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02-14-2008, 03:34 PM
| #1 |
| Mad Men   Join Date: Feb 2004
Posts: 43,097
| Cooley Restructures FOX Sports on MSN - NFL - 'Skins rework Cooley deal to save cap space FOXSports.com has learned Washington converted an $11 million roster bonus Cooley was scheduled to receive into guaranteed money. The move is believed to have lowered Cooley's 2008 cap number from a team-high $12.2 million to $4.4 million.
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02-14-2008, 03:36 PM
| #2 |
| Most Interesting Man in the World  Join Date: Dec 2005 Location: Chantilly, VA Age: 25
Posts: 8,557
| Re: Cooley Restructures Thats 8mil right there, and expect more of this to come. Are people still worried about cap hell?
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02-14-2008, 03:36 PM
| #3 |
| Playmaker  Join Date: Feb 2004 Location: Ft. Lauderdale, FL Age: 42
Posts: 4,529
| Re: Cooley Restructures So wait, teams can restructure contracts and reduce cap numbers so there's no need to cry from the mountaintops that we're $20 million over the cap in the previous November? Does Peter King know about this?
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02-14-2008, 03:37 PM
| #4 |
| Playmaker  Join Date: Feb 2004 Location: Frederick, MD Age: 34
Posts: 4,366
| Re: Cooley Restructures Sweet. Net cap space of almost 8 million. Now we can sign Zack Thomas, since he's available now 
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02-14-2008, 03:38 PM
| #5 | |
| Gamebreaker  Join Date: Mar 2006 Location: PA Age: 33
Posts: 14,884
| Re: Cooley Restructures Quote:
 Thanks Cooley, for being a team guy. | |
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02-14-2008, 03:48 PM
| #6 |
| Special Teams  Join Date: Oct 2007 Location: Damascus, MD
Posts: 354
| Re: Cooley Restructures Yeah, Cooley is a big time team guy. And that's a positive about our evil owner. He's got so much frickin money, he doesn't mind shelling out all of this cash. |
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02-14-2008, 03:57 PM
| #7 | |
| Gamebreaker Join Date: Mar 2006 Location: PA Age: 33
Posts: 14,884
| Re: Cooley Restructures Quote:
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02-14-2008, 04:00 PM
| #8 |
| \m/   Join Date: Feb 2004 Age: 40
Posts: 72,656
| Re: Cooley Restructures To the cap experts: With this latest restructure where do we now stand for cap room? Probably still in the red I'm guessing but getting a lot closer to the green. |
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02-14-2008, 04:01 PM
| #9 |
| Most Interesting Man in the World Join Date: Dec 2005 Location: Chantilly, VA Age: 25
Posts: 8,557
| Re: Cooley Restructures We are around 8-12mil in the red right?
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02-14-2008, 04:11 PM
| #10 | |
| MVP  Join Date: Oct 2005 Location: lancaster,pa Age: 51
Posts: 10,438
| Re: Cooley Restructures Quote:
__________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan | |
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02-14-2008, 04:14 PM
| #11 | |
| NFC East Champs   Join Date: Feb 2004 Location: Canada
Posts: 1,791
| Re: Cooley Restructures Quote:
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02-14-2008, 04:28 PM
| #12 |
| Playmaker  Join Date: Feb 2004 Location: Germantown, Md.
Posts: 4,832
| Re: Cooley Restructures What Cooley has done is typical of what many players have done on this team for several years, and we all appreciate it. It speaks volumes about the type players we have on the team who are willing to restructure, some on more than one ocasion. |
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02-14-2008, 04:35 PM
| #13 | |
| RG Glee  Join Date: Feb 2005 Location: Newtown Square, PA Age: 33
Posts: 7,892
| Re: Cooley Restructures Working off the familiar format I've been posting, note the moves that have already been made: Quote:
My numbers above are not official, but they follow the same logic the Skins have used in the past. Carter and Thomas shaved nearly $6 million between them. Cooley shaved $9.2. So we should be down $15.2 million from the $20.4 million we started at. This means we're still in the red by $5.2 million. PCinOZ's numbers would have us at $4.0 million over the cap after the Cooley restructure. So it's fair to say we're right around $4.0 - $5.2 million over the cap right now. And you'll note there are plenty of moves listed above that don't have the word "EXECUTED" next to them, which means there are still plenty of ways to bring the cap number down. We're good to go. | |
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02-14-2008, 04:47 PM
| #14 | |
| The Starter  Join Date: Apr 2005 Location: South Carolina
Posts: 1,554
| Re: Cooley Restructures Quote:
These aren't pay cuts (as they tried to get Springs to take last year) these are restructures and fancy accounting. Not saying its a bad thing, let's just not get too carried away about what the "volumes" it speaks about the players.
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02-14-2008, 04:47 PM
| #15 |
| Playmaker Join Date: Feb 2004 Location: Germantown, Md.
Posts: 4,832
| Re: Cooley Restructures Schneed...Tell us about how Sean Taylor's cap numbers affect the total. |
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