JoeSixPat

Scout.com: Salary Cap space...

I'm not sure how trustworth "Draft Sharks" is as a source - but here's an interesting summary of where teams are, where they can free money etc.

The things that jumped out at me is that even if the Patriots do need to reserve nearly $15 million for Cassel they can technically restructure enough contracts to be able to make some major free agent moves, though I'm not sure how quickly those deals can get done.

Looks like relatively few teams would be precluded from fitting Cassel in on their cap as well, with perhaps a few exceptions like the Jets - who would never get Cassel anyway.

Looks like Pioli and McDaniels have plenty to go shopping with

DarrylS

Jets 7 million over.. nice.

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nashvillepatsfan

WWWWOOOOWWWWW


32. New York Jets -- $7m over – Whew, last year they doled out over $100 million in guaranteed dollars. Those bonuses are pro-rated out over the next 4-5 years so they’re going to be in and out of cap jail for a while. Laveranues Coles counts $7m and they need him to accept a pay cut, which he won’t.



Coles? Wasnt he the guy who was making alot of noise early last season? I can't see him taking a pay cut to help out the jets' dumb front office. BUT, they can feel free to cut him, and he can sign with the Pats,,,,,cheap
Maybe he's ready for a ring. I think Tommy would let Coles play. Now there's a scary threesome at WR.......and yes, im aware that it would never happen. I'm just in a dreamy mood tonight.

mayoclinic

Very instructive. It also gives an idea as to who could be players for Matt Cassel, whether in FA or via trade if we (hopefully) franchise him:

- Tampa Bay - $42M under and in desperate need of a young QB to build around but wanting to be competitive right away. Sounds perfect.

- Kansas City - $33M under. Tyler Thigpen probably isn't the long term answer. Pioli knows Cassel and drafted him.

- Detroit - $26M under and in desperate need of everything, with multiple 1st round picks.

Less likely options (purely from a cap space perspective) include:

- Chicago - $19M under leaves a bit less room than the other options, though QB stability is probably their biggest need.

- Minnesota - $20M under. Same as Chicago.

Very unlikely options from a cap space perspective include:

- Carolina - $9M under with Peppers and Gross FAs doesn't make it seem likely that they have room to pay big money to a CB. On the other hand, if they cut Delhomme to free up his cap space then they need a QB badly.

- St. Louis - only $8M under with lots of needs. The more people they cut, the more holes they have have to fill.

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Miguel

13. New England -- $21m under – This figure doesn’t count the (gulp) $14.8m one-year tender for Matt Cassel. If they tag Cassel they’ll have $28 million cap dollars tied up in 2 quarterbacks. However, they can make it work. DE Richard Seymour, OT Matt Light, WR Randy Moss, LB Adalius Thomas, and DE Jarvis Green have a combined $65m in cap charges – if 3 or 4 of those guys restructure it frees up $15m easily.

1.) The franchise tag figure is $14.651 million. They got the $14.8 million from ProFootballTalk.Com which had to include LTBE incentives in their calculation.
2.) If Cassel is tagged the Pats will have $29,277,720 tied up in 2 quarterbacks.
3.) DE Richard Seymour, OT Matt Light, WR Randy Moss, LB Adalius Thomas, and DE Jarvis Green have a combined $37,621,390 in cap charges. Over $16 million is prorated signing bonus proration which can not be reduced.
4.) making the $15 million in cap savings likely.

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mgteich

Miguel, please correct my mistakes and misunderstandings.

I don't think it is LIKELY that $15M of cap room will be freed up by restructures. While I would favor extending all these players, I don't think it is likely. Each is in a different situation. $5M seems possible, but not $15M.

GREEN
Green is a big question mark. First, is $2.3M 2009 bonus guaranteed? If not, he is likely to be gone before March 1, for a cap savings of $4.8M less the 2009 cap cost of replacement. I like Green, but I can't see us giving him $4.8M of new money for 2009, and I can't see him voluntarily reducing his salary without the benefit of chacking out other teams.

If the 2009 bonus is indeed guaranteed, then the bonus couldn't be spread, could it? A re-write with a $10M bonus for a three year extension would give us $2.5M addition cap for the new bonus plus his new salary (what is the new minimum?). Since his current salary is $2.5M, this would be an increase to the cap.

SEYMOUR
I think I would need examples to see how his cap number would be reduced. His salary is only $3.685M. A four year re-write with a $16M bonus and a $1M 2009 salary would increase the cap by over $1M.

MOSS
I can see that be restructuring Moss through the end of his contract, $2.7M of cap room can be saved, more if he is extended long-term.

LIGHT
Yes, $1.6M could be saved with a restructure and more with an extension.

THOMAS
I can't see how restructuring his $1.9M salary helps much. The savings is there, but the savings is less than $1M.

BOTTOM LINE
If we call it $700K, the $5M cap money can be achieved with the restructures of Moss, Light and Thomas if they will cooperate. Seymour and Green are different situations entirely since they would be extended rather than restructured.

ctpatsfan77

This is but one reason why I'm hoping the salary cap stays.

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Mangold74

Coles contract is guareenteed this year so the chance of him playing for the Pats is zero. Not that I would mind since he's pretty much washed up. If the Jets cut him they would they have to pay him $7 million plus take the cap hit. Not going to happen. He's a cry baby and thats how he got the last two years of his contract guareenteed. I'm fairly certainly they would have cut him or traded him this off season.

As far as the Jets being over the salary cap, it's correct today but in the next 3 weeks Tannenbaum will give the Jets about 20-25 million in cap room for 2009. If Favre retires or is cut that's a cap saving of $13 million this year. If they cut David Barrett that's another $3 million in savings. Now the interesting part. The Jets have $35 million in roster bonuses coming up. If they convert those $35 million to signing bonuses as I'm sure they planned to do from the start they should be able to clear off another $20 million in cap space. If they cut Shaun Ellis, Chris Baker and David Bowens they would get another $10 million in cap relief.

Basically they have plenty of cap flexibility. Look for Calvin Pace, Kris Jenkins, Brandon Moore, Kerry Rhodes and a few others to make the roster bonus conversation.

Rob0729

Why would Coles take a pay cut. The Jets just guaranteed the remained of his contract to shut up last offseason. They are stuck with him because cutting him would not save them a dime since he is guaranteed every penny of his 2009 contract.

BTW, the Jets' version of Miguel has them at $14.6 million over, not $7 million. I don't know if the Jets' version of Miguel is on top of things as Miguel is though. If this guy is right, cutting Favre won't even get them under the cap. That is pretty bad when they would probably need to hire a veteran replacement for Favre (even a Jeff Garcia type is going to have a $3-4 million cap hit for one year).

New York Jets Salary Cap

Miguel

I meant unlikely.

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