap room over to the next year, I hadn't heard that.

I think things will get really interesting once team minimum cash spending comes into play in a few years, but overall, the salary cap should never be a reason not to address areas of team needs.

 

[Bryan8284]

Great news. I imagine we will try our best to roll a good chunk of this forward to help in next year with all the dead money and safety needs.

 

[Ken]

Awesome stuff, thanks Adam!

 

[tupperware]

Perhaps a simplistic question, but I'm a big idiot when it comes to these kind of things.

If a cap is in place and you can simply skate around it by fronting money to players and restructuring contracts, how does it prevent lucrative teams/owners from loading up on talent?

 

[VACowboy]

Fantastic stuff, as always, Adam. Thanks!

 

[casmith07]

But Jerry Is Broke/can't Manage The Cap!!! </chickenlittle>

Awesome as always, Adam. If you're ever in DC look me up I know an outstanding steakhouse!

 

[Mansta54]

But Jerry Is Broke/can't Manage The Cap!!! </chickenlittle>

Awesome as always, Adam. If you're ever in DC look me up I know an outstanding steakhouse!

Help me out dude, what's the name of that steakhouse and where?

 

[Bowdown27]

Glad we are under the cap. Now if we really need to male some moves we can with no worries

 

[Cowboys22]

Adam, why wouldn't they do everything they can to create as much cap space as possible so that whatever they don't decide to use can be carries forward to next year to help negate some of that dead money? That just seems logical to me. Am I missing something or do you expect that they will do just that at some point this year?

 

[Sandyf]

Thanks Adam. So if I understand it correctly unless we need to sign someone else, we would carry that money over into 2012 which would lessen our dead money for 2012 and then if needed we could restructure Romo next year if we needed it to sign anyone.

By estimation in 2012, Brooking will be gone and probably Holland. James and Spencer are in the last year of their contracts and if I read the contracts via various sources we are already under the cap next year even with the dead money.

Is that about accurate?

 

[adbutcher]

I don't believe it until I see the sensationalist headline from ESPN or DMN.

 

[Kangaroo]

After restructuring the contracts of DeMarcus Ware and Miles Austin, guaranteeing (and thus prorating) Dez Bryant's $1 million roster bonus and using our three $1 million exemptions, we currently are $6,674,861 under the salary cap. Things change every day, but as of this morning (8/10/2011), we have the 17th-most cap room in the league, including more than the Eagles ($3,994,520) or Giants ($5,310,832).

We saved $6.284 million of cap room by restructuring Austin's contract, lowering his base salary from $8.54 million to $685,000 and paying him the difference as a signing bonus. Austin's cap number this year is only $2.256 million, and it's only $2.721 million next year.

We saved $5.362 million of cap room by restructuring Ware's contract, lowering his base salary from $6.7 million to $685,000, paying him the difference as a signing bonus as well as converting his $500,000 workout bonus into signing bonus. When his contract was restructured, it also eliminated the phony LTBE incentives that were put in place in 2009 to comply with the 30 Percent Rule -- $150,000 this year, $4.15 million in 2012 and $4.95 million in 2013. Along with lowering his cap number by $5.362 million this year, Ware's cap number was lowered by $2.847 million in 2012 and by $3.647 million in 2013.

We saved $750,000 of cap room this year by guaranteeing Bryant's roster bonus.

If we need more cap room for any reason, we still have plenty of ways to create it, such as restructuring Tony Romo's contract (which could save more than $5.4 million). And remember, any unused cap room can be carried over into next season without the need for exploiting the old LTBE loophole like teams used to have to do. The new CBA allows a team to carry over unused cap room simply by informing the NFL that it wants to do so 14 days before the next League Year begins.

Wait Adam this can not be true because the Cowboys have no money to sign any free agents.