Redskins 2012 Salary Cap Status

ha, it's starting to get too warm for it, my gf actually digs it. we'll see

Move to Canada, it's mustache season all year long.

i do miss the air up there, you can't describe the clear/fresh/pureness of it with words. i haven't been in over a decade. i have family outside of toronto

Good job. I have a few discrepencies:

- Gano's 2012 salary and cap hit is $615K.

- Monty's 2012 cap hit is $1.3M. His deal is 5 years not 4. Also seems the bonus he received was treated as signing bonus after all, so the $2.75M SB gets allocated at $550K per year for 5 years. So $700K salary + $550K cap bonus + $50K workout bonus = $1.3M.

- Carriker's 2012 cap hit is $3.95M. Apparently because of the player-out-clause, the whole $3M bonus has to be expensed in 2012. So his cap hit is $700K sal + $3M bonus + $250K workout bonus = $3.95M. Thanks to PCinOZ for this info.

- Grossman's salary is $920K but he qualifies for vet min ($540K). So his cap hit is $540K sal + $65K signing bonus = $605K.

- Scott's salary and cap hit is $700K.

- I have Garcon's cap hit at $4.7M including a $400K roster bonus.

- Meriweather's 2012 salary is actually $1.45M so his cap hit is $1.85M. (don't mean to nitpick)I was going to ask you about both those things, particularly the vet exemption on Grossman because it seemed weird that you would have him down below the vet minimum for a player with 9 accrued seasons on your cap sheet. My Grossman # was a guesstimate based off the vet minimum and signing bonus.

I read that Carriker thing in the CBA two nights ago and it didn't really make a lot of sense to me why the Redskins would do that when they're writing all these five year deals that void after two, so I didn't adjust. But your number on him makes more sense than mine after having read that. Still doesn't really pass the logic test though.

I always have a hard time finding out which league year roster bonuses are in, so most discrepancies between my numbers and NFLPA data has to do with roster bonus placement.

I'll correct everything in a subsequent post.

I was going to ask you about both those things, particularly the vet exemption on Grossman because it seemed weird that you would have him down below the vet minimum for a player with 9 accrued seasons on your cap sheet. My Grossman # was a guesstimate based off the vet minimum and signing bonus.

I read that Carriker thing in the CBA two nights ago and it didn't really make a lot of sense to me why the Redskins would do that when they're writing all these five year deals that void after two, so I didn't adjust. But your number on him makes more sense than mine after having read that. Still doesn't really pass the logic test though.

I always have a hard time finding out which league year roster bonuses are in, so most discrepancies between my numbers and NFLPA data has to do with roster bonus placement.

I'll correct everything in a subsequent post.

- Grossman - his salary is $920K and his contract seems to meet the criteria for vet min exemption (1 year deal, small signing bonus, etc.). So makes sense I think.

- Ya I noticed the Carriker item on PC's sheets, then it was discussed further in the Yahoo capologists group. A few capologists agree this is the proper accounting method. Though I agree it seems strange considering how they've constructed other recent deals.

- NFLPA only gives salary info. Signing bonus and roster bonus info is always harder to come by. Generally I start with the salary data, then try to fill in the blanks from there.

**UPDATED (March 23, 2012)** Redskins 2012 Salary Cap Info

2012 Salary Cap Situation
1. Salary Cap Projection = $124 million $120.375 million $120.6 million <-- Small salary cap increase
2a. Number of players under contract for the Redskins = 47 56 54 58
2b. Redskins Cap Number, March 2 2012 = $86.3 million $93.1 million
2c. Difference between adjusted 2012 cap number and projected cap = $27.5 million
2d. Redskins 2011 Salary Cap Rollover = $13 million
3. Salary Cap space, February 2012 + cap rollover = $40.5 million

4. Potential player releases from $90 million cap number (plus 390k UDFA val):
DeAngelo Hall, $6.2 million-390k = $5.8 million net gain
O.J. Atogwe, $4.0 million-390k = $3.6 million net gain CONFIRMED
Jammal Brown, -$650k-390k = -$1.04 million [net loss]
John Beck, $1 million-390k = $0.6 million net gain
Mike Sellers, $925k-390k = $0.55 million net gain CONFIRMED
Reed Doughty, $1.15 million-390k = $0.76 million net gain
Santana Moss, $484k-390k = $0.1 million net gain
Chris Cooley, $2.07 million-390k = $1.68 million net gain

Total = $13.94 million retrievable

4b. Actual Cap Retrieved from Player Releases/Restructures: $4.15 million

5. Space for potential releases PLUS existing cap space = $55.84 million available (does not include June 1 release flexibility)

6a. Rule of 51 = 4 contracts at league min (390k) = $1.56 million <--the Redskins now have more than 51 players under contract
6b. Redskins Exclusive Rights Free Agents, less UDFA rookie minimum (375k per)
Graham Gano, 2012 Cap Number = $0.615 million-390k = $0.225 million

Total as of January 17 = $225k

6c. Redskins Restricted Free Agents, less UDFA rookie minimum (375k per)
Kory Lichtensteiger, 2012 Cap Number = $1.875 million-390k = $1.5 million (projected 2nd round tender) $1.2 million-390k = $0.81 million (original round (4th) tender) CONFIRMED
Byron Westbrook, 2012 Cap Number = $1.2 million-390k = $0.825 million (projected low tender) <-- Rich Tandler reports Redskins will not offer RFA tender to Westbrook

Total as of March 11 = $0.81 million

6d. Redskins Unrestricted Free Agents and PROJECTED CAP FIGURES, less UDFA rookie minimum (390k per):
London Fletcher, 2012 Cap Number = $5.67 million-390k = $5.28 million
Fred Davis, 2012 FRANCHISE TENDER = $5.446 million-390k = $5.056 million CONFIRMED
Will Montgomery, 2012 Cap Number = $1.3 million-390k =$0.91 million CONFIRMED
Adam Carriker, 2012 Cap Number = $3.95 million-390k = $3.56 million CONFIRMED
Tim Hightower, 2012 Cap Number = $1.5 million-390k = $1.11 million
Rex Grossman, 2012 Cap Number = $0.605 million-390k = $0.215 million CONFIRMED
Kedric Golston, 2012 Cap Number = $0.815 million -390k = $0.425 million
Darrion Scott, 2012 Cap Number = $700k-$390k =$310k CONFIRMED

LaRon Landry <-- Signed/NYJ for 1 yr/$3.5 ($1.75 guaranteed)
Rocky McIntosh
Donte Stallworth <-- Signed/NE for 1 yr/$0.9 million ($25k guaranteed)
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook

PROJECTED Total as of January 17 = $20.085 million <--Removed Landry's projection
PROJECTED Total as of March 2 = $18.911 million March 13 = $17.086 million March 23 = $18.691
ACCUMULATED Total as of March 2 = $9.489 million March 13 = $10.696 million March 23 = $11.876

6f. Accumulated re-signings = $11.876 million
Projected additional re-signings (Fletcher, Golston, and Hightower) = $6.845 million

7. Signed unrestricted free agents from other teams:

Pierre Garcon: $4.7 million-390k = $4.31 million CONFIRMED
Josh Morgan: $3.1 million-390k = $2.71 million CONFIRMED
Brandon Meriweather: $1.85 million-390k = $1.46 million CONFIRMED
Cedric Griffin: $2.5 million-390k = $2.11 million (unconfirmed)

Total as of the evening of March 23rd: $10.59 million

8. 2012 NFL-enforced salary cap sanction: ($18 million)

9. Salary Cap space after projected re-signings, March 23, 2012 =$15.355 million - $18 million = (2.645 million)
Actual salary cap space as of March 23, 2012: $4.17 million

10. Estimated 2012 Rookie Cap Allowance = $5.75 million

Actual cap minus rookie cap = $(1.58 million)

- Grossman - his salary is $920K and his contract seems to meet the criteria for vet min exemption (1 year deal, small signing bonus, etc.). So makes sense I think.

- Ya I noticed the Carriker item on PC's sheets, then it was discussed further in the Yahoo capologists group. A few capologists agree this is the proper accounting method. Though I agree it seems strange considering how they've constructed other recent deals.

- NFLPA only gives salary info. Signing bonus and roster bonus info is always harder to come by. Generally I start with the salary data, then try to fill in the blanks from there.It's all good stuff. I waited like a week to do an update, because I couldn't get confirmation on any of the relevant numbers. How often does the NFLPA typically update it's salary records?

CC, what do you know about Cedric Griffin's deal, in terms of the percentage of base salary vs. the percentage of incentives.

It's all good stuff. I waited like a week to do an update, because I couldn't get confirmation on any of the relevant numbers. How often does the NFLPA typically update it's salary records?

Usually takes a few days to make it from the press to NFLPA's site. However the bigger problem is getting access to NFLPA at all. They shut down the site hard a while back so it's difficult to get access these days. My account was shut out too, but as SS always says, "I have my sources".

CC, what do you know about Cedric Griffin's deal, in terms of the percentage of base salary vs. the percentage of incentives.

Well it's a 1-year $2.5M deal. All sources seem to agree with this.

But his actual salary is only $1.25M. So my guess is they gave him half in salary and half as a roster bonus/LTBE incentives etc. It all gets treated the same for cap purposes anyways.

I just figured if there was a player on the roster who had a NLTBE incentive in his contract, it'd be him.