How do the recent cuts affect the cap? - Page 2 - New England Patriots Forums

Synovia · 10-20-2009, 12:43 PM

Quote:

Originally Posted by MoLewisrocks

The guaranteed vet salaries remain on the cap, period. We also paid Joey a signing bonus so his cap hit alone is $1.75M. TBC and Alexander were on veteran minimum deals. Matthews signed after week 1 so his deal was not guaranteed and he only counts for the weeks he was here. I think the figure Florio is reporting is likely dead cap, only he doesn't know what that is... It doesn't come off anything, it's sunk cost and it's paid.

So, if you're right on this, which I'm pretty sure you are, Alexander, and TBC, if resigned at vet minimum, both cost the 450K or so they were already on the cap for, plus an additional 280K MINIMUM (10/16 of 450K) against the cap. So, at absolute minimum, releasing and resigning Alexander and TBC, if they get no bonuses and no raises, decreases the cap by .56M

***DaBruinz*** · 10-20-2009, 12:43 PM

Quote:

Originally Posted by MoLewisrocks

The guaranteed vet salaries remain on the cap, period. We also paid Joey a signing bonus so his cap hit alone is $1.75M. TBC and Alexander were on veteran minimum deals. Matthews signed after week 1 so his deal was not guaranteed and he only counts for the weeks he was here. I think the figure Florio is reporting is likely dead cap, only he doesn't know what that is... It doesn't come off anything, it's sunk cost and it's paid.

Your information about Matthews is incorrect. Matthews was acquired before the start of the season. However, he's not a vested veteran as he only has 2 years of service so his deal wasn't guaranteed regardless of when he was added to the roster.

***MoLewisrocks*** · 10-20-2009, 12:48 PM

Quote:

Originally Posted by DaBruinz

Your information about Matthews is incorrect. Matthews was acquired before the start of the season. However, he's not a vested veteran as he only has 2 years of service so his deal wasn't guaranteed regardless of when he was added to the roster.

Whatever... I think he's just gone. But people keep looking for the cap savings here and there is none except with Matthews. And in total there is none, period. We're actually increasing (spending more not clearing any) our cap by re-signing TBC and presumably Alexander.

***MoLewisrocks*** · 10-20-2009, 12:49 PM

Quote:

Originally Posted by Synovia

So, if you're right on this, which I'm pretty sure you are, Alexander, and TBC, if resigned at vet minimum, both cost the 450K or so they were already on the cap for, plus an additional 280K MINIMUM (10/16 of 450K) against the cap. So, at absolute minimum, releasing and resigning Alexander and TBC, if they get no bonuses and no raises, decreases the cap by .56M

You don't cut guys at the veteran minumim just to resign them to it. Both are getting at least 2 year deals and remain on the books for their old deals too boot!

***alamo*** · 10-20-2009, 01:08 PM

Quote:

Originally Posted by MoLewisrocks

The guaranteed vet salaries remain on the cap, period.

Not true, unless there is some last-capped-year provision I am unaware of.

Vets whose salaries which are guaranteed because they were on the first game roster have the option to receive the rest of their pay, but it's a one-time-only option in your career.

And my understanding is they make the request at the end of the season, it doesn't happen immediately. So presumably the cap hit goes into next season. (So maybe the last capped year does make a difference in this case but I've never seen it said, it could be a loophole.)

***JSn*** · 10-20-2009, 01:09 PM

Quote:

Originally Posted by alamo

Not true, unless there is some last-capped-year provision I am unaware of.

Vets whose salaries which are guaranteed because they were on the first game roster have the option to receive the rest of their pay, but it's a one-time-only option in your career.

And my understanding is they make the request at the end of the season, it doesn't happen immediately. So presumably the cap hit goes into next season. (So maybe the last capped year does make a difference in this case but I've never seen it said, it could be a loophole.)

And it looks like it doesn't apply if they re-sign with the team that cut them without missing a game.

pencilneckgeek · 10-20-2009, 01:20 PM

The real question is how this affects the cap next year. Clearly, cap money is being spent this year to tie up TBC and Alexander for next year and/or beyond w/o as big a hit in future years. Wonder if this tells us anything about the probability of next year being uncapped?

Synovia · 10-20-2009, 02:04 PM

Quote:

Originally Posted by JSn

And it looks like it doesn't apply if they re-sign with the team that cut them without missing a game.

Right, but the absolute least you can sign them for again is vet minimum, which means no cap savings. Their cap numbers are both going up, not down.

TBC has already been resigned, so his number goes up, and Alexander either gets signed with his cap number going up, or he doesn't get resigned, and his cap number stays the same.

jmt57 · 10-20-2009, 02:17 PM

I think I'll just wait for Miguel to post his analysis rather than speculate how these moves affect the team's cap.

Synovia · 10-20-2009, 02:21 PM

Quote:

Originally Posted by jmt57

I think I'll just wait for Miguel to post his analysis rather than speculate how these moves affect the team's cap.

There's no speculation. There's no possible way the cap can be decreased when you release and resign a bunch of min-sal players. The only question is how much the cap went up, and no one (including miguel) will know that until the details of the new contracts are released.