Pasquerelli: Fins 5.9 million under the cap | FinHeaven - Miami Dolphins Forums

Pasquerelli: Fins 5.9 million under the cap

BennyVW

BennyVW

I'm the Man in the Box
Joined
Feb 8, 2005
Messages
3,334
Reaction score
0
Age
40
Location
Orlando, Fl
http://insider.espn.go.com/nfl/insi...squarelli_len&id=2920574&CMP=OTC-DT9705204233

• Room to work: With the free-agent class down to the bottom of the barrel, and plenty of rookies still left to sign, most teams remain in relatively good salary-cap shape. The average cap room per team leaguewide, as of Thursday, was $9.82 million. Fourteen franchises, nearly half the teams in the league, still have more than $10 million in salary-cap space. Seven teams have more than $15 million in available spending room and three teams have $20 million or more. Here's how the teams stack up in terms of cap room: Cleveland, $21.968 million; Buffalo, $21.053 million; Minnesota, $20.076 million; Jacksonville, $16.425 million; Kansas City, $16.189 million; Green Bay, $15.959 million; Tennessee, $15.345 million; Dallas, $13.875 million; Oakland, $12.732 million; St. Louis, $11.602 million; Philadelphia, $11.517 million; New Orleans, $11.271 million; Seattle, $10.507 million; New York Jets, $10.039 million; San Francisco, $9.822 million; Carolina, $8.613 million; New England, $8.421 million; Cincinnati, $7.713 million; Washington, $7.373 million; Houston, $7.102 million; Tampa Bay, $7.064 million; Denver, $6.442 million; San Diego, $6.024 million; Atlanta, $6.01 million; Miami, $5.901 million; Baltimore, $5.325 million; Arizona, $5.083 million; Chicago, $5.003 million; New York Giants, $3.91 million; Indianapolis, $3.371 million; Detroit, $1.281 million; and Pittsburgh, $1.231 million.
Click to expand...

Looks like we do have the room to sign our draft picks AND still keep Daunte until we can get something for him... After that we might still be able to pick up a vetran LB, or even a back-up safety.
 
We still have all our high priced picks to sign remember. I would say they will hit that 5.9 mill pretty hard.
 
Getting rid of Daunte isn't going to give us a huge cap relief. They converted his 2006 salary and roster bonuses into a $7 million signing bonus when he got here in 2006. Only about $875k of that bonus should have already been expensed in 2006. His cap figure for 2007 should be about $6,375,000 which consists of $5,500,000 of salary and $875,000 of amortized bonus. Cut him, or trade him, and the remaining $5,250,000 of unamortized bonus accelerates to the current salary cap, which when combined with the current $875,000 amortization, results in a cap charge of $6,125,000. In other words, Miami should only receive about $250,000 of salary cap relief whenever they trade Daunte, or cut him...depending on whether or not they choose to enact post-June 1st rules for bonus acceleration. If they cut Daunte, and choose to enact the post-June 1st rules for acceleration, then they would free up $5,500,000 against the 2007 salary cap, but would subsequently be charged $5,250,000 against the 2008 salary cap...in a deadweight loss.

These numbers are all very basic and likely to be different in truth, because of various side bonuses and incentives...but the basics of them are the same. Miami should not expect a significant amount of cap relief by trading Daunte. They only get cap relief by cutting him if they enact the June 1st rules, and even that is merely shoving cap expense forward a year.
 
5.9 is plenty to sign Ginn, Beck and Mormino... we can hold daunte as long as we want...
 
CK, with that room from Daunte's departure and the signings of Ginn, Beck, Satele, and Mormino, do you figure there's enough to sign Pete Kendall if/when he's cut?
 
Yeah it's plenty to sign those guys. The goal is to start the season only about $1-1.5 million under the salary cap, just as a precaution in case you need to make a few mid-season signings due to injuries. Anything more than that, and you should be attempting to carry that space forward to the next year by means of faux-LTBE incentive credits.

The real issue with being $6 million under is can we sign the rookies, AND Pete Kendall, AND have that $1-1.5 million in emergency space?
 
RoninFin4 said:
CK, with that room from Daunte's departure and the signings of Ginn, Beck, Satele, and Mormino, do you figure there's enough to sign Pete Kendall if/when he's cut?
Click to expand...

Not sure...they may have to make a move if they want to get Kendall. They would definitely have to make a move if they wanted to sign the rest of the rookies, get Kendall, AND grab someone like Jared Gaither in the supplemental draft.
 
ckparrothead said:
Yeah it's plenty to sign those guys. The goal is to start the season only about $1-1.5 million under the salary cap, just as a precaution in case you need to make a few mid-season signings due to injuries. Anything more than that, and you should be attempting to carry that space forward to the next year by means of faux-LTBE incentive credits.

The real issue with being $6 million under is can we sign the rookies, AND Pete Kendall, AND have that $1-1.5 million in emergency space?
Click to expand...

Wasn't our rookie Cap set up to be 5.7 million?
 
ckparrothead said:
Getting rid of Daunte isn't going to give us a huge cap relief. They converted his 2006 salary and roster bonuses into a $7 million signing bonus when he got here in 2006. Only about $875k of that bonus should have already been expensed in 2006. His cap figure for 2007 should be about $6,375,000 which consists of $5,500,000 of salary and $875,000 of amortized bonus. Cut him, or trade him, and the remaining $5,250,000 of unamortized bonus accelerates to the current salary cap, which when combined with the current $875,000 amortization, results in a cap charge of $6,125,000. In other words, Miami should only receive about $250,000 of salary cap relief whenever they trade Daunte, or cut him...depending on whether or not they choose to enact post-June 1st rules for bonus acceleration. If they cut Daunte, and choose to enact the post-June 1st rules for acceleration, then they would free up $5,500,000 against the 2007 salary cap, but would subsequently be charged $5,250,000 against the 2008 salary cap...in a deadweight loss.

These numbers are all very basic and likely to be different in truth, because of various side bonuses and incentives...but the basics of them are the same. Miami should not expect a significant amount of cap relief by trading Daunte. They only get cap relief by cutting him if they enact the June 1st rules, and even that is merely shoving cap expense forward a year.
Click to expand...

You can only choose to enact the "Post June 1" rules prior to June 2. You can't choose to enact the "Pre June 2" rules after June 1.

There will be a $4.2M cap hit in 2008. The 2007 cap will save $5.5M with $1.4M dead money from the bonus.
 
ckparrothead said:
Not sure...they may have to make a move if they want to get Kendall. They would definitely have to make a move if they wanted to sign the rest of the rookies, get Kendall, AND grab someone like Jared Gaither in the supplemental draft.
Click to expand...
I haven't been around much lately. How much interest do we have in Gaither if any? I mean has Mueller or Cam said anything or are we just speculating? I've seen his name brought up alot is why I ask.
 
ckparrothead said:
Getting rid of Daunte isn't going to give us a huge cap relief. They converted his 2006 salary and roster bonuses into a $7 million signing bonus when he got here in 2006. Only about $875k of that bonus should have already been expensed in 2006. His cap figure for 2007 should be about $6,375,000 which consists of $5,500,000 of salary and $875,000 of amortized bonus. Cut him, or trade him, and the remaining $5,250,000 of unamortized bonus accelerates to the current salary cap, which when combined with the current $875,000 amortization, results in a cap charge of $6,125,000. In other words, Miami should only receive about $250,000 of salary cap relief whenever they trade Daunte, or cut him...depending on whether or not they choose to enact post-June 1st rules for bonus acceleration. If they cut Daunte, and choose to enact the post-June 1st rules for acceleration, then they would free up $5,500,000 against the 2007 salary cap, but would subsequently be charged $5,250,000 against the 2008 salary cap...in a deadweight loss.

These numbers are all very basic and likely to be different in truth, because of various side bonuses and incentives...but the basics of them are the same. Miami should not expect a significant amount of cap relief by trading Daunte. They only get cap relief by cutting him if they enact the June 1st rules, and even that is merely shoving cap expense forward a year.
Click to expand...

You always seem very knowledgable about this stuff. So what do you think the phins are going to do? Do you think they will classify him as a June 1st cut?
 
hof13 said:
You can only choose to enact the "Post June 1" rules prior to June 2. You can't choose to enact the "Pre June 2" rules after June 1.

There will be a $4.2M cap hit in 2008. The 2007 cap will save $5.5M with $1.4M dead money from the bonus.
Click to expand...

Oh this answers my question. Ok so Daunte will be classified as a June 1st cut when it comes to cap rules.

[mod] Keep this thread on topic please. [/mod]
 
You must log in or register to reply here.
Back
Top Bottom