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Does that factor in the $6.2m or so that we need to sign our draft picks?
No. My numbers are of today.
BTW, there is no way that it wil take $6.2 million to sign the draft picksl
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How much do you think it would take to sign the draft picks? Is it a lot less than the 6.2 million?
Way less.
Maroney went 21st, his cap hit was $1.2M last year. Worst case, multiply that by two for two first rounders, that's $2.5M. Rookie inflation is easily evened out by 21st vs. 24th and 28th.
Dave Thomas, 3rd round is our next pick, had a cap hit of $435 - about $150K over the minimum. So every player 3rd round and on you're looking at $100K - $200 over the player he replaces on the roster.
Say 7 of those for another million, that's $3.5M, there's still a few million left and I believe the scenario for the two #1s was worse than it'll really be.
Dave Thomas, 3rd round is our next pick, had a cap hit of $435 - about $150K over the minimum. So every player 3rd round and on you're looking at $100K - $200 over the player he replaces on the roster.
Last year only the prorated portion of the signing bonus for those picked in the 3rd round or later hit the cap when they signed. Last year's draft pick class had a net cap cost of $1.5 million because of the rule of 51.
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So really, we're looking at 12-12.5M or so, taking into account for rookie signings, but also taking into account for booting the people replaced by our picks. Sounds like even with the rainy day fund for in-season pickups, we can have a ways to go before being done.
Maroney went 21st, his cap hit was $1.2M last year. Worst case, multiply that by two for two first rounders, that's $2.5M. Rookie inflation is easily evened out by 21st vs. 24th and 28th.
Dave Thomas, 3rd round is our next pick, had a cap hit of $435 - about $150K over the minimum. So every player 3rd round and on you're looking at $100K - $200 over the player he replaces on the roster.
Say 7 of those for another million, that's $3.5M, there's still a few million left and I believe the scenario for the two #1s was worse than it'll really be.
The top 51 players count toward the cap at this time of year
Right now the 51st player is Childress at a $366K cap hit
the 50th is Andrews at $378K
the 49th is Smith at $384K
These players are equivalent to what a 4th round pick hits the cap for. As more vets are added (Stallworth, Seau, Brown, etc) the bottom #51 salary goes up.
There are 4 players already counted toward the cap that probably won't make the final 53 - Mruckowski - $856K, Baker $856K, Jonathan Smith $518K and Kranchick $441K. Those 4 total $2.6 mil in cap hits. If they were replaced by rookies at $285K, that saves @ $1.5 Mil on the cap. That is enough to pay a top rookie so it is a wash. The other first round pick would also for conversation purposes make $1.3 mil (cap hit $1.3 - $384 = $1 mil) and the third rounder come in at @ $150K additional cap hit.
So, assuming 7 rookies make the 53 (this is too high IMHO, more like 5) the cap hit to sign the rookies is in the $1.5 mil range. Take it to $2 mil to be conservative, which is a far cry from the $6 mil numbers I am seing floating around here for the "rookie pool". The cap hits are different than the "pool" numbers.