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Redskins 22 Million Over
Posted: Mon Jan 16, 2006 3:30 pm
by dougrm3
Was surfing and trying to find out how much over the salary cap we will be for 2006. Found an article that places us at 22 million over. This is based on an increase from the current 85.5 million to 92 million. The cap this year could be as high as 95 million. There are currently 17 teams who are under the cap including the NFC East Eagles.
http://www.askthecommish.com/salarycap/numbers.asp
Sadly more than $22 million (almost 25 percent) of our cap will be spent on players who already have departed.
http://www.washingtontimes.com/sports/2 ... -3835r.htm
Just a few:
Michael Barrow $2.1 million against the cap in bonus acceleration
Regan Upshaw will count $1.2 million
Jeremiah Trotter will count 4.8 million
Coles will count $9.3 million in bonus acceleration (I thought that hit was paid in 2005?)
THN has more on the dead cap players.
I’m wondering where we are going to be able to find the cap room to go after free agents and to resign current players. We won’t have to worry about signing a first round draft pick as we got him last year.
I know the redskins took some flak about not keeping some of their free agents last year and for not being as active in the free agent market. Looks like some real good moves now. Mr. Snyder is a sharp businessman. I hope there is a plan in place. Does anyone know what the league consequences are for being over? Do they stop approving future player contracts?
Please forgive if this is a repeat thread. This is a great site and I am trying to make the transition from lurker to poster.
Posted: Mon Jan 16, 2006 3:38 pm
by skinsRin
Wow! thats pretty interesting and crapy at the same time. I didn't know we still owe those bums that much money esp; Coles almost 10 mil, holly crap! He must have a good agent.
Posted: Mon Jan 16, 2006 3:39 pm
by UK Skins Fan
Looks to me like all those numbers are a year old. We took the hit for Coles last year, and Upshaw went two years ago. The cap situation is nowhere near as bad as that.
You could try here as a starting point:
http://www.thehogs.net/html/Team/salary_table.html
Posted: Mon Jan 16, 2006 3:47 pm
by skinsRin
UK Skins Fan wrote:Looks to me like all those numbers are a year old. We took the hit for Coles last year, and Upshaw went two years ago. The cap situation is nowhere near as bad as that.
You could try here as a starting point:
http://www.thehogs.net/html/Team/salary_table.html
Well, the article was from March 05 and it states, next year wouldn't that mean 06?
Posted: Mon Jan 16, 2006 3:48 pm
by cvillehog
skinsRin wrote:UK Skins Fan wrote:Looks to me like all those numbers are a year old. We took the hit for Coles last year, and Upshaw went two years ago. The cap situation is nowhere near as bad as that.
You could try here as a starting point:
http://www.thehogs.net/html/Team/salary_table.html
Well, the article was from March 05 and it states, next year wouldn't that mean 06?
No, March 05 was this past off-season.
Posted: Mon Jan 16, 2006 3:49 pm
by kovachs
They have $113 million committed in salaries for 06 and the salary cap should be around $95 million. Soe they are about 18 million over. Some contracts will be restuctured by converting base salaries to bonuses and some players probably will be cut.
Posted: Mon Jan 16, 2006 3:56 pm
by cvillehog
kovachs wrote:They have $113 million committed in salaries for 06 and the salary cap should be around $95 million. Soe they are about 18 million over. Some contracts will be restuctured by converting base salaries to bonuses and some players probably will be cut.
I believe that the $95million figure is "projected" and the cap has not been set for next year yet. Also, as BossHog has pointed out, 2007 may end up un-capped because of the CBA, and then all kinds of creative contracts can be written.
Posted: Mon Jan 16, 2006 4:36 pm
by The Hogster
It is this way every year. There are a number of ways that a team can get under the salary cap. Right now we are untangling a mess created by a decade of bad decisions.
But, before the start of next season, we will be under the cap through restructuring and other ways to get the team under.
Posted: Mon Jan 16, 2006 4:51 pm
by RedskinsFreak
cvillehog wrote:Also, as BossHog has pointed out, 2007 may end up un-capped because of the CBA, and then all kinds of creative contracts can be written.
I keep hearing that there's no chance of the uncapped season ever actually happening -- the owners will lock the players out first before ever opening the doors to the vault.
Posted: Mon Jan 16, 2006 5:02 pm
by cvillehog
RedskinsFreak wrote:cvillehog wrote:Also, as BossHog has pointed out, 2007 may end up un-capped because of the CBA, and then all kinds of creative contracts can be written.
I keep hearing that there's no chance of the uncapped season ever actually happening -- the owners will lock the players out first before ever opening the doors to the vault.
Well, they voted to have an uncapped season if the CBA isn't finished. So, isn't that basically the opposite of what you've heard?
Posted: Tue Jan 17, 2006 12:36 am
by spenser
an Uncapped season would be madness! Pandoras box. But we'd have one He!l of a squad! Our team would look like the pro bowl!
Posted: Tue Jan 17, 2006 1:27 am
by Snout
The Hogster wrote:It is this way every year. There are a number of ways that a team can get under the salary cap. Right now we are untangling a mess created by a decade of bad decisions.
I agree with that except for the year Shottenheimer was here. Marty exercised some fiscal restraint and we still went 8-8 even with Tony Banks at QB. Shottenheimer had us on the right track, but we were only on the right track for one year. Then the Spurrier experiment . . .
Posted: Tue Jan 17, 2006 2:34 am
by Dmkskins86
According to this site, we are 20 million dollars over the cap for next year if the cap is 92 million.
http://www.askthecommish.com/salarycap/numbers.asp
Posted: Tue Jan 17, 2006 3:39 am
by Scottskins
http://redskins.scout.com/3/salary_cap_chart.html
updated today apparently...
we'll sign moulds and still be under the cap, no worries
Posted: Tue Jan 17, 2006 7:27 am
by BossHog
Our numbers have us being at about 113M. 1niksder and I are going to work on not only the cap table in the offseason but finding a way to keep it up-to-date all of the time. As soon as we get all of the latest numbers in, I'll post a notice to the board.
Posted: Tue Jan 17, 2006 10:11 am
by ii7-V7
Snout wrote:The Hogster wrote:It is this way every year. There are a number of ways that a team can get under the salary cap. Right now we are untangling a mess created by a decade of bad decisions.
I agree with that except for the year Shottenheimer was here. Marty exercised some fiscal restraint and we still went 8-8 even with Tony Banks at QB. Shottenheimer had us on the right track, but we were only on the right track for one year. Then the Spurrier experiment . . .
I agree! Dannys worse decision was gettig rid of Schotty, but it paved the way for his best decision, the hiring of Gibbs, so I'll cut him some slack.
Posted: Wed Jan 18, 2006 1:48 pm
by SkinzCanes
From today's Times.....
Redskins face tough decisions
By David Elfin
THE WASHINGTON TIMES
January 18, 2006
Cutting lightning rod LaVar Arrington before training camp opens this summer might be psychologically cleansing for the Washington Redskins, but the team won't solve its salary cap problems by releasing its highest-priced player.
To do so, the Redskins likely will have to do a number of things, including reworking the contracts of several players and cutting or trading others who are in the final years of their deals.
The biggest chunk, of course, could come from Arrington's complicated, reworked contract, which has a cap value of $12.046 million for 2006 -- but only if the NFL and the players association can agree on an extension of their collective bargaining agreement during the next six weeks.
Without a new CBA by the start of the free agent signing period March 3, all of Arrington's remaining signing and option bonuses would count $12.166 million against the 2006 cap no matter whether he's on the roster. However, if the CBA is extended and keeps the long-standing June 1 rule in effect, cutting Arrington after that date and before July 15, when he's due a $6.5 million roster bonus, will cost the Redskins $5.001 million this year, with the remaining $7.105 million counting in 2007.
Even if Arrington is cut and counts $5 million this year, the Redskins still would be roughly $15 million over the expected $95 million cap.
Relief will have to come from reworking the contracts of players like Pro Bowl offensive tackle Chris Samuels ($10.218 million cap value), offensive tackle Jon Jansen ($5.604 million), cornerback Shawn Springs ($5.558 million), running back Clinton Portis ($5.476 million), quarterback Mark Brunell ($5.433 million), linebacker Marcus Washington ($5.167 million) and guard Randy Thomas ($4.912 million).
The difficulty is that Brunell, who has a base salary of $4 million, and Thomas ($3.5 million) are the only ones with bases of more than $1.5 million. The other five contracts don't have a lot of leeway to turn salaries into bonuses, which can be prorated for up to five years.
The Redskins could save some money by cutting or trading players in the last years of their contracts, such as reserve safety Matt Bowen ($2 million), injured defensive tackle Brandon Noble ($1.7 million), backup quarterback Patrick Ramsey ($1.688 million), third cornerback Walt Harris ($1.5 million) and reserve center Cory Raymer ($985,000). Adding in oft-injured kicker John Hall ($1.5 million), whose contract expires in 2007, would push those savings past $8 million.
If those six players are subtracted from the roster and the Redskins are able to save $7 million on Arrington and, say, another $5 million by redoing the contracts of Brunell and Thomas, they would have a cap total of roughly $95 million.
So Washington would be at the cap, but that doesn't figure in retaining its free agents: safeties Ryan Clark and Omar Stoutmire; tight end Robert Royal; defensive end Demetric Evans; special teams tackles leader Khary Campbell; snapper Ethan Albright; cornerback Ade Jimoh (restricted); linebackers Chris Clemons (exclusive rights) and Warrick Holdman; defensive tackle Cedric Killings; and running back Rock Cartwright. Only Clark and perhaps Evans figure to be somewhat expensive, but even nine minimum-level contracts are a burden for a cap-strapped team.
All of this doesn't allow for adding any top-line free agents, such as Indianapolis receiver Reggie Wayne; increasing offensive line depth; finding a proven third cornerback; or signing its six draft picks (the first-rounder was dealt to Denver in April for the pick used to select quarterback Jason Campbell).
After all those money-saving moves and without keeping or adding free agents, the Redskins would have just 37 players on the roster, including 11 who barely have played for them if at all. Even if all those neophytes developed, Washington still would need 14 players to fill out the roster, eight more for the practice squad and an insurance fund to allow for signing replacements when players go on injured reserve.