Warpath - Redskins 2011 Salary Cap Status

[B]**UPDATED (January 17, 2012)** Redskins 2012 Salary Cap Info[/B]

[U]2012 Salary Cap Situation[/U]
1. Salary Cap Projection = $124 million
2a. Number of players under contract for the Redskins = 47
2b. Redskins Cap Number, January 2011 = $86.3 million
[B]3. Salary Cap space, January 2011 + exemption = $37.7 million[/B]

4. Potential player releases from $86.3 million cap number (plus 375k UDFA val):[INDENT]DeAngelo Hall, $6.2 million-375k = $5.8 million net gain
O.J. Atogwe, $2.3 million-375k = $1.9 million net gain
Jammal Brown, -$650k-375k = -$1.0 million [net loss]
John Beck, $1 million-375k = $0.6 million net gain
Mike Sellers, $925k-375k = $0.55 million net gain
Reed Doughty, $1.15 million+375k = $0.8 million net gain
Santana Moss, $484k-375k = $0.11 million net gain
Chris Cooley, $2.07 million-375k = $1.69 million net gain

Total = $10.45 million retrievable[/INDENT]
5. Space for potential releases PLUS existing cap space = [B]$48.15 million available[/B] (does not include June 1 release flexibility)

6a. [I]Rule of 51 = 4 contracts at league min (375k) = $1.5 million[/I]
6b. Redskins Exclusive Rights Free Agents, less UDFA rookie minimum (375k per)[INDENT]Graham Gano, 2012 Cap Number = $0.6 million-375k = $0.225 million

Total as of January 17 = $225k[/INDENT]
6c. Redskins Restricted Free Agents, less UDFA rookie minimum (375k per)[INDENT]Kory Lichtensteiger, 2012 Cap Number = $1.875 million-375k = $1.5 million (projected 2nd round tender)
Byron Westbrook, 2012 Cap Number = $1.2 million-375k = $0.825 million (projected low tender)

Total as of January 17 = $2.325 million[/INDENT]
6d. Redskins Unrestricted Free Agents and PROJECTED CAP FIGURES, less UDFA rookie minimum (375k per):[INDENT]London Fletcher, 2011 Cap Number = $5.67 million-375k = $5.3 million
LaRon Landry, 2011 Cap Number = $6.45 million-375k = $6.08 million
Fred Davis, 2011 Cap Number = $5.0 million-375k = $4.63 million
Adam Carriker, 2011 Cap Number = $3.25 million-375k = $2.95 million
Tim Hightower, 2011 Cap Number = $1.5 million-375k = $1.125 million

Rex Grossman
Rocky McIntosh
Kedric Golston
Donte Stallworth
David Anderson
Darrion Scott
Sean Locklear
Phillip Buchanon
Keyaron Fox

PROJECTED Total as of January 17 = $20.085 million[/INDENT]
6e. Combined (PROJECTED) Unresticted Free Agent Costs = $22.635 million

7. Signed unrestricted free agents from other teams:
[Indent] [/Indent]
Total as of January 17: N/A

8. [B]Salary Cap space after projected re-signings, January 17, 2012 [/B]=[B]$15.07 million[/B]

[I]9. Rolled-over deadcap obligation for Haynesworth/McNabb/Hicks/Rabach = up to $7.3 million

^^^ This last part depends on how the NFL handled post-lockout transactions. If they were treated as "post June 1" moves, the Redskins will have to pay deadcap on them. But the Lockout would have prevented moves between March 4 and June 1. So I expect the Redskins owe this, but can't confirm they do not.[/I]

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[B]**UPDATED (July 28, 2011)** Redskins 2011 Salary Cap Info[/B]

[U]Projected 2011 League Requirements[/U]
1. $120 million salary cap, give or take about 1/3 million
2. $3 million max cap credit for benefits to one player
3. $108 [URL="http://twitter.com/#!/SalaryCap101/status/92252478082523136"]cash expenditure requirement[/URL] (give or take $4 million)

Current Redskins salary cap info courtesy J.I. Halsell, [URL="http://realredskins.com/2011/07/redskins-have-26-million-in-cap-space-can-add-more/"]via Rich Tandler[/URL].

[U]Redskins 2011 Cash Requirement Situation[/U]
1. Cash Requirement ~ $108 million
2. Total payroll owed for 2011 (salary + existing amortized bonus money + deadcap) = $73 million
3. Potential player releases from $73 million payroll:[INDENT][B]Donovan McNabb, $11.1 million[/B] <-- confirmed
[B]Albert Haynesworth, $5.4 million[/B] <-- confirmed
[B]Ma'ake Kemoeatu, $3.8 million[/B] <-- confirmed
[B]Casey Rabach, $3.0 million[/B] <-- confirmed
Artis Hicks, $2.1 million
Mike Williams, $1.8 million
[B]Phillip Daniels, $1.0 million[/B]<-- confirmed
Mike Sellers, $0.55 million
[B]Chad Simpson, $0.25 million[/B] <-confirmed, moving vet min to rook min
[B]Jeremy Jarmon, $0.16 million[/B] <-confirmed, moving vet min to rook min[/INDENT]
4. Realistic payroll "minimum" before free agency on Fri. Jul, 29: $47.90 million
5. Redskins Free Agent signings:[INDENT]Barry Cofield, 2011 Cash Outlay = $15.5 million
Stephen Bowen, 2011 Cash Outlay = $14 million
Josh Wilson, 2011 Cash Outlay = $7.5 million
Santana Moss, 2011 Cash Outlay = $6 million
Jabar Gaffney, 2011 Cash Outlay = $2.4 million
Donte Stallworth, 2011 Cash Outlay = $1 million
Kellen Clemens, 2011 Cash Outlay = $0.8 million

[B]Total = $47.2 million[/B][/INDENT]5. Plus estimated year one rookie salary outlay: $13.25 million
6. [B]Snyderbucks to spend to reach NFLPA minimum[/B]("unlikely to be retained" players + unsigned draft picks + all free agents) = [B][COLOR="Red"]-$12.55 million[/COLOR][/B]

The Redskins have exceeded $120 million cash spent in 2011.

[U]2011 Salary Cap Situation[/U]
1. Salary Cap plus Benefits exemption = $123 million
2. Redskins Cap Number, July 2011 = $93.3 million
[B]3. Salary Cap space, July 2011 + exemption = $29.7 million[/B]
4. Potential player releases from $93.3 million cap number (plus 375k UDFA val):[INDENT][B]Donovan McNabb, $4.75 million [net saved][/B]-375k r51 <-- confirmed
[B]Albert Haynesworth, $3.4 million [net saved][/B]-375k 51 <-- confirmed
[B]Ma'ake Kemoeatu, $2.5 million [net saved][/B]-375k r51 <-- confirmed
[B]Casey Rabach, $1.6 million [net saved][/B]-375k r51 <-- confirmed
[B]Phillip Daniels, $1.0 million [net saved][/B]-375k r51 <-- confirmed
Mike Sellers, $0.55 million [net saved]
[B]Chad Simpson, $0.25 million [net saved][/B] <-confirmed, moving vet min to rook min
[B]Jeremy Jarmon, $0.16 million[/B] <-confirmed, moving vet min to rook min
[B]Sam Paulescu, $0.16 million[/B] <-confirmed, moving vet min to rook min
[B]Andre Brown, $0.16 million[/B] <-confirmed, moving vet min to rook min
Artis Hicks, $0.15 million [net saved]
Mike Williams, $0.26 million [net loss]
Total = $12.1 million *UPDATED FIGURE*[/INDENT]
4. Redskins Free Agent signings, less UDFA rookie minimum (375k per):[INDENT]Barry Cofield, 2011 Cap Number = $5.5 million-375k = $5.1 million
Stephen Bowen, 2011 Cap Number = $4.0 million-375k = $3.6 million
Josh Wilson, 2011 Cap Number = $3.5 million-375k = $3.1 million
Santana Moss, 2011 Cap Number = $3.2 million-375k = $2.9 million
Jabar Gaffney, 2011 Cap Number = $2.4 million-375k = $2.0 million
Donte Stallworth, 2011 Cap Number = $1 million
Kellen Clemens, 2011 Cap Number = $0.8 million

Total as of July 28 = $18.5 million[/INDENT]
5. [B]Salary Cap space, July 28, 2011 [/B]=[B]$23.3 million[/B]
6. UPDATED [URL="http://www.macsfootballblog.com/2011/07/2011-year-one-rookie-allocation-numbers.html"]value of rookie pool[/URL] = $5.925 to $6.675 million
7. Total range for max FA cap room (and to satisfy cash expenditure requirement = [B]$16.7 million[/B]

This is an updated figure which subtracts allocated rookies. In the process of adding in the contracts the Redskins have made over last few days!

[B]At conclusion of 2011 league year:[/B]

-14 contracts expire, headlined by Fletcher and Kemoeatu
- Value of 14 "futures" contracts at $.38 MM per: $5.3 million
- Total cap value of expired contracts is $22 million, lead by 7.1 from Fletcher
- Plus rough 30% increase on remaining $28 million team salary = $8.4 mil in contract raises

[B]-Net estimate cap relief from books after 2011 season[/B] (assumes no FA activity, signing of draft picks): [B]$8.3 million[/B][/QUOTE]