At first I agreed with you that there is no way we are 8 million under. But I think it may be even more than that.
First reports had us entering the offseason at 10 million under the cap. The cap has since been increased by 4 million giving the team 14 million under.
They have signed 4 players to contracts; Peppers, Gross, King and Anderson. Those contracts total 19.338 million.
They have made several moves including cuts, restructures and extensions. Those moves I have totaling 15.540 million in cap savings. Here's a quick run down of those moves: Goings .75, Bridges 1.25, Hackett 1.04, Lewis 2.00, Johnson 1.00, Kemo 1.50 and Gamble 8.00.
So 14.000 - 19.338 + 15.540 = 10.202 million in cap space. My guess is that Schefter hasn't included that 8 million move with Gambles contract.
Your off on that one, Goings, Hackett, and Bridges saved us 4.5 million in cap this season.
Should be 4.5 + 8 + 2 + 1 + 1.5 = 17 million
At the start of the Offseason we were at 108 million spent, with 123 being the cap number.
The cap number is now 127. So we had 19 Million to begin with, counting the Cap increase. So 19 million + 17 Million = 36 Million
Peppers, Gross, King, Anderson, = 17 + 10.5 + 1.5 + 1.0 = 29.5
Which is how I got my Number in the other Thread, of around 7 million in cap space.
I believe How Schefter got his number is from this. Take the three restructures off, equaled to around 4.54 million, take that off of our books, you get us down to 2.4 million and give or take on gross's contract and you have the discrepancy of .5 million, between that number and mine.
I could also be total wrong as well as a few sites, I'm not an expert.
But his post on his blog was around 1:30 - 2:00 and he had to have been calling teams for a while, so it's logical that he didn't include some cut's/ restructures in his numbers because of him having to call everyone to get those numbers.
Edited by carpanfan96, 26 February 2009 - 08:31 PM.