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Old 03-09-2006, 01:21 AM   #1
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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.
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Old 03-09-2006, 01:23 AM   #2
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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.
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Old 03-09-2006, 01:24 AM   #3
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Re: Available Cap Room

Sounds like a good estimate to me RF but I'm not one of those aspiring capologists you refer to.
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Old 03-09-2006, 01:39 AM   #4
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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.
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Old 03-09-2006, 01:42 AM   #5
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Re: Available Cap Room

Quote:
Originally Posted by 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.
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.
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Old 03-09-2006, 01:44 AM   #6
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Re: Available Cap Room

Quote:
Originally Posted by 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.
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.
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Old 03-09-2006, 01:48 AM   #7
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Re: Available Cap Room

Quote:
Originally Posted by 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.
"quick and dirty", like a Hot Pocket....typical FRPLG! LOL
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Old 03-09-2006, 08:02 AM   #8
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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
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Old 03-09-2006, 09:35 AM   #9
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Re: Available Cap Room

i think we'll get maybe 3-4 guys through fa
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Old 03-09-2006, 09:47 AM   #10
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Re: Available Cap Room

Quote:
Originally Posted by 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.
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.
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Old 03-09-2006, 09:48 AM   #11
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Re: Available Cap Room

ok so maybe that means NO high quality FA signings...
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Old 03-09-2006, 10:10 AM   #12
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Re: Available Cap Room

im so tired of guessing. free agency needs to start now!
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Old 03-09-2006, 10:17 AM   #13
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Re: Available Cap Room

Quote:
Originally Posted by PWNED
ok so maybe that means NO high quality FA signings...
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.
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Old 03-09-2006, 11:37 AM   #14
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Re: Available Cap Room

Quote:
Originally Posted by 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.
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.
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Old 03-09-2006, 02:16 PM   #15
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Re: Available Cap Room

Quote:
Originally Posted by 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.
5 years this year, 6 years next year, 5 years every year after that.

It make no sense to me either.
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