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Recapping all of the 2013 Offseason moves so far.(updated 3-27)

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**Edited and upgraded thread from yesterday....fug it Im just gonna make it a new thread since this one has fallen off and the older comments may not make sense.

All 1 year deals of unless noted otherwise. Others may have but it looks like Captains the only one with any guaranteed money(signing bonus).

2013 Signings and cap hits

Captain $1.1 million (including $300k signing bonus)

Derek Anderson $850k

Tedd Ginn Jr. $750k

Mike Mitchell $725k

D.J Moore $715k

Drayton Florence $620k

Ben Hartstock $620k

Colin Cole $555k

Richie Brockel $555k

Dwan Edwards TBD- 2 year deal

Chase Blackburn TBD- 2 year deal

Free agents not resigned

Gary Barnidge -Signed with Browns

Louis Murphy-Signed with Giants

Jason Phillips- Signed with Eagles

Sherrod Martin

Antwan Applewhite

Mike Pollack

Nate Ness

Andre Neblett

Players Cut

James Anderson(June 1st designation)-Signed With Bears saves 2.8 Million in cap space

Chris Gamble- Retired wealthy on his 30th B-day.- Saved 7.9 Million in cap space

Ron Edwards - Saved 2.5 million.

total savings for 2013 cap from ^^ = 13.2 million

Players restructured

Greg Olsen-Shuffled money around and saved 2.4 million for this year's cap

Ryan Kalil -Shuffled money around and saved 3.45 million for this year cap

Jordan Gross- Saved 6.8 million for this year for this years cap and add's 3.6 in future dead money

Haruki Nakumara- Saved 500k for this year

Jonathan Stewart-minor move that raised cap figure $200k, unsure of why we did this.

total net savings for 2013 cap from ^^ = 9.75 million

combing the restructure savings and the outright cuts = 22.7 million in total savings for 2013 Cap

Dead money committed to 14 from these moves = 5.4 million.

Other

Exercised option on Tolbert to remain with team thru 2015.

Estimated current cap room=7.636 million.*not including Edwards and Blackburn signings.

(PFT said we had $936,00 before the Gross Savings of 6.8 million and accounting for the Dwan Edwards and Chase Blackburn signings)

Cap room will also jump 2.8 million after June 1st once James Anderson cut hits the books.

Lastly the Rookie pool for our 13 Rookie class is expected to cost us around 4 million.

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Posted · Report post

Yeah, all of this for cutting Gamble was definitely a smart move. Getting more and more excited about this Ted Ginn signing. I want to see a lot of

next year.

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not sure how these salaries factor in, but in the offseason only the top 51 count towards the cap.

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Posted · Report post

JA as a June 1st cut should clear enough to sign draft picks. There shouldn't be any need to save or clear room for that.

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Posted · Report post

Good thread. How space did we have at the beginning of free agency? I forgot

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Most of those contracts if any besides cap and dwan should not count towards the cap. Our financials are fine. We will not go into the draft with no money to sign our picks. It just won't happen.

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Posted · Report post

Yasinskas doesn't know anything..

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As always thanks for the informative posts Panther4life.

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Wont need to sign anyone else until after June 1st. Draft picks usually are signed close to training camp

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Could be some other restructures made already. There's been several times in the past where we've made moves and not heard about them til way down the road.

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not sure how these salaries factor in, but in the offseason only the top 51 count towards the cap.

This.

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Captain $1.1 million (including $300k signing bonus)

Derek Anderson $850k

Tedd Ginn Jr. $750k

Mike Mitchell $725k

D.J Moore $715k

Drayton Florence $620k

Ben Hartstock $620k

Colin Jones $555k

Richie Brockel $555k

OT: I'm assuming you meant Colin Cole here, not Jones, not really a big deal but it had me confused for a bit.

I covered this in another cap-related thread (I think about One-Year Deals in particular), how some of these one-year deals have smaller cap hits via the Veteran Minimum Salary Benefit, and thus save even more space for us. I won't repeat all of that again, but from what I can tell the cap hits from the above contracts isn't the same as what they're being paid due to the structure of the deals. Basically these one-year minimum deals allow us to reduce their cap number to $555,000 plus whatever bonuses they get.

According to spotrac, for some of these guys you have the cap hit, not the salary, and vice-versa. But, for example, according to sportrac we're paying Florence the vet min ($940,000 for him) + a signing bonus of $65,000, to bring him a payday of just over $1mil. However, by signing him to this type of deal, his base salary for cap reasons is reduced from $940k to $555k, and then the signing bonus ($65k) is added, thus bringing his cap hit to $620k.

Hartsock is also making more, but the $620k is his cap hit. Moore's salary is consistent with what spotrac has, but his official cap hit should also be $555k since none of it is a bonus. I'm not sure if Captain's hit will also be reduced though, since he has a workout bonus as well.

I'm not sure I completely understand this stuff though, for instance it looks like we gave Captain $35,000 too much to be able to reduce his cap number. Why not just add that in as bonus? I mean, it's a one-year deal anyway. I suppose if he doesn't make the team or something you'd lose less guaranteed money this way, but otherwise we could've saved (an admittedly meager) $160k in cap space.

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