13.9 million

[SamBamsFan]

No. My numbers are of today.

BTW, there is no way that it wil take $6.2 million to sign the draft picksl

But before the draft, the numbers come out for the "Rookie Pool". I thought all of that money in the pool (whether it was used, or otherwise), had to be set aside to participate in the draft. I thought our numbers last year were $5.5M (which would have increased w/ the extra !st rounder). According to redzone.com they were:
New England 10(picks) $4,617,429

This year we'll probably have 9-10 picks when you include the compensation picks, what do you see as our projected cost entering the draft?

 

[PatsFanInVa]

Just a noodge from a fellow poster to everybody -- man up on the soup kitchen. We get good info from Miguel, he has 1 request in return.

Just sayin.

PFnV

 

[solman]

But before the draft, the numbers come out for the "Rookie Pool". I thought all of that money in the pool (whether it was used, or otherwise), had to be set aside to participate in the draft.

No.

The rookie pool is a MAXIMUM, not a minimum.

The Pats don't have to sign any of their rookies, and can spend all of their cap space on veterans.

 

[DaBruinz]

No.

The rookie pool is a MAXIMUM, not a minimum.

The Pats don't have to sign any of their rookies, and can spend all of their cap space on veterans.

This is true. But then they are not allowed to participate in the draft.

 

[Miguel]

But before the draft, the numbers come out for the "Rookie Pool".

That's not true. The rookie pool for each team is announced AFTER the draft.

The rookie pool is, essentially, a cap within a salary cap. It represents the maximum in aggregate salary cap value that a team is permitted to invest in its draft choices and also the undrafted free agents it signs. It is included in, not exclusive of, the team's overall spending limit of $71.101 million for the 2002 campaign." .."Because of the so-called "rule of 51" -- which stipulates that only the 51 highest-paid players on a team's roster count against its salary cap during the offseason -- clubs will not have to carve out the entire difference between their available cap space and rookie pool allocation. For the most part, teams' middle- and low-round draft choices don't rate among the 51 highest-paid players on the roster and make no dent in the salary cap.

 

[Miguel]

This year we'll probably have 9-10 picks when you include the compensation picks, what do you see as our projected cost entering the draft?

I hate to guess but I would say that the net cost will be around the same as last year - $1.5 million.

 

[SamBamsFan]

I hate to guess but I would say that the net cost will be around the same as last year - $1.5 million.

Thanks for the clarification.

 

[solman]

That's not true. The rookie pool for each team is announced AFTER the draft.

The formula is determined before the draft. Teams already know how much rookie pool space is going to be assigned to their picks.

The announcement is delayed because (non-compensatory) picks can be traded right up until the moment they are used.

Whichever team uses the pick gets the rookie pool space associated with that pick.

This is why when San Diego traded Eli Manning to the Giants, they kept the rookie pool space associated with the number one pick.

 

[Miguel]

The formula is determined before the draft. Teams already know how much rookie pool space is going to be assigned to their picks.

How???

Page 33 of the CBA says "The list of each Formula Allotment attributed to each draft selection shall be agreed to by the NFL and the NFLPA, and shall not be disclosed to Clubs, Players, Player Agents or the public

 

[PatsFanSince74]

Why doesn't this thread have a Star or two? It's one of the best and most informative in a while?

 

[solman]

How???

Page 33 of the CBA says "The list of each Formula Allotment attributed to each draft selection shall be agreed to by the NFL and the NFLPA, and shall not be disclosed to Clubs, Players, Player Agents or the public

You are unquestionably right, and I am unquestionably wrong.


That said, last year I DID have a list of first round and second round allocations in Excel form that I got off of the internet BEFORE THE DRAFT, and after the draft it appeared to be exactly correct.

It could be that somebody figured out how to replicate the numbers, and they use the same formula every year, or

It could be that the assumptions I used to verify the spreadsheet were wrong, or

It could be that the actual numbers were leaked.

 

[PatsFanSince74]

You are unquestionably right, and I am unquestionably wrong.


That said, last year I DID have a list of first round and second round allocations in Excel form that I got off of the internet BEFORE THE DRAFT, and after the draft it appeared to be exactly correct.

It could be that somebody figured out how to replicate the numbers, and they use the same formula every year, or

It could be that the assumptions I used to verify the spreadsheet were wrong, or

It could be that the actual numbers were leaked.

thanks for taking a crack at some tough analysis anyway! i think a lot of us learned a lot from the discussion.