Smizzy Posted March 2, 2006 Share Posted March 2, 2006 Colts | Ruling impacts team's salary cap status Thu, 2 Mar 2006 06:10:53 -0800 Mike Chappell, of the Indianapolis Star, reports a ruling Wednesday, March 1, by an NFL arbitrator specifically regarding the contracts of QB Peyton Manning and WR Marvin Harrison could result in several significant player cuts by the Indianapolis Colts as they attempt to comply with the league's projected 2006 salary cap of $95 million. At issue, for now, are roster bonuses of $9 million due Manning and $10 million due Harrison. The Colts intended to implement a normal bookkeeping maneuver that converts a roster bonus into a signing bonus and prorating it over the next four years. That would have lowered Manning's 2006 cap number from $17.766 million to $10 million and Harrison's cap hit from $14.4 million to $6.9 million. The lack of an extension carries restrictive guidelines regarding player contracts, including the conversion of roster bonuses. According to NFL spokesman Greg Aiello, arbitrator Stephen Burbank ruled such conversions are prohibited under the labor agreement if they violate the so-called "30 percent rule,'' which keeps base salaries from increasing more than 30 percent each year over the first year of the contract. It's believed a special master's ruling is final, but Colts' owner Jim Irsay said the issue is far from resolved. Link to comment Share on other sites More sharing options...
Preston Howley III Posted March 2, 2006 Share Posted March 2, 2006 That's some sht to have that much money tied up in a QB and a WR. A QB, I may add, who has less playoff victories than Chad Pennington. Ain't that a kick in the pills. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted March 2, 2006 Share Posted March 2, 2006 That's some sht to have that much money tied up in a QB and a WR. A QB, I may add, who has less playoff victories than Chad Pennington. Ain't that a kick in the pills. Not really, but it's less impressive. Manning's post-season record is 3-6 Pennington's is 2-2 Link to comment Share on other sites More sharing options...
Preston Howley III Posted March 2, 2006 Share Posted March 2, 2006 Not really, but it's less impressive. Manning's post-season record is 3-6 Pennington's is 2-2 I stand corrected. Link to comment Share on other sites More sharing options...
mbn007 Posted March 2, 2006 Share Posted March 2, 2006 How are the Skins ever getting under the cap? They have so many bonus payments spread out for several years, that all will prorate over a shorted period of time now. I bet they need to cut 20 guys, and sign all rookies to get within the guidelines. Link to comment Share on other sites More sharing options...
Smizzy Posted March 2, 2006 Author Share Posted March 2, 2006 How are the Skins ever getting under the cap? They have so many bonus payments spread out for several years, that all will prorate over a shorted period of time now. I bet they need to cut 20 guys, and sign all rookies to get within the guidelines. Remember when we used to ask "when will it all catch up with Dan Snyder" ? Today is the day. Link to comment Share on other sites More sharing options...
mbn007 Posted March 2, 2006 Share Posted March 2, 2006 Remember when we used to ask "when will it all catch up with Dan Snyder" ? Today is the day. You are correct sir. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted March 2, 2006 Share Posted March 2, 2006 Who's making popcorn? Link to comment Share on other sites More sharing options...
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