Colts are now under the cap

[workhorse]

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

 

[sarge]

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

 

[Miguel]

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

Gee, I wonder who on this board predicted this

 

[Miguel]

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

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

 

[gomezcat]

Gee, I wonder who on this board predicted this

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.

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

 

[shakadave]

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.

 

[hwc]

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

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.

 

[pats60]

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.

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

 

[Miguel]

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.

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??

 

[workhorse]

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??

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

 

[Miguel]

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??

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

 

[hwc]

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??

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.

 

[arrellbee]

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

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.

 

[Miguel]

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

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

 

[MoLewisrocks]

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

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

 

[Miguel]

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.

Will do once I get a chance.

 

[JD10367]

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"....

 

[arrellbee]

Will do once I get a chance.

THANKS. !!

 

[Miguel]

Latest estimate
http://www.patscap.com/manning.gif
Workbook
http://www.patscap.com/manning.xls

 

[Joker]

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"....

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