Howe: Cap room is mainly gone

[Miguel]

What's $6.3 million between friends anyway?

I will go with Bedard's number just because his goes down to the last dollar (according to Bedard the Pats have $15,283,462). So I assume he has the official number.

I go down to the last dollar and I do not have the official number. His dead money total does not account for Larsen and Hix. I think that Bedard is keeping track on a workbook.

 

[Rob0729]

Jeff Howe now says the Pats have $11 million in cap space:

The Blitz with Jeff Howe & Karen Guregian | Boston Herald

He claims on Twitter that he is confident about that number, but Bedard replied that no one knows for sure and everyone is guesstimating.

https://twitter.com/jeffphowe/status/314069157236854785

I'm going with Miguel's number because I know he does his leg work and his guesses are usually spot on or at least close and Howe was already $2 million off his revised number. Howe's number (which doesn't Koutuvides) is still over $3 million off from Miguel.

 

[Rob0729]

I go down to the last dollar and I do not have the official number. His dead money total does not account for Larsen and Hix. I think that Bedard is keeping track on a workbook.

Fair enough.

I still think Bedard's number is more in line with your's and Over the Cap's.

 

[Huckleberry1]

Cap question. The teams do not have to have room for rookies until the draft, correct?

They can use up the money they have now and then clear out more for the rookies the weekend of the draft if they choose to go that route.

 

[dex13]

....since when does Herald sports reporting demonstrate knowledge of the truth?

 

[eom]

Cap question. The teams do not have to have room for rookies until the draft, correct?

They can use up the money they have now and then clear out more for the rookies the weekend of the draft if they choose to go that route.

not even then -- they really don't need to clear any room until the first rounder signs his contract, and that's just 1m
I wouldn't even worry about rookies.

they've got a solid 10m to burn today, and after that it probably gets into the realm of how much they want to spend this year vs save for next year.

 

[Huckleberry1]

not even then -- they really don't need to clear any room until the first rounder signs his contract, and that's just 1m
I wouldn't even worry about rookies.

they've got a solid 10m to burn today, and after that it probably gets into the realm of how much they want to spend this year vs save for next year.

Thanks, i think people are way too concerned about the rookie cap space. Sign the free agents they need to now and clear that cap space when they need to.

 

[eom]

Thanks, i think people are way too concerned about the rookie cap space. Sign the free agents they need to now and clear that cap space when they need to.

people keep throwing out this 5m figure for rookies, and maybe it's because our rookie pool allotment caps out at 5m, or something, but the actual net cap effect of signing our rookies will be +~1m, and we don't even know which players of the eventual 80 will get cut yet.
every team will be different.

they'll need a few misc million down the road, so they can set that aside now, or rely on restructures which eat into future years a bit.
I think there's also some provision for carrying cap over to next year that they could take advantage of, but the rookies count for virtually nothing.

 

[ctpatsfan77]

B) HOWEVER, we also need money for several other items: Player 52, Player 53, Practice Squads, replacements for players put on IR in camp, and an in-season insjury reserve. These could reasonably add up to $5M. A couple of restructures can handle this (Mankins and Gostkowski). Some folks talk about $5M for rookies. That's unreasonable. But we do need the $5M.

The Pats will need something on the order of $3M-$4M, but over half of that is already included in the cap.

 

[ctpatsfan77]

I think there's also some provision for carrying cap over to next year that they could take advantage of, but the rookies count for virtually nothing.

Yep—the Patriots just need to send a form to the league saying how much of the cap space they want to carry over to the succeeding year.

 

[eom]

» Over the Cap- Patriots 2013 Draft Class Rookie Contract and Salary Cap Estimates

here are the rookie figs from overthecap.com

remember, we only count the top 51 cap figs on our roster, so only those first 3 picks would even count, and each one pushes off a guy that's being counted right now at around 500k each.

the only guy on there with any kind of impact is the first rounder, and that's when he actually signs his contract --- until then he's assigned some chumpy placeholder value, I believe.

 

[eom]

The Pats will need something on the order of $3M-$4M, but over half of that is already included in the cap.

that probably sums it up best.

the chiefs draft first, and their total rookie cap is something like 7.4m, so I think a lot of writers kind of ballpark it for a league general figure.
in our case, we draft at the bottom of the round, and are missing a couple picks, so our total figure is only 3.3m, but that's IF you counted everyone, which is not the case, as only top 51 are currently counted.

net result is +~1m.

 

[PatsWickedPissah]

» Over the Cap- Patriots 2013 Draft Class Rookie Contract and Salary Cap Estimates

here are the rookie figs from overthecap.com

remember, we only count the top 51 cap figs on our roster, so only those first 3 picks would even count, and each one pushes off a guy that's being counted right now at around 500k each.

the only guy on there with any kind of impact is the first rounder, and that's when he actually signs his contract --- until then he's assigned some chumpy placeholder value, I believe.

So as I read it the cap hit is $3.3M to sign all 5 picks, however you subtract ~$0.5M for each JAG already listed on the top 51 cap that they displace. That can't be right. What am I doing wrong? Is the rule top 51 excluding draft picks, PLUS the draft picks = your cap?

 

[Huckleberry1]

people keep throwing out this 5m figure for rookies, and maybe it's because our rookie pool allotment caps out at 5m, or something, but the actual net cap effect of signing our rookies will be +~1m, and we don't even know which players of the eventual 80 will get cut yet.
every team will be different.

they'll need a few misc million down the road, so they can set that aside now, or rely on restructures which eat into future years a bit.
I think there's also some provision for carrying cap over to next year that they could take advantage of, but the rookies count for virtually nothing.

Thanks again, i really don't think the rookies should influence their approach right now and hope like hell that Reiss is completely wrong, they need to make more moves not stand pat.

 

[eom]

So as I read it the cap hit is $3.3M to sign all 5 picks, however you subtract ~$0.5M for each JAG already listed on the top 51 cap that they displace. That can't be right. What am I doing wrong? Is the rule top 51 excluding draft picks, PLUS the draft picks = your cap?

why can't that be right?

I would yield to the capologists around here, as all I know is stuff I regurgitate from reading this board, miguel's site, and stuff like overthecap.com, but my understanding is you count the top 51 guys.

our first rounder displaces one of the current 51, but the 7th rounders don't make the 51 at all.

when you go through final cutdowns you end up with 53 guys which are all counted, but right now they're under the top 51 rule.

 

[RI Patriots fan]

Great source of Cap information and explanation:


NFL Salary Cap Guru

 

[mgteich]

1) 4ths and below do not affect the 51, and eventually have minor tax savings when the 53 is decided.

2) 3rd's tend to affect the cap by about $50K or so. Since we have a low third, Jason's number is lower than that.

3) A low second might affect the cap by $200K.

4) Firsts and perhaps high seconds are the only material effect on the cap. We have ONE of those picks. Presuming that Jason is right about the bonus, the total cap effect is $800K. Even if the bonus were $4.4M, the cap effect would be $1.5M.

CONCLUSION
The cap effect of the rookie will be less than $2M (actually under $1.5M), and will be reduced even further if there are trade downs.

WARNING
Rookie costs are only one of the costs needed to be funded later this year. We also have to fund Player 52, Player 53. the Practice Squad, replacements for those injured in camp and the preseason, and finally, an in-season injury reserve.

I have usually allotted $6M for all of these including the rookies. This year $5M may be adequate.

 

[Miguel]

AdamJT13: The NFL rookie pool and the salary cap

is a must read.

 

[Miguel]

Cap question. The teams do not have to have room for rookies until the draft, correct?

They can use up the money they have now and then clear out more for the rookies the weekend of the draft if they choose to go that route.

That is correct.

 

[mgteich]

The team doesn't need any cap money for rookies until they are signed, and even then only the first and second rounders will have any noticable effect.

Cap question. The teams do not have to have room for rookies until the draft, correct?

They can use up the money they have now and then clear out more for the rookies the weekend of the draft if they choose to go that route.