I think the idea was to spend anyway and give the new coach what he needs to succeed. Very rarely have we ever not bumped up against the cap.
true. there was usually a little wiggle room for emergencies, but it wasn't much.
for most of Fox's tenure weren't we basically hitting the cap anyway?
mostly it was spent on older players that we were holding onto who we shouldn't have. those guys finally got cut.
He already knows he will be spending a ton of money in 2011 if he is going to sign his core players. He will likely have to spend between 80-100 million in signing bonuses alone to resign, Kalil, Williams, Davis, Johnson, Anderson and all the other guys whose contracts are expiring or who they want to extend like Beason. Add to that the 20-30 million on Newton (40-50 if there is no rookie cap) he will given as a signing bonus, and he will approach that cash amount even without the money he will have already committed to salaries for players under contract. While he will be under the cap and will likely take out loans for much of that money he has to pay right away when they sign, our payroll with free agents could approach 200 million.
signing bonuses get spread out through the life of the contract as far as the cap is concerned.
we have only $73mil committed to the cap ($83 including kalil's tag, which they should be able to work out a deal lowering that cap hit for the year).
no one knows what the cap will be, but it should be around $130-135mil. it was at $129mil in '09. that would have us spending at least $117-121mil. contracts that will be going out to guys like williams, CJ, kalil, and newton will be big, but they can be structured to be kind of cap friendly. those four guys could probably have contracts structured so that they would only be a combined 2011 cap hit of $30mil or less (depending on the rookie cap). that would get us just a little bit over $100mil.
the rest of the players they drafted or FAs they want to keep shouldn't add too much to that...maybe another $7-10mil?
point is, if they have to spend 90% of the cap, they will have to bring in a good deal of talent.
one scary thing, the bucs have only about $57mil committed to the cap. i'm not sure what their plans are, but they don't have very many players hitting FA this year. that team could end up getting stacked when all is said and done.