With a 2014 cap number of $10,500,000 Logan Mankins has the 3rd highest cap number on the Patriots. As of February 1, 2013 Logan had the 3rd highest cap number for a guard in the NFL and the 8th highest cap number for an offensive lineman. I was asked how could the Patriots lower Mankins’ cap number. Here are the four most likely ways.

Current cap numbers
2014 -$10,500,000 – 6.25m salary +250K workout bonus + 4m prorated signing bonus
2015 – $11,000,000 – 6.75m salary +250K workout bonus + 4m prorated signing bonus
2016 – $7,000,000 – 6.75m salary +250K workout bonus

1.) Converting all but $855,000 of his $6.25m salary and workout bonus money ($250,000) to a signing bonus would change the above numbers to
2014 – $6,736,666 (a $3,763,334 savings) – 855,000 salary + 5,881,666 prorated signing bonus
2015 – $12,881,666 – (a $1,881,666 increase) – 6.75m salary +250K workout bonus + 5,881,666 prorated signing bonus
2016 – $8,881,668 – (a $1,881,668 increase) – 6.75m salary +250K workout bonus + 1,881,668 prorated signing bonus

2) Releasing Mankins after 6/1 or making him a 6/2 designation would change Mankins’ numbers to
2014 – $4,000,000 ($6,500,000 gross saving and a $6,080,000 net savings on the cap as a player with a $420,000 salary would replace Mankins in the Top 51 list)
2015 – $4,000,000- (a 7 million savings)
2016 – $0 – (a 7 million savings)

3.) Releasing Mankins before 6/2 would change Mankins’ numbers to
2014 – $8,000,000 (a $2,500,000 gross saving and a $2,080,000 net savings on the cap as a player with a $420,000 salary would replace Mankins in the Top 51 list)
2015 – $0 – (a 11 million savings)
2016 – $0 – (a 7 million savings)

4.) Extend his current deal through the 2018 season while converting all but $855,000 of his $6.25m salary and workout bonus money ($250,000) to a signing bonus. His 2014 cap number would then go from $10,500,000 to $5,984,000 – a $4,516,000 savings

5.) Converting all but $1 million of his 2014 $6.25m salary and all but 1 million of his 2015 $6.75 salary to a signing bonus while lowering his 2016 salary from $6.75 million to $5 million would change the above numbers to
2014 – $8,916,666 (a $1,583,334 savings) – $1,000,000 salary + 7,666,666 prorated signing bonus +250,000 offseason workout bonus
2015 – $8,916,666 – (a $2,083,334 saving) – $1,000,000 salary + 250K workout bonus + 7,666,666 prorated signing bonus
2016 – $8,961,668 – (a $1,916,668 increase) – 5m salary +250K workout bonus + 3,666,668 prorated signing bonus