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2.) The 90% cap floor rule could kill them. That rule says that teams will have to spend 90% of cap in real dollars. The problem is that they have already given big bonuses to Ferguson, Mangold, and Revis. They already have $20 million in dead accrued bonus money in 2012. That could easily balloon up to $30 million. If the cap doesn't grow like it has, they might have a problem getting to the 90% cash line with $30 million of dead money vs. say a $124 million cap.
Revis, Mangold and Brick all get big bonuses this year (18, 9.7, and 3.7). (I seriously think the Jets had cash flow problems in 2010 because of how many bonuses they pushed to 2011 and because of the large number of cost saving measures they took in a capless year, but I digress).
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Revis, Mangold and Brick all get big bonuses this year (18, 9.7, and 3.7). (I seriously think the Jets had cash flow problems in 2010 because of how many bonuses they pushed to 2011 and because of the large number of cost saving measures they took in a capless year, but I digress).
I hope it cripples them cap wise and Tanngenius finally gets caught in cap hell
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Edit: According to Miguel's page we're a tad under 114 million with 76 signed players. Just thought I'd throw that in for discussion's sake.
Somebody correct me if I am wrong, but it sounds as if that $114 million number is (as noted) for 76 players; if I recall correctly there is a "rule of 51", which means for cap purposes only the cap figures of the top 51 players are calculated.
If that $114 million figure represents the total for 76 players, then the Pats are probably about $15 to $20 million under the cap; if not, then they'll have almost no choice but to restructure a few deals and/or cut a couple veterans.
Edit: if my math is correct, the cap figure of the top 51 salaries on Miguel's page comes to $109,888,940. There is also $1,050,031 in dead cap money; if the new CBA calls for that to be included in the 2011 cap then that puts the Pats current cap figure at $110,938,971 if we are to assume the NFL continues to use the Rule of 51 for their cap numbers. There is also the consideration of whether or not workout bonuses get paid and/or are included; Miguel's numbers do include workout bonuses that could have been earned if there had been no lockout.
I hope it cripples them cap wise and Tanngenius finally gets caught in cap hell
They were in cap hell last year but survived because they had very good health and they also did an incredible job getting high production from guys with fairly low salaries (Holmes, Edwards, Pool, Cromartie, Taylor, Pryce, LDT, Slauson). They gave up some picks to do it and they're paying the piper now.
Same deal this year; I'm sure they'll field a team but they're going to end up losing a ton of guys and they're going to need high production from players who are either untested or cheap and old.
Edit: if my math is correct, the cap figure of the top 51 salaries on Miguel's page comes to $109,888,940. There is also $1,050,031 in dead cap money; if the new CBA calls for that to be included in the 2011 cap then that puts the Pats current cap figure at $110,938,971 if we are to assume the NFL continues to use the Rule of 51 for their cap numbers. There is also the consideration of whether or not workout bonuses get paid and/or are included; Miguel's numbers do include workout bonuses that could have been earned if there had been no lockout.
Good call on the top 51.
The Pats roster is already in a very good spot. We have to consider they'll need room for the rookies. But they also have Mankins on the books for 10 - could go down a little if they sign him to a longer deal. They have Kaczur, TBC, Sanders & Crumpler making about $10 million, and anyone of them could be restructured/cut/etc., in some way. Or not. We have that luxury.
Bottom line - Pats are in as good a situation as anybody. The team was elite last year, lost no one of consequence save for Light (who maybe they resign anyway, though doubtful), has youth which already made huge strides last year, and added some potentially impact players in the draft.
They were in cap hell last year but survived because they had very good health and they also did an incredible job getting high production from guys with fairly low salaries (Holmes, Edwards, Pool, Cromartie, Taylor, Pryce, LDT, Slauson). They gave up some picks to do it and they're paying the piper now.
Same deal this year; I'm sure they'll field a team but they're going to end up losing a ton of guys and they're going to need high production from players who are either untested or cheap and old.
The Jets were not in "Cap Hell" last year. The issue with THIS YEAR is that they have numerous players who will be UFAs who they expected to be able to retain due to having less than 6 accrued years. Players that were KEY to their team. Players like Holmes and Edwards.
There is a NYJetscap.com that has them with 57 players and a "Top 51" number of $101 million. But it doesn't include any dead money from having cut Taylor, Jenkins, Woody. And it doesn't include any of the bonus money that is supposed to be paid out this year or the $10 million cap figure for David Harris.
Doing more digging, I found that the Jets have $138 million in salary cap commitments. Again, the dead money will be a big question. They'll free up some money signing Harris to a long term deal.
With their being a Cash Floor and a Total Cap, it's going to make things a lot more interesting.
The Jets were not in "Cap Hell" last year. The issue with THIS YEAR is that they have numerous players who will be UFAs who they expected to be able to retain due to having less than 6 accrued years. Players that were KEY to their team. Players like Holmes and Edwards.
Ok they were in "cap purgatory" or something last year; this year their position is clearly worse.
Not sure where you got that 138 number from. But yes, Tanny will have to dance for them to put together a 2011 team that's as talented as their 2010 team.
Last edited by Shelterdog; 07-15-2011 at 11:24 AM..
Ok they were in "cap purgatory" or something last year; this year their position is clearly worse.
Not sure where you got that 138 number from. But yes, Tanny will have to dance for them to put together a 2011 team that's as talented as their 2010 team.
I got it from an interview that the guy who runs NYJetscap.com did in February of 2011.
The guy who maintains the JETSCAP page has been in a state of denial for a while now making assumptions based on rumored insight from an unnamed source who convinced him that there would be no dead cap among other things... Lucky for us Miguel doesn't make attempts to homer rationalize his cap page. He makes only reasonable assumptions and only relies on those in the absence of overwhelming evidence or clear facts to the contrary.
This article by Andrew Brandt is probably as good a summary of where we appear to be on the CBA as of this AM and what remains to be hammered out.
Breer also has a piece up where he states that the initial revenue split appears to be between 47-48% players and 52-53% owners. He also states the cash cap will be 90% on a team basis but the overall league cash cap will be 99%. There will be no cash over cap limit which the have nots likely wanted (since they see that as a competitive disadvantage), but if the real benchmark is league spending and the big spenders drive that figure up by cash spending in excess of 100% the cap it may mitigate the need for the low revenue teams to hit that 90% mark. We'll need to see the details before we know how the cash floors and cap ceilings really work. I wonder if the reported $3M pseudo mid level exemption for 2010 only ends up replacing veteran minimum cap exemptions.
The good news is even De is now talking about votes...so there must have really been the reported progress.
Edited to add referenced Brandt link as well as Breer one...
The guy who maintains the JETSCAP page has been in a state of denial for a while now making assumptions based on rumored insight from an unnamed source who convinced him that there would be no dead cap among other things... Lucky for us Miguel doesn't make attempts to homer rationalize his cap page. He makes only reasonable assumptions and only relies on those in the absence of overwhelming evidence or clear facts to the contrary.
Mo - I agree that the guy at NYJetscap.com has been making assumptions about the dead money. It's why I said that a lot depends on what they do with it..
I wholeheartedly agree that Miguel rocks. The saying of "Often immitated, but never duplicated" comes to mind when it comes to Miguel's page and it's accuracy.