- On July 28th the Patriots released Josh Hull freeing up $150,000 in cap space as Michael Buchanan’s $495,000 salary took Hull’s $645,000 salary in the Top 51 list.
- Also on July 28th the Patriots claimed Tyler Gaffney. This signing did not affect the Patriots salary cap at all since his former team, the Panthers, are responsible for his signing bonus prorations and his $420,000 salary is not high enough to make it to the Top 51 list. On August 30th the Patriots will be able to place Gaffney on the Injured Reserve list without exposing Gaffney to the waiver process. At that time his salary will drop from $420,000 to $303,000. His $303,000 salary will start to count against the 2014 cap on midnight, September 4th.
- Also on July 28th Greg Orton cleared waivers at 4PM. He was then placed on IR. Once Orton is on IR his salary should drop from $420,000 to $303,000. $303,000 is the split salary for a player who was earning a $420,000 salary. If the five days is 5 calendar days, the Patriots have until 4PM on August 2nd to reach an injury settlement. If it is 5 business days, the Patriots and Orton have until 4PM Monday August 4th to reach an injury settlement. I doubt that with a torn Achilles Orton will agree to an injury settlement.
- On July 29th Alfonzo Dennard was activated from the PUP list
- On July 31st Matthew Slater was activated from the PUP list
- Updated my blog post that lists the Patriots eligible for the practice squad. listing the reasons why I think that the player is eligible.
- 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.
- Net cap savings if cut
- 2014 and 2015 dead money hits if cut
- The Patriots started the week with $6,403,532 in cap space. They ended the week with $6,553,532 in cap space. The Patriots ended the week with 90 players on their 90-man active roster and one player on Injured Reserve. As you can see on the NFLPA site the league average is $10,549,660.69 so the Patriots have just under $4 million less than the league average. The Patriots have the 11th amount of cap space.
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