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Re: Redskins 2011 Salary Cap Status
Found this little nugget which basically means the real salary cap is $123 million, once you account for this little "exemption". From John Clayton:
Quote:
The salary cap is going to be at $120 million with a $3 million exemption. Here is how the exemption works: A team such as the Cowboys, who are $18 million over the cap, can designate one player this season and discount $3 million of his salary from the salary cap.
In 2012, teams will have three exemptions worth $1.5 million on three players.
In the meantime, teams are scrambling to find what the new rules are for the 2011 cap. It should be fun.
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NFL -- Salary cap scramble will be interesting - ESPN
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