Patspsycho

With this flurry of cuts prior to the trade deadline, how much cap space did we actually clear up, if any?

Patspsycho

PFT's Florio answers that exactly $2.87 million has been cleared up.

Mack Herron

But not if they re-sign Alexander and TBC, right?

Synovia

I'll believe that when Reiss (or miguel) says something. Florio is wrong more than hes right.

Anyone know exactly how the guaranteed vet salaries work with regards to the cap? (I know if you're on the roster on week 1, and on vet min, the salary is guaranteed)

JSn

Right, unless they resign them AFTER trading for a player and restructuring THAT contract.

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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.

spacecrime

Could you elaborate on this? I don't understand what you are getting at. Are you saying that if they trade for a player, say Branch, and then resign TBC, the rules are different than if they resign TBC before trading for Branch.

NOTE: I am not suggesting trading for Deion, I dislike him immensely. Just using him as an example.

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“When we look at the board, based on everything we want in a football player at that particular time, we evaluate them and take the player that fits best for our football team. That’s what we always do, and I think the last nine years we’ve put a pretty competitive team out there on the field every year. I think that’s how you do it – you get good football players. Sometimes they are not always at the No. 1 position, but I don’t think you pass up good football players to get the guys who aren’t as good just because they’re at a position that somebody feels you need.”
BB on his draft philosophy, April 2010

JSn

Maybe my hat is too tight. And I include that I'm guessing.

What I'm saying is that if any of these cuts clear space somehow, you use that space to trade for a guy who costs more than you could afford before you cut the guys. You then restructure the new player's deal to reduce his cap hit, and THEN when you have the cap space back, re-sign the guys.

If I'm wrong, I guess I could post a shame avatar. Just trying to make sense of this nuttiness. These moves happening at THIS TIME mean SOMETHING. Like MAYBE my CAPS LOCK button is STICKING.

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JSn

My theory is taking on water. TBC already re-signed. hmph!

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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