Portis restructures (Skins about $5M under the cap)

[Schneed10]

I should note that we don't technically have $4.9 million in cap space right now as JLC is suggesting. The $4.9 he's quoting assumes that the savings for Brandon Lloyd has already cleared from the books. This is not the case; savings from him don't clear the books until June 1.

We technically have $2.35 million in cap space right now. A Portis restructure will save at least $3.6 million, bringing us to $5.95 million in room.

Then once Lloyd clears the books on June 1, we'll have $8.35 million in room. So JLC's numbers are on, but his timing is just a little off, that's all.

Our rookie pool will take up no more than $4 million, and will probably be closer to $3.5 as FRPLG noted. The 'Skins are clearly leaving space to re-sign Frost, Fabini (or a guy like him), and Cartwright. On top of those moves, they would still have space for a Bryant Johnson or DJ Hackett.

And while it would be tight, they could forego a Johnson/Hackett move, trade a pick away to reduce the rookie pool, and acquire Chad Johnson. It would be tight, but they could fit that in. Moot point though if the Bengals insist on keeping him.