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Teams have too much money left!

Discussion in 'PatsFans.com - Patriots Fan Forum' started by shakadave, Jun 7, 2006.

  1. shakadave

    shakadave In the Starting Line-Up

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    Looking over the reasonably-up-to-date salary cap data at
    http://www.askthecommish.com/salarycap/numbers.asp I'm amazed at how much money teams still have in reserve. 14 teams with double-digit millions to spend (the top ten teams average $14.3m!) and another 7 teams with $7m-$10m. I'm worried that teams have learned from NE, Phi, etc. how to be smarter with their money. Three years ago, we'd be one of only a handful of teams with cap room left about now.

    Back to this year, even after signing all rookies, I don't see how teams will spend it all. I can see why Ty Law thinks he might get big money. I suppose there will be a lot more contracts extended during the summer than we used to get in a typical year.
     
  2. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    I think it's more due to the new cap number than fiscal restraint, especially when looking at the signings this past offseason. There just weren't enough UFA is one offseason to use up all the money.
     
    Last edited by a moderator: Sep 17, 2005
  3. patchick

    patchick Moderatrix Staff Member PatsFans.com Supporter

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    #50 Jersey

    Yep...this year is something of an anomoly, because the cap is in "new" dollars, while rosters are still loaded with contracts written in "old" dollars. Chances are teams will work themselves into new cap trouble bit by bit as those legacy deals expire.
     
    Last edited by a moderator: Sep 17, 2005
  4. WhiZa

    WhiZa Experienced Starter w/First Big Contract

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    I'm also curious on why so many teams are holding onto that much cap space over the amount allocated for rookies. Perhaps they are waiting for some TC cuts?
     
  5. Tyler Faith

    Tyler Faith Practice Squad Player

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    Most teams haven't signed their draft pics yet either and a lot of the top highest amounts of cash teams listed are the weaker, lower record, earlier drafted, most expensive rookies teams. They need the breathing room just to get their new stars locked down.

    Nice to see the Pats as the #2 team with the most in reserve though!
     
    Last edited: Jun 7, 2006
  6. pats1

    pats1 Moderator PatsFans.com Supporter

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    Welcome to the post-CBA extension NFL.

    In 2003, the cap was around $75 mil.

    In 2006, the cap will be at $102 mil.
     
    Last edited: Jun 7, 2006
  7. Lloyd_Christmas

    Lloyd_Christmas I can delete my own crap! PatsFans.com Supporter

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    No sense in wasting cap dollars this year. Extend some contracts or rework some deals to remove some of the BACK loading.
     
  8. patchick

    patchick Moderatrix Staff Member PatsFans.com Supporter

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    #50 Jersey

    Makes sense to me. The trick, of course, is that neither of these is nearly as straightforward as the tricks to push cap dollars to the future. Converting salary to bonus, for instance, is typically a no-brainer for both sides.

    Writing an extension means not only agreeing on future money but most likely agreeing to sweeten the current year's deal. And moving money forward in a backloaded deal means a big new assumption of risk for the team -- essentially guaranteeing salaries that are 2, 3, 4 years down the road. In both cases it's not just cap dollars but real dollars at stake. I'll be curious to see what kind of strategies teams cook up as the season approaches.
     
  9. JustWinBrady

    JustWinBrady On the Game Day Roster

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    I don't believe seymour's contract is on the books just yet. It will be sometime in august.
     
  10. RayClay

    RayClay Pro Bowl Player

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    #75 Jersey

    Bet you could help some of those teams spend to the cap, Tyler.

    No offense.:D
     
  11. shakadave

    shakadave In the Starting Line-Up

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    Do we know how much of a cap hit Seymour will cost us in August?

    Also, if it's time for the season to start and we still have significant cap space, wouldn't we reverse the usual trend and make somebody's bonus money into 2006 salary? Then we'd REALLY have spending room for 2007.
     
  12. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    #75 Jersey

    IIRC, Adamjt reported on this board:
    "The "extension" is for only three more years past 2006. Seymour got a renegotiation bonus of $5.34 million, prorated at $1,335,000 per season. He also got a workout bonus of $100,000 in addition to his standard $6,160 workout bonus. His $585,000 base salary, plus his $1,335,000 prorated bonus and $100,000 additional workout bonus add up to $2.02 million -- exactly what his salary would have been, which is why his cap number is the same.Next year, Seymour is due an option bonus of $18.66 million. If the option is not exercised, Seymour will become a free agent in 2008, and his 2007 base salary becomes $19.26 million AND is guaranteed. He has workout bonuses of $106,720 each season from 2007 through 2009.His cap numbers each season will be $4,420,160 in 2006, $8,261,720 in 2007, $8,391,720 in 2008 and $11,346,720 in 2009."

    From a very reliable resource - "fyi, the $18.66M option bonus is actually two option bonuses . . . the first, for $6.66M is due between aug. 4 of this year and march of next year . . . the second, for $12M is due by march 7 of next year"

    While the Pats can pay Seymour his option bonus in August, as far as I can tell, they are not under any obligation to do so, which is why I do not have the option bonus hitting the 2006 cap yet.

    Also, if it's time for the season to start and we still have significant cap space, wouldn't we reverse the usual trend and make somebody's bonus money into 2006 salary? Then we'd REALLY have spending room for 2007.[/QUOTE]
     
    Last edited by a moderator: Sep 18, 2005
  13. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    #75 Jersey

    Cap Room versus Rookie Pool

    Team Rookie Pool 5/30 Cap Room Gross Difference
    Philadelphia $4,256,970 19,258,941 $15,001,971
    New England $4,617,429 16,948,850 $12,331,421
    San Diego $3,724,681 14,721,141 $10,996,460
    New Orleans $5,220,174 14,101,770 $8,881,596
    Jacksonville $2,871,527 13,849,216 $10,977,689
    Arizona $4,100,955 13,711,949 $9,610,994
    Minnesota $3,708,617 13,070,950 $9,362,333
    New York Jets $6,631,295 13,065,284 $6,433,989
    Dallas $3,786,517 12,891,215 $9,104,698
    Seattle $2,830,866 11,722,808 $8,891,942
    San Francisco $5,646,962 11,643,083 $5,996,121
    Green Bay $6,647,633 10,791,770 $4,144,137
    Cleveland $4,876,144 10,580,843 $5,704,699
    Buffalo $5,366,937 10,533,775 $5,166,838
    Cincinnati $3,688,985 9,734,772 $6,045,787
    Detroit $4,121,438 9,429,979 $5,308,541
    Indianapolis $3,157,508 9,037,570 $5,880,062
    Kansas City $3,394,243 8,837,310 $5,443,067
    Tampa Bay $4,213,367 8,259,637 $4,046,270
    St. Louis $4,880,531 7,144,511 $2,263,980
    Baltimore $4,762,876 7,026,792 $2,263,916
    Chicago $2,899,270 5,276,760 $2,377,490
    Carolina $3,673,327 4,729,051 $1,055,724
    Denver $3,853,423 4,514,313 $660,890
    Washington $2,241,339 4,239,799 $1,998,460
    New York Giants $3,523,882 3,276,080 ($247,802)
    Pittsburgh $3,852,681 3,219,914 ($632,767)
    Miami $3,023,638 3,066,387 $42,749
    Houston $5,390,902 2,749,588 ($2,641,314)
    Oakland $4,504,263 2,374,897 ($2,129,366)
    Atlanta $2,069,514 1,636,389 ($433,125)
    Tennessee $5,844,517 795,935 ($5,048,582)

    Please note that Houston's cap room includes the effect of signing Mario Williams. The Steeler's cap room includes the effect of signing a draft pick - Willie Colon.

    Please note that the NET cap effect of signing draft picks will be much less than the gross number because of the rule of 51. For example, signing Willie Andrews will have a net cap effect of around $14,000 (projected signing bonus proration) because his cap number of $289,000 is less than the cap number of the player with the 51st highest cap number ($425,000).
     
  14. Tyler Faith

    Tyler Faith Practice Squad Player

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    Yes, I'd be happy to accept some new Channel or jewelry...but how that relates to this thread, I'm unaware?! Go to General Talk if you want to jump off the football topic buddy. ;)
     
  15. zippo59

    zippo59 Experienced Starter w/First Big Contract

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    Miguel whenever you start talking cap my eyes cross and the text blurs into a mass of indiscernible characters. I respect your knowledge on the subject so much because I have no idea what's going on.
     
  16. marty

    marty In the Starting Line-Up

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    Ahhh, an honest response to the subject!!!! I'll second that and just add...
    Is this a case of... "to be tight, or not to be tight, that is the question!:D

    I'm confident that our FO will make the best of the new CBA rules/monies.
     
  17. aabtec

    aabtec On the Game Day Roster

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    The cap has gone up but has the talent ? While many teams are under the cap by double didgits there does not seem to be the talent that warrants spending big money. Plus the owners are not going to let their GM's write stupid contracts. There are more BB disciples out there now.
     
    Last edited by a moderator: Sep 18, 2005
  18. zippo59

    zippo59 Experienced Starter w/First Big Contract

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    As someone pointed out we are in the transition period where the cap goes up big but the contracts have stayed relatively the same. Over time the contracts will catch up and the players will take up the same percentage of the cap as they were before. This is how inflation works.
     
  19. Lloyd_Christmas

    Lloyd_Christmas I can delete my own crap! PatsFans.com Supporter

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    Right! That is what I was thinking... there was a big jump in the cap this year, so it would be dumb to waste that cap money... better to push some future cap money forward and max out this year's cap in order to save some cap space in future years.
     
  20. Mike the Brit

    Mike the Brit Minuteman Target PatsFans.com Supporter

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    Disable Jersey

    Right.

    And agents, who aren't stupid (snakes, maybe, but clever ones) know this and have a strong incentive to wait before doing a deal until some of that inflation takes place. You can bet that there are plenty of teams approaching players offering to extend contracts at rates that last year the player would have jumped at -- but their agent is saying: let's hold off on this for a while.
     

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