Capologist report

[CarolinaNCSU]

Couple cuts (Poe & THE Mike Davis alone get us 13-14 mil) and we'll be at 50 million, but yeah the dead cap isn't pretty.  

Also doubt we'll be willing to spend even half of our cap space, though. Very well may give Cam a trial by fire year in the rebuild where if he proves he can stay healthy, we'll need as much cap saved up as possible to re-sign him, CMC, and put pieces around them. 

Then, next offseason we might be willing to cut guys like Paradis and KK to free up more space. 

[CMAC22]

Our capologist telling marty!

[GRWatcher]

1 hour ago, 1of10Charnatives said:

This makes me think you have a firmer grasp of cap management than I do. My response was based on the assumption that most dead cap money comes from prorated signing bonuses, which are some of the only guaranteed money players typically get, or at least the biggest chunks. Are there other significant forms of guaranteed money that get prorated as well that I'm overlooking? I'm including in that statement money that becomes guaranteed with a restructure because my understanding is it typically is converted into signing bonus on the restructured deal. Am I in error in that understanding or are we saying similar things with different words?

 

Naw, I don't. I decided to learn more about it when we cut Delhomme and still owed him $12M and huddlers were claiming Jake was stealing from the Panthers. I knew Hurney had restructured his contract a few times and wondered if that was the reason. Sure enough, it was. And he still is doing it. It was a bubble that had to break and Gettleman got us through it gently. I use the term "owed" lightly because I can't find another word to describe it but IRL the player is paid the cash when the bonus is awarded. Jake was paid his cash in 2010 and that's when we took the cap hit because it was dead money.

You've got the basic idea down. The word "bonus" is used a lot for a lot of different things. Restructuring usually turns base salary into a bonus (called restructure bonus to distinguish it), previously the only guaranteed money in a contract, that can be prorated (up to 5 years per the CBA) but when a player is no longer on the roster the full cap hit is in the current year. Here's a good read if you have the time: http://www.nfl.com/news/story/0ap3000001021617/article/2019-nfl-free-agency-glossary-all-the-terms-you-need-to-know

Quote

Dead money: Refers to salary a team has already paid or has committed to paying (i.e., a signing bonus, fully guaranteed base salaries, earned bonuses, etc.) but has not been charged against the salary cap.

Google is my friend and, being retired, so is the time to read what I find. 

[Tepper's Chest Hair]

2 hours ago, stirs said:

Generally you get relief if a guy retires, but once Hurney does his thing with restructures, you get screwed.  Live for today....

The major deadcap hits we have are because of Kalil (Hurney did not restructure) and Kuechly retiring.  Kuechly had 2 restructures that were desperately needed.  We were in cap hell, and no one had any inkling he was retire so soon.  He freed up 5.1m in 2018 and 7.24m in 2019 to increase future cap hits by 1.8m each.  Olsen retiring carries a smaller deadcap hit, while freeing up like 8 million.

Come on numbers guy.

[stbugs]

5 hours ago, NYPantherFan said:

Don't quote me on this, but there were some rumblings that teams might have to spend money they have this year and won't be able to carry over funds because of the CBA expiring after the season and the threat of a lockout. 

No chance. Rolling over cap space is what’s created huge deals. NFLPA is certainly not going to want to stop that gravy train. Bad teams aren’t going to spend more on crappy players to stay bad.

[stbugs]

3 minutes ago, Tepper's Chest Hair said:

The major deadcap hits we have are because of Kalil (Hurney did not restructure) and Kuechly retiring.  Kuechly had 2 restructures that were desperately needed.  We were in cap hell, and no one had any inkling he was retire so soon.  He freed up 5.1m in 2018 and 7.24m in 2019 to increase future cap hits by 1.8m each.  Olsen retiring carries a smaller deadcap hit, while freeing up like 8 million.

Come on numbers guy.

We weren’t in cap hell. We signed a bunch of FAs. We freed up money with Short this year and we used none of it. We rolled over more than we freed up, but we made it more expensive to lose Short. We could have released him for $4-5M less dead cap and instead we’ll spend even more to keep him this year. Effectively in rebuild mode we basically will spend another $20M in cap space on a 32 year old declining DT coming off a season ending injury. The restructuring’s didn’t really help us.

Olsen is a net positive. The $3M in dead cap also removes and $11M cap hit. It’s a net gain of $8M. People freak out about dead cap and forget about the net difference. 

[Tepper's Chest Hair]

1 minute ago, stbugs said:

We weren’t in cap hell. We signed a bunch of FAs. We freed up money with Short this year and we used none of it. We rolled over more than we freed up, but we made it more expensive to lose Short. We could have released him for $4-5M less dead cap and instead we’ll spend even more to keep him this year. Effectively in rebuild mode we basically will spend another $20M in cap space on a 32 year old declining DT coming off a season ending injury. The restructuring’s didn’t really help us.

Olsen is a net positive. The $3M in dead cap also removes and $11M cap hit. It’s a net gain of $8M. People freak out about dead cap and forget about the net difference

Short has nothing to do with our deadcap hit of next year.  I was responding to a person specifically talking about retiring players not making the deadcap hit less.

Olsen's hit I don't have an issue with.  Our deadcap comes from Kuechly and Kalil.  One was Gettleman's fault.  The other involved having to be a fortune teller to know Luke would decide to retire so early.

[jbland]

4 hours ago, uncfan888 said:

That guy clearly doesn't want cam to be here

Agreed. 

[jbland]

4 hours ago, raleigh-panther said:

Bradberry. Gotta be honest, he strikes me as an average cornerback. ...I just don’t see him being worth a huge contract

...then again, Shaw struck me as a  very average linebacker that always  missed a tackle or got run over 

we overpaid for Tnompson and will probably franchise Bradberry  cha Ching 

Point being, I’d almost rather we become the Pats in our approach and unless they are not a blue chip player, no big contract and cut that blue chip player at peak vs two years past peak but now tied to a huge salary   Only way to sustain vs continuous rebuilds in the salary cap era 

I feel that’s what Gman was trying to do here. I could be wrong. 

[stbugs]

19 minutes ago, Tepper's Chest Hair said:

Short has nothing to do with our deadcap hit of next year.  I was responding to a person specifically talking about retiring players not making the deadcap hit less.

Olsen's hit I don't have an issue with.  Our deadcap comes from Kuechly and Kalil.  One was Gettleman's fault.  The other involved having to be a fortune teller to know Luke would decide to retire so early.

You said we had to restructure because we were in cap hell. That’s not true. We’ve thrown a lot of FA money at guys the past two years and rolled over money too. Short was another example of a restructure gone wrong. Unnecessary and will end up costing us way too much in a rebuilding year. Marty’s not good with the cap, simple as that.

Also, I’d rather have Luke, but our cap actually goes up without him by $3.7M.

[TheRed]

Wait so we're back to hyperventilating about "cap hell" and restructures, but another potential salary cap crippling RB contract is gravy? lol

[stbugs]

12 minutes ago, jbland said:

I feel that’s what Gman was trying to do here. I could be wrong. 

He was. I think he was way more willing to jettison someone before paying them a huge deal. The Pats get comp picks almost every year. Extra picks are extra darts. That’s why trade ups (and just plain reaches) can be dangerous if they don’t pan out. I hope we truly try a rebuild because we’ve got a lot of FAs that could net us a bevy of 2021 picks. Bradberry, Boston, McCoy, Irvin, Addison, Williams, Butler, Hogan, Wright, Cockrell and Van Roten. All of them could potentially net a 7th rounder at a minimum. Bradberry is very likely a 3rd. Maybe a 4th or 5th for McCoy/Addison/Butler.

[stbugs]

10 minutes ago, TheRed said:

Wait so we're back to hyperventilating about "cap hell" and restructures, but another potential salary cap crippling RB contract is gravy? lol

We’re so far from cap hell its not funny. If we decide to trade Cam, we’d have almost $60M in space.

[Jared Patterson]

We have plenty of money and will be done w dead money the next year, also Luke's contract will be free next year. We could technically spend a lot for free agency.