Where exactly did that 65m go last year, again? Mainly—Gilmore, HT, Harmon and Burkhead? I’m about to hire H & R Block to investigate because something still seems off to me. I guess they didn’t have too many players under contract, which is likely the correct answer, but still...damn.
Here's my estimate of the Pats 2018 cap space situation:
$21.2M (Miguel's current number)
-$2.7M DRAFT (estimate for 7 draftees + unknown number of UDFA)
-$6.0M Regular season emergency fund (minimum)
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$12.5M USABLE CAP SPACE for 2018
Here are (IMO) most of the moves (some extreme) that the Pats have left for creating more 2018 cap space (and it may not be quite this much):
$1.9M release McClellin
$2.2M extend-restructure Allen, 2 years
$3.2M extend-restructure Gronk, 2 years
$4.0M restructure McCourty
$6.0M restructure Brady
$3.8M extend Cooks, 5 years
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$21.1M CAP SPACE ADDED
$33.6M USABLE CAP SPACE for 2018
+ $2.2M cutting Gillislee
... but then you're creating yet another hole/weakness at RB that would need to be backfilled at some undetermined cost. Proven guys like Murray/McKinnon will cost more; unproven rookies will cost less.
+ $2.8M cutting Allen instead of restructuring
... but then you're creating yet another hole/weakness in the blocking schemes, which could become even more critical if Solder is replaced with a "lesser" player, and if all of Lewis/Burkhead/Gillislee need to be replaced, especially with rookies. And then, there's also a replacement cost to consider. It wil almost certainly be $2M+, if you're going for a different veteran TE; it would certainly be less if you're going for an unproven rookie.
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Then, here are some
very conservative estimates for the potential 2018 cap hits of re-signed, in-house UFAs:
$33.6M USABLE CAP SPACE
-$11.0M re-sign Solder, 2 years (his 2017 cap hit)
-$4.0M re-sign Fleming, 3 years
-$2.5M re-sign Burkhead, 3 years
-$1.5M re-sign M. Flowers, 3 years (ST level)
-$1.5M re-sign Ebner, 2 years (salary cut)
-$1.5M re-sign Slater, 1 year (salary cut)
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- $22.0M in RE-SIGNINGS =
$11.6 USABLE CAP SPACE
Note that the above list does NOT include Lewis, Waddle, Bademosi OR AMENDOLA.
So, fans want a veteran CB, Safety, LB, pass-rushing DE? That $11.6 M is roughly what there is left to spend on all that.
Time to get creative and look for bargains like Shelton ($2M) instead of Suh ($7M+).