Redskins 2012 Salary Cap Status

GTripp0012

**UPDATED (March 13, 2012)** Redskins 2012 Salary Cap Info

2012 Salary Cap Situation
1. Salary Cap Projection = $124 million $120.375 million $120.6 million <-- Small salary cap increase
2a. Number of players under contract for the Redskins = 47 56 54
2b. Redskins Cap Number, March 2 2012 = $86.3 million $93.1 million
2c. Difference between adjusted 2012 cap number and projected cap = $27.5 million
2d. Redskins 2011 Salary Cap Rollover = $13 million
3. Salary Cap space, February 2012 + cap rollover = $40.5 million

4. Potential player releases from $90 million cap number (plus 390k UDFA val):

DeAngelo Hall, $6.2 million-390k = $5.8 million net gain
O.J. Atogwe, $4.0 million-390k = $3.6 million net gain CONFIRMED
Jammal Brown, -$650k-390k = -$1.04 million [net loss]
John Beck, $1 million-390k = $0.6 million net gain
Mike Sellers, $925k-390k = $0.55 million net gain CONFIRMED
Reed Doughty, $1.15 million-390k = $0.76 million net gain
Santana Moss, $484k-390k = $0.1 million net gain
Chris Cooley, $2.07 million-390k = $1.68 million net gain

Total = $13.94 million retrievable

4b. Actual Cap Retrieved from Player Releases/Restructures: $4.15 million

5. Space for potential releases PLUS existing cap space = $55.84 million available (does not include June 1 release flexibility)

6a. Rule of 51 = 4 contracts at league min (390k) = $1.56 million <--the Redskins now have more than 51 players under contract
6b. Redskins Exclusive Rights Free Agents, less UDFA rookie minimum (375k per)

Graham Gano, 2012 Cap Number = $0.54 million-390k = $0.15 million

Total as of January 17 = $150k

6c. Redskins Restricted Free Agents, less UDFA rookie minimum (375k per)

Kory Lichtensteiger, 2012 Cap Number = $1.875 million-390k = $1.5 million (projected 2nd round tender) $1.2 million-390k = $0.81 million (original round (4th) tender) CONFIRMED
Byron Westbrook, 2012 Cap Number = $1.2 million-390k = $0.825 million (projected low tender) <-- Rich Tandler reports Redskins will not offer RFA tender to Westbrook

Total as of March 11 = $0.81 million

6d. Redskins Unrestricted Free Agents and PROJECTED CAP FIGURES, less UDFA rookie minimum (390k per):

London Fletcher, 2012 Cap Number = $5.67 million-390k = $5.28 million
Fred Davis, 2012 FRANCHISE TENDER = $5.446 million-390k = $5.056 million CONFIRMED
Will Montgomery, 2012 Cap Number = $3.5 million-390k =$3.11 million CONFIRMED
Adam Carriker, 2012 Cap Number = $1.7 million-390k = $1.31 million CONFIRMED
Tim Hightower, 2012 Cap Number = $1.5 million-390k = $1.11 million
Darrion Scott, 2012 Cap Number = $650k-$390k =$260k

Rex Grossman
Rocky McIntosh
Kedric Golston
Donte Stallworth
David Anderson
Sean Locklear
Phillip Buchanon
Keyaron Fox
Byron Westbrook <-- added

PROJECTED Total as of January 17 = $20.085 million <--Removed Landry's projection
PROJECTED Total as of March 2 = $18.911 million March 13 = $17.086 million
ACCUMULATED Total as of March 2 = $9.489 million March 13 = $10.696 million

6f. Accumulated re-signings = $10.696 million
Projected additional re-signings (Fletcher and Hightower) = $6.39 million

7. Signed unrestricted free agents from other teams:

Pierre Garcon: $4.3 million-390k = $3.91 million CONFIRMED
Josh Morgan: $2.9 million-390k = $2.51 million CONFIRMED

Total as of the evening of March 13th: $6.42 million

8. Salary Cap space after projected re-signings, March 13, 2012 =$21.13 million
Actual salary cap space as of March 13, 2012: $27.52 million

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Shanahan: “The bad thing is he's [Sav Rocca] probably our best offensive weapon and that’s not good.”

GTripp0012

If you consider the cap penalty, the Redskins currently have just $9.52 million in remaining cap room. The Redskins have the flexibility to increase that number considerably.

But that's only enough to resign our current free agents. With Dwight Lowery going off the market and with the LB and RB markets being slow to develop, if we get Fletcher under contract pretty soon I would expect the Redskins to take a step back and try to get trade value for our excess of receivers.

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Shanahan: “The bad thing is he's [Sav Rocca] probably our best offensive weapon and that’s not good.”

GTripp0012

Jabar Gaffney clears up $2.65 million if released. Santana Moss and Anthony Armstrong: $0.1 million each.

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Shanahan: “The bad thing is he's [Sav Rocca] probably our best offensive weapon and that’s not good.”

Skinsfanatic

And I would save more money by not paying my electric bill than by not paying my netflix bill.

CrazyCanuck

Facts or estimates?

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Skins' Salary Cap Status | CrazyCanuck's Cap Figures by Player | Salary Cap 101

SmootSmack

Post of the day

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You're So Vain...You Probably Think This Sig Is About You

GTripp0012

Facts, but there's a margin of error related to option bonus structure, which I am not certain of.

With Carriker, his 250,000 year 1 roster bonus is in there. With the others, it's just amortized signing bonus plus salary.

Mostly just worried about finding out if there's any workout bonuses in there.

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Shanahan: “The bad thing is he's [Sav Rocca] probably our best offensive weapon and that’s not good.”

CrazyCanuck

Do you have a source for Garcon's number? Not trying to bust your balls I'm just curious cuz I've seen conflicting reports.

This story Redskins reach deals with two wide receivers, re-sign DE Adam Carriker - The Washington Post says "He accepted a five-year deal from the Redskins worth $42 million — $21.5 million of it guaranteed — according to people with knowledge of the situation."

If you assume a $21.5M signing bonus, his 2012 SB allocation would be $4.3M. Add in salary and/or roster bonus and his cap hit is over $5M at least.

This story Ex-Colts receiver Pierre Garcon agrees to 5-yr, $42.5M deal with Redskins - The Washington Post says "The contract includes $20.5 million in guaranteed money, with an $11 million signing bonus."

If you assume an $11M signing bonus, his 2012 SB allocation would be $2.2M. How do you get to $4.3M?

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Skins' Salary Cap Status | CrazyCanuck's Cap Figures by Player | Salary Cap 101

CrazyCanuck

Never mind I answered my own question:

Free Agency Open Thread 3.0 With Salary Cap Update - Hogs Haven

"Pierre Garcon: Base salary: $2.1m, $11m signing bonus. The bonus prorated over 5 years is $2.2 million per year, meaning that absent any hidden fees, he only accounts for $4.3 million against the cap in 2012."

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Skins' Salary Cap Status | CrazyCanuck's Cap Figures by Player | Salary Cap 101

EARTHQUAKE2689

You ain't lying. 9.2 seems like enough to re-sign Fletch and an OT, You would at best get a 5th for Gaffney Tripp.

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http://www.youtube.com/watch?v=bpp3ycMvQd0

This is why you need Mentos. To justify your questionable problem solving skills.

http://www.youtube.com/watch?v=Z7geP5ev0VI

Awesome isn't it.

GTripp0012

I've only ever seen the SB at $11.

Pierre Garcon - Washington Redskins - 2012 Player Profile - Rotoworld.com

$2.2 SB + $2.1 guaranteed base salary.

Always the possibility of a 50k workout bonus or a weekly roster bonus or something along those lines that wasn't reported, but in the absence of that, it's $4.3 million.

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Shanahan: “The bad thing is he's [Sav Rocca] probably our best offensive weapon and that’s not good.”

GTripp0012

I think they just want someone younger. And the team needs more than just Fletch and an OT. They need a lot of help on the defense, although they're probably all set on the front five.

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Shanahan: “The bad thing is he's [Sav Rocca] probably our best offensive weapon and that’s not good.”

SkinItup

Perry Riley means we have a front 6 and as long as jenkins is in good shape we have a defensive front good rotation.

We have 2 decent but not good corners. I wish we would get another and we need safety help bad.