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Old 03-03-2005, 07:27 PM   #1
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Cap Update

Here's how the numbers breakdown for the Skins' recent moves (since the last cap sheet update 2/7). The info out there is sketchy so these are my best estimates. Also this doesn't include Barrow or Patten. The post is a little long, so if you just want the summary scroll to the bottom.

(All figures in 000s)

CAP SAVINGS

Samuels - 7 years, $46.5M, $15.75M SB, $3M RB
Year...Salary...Bonus...Old Bonus...Cap Hit
2005...$800.....$3150...$2932.......$6882
2006...$1000....$4150...$2932.......$8082
2007...$2450....$5150...$0..........$7600
2008...$4500....$3150...$0..........$7650
2009...$5000....$3150...$0..........$8150
2010...$6500....$0......$0..........$6500
2011...$7500....$0......$0..........$7500
Total..$27750...$18750..$5864.......$52364
Old 2005 cap number - $9643
New 2005 cap number - $6882
2005 cap savings: $2761

Haley - released
Old 2005 cap number - $1163
New 2005 cap number - $0
2005 deadcap - $325
2005 cap savings: $838

Parker - released
Old 2005 cap number - $455
New 2005 cap number - $0
2005 deadcap - $0
2005 cap savings: $455

Restructures
Ramsey - $500
Jansen - $1000
Thomas - $1600
Wynn - $1900
2005 cap savings: $5000

TOTAL 2005 CAP SAVINGS: $9054


CAP SPENDING

Harris - $1M escalator triggered
2005 cap increase: $1000

Rabach - 5 years, $13.75M, $2.5M SB, $2M RB (guaranteed), 5th year voidable.
Year...Salary...Bonus...Cap Hit
2005...$535.....$900....$1435
2006...$535.....$900....$1435
2007...$1680....$900....$2600
2008...$2500....$900....$3400
2009...$4000....$900....$4900
Total..$9250....$4500...$13750
2005 cap hit: $1435

Marshall - 3 years, $2M, $368K SB
Year...Salary...Bonus...Cap Hit
2005...$455.....$122....$577
2006...$577.....$123....$700
2007...$600.....$123....$723
Total..$1632....$368....$2000
2005 cap hit: $577

Simon - 1 year, $380K
Year...Salary...Bonus...Cap Hit
2005...$380.....$0......$380
Total..$380.....$0......$380
2005 cap hit: $380

Smith - 2 years, $690K
Year...Salary...Bonus...Cap Hit
2005...$305.....$0......$305
2006...$385.....$0......$385
Total..$690.....$0......$690
2005 cap hit: $305

Cartwright - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Evans - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Hasselbeck - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Lott - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Warner - 1 year, $656K tender
Year...Salary...Bonus...Cap Hit
2005...$656.....$0......$656
Total..$656.....$0......$656
2005 cap hit: $656

Clemons - 1 year, $380K tender
Year...Salary...Bonus...Cap Hit
2005...$380.....$0......$380
Total..$380.....$0......$380
2005 cap hit: $380

Chandler - 1 year, $380K tender
Year...Salary...Bonus...Cap Hit
2005...$380.....$0......$380
Total..$380.....$0......$380
2005 cap hit: $380

Salave'a - 1 year, $760K, vet min exemption
Year...Salary...Bonus...Cap Hit
2005...$760.....$-305...$455
Total..$760.....$-305...$455
2005 cap hit: $455

Albright - 1 year, $760K, vet min exemption
Year...Salary...Bonus...Cap Hit
2005...$760.....$-305...$455
Total..$760.....$-305...$455
2005 cap hit: $455

TOTAL CAP SPENDING: $8647


SUMMARY
2005 Cap Savings: $9054
Less 2005 Cap Spending: -$8647
New Cap Limit: $500K
Replaced players in top 51: $3569

TOTAL 2005 SAVINGS (SINCE 2/7): $4476

Cap Room (2/7): $3291

CURRENT CAP ROOM (3/3): $7767

Last edited by CrazyCanuck; 03-03-2005 at 07:40 PM.
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Old 03-03-2005, 07:39 PM   #2
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Re: Cap Update

COLES UPDATE: take a look at his demands for the Jets, on espn.com, click clayton's quick hits on the side of the nfl page
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Old 03-03-2005, 07:42 PM   #3
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Re: Cap Update

Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:
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Old 03-03-2005, 07:49 PM   #4
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Re: Cap Update

Good to know... Maybe we can actually SAVE some money this year and not break the bank on those "big" signings. I just want to see another good pick in the draft like Taylor was. I also LOVE the Patten signing. That way if Jacobs doesn't pan out, we might have another good WR from the draft.
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Old 03-03-2005, 08:00 PM   #5
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Re: Cap Update

Quote:
Originally Posted by monk81
Excellent CrazyCanuck I was wondering where we stood. Thanks for all your hard work and effort :thumb:

I second that, thanks a bunch.
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Old 03-03-2005, 08:01 PM   #6
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Re: Cap Update

It's like magic with this guy. Numbers just appear... definitely a good job.
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Old 03-03-2005, 08:06 PM   #7
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Re: Cap Update

Thanks Crazy C!! You're work dosent go unoticed, great post!
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Old 03-03-2005, 08:15 PM   #8
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Re: Cap Update

Excellent. Thanks Canuck.
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Old 03-04-2005, 08:45 AM   #9
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Re: Cap Update

Great job CC. Thanks for the info.
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Old 03-04-2005, 09:05 AM   #10
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Re: Cap Update

Canuck, I absolutely love that you keep track of the salary cap like this. I noticed one thing though on Rabach's salary cap figures. It appears that you are allocating the $4.5 million in bonuses over the life of Rabach's contract. This should be done for the $2.5 million signing bonus, but not for the $2 million roster bonus. Roster bonuses only hit the cap in the year that they are paid out.

Thanks for the good work man, I love your spreadsheet.
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Old 03-04-2005, 09:15 AM   #11
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Re: Cap Update

Great work Canuck!
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Old 03-04-2005, 11:22 AM   #12
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Re: Cap Update

From CC:
"The info out there is sketchy so these are my best estimates."

CrazyCanuck, your best estimates are like Spock's guess's on Star Trek! I'll take it any day!

Kudos to you!
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Old 03-04-2005, 11:31 AM   #13
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Re: Cap Update

Canuck,

I know this is getting old, but I'll add to the applause. Your cap updates are very valuable to those of us who are interested in our cap situation but haven't got a firm idea of where we stand after all the recent roster changes. You're guning for and deserve this month's MVP (most valuable poster).
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Old 03-04-2005, 11:41 AM   #14
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Re: Cap Update

I don't know about that RamseyFan! Smootsmack had some outstanding stuff on the best FA's and the best potential Draftees! Each poster has his strengths!

My eyes cross everytime I read CC's great posts, but my heart pounds faster when I see that stuff on FA's and Draftees!

The anticipation is then heightened for the upcoming NFL season, just like your mouth watering when you walk into a Candy store!

As I said: Each poster has his strengths!
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Old 03-04-2005, 11:59 AM   #15
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Re: Cap Update

Smootsmack....I mean backrow (chuckle), Smootsmack is a very valuable poster as well. That's why he is a moderator. I'm just saying IMHO, I love Canuck's posts because they have a very direct impact on Smootsmack's posts because they reveal our ability to even consider free agents.
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