Available Cap Room
 

Prior to this week, the Redskins had consumed about $115 million of cap space. Then, the Redskins cut Arrington and saved almost $4.4 million in cap space, bringing our cap figure to about $110.5 million. Various media outlets are reporting that the cap is expected to be set at roughly $102 million. Thus, we need to trim about $8.5 million to get under the cap.

The Washington Post is reporting, as we all guessed, that Walt Harris, Brandon Noble, Matt Bowen, and Cory Raymer are definate cap casualties. Those cuts trim our cap by close to $6.7 million. Patrick Ramsey is going to be traded or released, bringing an addition $1.7 million in cap space. Between those cuts/trades, we will be just about at the cap limit. We might expect to cut a few more guys (e.g. Hall, Tupa, Thrash). I would guess that we'll save a few million ($2-4) more there.

The Washington Post is also reporting that, with the new CBA, the Redskins also now have the option of converting about $13.5 million of total roster bonuses due to eight players into signing bonuses for cap purposes, which would create another $10 million in 2006 savings. A few other routine contract restructurings with high-salaried players like quarterback Mark Brunell and tackle Jon Jansen would create more space (possibly $2-4 million).

So, right now, I would guess that we will have somewhere between $10-$18 million in cap room. That's a lot of dough.


Canuck, That Guy, and other aspiring capologists, let me know what you guys think about this.

Re: Available Cap Room
 

Also we can prorate bonuses longer now than when the 117(not 115) was calculated. I think the Post article alluded to this seriously diminshing our cap number.

Re: Available Cap Room
 

Sounds like a good estimate to me RF but I'm not one of those aspiring capologists you refer to.

Re: Available Cap Room
 

I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.

Re: Available Cap Room
 

[QUOTE=FRPLG]I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.[/QUOTE]

Yeah, the WP said converting roster bonuses that are due to signing bonuses would save us about $10 million. I mentioned it in my first post, but should have made it more prominent.

Re: Available Cap Room
 

[QUOTE=Ramseyfan]Yeah, the WP said converting roster bonuses that are due to signing bonuses would save us about $10 million. I mentioned it in my first post, but should have made it more prominent.[/QUOTE]
Not just that but actually prorating current bonuses that are prorated over 4 years to 5 or 6. Maybe that's what the article meant but it is not exactly what it said.

Re: Available Cap Room
 

[QUOTE=FRPLG]I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.[/QUOTE]

"quick and dirty", like a Hot Pocket....typical FRPLG! LOL

Re: Available Cap Room
 

this is all good but i hope the skins dont put them selves in the position they were in a couple of days ago.sign one high priced guy and thats it(or whatever works with the money)no going crazy again,thank god coach gibbs is here

Re: Available Cap Room
 

i think we'll get maybe 3-4 guys through fa

Re: Available Cap Room
 

[QUOTE=Ramseyfan]Prior to this week, the Redskins had consumed about $115 million of cap space. Then, the Redskins cut Arrington and saved almost $4.4 million in cap space, bringing our cap figure to about $110.5 million. Various media outlets are reporting that the cap is expected to be set at roughly $102 million. Thus, we need to trim about $8.5 million to get under the cap.

The Washington Post is reporting, as we all guessed, that Walt Harris, Brandon Noble, Matt Bowen, and Cory Raymer are definate cap casualties. Those cuts trim our cap by close to $6.7 million. Patrick Ramsey is going to be traded or released, bringing an addition $1.7 million in cap space. Between those cuts/trades, we will be just about at the cap limit. We might expect to cut a few more guys (e.g. Hall, Tupa, Thrash). I would guess that we'll save a few million ($2-4) more there.

The Washington Post is also reporting that, with the new CBA, the Redskins also now have the option of converting about $13.5 million of total roster bonuses due to eight players into signing bonuses for cap purposes, which would create another $10 million in 2006 savings. A few other routine contract restructurings with high-salaried players like quarterback Mark Brunell and tackle Jon Jansen would create more space (possibly $2-4 million).

So, right now, I would guess that we will have somewhere between $10-$18 million in cap room. That's a lot of dough.


Canuck, That Guy, and other aspiring capologists, let me know what you guys think about this.[/QUOTE]

Your estimate sounds about right to me. The $6.7 million in cuts already happened and the Lavar move happened. So we've created $11.2 million so far, which gets us down from $115 to $103.8. Moving Ramsey out is sure to happen, so take it down to $102.1 million.

I think $10 million in room for renegotiations is reasonable, so after that figure we're at about $92.1 million. Then we appear to be close to getting Rock signed, we tendered Dockery, tendered Chris Clemons, and we still want to bring back Ryan Clark and Demetric Evans. I'd figure on about $3-4 million (off the top of my head estimate) for those guys. Leaving us $6 million at bare minimum to sign rookies (rookies won't cost much, we don't have a 1st rounder) and go get some free agents. We could have even more room than $6 million to work with, depending on what we do with base salary restructures.

In summary, after we resign our own FAs, I think the low estimate is $6 million, the high estimate is $10 million in the cap room we'll have to play with this year.

Re: Available Cap Room
 

ok so maybe that means NO high quality FA signings...

Re: Available Cap Room
 

im so tired of guessing. free agency needs to start now!

Re: Available Cap Room
 

[QUOTE=PWNED]ok so maybe that means NO high quality FA signings...[/QUOTE]

It's enough to get a couple guys here and there, but I don't think you're going to see a huge signing. First it's not Gibbs' style. But more than that, I think the Skins are just looking to fill a few holes and add to what we have in place. I think there's enough room available to add a nickel CB, OL depth, a #2 WR, and maybe a DE. But I don't think any of them will be blockbusters.

Re: Available Cap Room
 

[QUOTE=Schneed10] First it's not Gibbs' style. But more than that, I think the Skins are just looking to fill a few holes and add to what we have in place. I think there's enough room available to add a nickel CB, OL depth, a #2 WR, and maybe a DE. But I don't think any of them will be blockbusters.[/QUOTE]

Not sure I agree with you. When the Skins signed Wilbur Marshall, it was one of the hugest free agent signings ever, up to that point. And pretty much killed the Bears.

Re: Available Cap Room
 

[QUOTE=FRPLG]I did a quick and dirty excel on the longer prorating of bonuses and came up with between 9 and 13 million saved depending on whether we can prorate over 5 or 6 years now. That is HUGE.[/QUOTE]

5 years this year, 6 years next year, 5 years every year after that.

It make no sense to me either.

Re: Available Cap Room
 

$10mill is enough to get a real DE (mathis/kampman) and possibly bruce or dyson... the problem is in a couple years when their contracts bloat up and cause a similar situation. sound management can navigate that though.

does anyone have solid details on the new deal? did some cash over cap rule pass? cause if so, that seriously affects FA aquisition.

luckily lavar is off our books now. cutting brunell post june 1 would save us another 5mill this year too (and 1mill next year) ;) and leave us with one unknown at QB, joy.

Re: Available Cap Room
 

do only the top 53 contracts count on your cap?
if so that takes canucks 116.8mill down by:
[b] 4.2[/b]mill (bottom 15 contracts of a 69man roster - there are cuts, but they'll be replaced).

[b]4.4[/b]mill lavar
[b] 10.2[/b]mill cuts harris(2), noble(1.7), raymer(1), ramsey(1.7), bowen(2), tupa (600k), hall (1.2)
...(ditching hall requires a replacement beyond tyler jones obviously)
[b] 4.68[/b]mill SB re-proration samuels(2.7), rogers(.16), moss(.35), portis(.387), taylor(.42), brunell(.287), griffin(.277), rabach (.1)
....(9 players reprorate this year, 5 of which can re-prorate again next year)

[b] 116.8[/b] - [b]23.5[/b]mill = [b]93.3[/b] without turning bonuses into SB and assuming only top 53 contracts will count...

I took canuck's info and looked at all the OBonuses numbers for players, here's were i'm foggy:
It shows [b]20.856[/b]mill in bonuses between all players with contracts through 2009 or 2010 (excluding lavar) for this year. do i just take that grand total, and divide it by 5? if so, that saves [b]16.4[/b]mill this year on top of re-prorations (unless they're included in the OBonuses section). Which means 76.9 currently and 25mill under cap. [b]Is that right? I don't see how that'd be possible.[/b]

And again, Do only the top 53 contracts count towards cap?

Re: Available Cap Room
 

Unless there was a change in the new CBA, only the top 51 should count at this point.

Re: Available Cap Room
 

I thought it was 51. Schneed, Canuck?

Re: Available Cap Room
 

i thought it was 52...but i could be wrong

Re: Available Cap Room
 

and on the crazy bonus number?

Re: Available Cap Room
 

Only the top 51 count until final cutdown. Crazy has the Skins at about 115.5M for the top 51 plus dead cap on his cap page.

[url="http://www.thewarpath.net/WarpathRedskinsCap.htm"]http://www.thewarpath.net/WarpathRedskinsCap.htm[/url]

The cap rose 7.5M but minimum salaries rose 40K per player so that will eat up about 2M of the cap increase.

When a player gets cut another player moves into the top 51 at a 350K salary partially offsetting the cap savings. That's called the rule of 51.

The CBA extension brought about 6M of immediate cap relief to the Skins because LTBE'd incentives in contracts for several players which were there to meet the 30% rule were canceled.

If the Skins restructure contracts for all their biggest salary players and guarantee all their roster boni they can likely get to about 15M under the cap.

20M cap deficit

-5.5M net increase in cap
-6.0M LTBE'd
-9M in cuts Arrington plus the 7 mentioned the other day-RFA tenders
-8M guaranteed roster boni
-6.5M restructures

35M-20M=15M

FWIW..Cash over cap measures make it risky to depend on future increases so I don't see them guaranteeing Springs bonus or restructuring contracts for Brunell Jansen and Thomas which would cut that number by more than 1/2.

Re: Available Cap Room
 

Good post, Pocono.