ATippett56
Pro Bowl Player
- Joined
- Oct 3, 2005
- Messages
- 11,346
- Reaction score
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CLARIFYING THE RECENT CAP DEADLINE
http://www.profootballtalk.com/rumormill.htm
There's been some confusion in the media (due in part to a report posted in this space on Monday) regarding a supposed Tuesday deadline for contract extensions that utilize 2007 cap room as salary or as bonus allocation.
So we went to the ultimate source to get the accurate information.
NFL spokesman Greg Aiello told me via e-mail this morning that the deadline relates only to the manner in which salary increases are treated. Prior to the deadline, any base salary increase would be counted only against the 2007 cap. After the deadline, the increase is prorated as if it were a signing bonus.
Aiello also said that the deadline was Monday at 4:00 p.m. So it has already passed.
Thus, if the Pats were to extend the contract of receiver Randy Moss beyond the 2007 season, any increase to his 2007 base salary aimed at chewing up 2007 cap room would only partially count against the 2007 cap. Prior to Monday at 4:00 p.m., any 2007 salary increase would have counted only against the 2007 cap.
http://www.profootballtalk.com/rumormill.htm
There's been some confusion in the media (due in part to a report posted in this space on Monday) regarding a supposed Tuesday deadline for contract extensions that utilize 2007 cap room as salary or as bonus allocation.
So we went to the ultimate source to get the accurate information.
NFL spokesman Greg Aiello told me via e-mail this morning that the deadline relates only to the manner in which salary increases are treated. Prior to the deadline, any base salary increase would be counted only against the 2007 cap. After the deadline, the increase is prorated as if it were a signing bonus.
Aiello also said that the deadline was Monday at 4:00 p.m. So it has already passed.
Thus, if the Pats were to extend the contract of receiver Randy Moss beyond the 2007 season, any increase to his 2007 base salary aimed at chewing up 2007 cap room would only partially count against the 2007 cap. Prior to Monday at 4:00 p.m., any 2007 salary increase would have counted only against the 2007 cap.
