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I just read this from Broncos writer Dave Krieger:
Quote:
Their cap situation will also improve markedly next Thursday, when the NFL's 2011 league year belatedly begins. Peter Ruocco, the league's senior vice president of labor relations, confirmed Thursday that all dead money — money amortized from the contracts of cut or traded players — will come off the salary caps of all NFL teams in the new league year. That will clear roughly $17 million off the Broncos' books and put them well under the $120 million cap.
This provision of the new collective bargaining agreement was first reported locally by the Mile High Report, a Broncos blog that quoted the relevant portion of the as-yet- unpublished CBA. It will ease salary cap pressure on a number of teams, but few more so than the Broncos because of their high player turnover in the past couple of years.
Were you aware of this? I don't believe the Patriots have a ton of dead money, but figured I would pass it along.
Last edited by jmt57; 07-29-2011 at 10:35 AM..
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IF all teams get this provision not just those few cuting players early, who somehow "knew" and acted by 11 March then it's likely that this provision was simply a concession to the players union thereby freeing up tens of million$ that teams could spend on players. The side benefit is that once again irresponsible organizations again escape the consequences of their decisions.
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Were you aware of this? I don't believe the Patriots have a ton of dead money, but figured I would pass it along.
Thing is they have added dead money and will possibly continue to with cuts prior to the start of the league year. This rule should be amended to allow for dead cap forgivness for players cut prior to the start of the new league year as opposed to prior to the expiration of the prior CBA. Teams couldn't cut anyone in the interim until yesterday and can't officially sign anyone until tonight.
Bill commented the other day that some of the so called transition rules have changed or interpretations clarified over the the last couple of days. Perhaps this rule had some fluidity. It is odd that he notes that dead cap will return in 2012 for players cut after June 1...
IF all teams get this provision not just those few cuting players early, who somehow "knew" and acted by 11 March then it's likely that this provision was simply a concession to the players union thereby freeing up tens of million$ that teams could spend on players. The side benefit is that once again irresponsible organizations again escape the consequences of their decisions.
That would mean the clause that ESPN released (which is again MIA anywhere it was linked) was still subject to being tweeked to make the cutoff the start of the new league year as opposed to the end of the old CBA.
That would mean the clause that ESPN released (which is again MIA anywhere it was linked) was still subject to being tweeked to make the cutoff the start of the new league year as opposed to the end of the old CBA.
To be fair to everyone, I think you have to use the later cutoff, since a lot of teams refrained from releasing folks precisely because they didn't know what the cap ramifications might be.
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