Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Redskins Forums > Redskins Locker Room > Salary Cap Central


Current Redskins Salary Cap Status - 2008

Salary Cap Central


Reply
 
LinkBack Thread Tools Display Modes
Old 02-26-2008, 10:21 PM   #31
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 35
Posts: 8,303
Re: Current Redskins Salary Cap Status - 2008

The first post in this thread has been updated to reflect the release of WR Brandon Lloyd. His release causes a cap hit of $2.9 million this year, but clearing him off the 2009 books completely, under the assumption that his release was designated a pre-June 1 move.

We're still looking for confirmation that he was indeed a pre-June 1 release. If we hear otherwise, we will update the numbers again.
Schneed10 is offline   Reply With Quote

Advertisements
Old 02-27-2008, 02:44 AM   #32
F the Shannys

 
CrazyCanuck's Avatar
 
Join Date: Feb 2004
Location: Canada
Posts: 1,881
Re: Current Redskins Salary Cap Status - 2008

Quote:
Originally Posted by Schneed10 View Post
The first post in this thread has been updated to reflect the release of WR Brandon Lloyd. His release causes a cap hit of $2.9 million this year, but clearing him off the 2009 books completely, under the assumption that his release was designated a pre-June 1 move.

We're still looking for confirmation that he was indeed a pre-June 1 release. If we hear otherwise, we will update the numbers again.
From: washingtonpost.com

"His release, long anticipated, does not save Washington any immediate salary cap space, with the free agency and trade period beginning at 12:01 a.m. Friday, but will create additional room this June. Lloyd, who could not be reached to comment, was designated a June 1 cut for salary cap purposes, executive vice president Vinny Cerrato said, which means his salary cap figure of $4.2 million will drop to $1.8 million on June 1. (Lloyd will count $5.5 million in dead cap space in 2009.) "

- So Lloyd will stay on the books at $4.238M until June 1. On June 1 his 2008 cap hit will go down to $1.833M of deadcap. He will cost us $5.333M of deadcap in 2009.
CrazyCanuck is offline   Reply With Quote
Old 02-27-2008, 04:46 AM   #33
Living Legend
 
That Guy's Avatar
 
Join Date: Jun 2004
Location: Springfield, VA
Age: 31
Posts: 16,278
Re: Current Redskins Salary Cap Status - 2008

explanation -
in the NFL, you used to be able to either cut players and take the full hit immediately, or wait till june 1st and take the hit for the following season... in the last CBA, both sides thought it was stupid to keep players on rosters that teams didn't want while all the free agency money dried up, so now teams can designate two players per year as post june 1 cuts, while releasing them immediately, saving everyone some hassle.
__________________
Who says shameless self promotion is stupid? oh yeah, that was me... Click For Tunes!
That Guy is offline   Reply With Quote
Old 02-27-2008, 08:07 AM   #34
Registered User
 
SBXVII's Avatar
 
Join Date: Mar 2007
Location: Virginia
Posts: 7,766
Re: Current Redskins Salary Cap Status - 2008

Hey, not to be A butt hole......I kinda liked seeing all the plays to be made and "EXICUTED" next to them. It may have been messier but my pea brain can't remember which assumed changes have already happened. In other words I was just hoping to keep a record as to which players have helped out.

I know I should have taken notes. sorry. maybe just a list of names as to who has been reworked once and a while. Thank You.
SBXVII is offline   Reply With Quote
Old 02-27-2008, 08:22 AM   #35
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 35
Posts: 8,303
Re: Current Redskins Salary Cap Status - 2008

Quote:
Originally Posted by SBXVII View Post
Hey, not to be A butt hole......I kinda liked seeing all the plays to be made and "EXICUTED" next to them. It may have been messier but my pea brain can't remember which assumed changes have already happened. In other words I was just hoping to keep a record as to which players have helped out.

I know I should have taken notes. sorry. maybe just a list of names as to who has been reworked once and a while. Thank You.
Actually me and CC were thinking the same thing. I'm working on adding that piece back again.
Schneed10 is offline   Reply With Quote
Old 02-27-2008, 08:48 AM   #36
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 35
Posts: 8,303
Re: Current Redskins Salary Cap Status - 2008

Quote:
Originally Posted by CrazyCanuck View Post
From: washingtonpost.com - nation, world, technology and Washington area news and headlines

"His release, long anticipated, does not save Washington any immediate salary cap space, with the free agency and trade period beginning at 12:01 a.m. Friday, but will create additional room this June. Lloyd, who could not be reached to comment, was designated a June 1 cut for salary cap purposes, executive vice president Vinny Cerrato said, which means his salary cap figure of $4.2 million will drop to $1.8 million on June 1. (Lloyd will count $5.5 million in dead cap space in 2009.) "

- So Lloyd will stay on the books at $4.238M until June 1. On June 1 his 2008 cap hit will go down to $1.833M of deadcap. He will cost us $5.333M of deadcap in 2009.
Thanks CC.

The top post in this thread has been updated to reflect Brandon Lloyd's status as a Post-June 1 cut. Thus, our current status reverts back to the $1.4 million of room we were previously reporting. Cap space for Brandon Lloyd will be realized on June 1 in the amount of $2.4 million.

We'll carry him on our 2009 books, at $5.3 million of deadcap space as CC mentioned.
Schneed10 is offline   Reply With Quote
Old 02-27-2008, 10:32 AM   #37
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 35
Posts: 8,303
Re: Current Redskins Salary Cap Status - 2008

The top post in this thread has been updated to provide a summary of the executed transactions.
Schneed10 is offline   Reply With Quote
Old 02-27-2008, 11:50 AM   #38
Registered User
 
SBXVII's Avatar
 
Join Date: Mar 2007
Location: Virginia
Posts: 7,766
Re: Current Redskins Salary Cap Status - 2008

Thank You!!! : )
SBXVII is offline   Reply With Quote
Old 02-27-2008, 02:21 PM   #39
F the Shannys

 
CrazyCanuck's Avatar
 
Join Date: Feb 2004
Location: Canada
Posts: 1,881
Re: Current Redskins Salary Cap Status - 2008

Great work Schneed. Love the executed section, you're really on the mark! They should hire you to balance the federal budget.

PS - Like the sig too, good idea.
CrazyCanuck is offline   Reply With Quote
Old 02-27-2008, 02:36 PM   #40
F the Shannys

 
CrazyCanuck's Avatar
 
Join Date: Feb 2004
Location: Canada
Posts: 1,881
Re: Current Redskins Salary Cap Status - 2008

During my sleep something occurred to me - why the hell would the Skins designate Lloyd as a June 1 cut now??? Don't get me wrong, I understand the cap reasons, but why not just wait until June 1?

The spirit of the "early June 1" rule was that guys could count as June 1 cuts while being released earlier so as not to miss the free agent window starting in March. It's a courtesy rule so as not to penalize the player by making him miss the heat of free agency.

Now if this was Thomas or Samuels or someone who had given a bunch of good years to the team then I fully understand letting them out early. But why Lloyd? By all accounts Lloyd was not exactly a team player, in fact the opposite. And since there is no financial incentive for the Skins to let him out early, why do it? Why not let him rot on the sidelines until June?

The only explanation that makes sense to me is that Lloyd agreed to pay the Skins some money back under the table, probably in the form of a donation to Snyder's favorite charity - The Cerrato Fund.

Anyone have a different take?
CrazyCanuck is offline   Reply With Quote
Old 02-27-2008, 02:56 PM   #41
Impact Rookie
 
Bill B's Avatar
 
Join Date: Oct 2006
Posts: 721
Re: Current Redskins Salary Cap Status - 2008

Quote:
Originally Posted by CrazyCanuck View Post
During my sleep something occurred to me - why the hell would the Skins designate Lloyd as a June 1 cut now??? Don't get me wrong, I understand the cap reasons, but why not just wait until June 1?

The spirit of the "early June 1" rule was that guys could count as June 1 cuts while being released earlier so as not to miss the free agent window starting in March. It's a courtesy rule so as not to penalize the player by making him miss the heat of free agency.

Now if this was Thomas or Samuels or someone who had given a bunch of good years to the team then I fully understand letting them out early. But why Lloyd? By all accounts Lloyd was not exactly a team player, in fact the opposite. And since there is no financial incentive for the Skins to let him out early, why do it? Why not let him rot on the sidelines until June?

The only explanation that makes sense to me is that Lloyd agreed to pay the Skins some money back under the table, probably in the form of a donation to Snyder's favorite charity - The Cerrato Fund.

Anyone have a different take?
CC - I thought the Skins did it now because Llyod had a roster bonus of $1.8 million if he was on the team in March 2008 and the Skins did not want to pay him the roster bonus.
Bill B is offline   Reply With Quote
Old 02-27-2008, 03:08 PM   #42
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 35
Posts: 8,303
Re: Current Redskins Salary Cap Status - 2008

One thing about that though, CC. The Redskins were due to pay Lloyd a $1.8 million roster bonus at some point, which is part of the $4.2 million he's on the books for in 2008. JLC was saying that the team never intended to give him that money so that was the incentive for jettisoning him now. I think they wanted to avoid having to pay that $1.8 million. Do you know when he was due to receive that payment?

Looks like Bill had the same question, beat me to it!
Schneed10 is offline   Reply With Quote
Old 02-27-2008, 03:12 PM   #43
F the Shannys

 
CrazyCanuck's Avatar
 
Join Date: Feb 2004
Location: Canada
Posts: 1,881
Re: Current Redskins Salary Cap Status - 2008

Ah yes! I forgot about that roster bonus. That is the answer. Thank you gentlemen.
CrazyCanuck is offline   Reply With Quote
Old 02-27-2008, 07:39 PM   #44
Special Teams
 
skinsfan242's Avatar
 
Join Date: Feb 2007
Posts: 152
Re: Current Redskins Salary Cap Status - 2008

I like how the Lloyd money comes off the books at Rookie signing time. That means we can't go out and spend it.
skinsfan242 is offline   Reply With Quote
Old 02-28-2008, 02:34 AM   #45
Living Legend
 
That Guy's Avatar
 
Join Date: Jun 2004
Location: Springfield, VA
Age: 31
Posts: 16,278
Re: Current Redskins Salary Cap Status - 2008

maybe they didn't want the drama. that karma can bite you later on when other players see that happening.

it's not like he's going to get a huge contract ever again, and that bonus thing.
__________________
Who says shameless self promotion is stupid? oh yeah, that was me... Click For Tunes!
That Guy is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 07:21 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.28952 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25