1.) On July 16th Armond Armstead retired. His retirement did not affect the Patriots 2014 salary cap at all because he was not among the Top 51. By retiring Armstead forego the $250,000 salary guarantee.
2.) On July 17th Jeremy Johnson and Reese Wiggins were waived. Their waivers did not affect the Patriots 2014 salary cap at all since they did not receive a signing bonus or have any of their salaries guaranteed.
4.) On July 20th the Patriots signed Nate Byham. Since he has 3 credited seasons his minimum salary is $645,000 and is not eligible for the veteran minimum salary benefit. A player needs 4 credited seasons to qualify for the MSB.
5.) Updated my examination of incentives and their impact on the Patriots salary cap. I try to substantiate why I believe that the Patriots will have to leave about a 4 million cushion at the beginning of the regular season to account for incentives.
6.) Updated my salary cap breakdowns. My breakdowns include the following
- Player’s age
- future cap hits
- when player hits Free Agency
- a comparison to NFL average for position
- Lists player’s salary cap rank among the Patriots and among the players at same position if the Patriot is among the Top 50 at his position
- lists Most overpaid
- Also lists Most underpaid.
7.) Thanks to a tweet by the Boston Globe’s Ben Volin learned that the Patriots received a $79,200 credit on their cap in late May as part of a settlement of Michael Jenkins’ grievance. Updated my breakdown of the Patriots dead money. Am glad to report that after learning that piece of information my salary cap space numbernow matches the NFLPA’s.
8.) Created a blog post that lists the Patriots eligible for the practice squad.
9.) The Patriots started the week with $6,403,532 in cap space. They ended the week with $6,178,532 in cap space. The Patriots ended the week with 90 players on their roster. As you can see on the NFLPA site the league average is $10,051,233.19 so the Patriots have about $3.9 million less than the league average. The Patriots have the 11th amount of cap space.
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