Salary Cap Status Update

[WillH]

Originally Posted by GTripp0012

One thing I think is really good over the front office reorganization is that it puts authoritative power over cap issues back where it belongs, out of the hands of the coaches. It's much easier to task a fiscally responsible policy when you don't have head coaches blank checking players like Archuleta and Lloyd.

Speaking of which what will cutting Lloyd do to that $27.6 (under) number?

[Redskins_P]

Originally Posted by WillH

Speaking of which what will cutting Lloyd do to that $27.6 (under) number?

I wonder if cutting Lloyd is actually a guarantee now that we have a new coaching staff?

[Schneed10]

Originally Posted by WillH

Speaking of which what will cutting Lloyd do to that $27.6 (under) number?

Cutting Lloyd would cost us $2.9 million in 2008 cap space.

So if we did make every one of those moves and get all the way to $27.6 under the cap (won't happen but let's go with it), then cutting Lloyd would leave us with $24.7 million in space.

[QBall]

Good post. Don't cut Springs for me.

All else looks good.

[Giantone]

Originally Posted by Schneed10

Cutting Lloyd would cost us $2.9 million in 2008 cap space.

So if we did make every one of those moves and get all the way to $27.6 under the cap (won't happen but let's go with it), then cutting Lloyd would leave us with $24.7 million in space.

So your saying the Skins won't make all the moves you think need to be made?

[Schneed10]

Originally Posted by Giantone

So your saying the Skins won't make all the moves you think need to be made?

No.

The first post in this thread says:

I'm going to list the ways to get the cap number down. You can debate the merit of making certain moves on this list, but if we don't cut a certain player, you can bet we'd restructure them, which would also save some money.

In other words, it's a list of all the ways to reduce this year's cap figure. It shows that we can get as much as $27.4 million under the cap, if we make all the moves. However, we could make only some of the moves and get to $20 million under the cap. Or even fewer of the moves, and get to $15 million. Or even fewer of the moves, and get to $10 million. The options are limitless.

The purpose of the thread was to show that when writers like Peter King, who aren't trained in accounting and who say we're headed for cap hell, that they don't know what they're talking about.

[Bill B]

Schneed - isn't Sean Taylor's cap hit also in 2008?

[CrazyCanuck]

Originally Posted by Bill B

Schneed - isn't Sean Taylor's cap hit also in 2008?

Yes he represents $2.1M of our deadcap amount.

[Bill B]

Originally Posted by CrazyCanuck

Yes he represents $2.1M of our deadcap amount.

Thanks for the update Crazy Canuck.

[dcweldon]

why cut Todd Wade at 700k?

[Schneed10]

Originally Posted by dcweldon

why cut Todd Wade at 700k?

We certainly wouldn't have to. It's hard to say what the new regime will do. They may have different opinions of the players.

Wade struggled with some injury this past season, but also got totally owned at other times.

[SKINStoWIN]

Nicely broke down. You should work for the organization.

[CrazyCanuck]

Great work as always Schneed.

- For Cooley, PCinOz's site also lists him at an $11M roster bonus this year. This doesn't make much sense and the Skins will almost certainly convert the $11M into a signing bonus and spread it over the life of his deal. The info I had previously seen had his bonus broken down into two $7M signing bonuses, one in 2007, one in 2008. This makes a lot more sense so I've left my sheets intact with the two $7M signing bonuses.

- In your salary restructuring part your numbers are a little off. Keep in mind that you cannot prorate the entire salary since the player must still earn at least the league minimum for his years of service. So for Jansen for instance his 2008 salary is $5M. The min salary he can make is $720K but let's call it $1M to keep it simple. So $5M - $1M = $4M of base salary that can be prorated. There's 4 years left on his deal (including 2008), so the $4M gets spread over 4 years at $1M per year. This results in a net savings of $3M for 2008. Sorry to nitpick Schneedster.

- I've been thinking a lot about Jansen and Thomas too. I agree with your assessment that cutting them doesn't make much sense. I think they're both here for at least 2 more years assuming they can still play. But I think they warrant discussion since they represent our 2nd and 3rd largest cap hits and over $16M of cap space. This for 2 guys who hardly played this year, and in Jansen's case, an average lineman even when he does play. Don't get me wrong, I like both players a lot and our O-line can use all the help it can get. But I've been hard on Samuels for years cuz of his cap number and I think Jansen and Thomas deserve the same scrutiny.

- As for Kendall I see no reason to cut him. Yes his release fee is very small but so is his cap number (relatively). I thought he did a great job for us this year and helped save our season after all the injuries to our line. His 2008 cap hit is only $2.5M and he'll be playing for a new contract so I see no reason to let him go.

- I wanted to congratulate Brandon Lloyd on officially being the ugliest contract on our books. This coveted award has been held by the likes of Deion, Lavar, and most recently Archuleta. Though I'd love to cut him, his release fee is so high that the best solution is probably to keep him around one more year and see if we can get anything productive out of this guy.

[GTripp0012]

Originally Posted by CrazyCanuck

- I wanted to congratulate Brandon Lloyd on officially being the ugliest contract on our books. This coveted award has been held by the likes of Deion, Lavar, and most recently Archuleta. Though I'd love to cut him, his release fee is so high that the best solution is probably to keep him around one more year and see if we can get anything productive out of this guy.

I disagree. If we put the 3 million into dead cap for this season on Lloyd, it takes him off the books entirely for the remaining 4 years of his deal. That would be the most beneficial way to deal with him.

[CrazyCanuck]

Originally Posted by GTripp0012

I disagree. If we put the 3 million into dead cap for this season on Lloyd, it takes him off the books entirely for the remaining 4 years of his deal. That would be the most beneficial way to deal with him.

There are 2 ways to cut Lloyd:

1. Cut him right away. This would give us a deadcap hit of $7.2M for 2008.

2. Cut him post June 2008. This would give us a deadcap hit of $1.8M in 2008 and a deadcap hit of $5.3M in 2009. The net savings to our 2008 cap would be $2.4M.

After further review I think a post June 2008 cut probably makes the most sense. The big reason is that Lloyd is due a $1.8M roster bonus in 2008 and I can't see Mr. Snyder cutting that check. So if I had to guess I'd say the Skins cut Lloyd soon and designate him a June release.