solman
Rotational Player and Threatening Starter's Job
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We appear to be in good salary cap shape for 2008.
$13.4M - Initial cap space per Miguel
$05.5M - Cutting Stallworth*
$05.5M - Cutting Washington*
$05.5M - Cutting Colvin*
$02.5M - Presumed Effects of recent Brady restructuring**
$02.3M - Presumed Effects of next year's Brady restructuring***
That's $34.7M with 36 Players signed. With that money:
1. We have to sign 2007 and 2008 draft picks. Figure 9 players for less than $6M (unless SF stinks). Now we have $28.7M with 45 players signed.
2. We need to replace or re-sign our receiving corps. Figure $8M on two players in addition to our draft picks. ($20.7M with 47 players).
3. We need to replace or re-sign Colvin and Bruschi. Figure $8M for two players. ($12.7M with 49 players).
4. We need to replace Asante's contribution to our secondary. (I figure that Gay and Wilson can be replaced via the aforementioned new draftees. If we lose Harrison, his loss will also provide us with additional cap space.) Figure $7M for one player.
That leaves us with $5.7M and three roster spots, a perfectly responsible place to be heading into the 2008 season.
NONE of this involves any backloaded Indy style contracts, so we could easily manufacture an additional $10-$20M if we were willing to pay for it in future seasons. (Brady's cap hit over the final two seasons of his contract [if not extended] would be $13.5M per, which is probably underpaying for two years of Brady at his prime. Compare to Peyton's hit over the same period of $20.0M per.)
* Its just a curious coincidence that these three different contracts all result in the same cap savings.
** Assumes that $5M of $6M salary turned into bonus, and that left over cap space from this year is rolled into next year via LTBE loophole.
*** Assumes that $3M roster bonus and $4M of $5M salary turned into signing bonus. After these two restructurings, the final two years of Brady's contract would carry cap hits of $14.4M and $12.6M instead of $10.6M and $8.9M
$13.4M - Initial cap space per Miguel
$05.5M - Cutting Stallworth*
$05.5M - Cutting Washington*
$05.5M - Cutting Colvin*
$02.5M - Presumed Effects of recent Brady restructuring**
$02.3M - Presumed Effects of next year's Brady restructuring***
That's $34.7M with 36 Players signed. With that money:
1. We have to sign 2007 and 2008 draft picks. Figure 9 players for less than $6M (unless SF stinks). Now we have $28.7M with 45 players signed.
2. We need to replace or re-sign our receiving corps. Figure $8M on two players in addition to our draft picks. ($20.7M with 47 players).
3. We need to replace or re-sign Colvin and Bruschi. Figure $8M for two players. ($12.7M with 49 players).
4. We need to replace Asante's contribution to our secondary. (I figure that Gay and Wilson can be replaced via the aforementioned new draftees. If we lose Harrison, his loss will also provide us with additional cap space.) Figure $7M for one player.
That leaves us with $5.7M and three roster spots, a perfectly responsible place to be heading into the 2008 season.
NONE of this involves any backloaded Indy style contracts, so we could easily manufacture an additional $10-$20M if we were willing to pay for it in future seasons. (Brady's cap hit over the final two seasons of his contract [if not extended] would be $13.5M per, which is probably underpaying for two years of Brady at his prime. Compare to Peyton's hit over the same period of $20.0M per.)
* Its just a curious coincidence that these three different contracts all result in the same cap savings.
** Assumes that $5M of $6M salary turned into bonus, and that left over cap space from this year is rolled into next year via LTBE loophole.
*** Assumes that $3M roster bonus and $4M of $5M salary turned into signing bonus. After these two restructurings, the final two years of Brady's contract would carry cap hits of $14.4M and $12.6M instead of $10.6M and $8.9M
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