- Joined
- Jul 11, 2005
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WTF is going on with the Solder, Dowling and Vareen signings????? Solder's especially. Doesn't his agent know that he/or the kid himself, is KILLING his chances of being a significant contributor THIS season. He is going to get around $9MM over a 4 year period REGARDLESS of how it is constructed. WHAT IS THE HOLD UP. He needs to get on the practice field. To a lesser degree the same goes for Dowling and Vareen. Not signing just makes NO SENSE!
Even if they end up signing today, I'd like to know what the hold up was about
I wanted just to find out where the Pats are as it pertains to the cap. However I resisted my naturally lazy nature and actually went to Miguels pages to see for myself. Of course Miguel is such a stickler to accuracy he doesn't just give us the simple answer we'd all like to see. So, I just would like to see if my interpretation is correct.
According to Miguel the Pats are currently $9.7MM under the cap.....not counting the recent signings of Tracy White, Brandon McGowan, Sammy Morris, Kevin Faulk, Steve Williams, Marcus Cannon, and Malcolm Williams. Now with the exception of Faulk, the other 6 signings look like they are going to be pretty much minimum wage guys. So I am unclear where they will end up among the to 51 that counts to the cap. But lets make a conservative guess and say that those signings drop us to $8MM under the cap.
The next big question what is going to happen to the "dead money" when the league year starts. If it goes away*and I think it does) then we will have ANOTHER $5.5MM to play with. That brings us back to $13.5MM under.
Then I read about the 3 million dollar exemption you can get credit for on up to 5 guys with 5+ years in the league. Interesting you don't have to start pay that back until 2014. A period AFTER the next TV deal is supposed to bring in a whole BOATLOAD of new revenue, so there is no reason NOT to take that credit. So now We are at $16.5MM
Then I looked at Chad and Albert's contracts. Both could easily be restructured to spread their $11.5MM cap hit out a bit more judiciously. reportedly they are already in the process of doing that right now. Lets be conservative and say that when the dust clears, the Pats will be able to shave another $3.5MM from their current number, and it could be more, and the new number comes to $20MM under the cap.
Do a long term deal with Logan Mankins and you could conservatively shave off another 3+MM which gets us to $23MM
Now lets assume it will cost us 4MM to sign the 3 rookies still unsigned and $6 MM to get Light under contract. That would leave the Pats at CONSERVATIVELY $13MM under the cap. A number that would allow us to add ANY FA we wanted. We could sign Matt Roth AND Manny Lawson. BOTTOM LINE, if my numbers are even close to reality. The cap should NOT be a hindrance in signing any further FAs.
Now what I need from you guys is to let me know where I have gone wrong in my very amateurish attempt at understanding where the Pats stand. I need your help
Even if they end up signing today, I'd like to know what the hold up was about
I wanted just to find out where the Pats are as it pertains to the cap. However I resisted my naturally lazy nature and actually went to Miguels pages to see for myself. Of course Miguel is such a stickler to accuracy he doesn't just give us the simple answer we'd all like to see. So, I just would like to see if my interpretation is correct.
According to Miguel the Pats are currently $9.7MM under the cap.....not counting the recent signings of Tracy White, Brandon McGowan, Sammy Morris, Kevin Faulk, Steve Williams, Marcus Cannon, and Malcolm Williams. Now with the exception of Faulk, the other 6 signings look like they are going to be pretty much minimum wage guys. So I am unclear where they will end up among the to 51 that counts to the cap. But lets make a conservative guess and say that those signings drop us to $8MM under the cap.
The next big question what is going to happen to the "dead money" when the league year starts. If it goes away*and I think it does) then we will have ANOTHER $5.5MM to play with. That brings us back to $13.5MM under.
Then I read about the 3 million dollar exemption you can get credit for on up to 5 guys with 5+ years in the league. Interesting you don't have to start pay that back until 2014. A period AFTER the next TV deal is supposed to bring in a whole BOATLOAD of new revenue, so there is no reason NOT to take that credit. So now We are at $16.5MM
Then I looked at Chad and Albert's contracts. Both could easily be restructured to spread their $11.5MM cap hit out a bit more judiciously. reportedly they are already in the process of doing that right now. Lets be conservative and say that when the dust clears, the Pats will be able to shave another $3.5MM from their current number, and it could be more, and the new number comes to $20MM under the cap.
Do a long term deal with Logan Mankins and you could conservatively shave off another 3+MM which gets us to $23MM
Now lets assume it will cost us 4MM to sign the 3 rookies still unsigned and $6 MM to get Light under contract. That would leave the Pats at CONSERVATIVELY $13MM under the cap. A number that would allow us to add ANY FA we wanted. We could sign Matt Roth AND Manny Lawson. BOTTOM LINE, if my numbers are even close to reality. The cap should NOT be a hindrance in signing any further FAs.
Now what I need from you guys is to let me know where I have gone wrong in my very amateurish attempt at understanding where the Pats stand. I need your help