Cap Analysis - Chill It, Skillet

[skinster]

Originally Posted by los panda

contract amounts are not evenly distributed over the length of the contract

I'm fully aware. But its normally not much more than 2-3 million off from the average of the length. The second report saying that Morgan's deal is over 5 years seems to make things make sense.

[Dirtbag59]

Here is CC's post on the projected cap numbers for our shiny new toys.

Originally Posted by CrazyCanuck

Did some quick calculations on the recent signings. Here are the cap hits I've come up with so far given the info out there (000s):

Carriker
2012: $2,750
2013: $4,750
2014: $5,750
2015: $6,750
TOTAL: $20,000

Garcon
2012: $7,300
2013: $7,300
2014: $8,300
2015: $9,300
2016: $10,300
TOTAL: $42,500

Morgan
2012: $2,200
2013: $2,300
2014: $2,500
2015: $2,500
2016: $2,500
TOTAL: $12,000

[skinster]

Originally Posted by CRedskinsRule

Salary cap math is not conventional, bonuses, guarantees types of payment all get figured in and BA has shown several times he is very astute at writing contracts that minimize the salary cap implications in any given year.

When I say conventional math, I mean addition and subtraction. I know structuring contracts to maximize possibilities is tough, but looking at a cap sheet and figuring out if our team is under/over the cap is pretty straight forward.

[steveo395]

Redskins | Financials for Joshua Morgan
Tue, 13 Mar 2012 19:19:42 -0700

Updating a previous report, the deal between the Washington Redskins and WR Joshua Morgan is for $5.5 million to sign, $1.8 million in base salary for 2012, which is fully guaranteed, and then for $3.8 million in base salary in 2013, and another $900,000 in bonuses.

Read more: NFL News and Rumors - Hot off the Wire Fantasy Football News

According to KFFL, the cap number should be about $2.9 million for Josh Morgan. Unless part of that $900,000 is on this year then it could be higher.

[Dirtbag59]

Originally Posted by steveo395

Read more: NFL News and Rumors - Hot off the Wire Fantasy Football News

According to KFFL, the cap number should be about $2.9 million for Josh Morgan. Unless part of that $900,000 is on this year then it could be higher.

Canuck made a $700k mistake. Dock 30% of his post count.....retroactively.

[CrazyCanuck]

Originally Posted by Dirtbag59

Canuck made a $700k mistake. Dock 30% of his post count.....retroactively.

Yes but do it in 2 years...

[CrazyCanuck]

Originally Posted by steveo395

According to KFFL, the cap number should be about $2.9 million for Josh Morgan. Unless part of that $900,000 is on this year then it could be higher.

Agreed.

I originally heard 5 years, $12M with an out after year 2. But perhaps it's a 5 year deal for more, with Morgan taking in $12M over the first 2 years. The KFFL numbers imply this.

Also the same site has this about Carriker's deal:

"Updating a previous report, the contract Washington Redskins DL Adam Carriker agreed to Tuesday, March 13, including a $3 million signing bonus and $700,000 base salary for 2012. He can void the years 2013 through 2015 with a $1 million buyback. The base salaries for 2013 is for $3.7 million, $4.7 million for 2014 and $4.7 million for 2015."

Looks like Carriker only got $3M guaranteed not $7M. Based on this Carriker's 2012 cap hit is $1.45M.

[CRedskinsRule]

Originally Posted by skinster

When I say conventional math, I mean addition and subtraction. I know structuring contracts to maximize possibilities is tough, but looking at a cap sheet and figuring out if our team is under/over the cap is pretty straight forward.

But finding the right numbers to put on the cap sheet isn't simple addition and subtraction(there is division and order of operation stuff too), and that's what the discussion was about. You originally said 8+6+5. But those are not the numbers that go onto our teams cap sheet. The right numbers are considerably lower.

[SmootSmack]

Interesting that Carriker negotiated a deal he can get out in just one year

[That Guy]

carriker's contract seems really redskins friendly... its basically a one year deal.

[CrazyCanuck]

Originally Posted by SmootSmack

Interesting that Carriker negotiated a deal he can get out in just one year

The more I look at it I suspect there is also a $3M option (signing) bonus in 2013 in addition to the numbers mentioned. This would bring the total deal to $20M and the total guaranteed to about $7M as reported.

It is an interesting out clause for Carriker. The Skins probably gave him this option in exchange for less guaranteed overall.

[GridIron26]

Originally Posted by SmootSmack

Interesting that Carriker negotiated a deal he can get out in just one year

I think that is mostly due to Jenkins, Carriker probably wants to see how much he plays and how often Haslett rotates DL men?

[DCtoAZ]

I loved the signing of Carriker .. that dude is a beast ... rotating him and jenkins with Rak & Kerrigan on outside .. oo wee ... now let's get FLETCH RE-SIGNED !!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Schneed10]

With the news that we've signed a few safeties and are close on re-signing London Fletcher, I think it's a sign that we've either reworked more contracts to create cap space, or that behind-the-scenes discussions with the NFL are taking place and potentially leaning towards a reduction of our cap penalty.

The former is the more likely situation. I don't think these most recent signings would be possible without the creation of additional space.

[SmootSmack]

A couple of contracts are expected to be restructured over the weekend. If they're not already

We have around $6 million in cap space right now, as I understand it