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Colts are now under the cap

Discussion in 'PatsFans.com - Patriots Fan Forum' started by workhorse, Mar 6, 2006.

  1. workhorse

    workhorse Rotational Player and Threatening Starter's Job

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    Peyton and Marvin redid their deals and shaved off about $12.5 million from the cap. So the Colts are not only not having to worry about cutting anyone, they have a couple million to spare.

    link
     
  2. sarge

    sarge Rotational Player and Threatening Starter's Job

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    Since the article made no mention of Manning or Harrison giving any money back, I am real curios how they pulled that one off!
     
  3. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    #75 Jersey

    Gee, I wonder who on this board predicted this ;)
     
  4. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    See my guess at how the Colts pulled it off at
    http://www.patscap.com/manning.gif
     
  5. gomezcat

    gomezcat It's SIR Moderator to you Staff Member PatsFans.com Supporter

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    Nice one. If you know the numbers for next week's (UK) National Lottery, I'll buy the ticket and split 50-50 with you. :D

    BTW, what's your best guess about the next CBA? Does 58% of revenue seem likely?
     
  6. shakadave

    shakadave In the Starting Line-Up

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    I once pointed out, and will mention again, that the Colts are not as dumb with the salary cap as we often think they are. Sure they're chokers, but they field a legitimate team in the salary cap era each year.
     
  7. hwc

    hwc In the Starting Line-Up

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    Miguel:

    When calculating the "salary" for the 30% Rule, don't you have to include not only the base salary, but also the amount prorated for that year from the 2006 and 2007 option bonuses?

    Thus, for 30% rule calculations, the "salary" in your last example would be:

    2006: $5.005 million
    2007: $9.840 million

    My math isn't as good as it used to be, but that looks like more than a 30% increase to me.
     
  8. pats60

    pats60 On the Game Day Roster

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    I agree with you they know how the salary cap should be done.
    Bet they find a way to keep james too.
     
  9. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    If you are right and you probably are, then only explanation then, is that Manning gave up some money in 2007 or gave up some money in 2006 or both. How else could the Colts save $5 million on the 2006 cap and have the contract approved??
     
  10. workhorse

    workhorse Rotational Player and Threatening Starter's Job

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    Say it ain't so. :eek: I think some people on this board might roll over and die if they hear Peyton gave money up.
     
  11. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    Just thought of a way. The Colts added a LTBE incentive when that he is not likely to earn to Manning's contract for the 2007 year
     
  12. hwc

    hwc In the Starting Line-Up

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    I don't know. But, my hunch is that teams are probably using some buyout option at the team's choice. For example, take money out of Manning's deal and then put in a buyout option clause that restores the "x" million dollars he gave up if an option to terminate is exercised before a given date. This sort of thing might be a way to guarantee money that doesn't trigger the "guarantee" provisions of the salary cap because it is a team option.

    I would have to defer to Adam on the legality of such an approach.
     
  13. arrellbee

    arrellbee Rotational Player and Threatening Starter's Job

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    Would it be too much trouble to put the spreadsheet up as well as the GIF ?? I, for one, would really appreciate that if you could.
     
  14. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    Just realized that adding an incentive to the 2007 year would not help.
     
  15. MoLewisrocks

    MoLewisrocks PatsFans.com Supporter PatsFans.com Supporter

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    Only because we have it on good authority it is one lesser known of the signs of the apocolypse. :D
     
  16. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    #75 Jersey

    Will do once I get a chance.
     
  17. JD10367

    JD10367 Practice Squad Player

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    Who cares

    The Colts could be under the cap, at the cap, over the cap... who gives a rat's tookus. Why waste time talking about them like they're an actual concern? Let me know when Manning lives up to his potential and the Colts actually win the AFC; then I'll be concerned about them. They can't beat the Pats, and they apparently can't beat the Steelers either. File them under "I" for "insignificant until proven otherwise".... :D
     
  18. arrellbee

    arrellbee Rotational Player and Threatening Starter's Job

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    THANKS. !!
     
  19. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    #75 Jersey

  20. Joker

    Joker PatsFans.com Supporter PatsFans.com Supporter

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    True Dat


    and what new rules will Polian sneak through to further aid the Colts and Manling in the quest for "the ring!!"....Polian should invest in a laxative to ease Peytie's pucker ring
     

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