Cap situation as of Thursday morning 3/6/08

[Sperm Edwards]

Holy crap. How much money can we possibly have left at this point?

As of right this moment (before Tony Richardson) we're at ~$116M; (only the top 53 plus the dead cap space for departed players count). Richardson will probably be another $1-2M or so, leaving us right at around $117-118M, or ~$1-2M over the cap.

BUT...

Possible/probable cuts/trades save: [before June 1 / after June 1]:

• DRob ~$8M / $10M (only a matter of formality as to when)
  
• Barton: $3.2M / $3.2M (doesn't matter when; see #6 pick below)
  
• Barrett: $2.8M / $3.6M (I think it's only a matter of when, as long as we have some other body in there)
  
• Coles: $3.2M / $5.0M (hard to say at this point; right now figure he stays)
  
• Pennington: $3.0M / $6.0M (I think he stays unless we get an unlikely 2nd-rounder &/or acquire someone else almost as good for less $).

2008 draft picks: without trading down, figure about max $2M net total:

• #6 overall pick will probably get about $18M guaranteed on a 5-6 yr deal, plus likely the minimum salary of about $300K = $3.3 to $3.9M cap hit in 2008. If that ends up being Gholston (a good possibility), or if we take a LB in round 2, then we'd cut Barton. For 2008, a #6 pick/Barton swap on the cap would cost $700K at most.
  
• #35 overall will get about a 4-yr / $5M contract (ballpark) with about $1.5M SB = probably ~$750K cap hit in 2008
  
• Other than that our other picks are round 4 (x2), round 6, round 7. Maybe another $500K combined considering they'd be displacing other players whose cap numbers they would displace in the top 53.

Summary (if they push $0 onto the 2009 cap):

$(-)1-2M space right now

+$8M for DRob

+$3M for Barrett

+$3M for Barton

-$4.5-5.0M for draft picks

---------------

~$7-8M in available cap space for 2008, without cutting/trading Coles or Pennington or leaving any residual dead cap space for 2009. Given the contracts we handed out, and the possible departures (read: dead cap plus a player to replace) of Chad, Coles, maybe Ellis if he doesn't bounce back this year, Clemens will be entering the last year of his rookie deal & need an extension if he nails the job down...I think we're going to want to preserve as much as possible for 2009.

Plenty there to extend Rhodes.

The Fitz for Coles/#6 pick can be made to fit as well, but that's pure message-board wishing & not even a rumor at this point.

Also note: Pouha's extension is now factored in. Figure that costs another $1M net this year. It was a 3 yr/$6M extension, & is now signed through 2011. Keeps his original $460K salary for 2008, but the next 3 yrs add up to $2M in salary, leaving $4M that is presumably a signing bonus (though it's possibly that it wasn't all up front, like $2M up front now & another $2M bonus before 2010). Assume the easiest & most likely calculation until we hear otherwise: $4M SB, over what is now a contract with 4 years remaining = $1M additional/yr in SB amortization. Base salary unaffected this year.

But you should now appreciate just how much cap space we had available a week ago. Handed out more contract $ in FA than probably any team in NFL history in the past week & as soon as DRob is off the team & Rhodes is extended we're STILL under the cap.

[GimmeShelter]

Thank You.

[flgreen]

Wow

Good job man.

I have to draw from that the the spending spree is pretty much over

[j e t s]

One thing you are forgetting is that we played some creative accounting last season with player unlikely to be earned incentives. I read an article a few weeks back that we are getting about a $5mill cap credit this year (its what the eagles do everyyear) so our cap is in essence $121mill

[Sperm Edwards]

One thing you are forgetting is that we played some creative accounting last season with player unlikely to be earned incentives. I read an article a few weeks back that we are getting about a $5mill cap credit this year (its what the eagles do everyyear) so our cap is in essence $121mill

I know they played around a little with some people but have no knowledge of them doing that. If you can show me a link I'd love to see it.

Great news if you're right; we could still be upwards of $10-11M more cap room without even cutting Barrett yet (DRob has zero chance of making it to the opening day roster IMO no matter what the FO says).

Even if Rhodes gets the same deal Gibril Wilson gets (it should really be a little less b/c he's not a FA and should take a little less for the sure money now), that would be maybe cut into that space by another $4-5M. Still leaves us with $8M give or take after letting Barrett go.

Meaning?

...we may not be done with FA yet...

[4HCrew]

Sperm I cannot thank you enough for breaking this down for us..... I know it is time consuming and helps all of us understand the state of the Jets and what can be done.

[flgreen]

I know they played around a little with some people but have no knowledge of them doing that. If you can show me a link I'd love to see it.

Great news if you're right; we could still be upwards of $10-11M more cap room without even cutting Barrett yet (DRob has zero chance of making it to the opening day roster IMO no matter what the FO says).

Even if Rhodes gets the same deal Gibril Wilson gets (it should really be a little less b/c he's not a FA and should take a little less for the sure money now), that would be maybe cut into that space by another $4-5M. Still leaves us with $8M give or take after letting Barrett go.

Meaning?

...we may not be done with FA yet...

I would think that they would leave a few million just in case a good player falls just before camp, as happened with Kendall, or if there are a few injuries at one position, and they have to pick up some one off the street.

[aec4]

It's 100% IMPOSSIBLE for us to be 1-2M over the cap after everything.

At no time, not even for 1 millisecond, are you allowed to be 1 cent over the cap. Once the league year starts, you must be under the cap at ALL TIMES. That either means your calculations are wrong (most likely, since we do not know the details of all the deals. The guaranteed cash doesn't all have to come now), or people were restructured and we do not know it.

In the offseason, only the TOP 51 count.. not 53. Source; askthecommish.com... That probably saves 700-800K right there.

http://www.askthecommish.com/salarycap/faq.asp

Question 1.4

Who falls under the Salary Cap?

Answer: The "Team Salary" falls under the Salary Cap. Team salary includes the amount a team must pay its current or former players under their player contracts. Notice emphasis on the word PLAYERS. The salary cap does not apply to coaches, assistants, trainers, and other personnel. Only the top 51 player salaries for a team count against the salary cap in the offseason. During the season, all player salaries count toward the salary cap

Also note, we'll have to be at least 4-5M under the cap to have enough room to sign our rookies. Yes, they count too.

[Sperm Edwards]

It's 100% IMPOSSIBLE for us to be 1-2M over the cap after everything.

At no time are you allowed to be 1 cent over the cap.

Oh, and by the way, try again on the rules. In the offseason, only the TOP 51 count.. not 53.

You know, someone mentioned that we may have added space through incentives we knew they wouldn't reach by the close of 2007. That would take care of the overage quite easily.

So instead of writing that, and putting it in a way that poster did, you have to act like the douchebag with earth's smallest penis who can only compensate for that with put-downs.

I don't post this stuff so I can spout out all my knowledge. I do it because I presume posters here might be interested. I don't even make a broad assumption that I'm right about everything, and (if you saw my prior post in this thread) am always interested to learn more when someone can teach or show me things.

There are two ways to correct people: a helpful way, and a jerkoff way. You always choose the jerkoff way. Seriously, what is your problem?

[j e t s]

You know, someone mentioned that we may have added space through incentives we knew they wouldn't reach by the close of 2007. That would take care of the overage quite easily.

So instead of writing that, and putting it in a way that poster did, you have to act like the douchebag with earth's smallest penis who can only compensate for that with put-downs.

I don't post this stuff so I can spout out all my knowledge. I do it because I presume posters here might be interested. I don't even make a broad assumption that I'm right about everything, and (if you saw my prior post in this thread) am always interested to learn more when someone can teach or show me things.

There are two ways to correct people: a helpful way, and a jerkoff way. You always choose the jerkoff way. Seriously, what is your problem?

good post, spermy, thanks for your analysis. I will look for a link to the nltbe incentives.

[Cant Hackett]

Thanks Sperm. Have you posted your spreadsheet on the board anywhere?

BTY, is Mrs. Sperm still pissed at you because the Cap gets more attention then she does?

[#27TheDominator]

You know, someone mentioned that we may have added space through incentives we knew they wouldn't reach by the close of 2007. That would take care of the overage quite easily.

So instead of writing that, and putting it in a way that poster did, you have to act like the douchebag with earth's smallest penis who can only compensate for that with put-downs.

I don't post this stuff so I can spout out all my knowledge. I do it because I presume posters here might be interested. I don't even make a broad assumption that I'm right about everything, and (if you saw my prior post in this thread) am always interested to learn more when someone can teach or show me things.

There are two ways to correct people: a helpful way, and a jerkoff way. You always choose the jerkoff way. Seriously, what is your problem?

I'm not sure how far under they are, but I tend to think it's not by much. I'm wondering if that is why they cut Clement. I'm sure they wouldn't have dumped him if they were planning on carrying him, but the timing seemed to be along the lines of sign one, dump one. Maybe that was at RT for Woody or for the money with Woody and Pace.

[Sperm Edwards]

Thanks Sperm. Have you posted your spreadsheet on the board anywhere?

BTY, is Mrs. Sperm still pissed at you because the Cap gets more attention then she does?

Nah, I don't know how to put it up there into a workable thingy.

And Mrs. Sperm doesn't get mad...she gets even.

I'm not sure how far under they are, but I tend to think it's not by much. I'm wondering if that is why they cut Clement. I'm sure they wouldn't have dumped him if they were planning on carrying him, but the timing seemed to be along the lines of sign one, dump one. Maybe that was at RT for Woody or for the money with Woody and Pace.

Yeah, I think they're right up against it or VERY close to it. Hard to know exactly without hacking into Tannenbaum's computer. I'm pretty close.

j e t s brought up a distinct possibility (perhaps even a likelihood), but I don't think anything else major is happening until DRob's been moved.

[#27TheDominator]

Nah, I don't know how to put it up there into a workable thingy.

And Mrs. Sperm doesn't get mad...she gets even.

If your thingy isn't workable, I think she already got even.

[Cant Hackett]

Nah, I don't know how to put it up there into a workable thingy.

And Mrs. Sperm doesn't get mad...she gets even.

lol, my wife says the same thing.

[Buldawg]

From SI.com

Vikings, Eagles rule roost of salary-cap manipulation

Posted: Saturday March 1, 2008 2:09AM; Updated: Saturday March 1, 2008 11:48PM

Thanks to some savvy accounting, the Eagles had no trouble fitting All-Pro cornerback Asante Samuel into their adjusted salary cap.

Jim Rogash/Getty Images

It's a regulation buried deep in the NFL's Collective Bargaining Agreement, a regulation so obscure it doesn't even have a name.

Other than Article XXIV, Section 7, section ii, paragraph c, part (iii).

Here's what it says:

At the end of a season, if performance bonuses previously included in a Team's Team Salary but not actually earned exceed performance bonuses actually earned but not previously included in Team Salary, an amount shall be added to the Team's Salary Cap for the next League Year equaling the amount, if any, by which such overage exceeds the Team's Room under the Salary Cap at the end of a season.

This dizzylingy obtuse regulation is unwittingly having a profound effect on the NFL's economic landscape.

The level playing field the NFL's salary cap supposedly created?

It's a myth.

Because of a variety of complicated tricks that savvy NFL team officials have figured out, teams can manipulate their salary cap to the point where their cap figure winds up millions of dollars higher than the teams they're competing with.

The Vikings and Lions are both in the NFC North. Both have unadjusted cap figures of $116,729,000, like all 32 NFL teams.

Yet the Vikings' 2008 cap figure exceeds $135 million, and the Lions' adjusted figure is more than $111 million.

So the Vikings this offseason will have $20 million more than one of their division rivals to pay free agents and re-sign their own players. That's an 18 percent difference, and it demonstrates just how much of a difference shrewd cap management can make.

The NFL salary cap is a fluid number. Although the unadjusted cap number for all 32 teams is identical, the real numbers actually vary greatly.

Here's why.

Teams need room to make room. The way the NFL's Collective Bargaining Agreement works, the more flexibility a team has, the easier it is to gain future flexibility. So teams that find themselves in cap trouble are often stuck there for years. And teams that stay out of cap trouble can tweak contracts in certain ways that generate huge cap advantages in later years.

That's where the above CBA trick comes into play.

Teams with significant cap space late in a season can manipulate the following year's cap by writing likely-to-be-earned incentive bonuses into contracts that, in reality, have zero chance of being earned.

1 of 2

Such incentives count against a team's cap the year they're written, but if they're not met -- and teams have ways of making sure they're not met -- the team is then credited the amount of the bonuses against the following year's cap.

According to figures distributed to each NFL team this week, 24 of the 32 NFL teams were given upward cap adjustments for 2008, six teams were given downward cap adjustments (thanks to conventional incentives that were met) and two teams had no adjustments.

Of the 24 teams that gained more room under the cap, seven tacked on at least $10 million, a group led by the Vikings ($18,432,577), Eagles ($14,087,449), Buccaneers ($13,306,634), Bills ($12,713,009) and Browns ($12,633,503).

Not coincidentally, the Eagles, Vikings, Bills and Browns all made a splash on the first day of free agency.

The Vikings signed safety Madieu Williams to a six-year, $33 million contract; the Eagles signed Asante Samuel to a six-year, $57 million deal, the Bills acquired linebacker Kawika Mitchell and signed him to a five-year, $17.5 million deal; and the Browns traded for defensive tackle Corey Williams and gave him a deal including nearly $20 in guaranteed components.

What team lost the most money via cap adjustments? The Lions. They have the lowest adjusted cap in the league in 2008 -- their $111,380,935 figure actually coming out $5,348,065 below the unadjusted cap figure.

Does that surprise anybody?

2008 Salary Cap Figures

Team Adjustments Adjusted Cap

Arizona Cardinals $0 $116,729,000

Atlanta Falcons ($350,574) $116,378,426

Baltimore Ravens $2,532,265 $119,261,265

Buffalo Bills $12,713,009 $129,442,009

Carolina Panthers $8,926,802 $125,655,802

Chicago Bears $726,231 $117,455,231

Cincinnati Bengals $0 $116,729,000

Cleveland Browns $12,633,503 $129,362,503

Dallas Cowboys $998,443 $117,727,443

Denver Broncos $660,000 $117,389,000

Detroit Lions ($5,348,065) $111,380,935

Green Bay Packers $9,430,581 $126,159,581

Houston Texans ($2,207,869) $114,521,131

Indianapolis Colts $6,501,115 $123,230,115

Jacksonville Jaguars $11,920,898 $128,649,898

Kansas City Chiefs $11,658,373 $128,387,373

Miami Dolphins $3,944,997 $120,673,997

Minnesota Vikings $18,432,577 $135,161,577

New England Patriots $2,596,078 $119,325,078

New Orleans Saints $8,017,003 $124,746,003

New York Giants ($3,096,512) $113,632,488

New York Jets $5,052,789 $121,781,789

Oakland Raiders $4,340,722 $121,069,722

Philadelphia Eagles $14,087,449 $130,816,449

Pittsburgh Steelers ($1,910,774) $114,818,226

San Diego Chargers ($597,647) $116,131,353

San Francisco 49ers $2,310,787 $119,039,787

Seattle Seahawks $7,386,108 $124,115,108

St. Louis Rams $632,320 $117,361,320

Tampa Bay Buccaneers $13,306,634 $130,035,634

Tennessee Titans $5,491,147 $122,220,147

Washington Redskins $1,821,260 $118,550,260

[Sperm Edwards]

If your thingy isn't workable, I think she already got even.

A-hole.

[Sperm Edwards]

New York Jets $5,052,789 $121,781,789

• 2008 unadjusted salary cap is $116,729,000

Awesome, bro.

BTW, I was also using a maximum cap of $116,000,000 even, not $116,729,000 when I came up with how much room we have left.

But I'll put this in. Thanks.

***edit. OK, with the figures I have ($115.2M for the top 51 players), we're at ~$6.5M under not counting Richardson.

[j e t s]

New York Jets $5,052,789 cap credit for 2008

Jets salary cap for 2008 is $121,781,789

There it is, thanks buldawg

[jack48]

Nah, I don't know how to put it up there into a workable thingy.

And Mrs. Sperm doesn't get mad...she gets even.

Yeah, I think they're right up against it or VERY close to it. Hard to know exactly without hacking into Tannenbaum's computer. I'm pretty close.

j e t s brought up a distinct possibility (perhaps even a likelihood), but I don't think anything else major is happening until DRob's been moved.

I know that I appreciate all this info. It is a lot of work for you and you don't have to do it. I usually don't get into this blind trust or love of players but where the cap is concerned, I have ultimate faith in Tannenbaum. I just don't see him hanging himself up.

[Kidhuman]

Thanks Sperman, Yoda man

[Gibbon]

Sperm:

Nice post.

One area where I disagree with you is the Gholston/ Barton scenario. I think Barton will play out his contract regardless of who the Jets pick. He's expensive, but who else would the Jets put at their other ILB spot? Gholston cant play ILB which would just leave Kassell with no backup. I think the Jets are, at this point, locked in to keeping Barton.

I could, of course, be wrong.

[aec4]

You know, someone mentioned that we may have added space through incentives we knew they wouldn't reach by the close of 2007. That would take care of the overage quite easily.

So instead of writing that, and putting it in a way that poster did, you have to act like the douchebag with earth's smallest penis who can only compensate for that with put-downs.

I don't post this stuff so I can spout out all my knowledge. I do it because I presume posters here might be interested. I don't even make a broad assumption that I'm right about everything, and (if you saw my prior post in this thread) am always interested to learn more when someone can teach or show me things.

There are two ways to correct people: a helpful way, and a jerkoff way. You always choose the jerkoff way. Seriously, what is your problem?

Would it be better if I bowed and kissed your feet?

Dude.. you were wrong and you hate being called out on it. How can you even make a statement like "We're 1-2M over the cap"...

As for a "helpful" or "jerkoff" way, sorry I hurt your sensitive little feelings.. Get over it.

[aec4]

Awesome, bro.

BTW, I was also using a maximum cap of $116,000,000 even, not $116,729,000 when I came up with how much room we have left.

But I'll put this in. Thanks.

***edit. OK, with the figures I have ($115.2M for the top 51 players), we're at ~$6.5M under not counting Richardson.

Richardson got close to league minimum for someone with his experience according to PFT.

[#27TheDominator]

Richardson got close to league minimum for someone with his experience according to PFT.

Okay, then I'm officially on board and fully in favor of that move.

[aec4]

Okay, then I'm officially on board and fully in favor of that move.

Remember, for someone with his experience, minimum is 820K (well it was in 2007.. not sure what it'll be in 2008). He can get a modest signing bonus without it counting on our cap too because of his experience.

If we stay within the guidelines of 820K (or whatever it is) and a very small SB, he'll count 450 on the cap I believe is the way it works.

[Sperm Edwards]

Would it be better if I bowed and kissed your feet?

It would be better, yes.

You did the same crap with the other guy who used to post a Jets cap page. You could have merely corrected a guy who was trying to provide info or help for Jets fans. He wasn't paid to do it. I'm sure he actually enjoyed it. You ripped into him in similar fashion & now he doesn't do it anymore. Thing is, he was a pretty nice guy. But his figures were wrong on some players & you gave it to him like he was the dumbest creature on earth.

I've got pretty thick skin & am quite sure I can take anything you can dish out. But what's the point?

I'm going to keep posting stuff like this as long as I have a clue about it & for as long as that clue is appreciated (if not desired) by posters here. Sorry if it gets to you, but as a human I sometimes make errors. I realize it is a terrible offense.

[aec4]

It would be better, yes.

You did the same crap with the other guy who used to post a Jets cap page. You could have merely corrected a guy who was trying to provide info or help for Jets fans. He wasn't paid to do it. I'm sure he actually enjoyed it. You ripped into him in similar fashion & now he doesn't do it anymore. Thing is, he was a pretty nice guy. But his figures were wrong on some players & you gave it to him like he was the dumbest creature on earth.

I've got pretty thick skin & am quite sure I can take anything you can dish out. But what's the point?

I'm going to keep posting stuff like this as long as I have a clue about it & for as long as that clue is appreciated (if not desired) by posters here. Sorry if it gets to you, but as a human I sometimes make errors. I realize it is a terrible offense.

You have thick skin!? that's the funny thing I ever heard.

OK, now back to reality. The reality is that "nice guy" you talk about basically swiped every number I had on my website and claimed it to be his own. Then he got MIN (that's what I call MAX) to promote his site with MY figures on it.

[slats]

If your thingy isn't workable, I think she already got even.

A small price to pay.

What has to be done to complete the deal for Larry Fitzgerald?

[DieHardJetsFan]

This has been my frist thread that Iv read all day, and all I can say is WOW... It took me a while to read Edwards post, so I know it took him a while to put this thread together, great post, and im glad we have enough money to sign Rhodes and still be in pretty good shape as a franchise.

Thanks for the effort that you put into your post

[Maxman]

This has been my frist thread that Iv read all day, and all I can say is WOW... It took me a while to read Edwards post, so I know it took him a while to put this thread together, great post, and im glad we have enough money to sign Rhodes and still be in pretty good shape as a franchise.

Thanks for the effort that you put into your post

Go forth and tell the people about JetNation.com.

[rick34125]

This has been my frist thread that Iv read all day, and all I can say is WOW... It took me a while to read Edwards post, so I know it took him a while to put this thread together, great post, and im glad we have enough money to sign Rhodes and still be in pretty good shape as a franchise.

Thanks for the effort that you put into your post

i second that.... thanks sperm. if only mrs sperm new how much you're appreciated here at JN...

[aec4]

This has been my frist thread that Iv read all day, and all I can say is WOW... It took me a while to read Edwards post, so I know it took him a while to put this thread together, great post, and im glad we have enough money to sign Rhodes and still be in pretty good shape as a franchise.

Thanks for the effort that you put into your post

Being 6.5M under doesn't give us enough room, without a creative contract, to sign Rhodes right now. (by creative, I mean giving him a guaranteed roster bonus in year 2 or beyond).

6.5 sounds like a ton, but keep in mind the rooks will take up 4-4.5M of it...

[JetsFan220]

great job...but you really think barton is going to be cut or traded?

[Irish Jet]

Go forth and tell the people about JetNation.com.

More like go forth and tell people about Sperm Edwards.