Archived

This topic is now archived and is closed to further replies.

Current Cap space for all 32 Teams

30 posts in this topic

Posted

Holy crap! There are a few teams with 26mill+ in cap room! Thats crazy...

Share this post


Link to post
Share on other sites

Posted

I think the 7 million in cap savings was total, given a voided contract maybe, not this season. The 900k seems mathematically close...I hope I am wrong.

Share this post


Link to post
Share on other sites

Posted

These are completely different figures than I saw originally but this should give them about 6 or so million. Hopefully this is correct.

http://espn.go.com/blog/nfcsouth/post/_/id/46371/details-of-jordan-gross-contract-extension

Share this post


Link to post
Share on other sites

Posted

I think the 7 million in cap savings was total, given a voided contract maybe, not this season. The 900k seems mathematically close...I hope I am wrong.

Gross was set to make $8.7 million in 2013, but the franchise leader in starts agreed to drop his base salary to $1 million while earning a $4.5 million signing bonus on a contract extension through 2017.

The $6.8 million more in cap space gives the Panthers more than $7 million to spend on free agents and draft picks.

Read more here: http://www.charlotteobserver.com/2013/03/27/3944718/carolina-panthers-jordan-gross.html#storylink=cpy

I don't know why they do not come out and explain the parts that really matter. In the grand scheme of things, I am only concerned about the cap. Here, he says $6.8 million, and I assume Chase Blackburn got $1 million, so we are over $5million over, with the picks left to sign>>>???

Share this post


Link to post
Share on other sites

Posted

A little less than five and a half million under. More to be cleared after June 1st.

Not bad.

Funny to think we were plus 14 million or so over not that long ago.

Share this post


Link to post
Share on other sites

Posted

Should have roughly $7.2M in cap space currently after you factor in Gross and Blackburn.

Share this post


Link to post
Share on other sites

Posted

Gross took a paycut of $3.2 million, but the way it's structured actually saves us $6.8 million in cap space this year. I've seen that 900k number thrown around, but that's pre-Gross restructure. Basically we have $7.7 million minus whatever we paid Blackburn.

Have the Mitchell, Ginn, and Edwards salaries been announced? Based on this it looks like their total cap hit this year is $2.25 million.

Share this post


Link to post
Share on other sites

Posted

I don't know why they do not come out and explain the parts that really matter. In the grand scheme of things, I am only concerned about the cap. Here, he says $6.8 million, and I assume Chase Blackburn got $1 million, so we are over $5million over, with the picks left to sign>>>???

Basically we had 900k available before Gross' restructure, and he had a cap hit of $11.7 million ($8.7 base + $3 in bonuses). Basically he agreed to cut his base down to $1 million - an immediate savings of $7.7 million. In exchange, we gave him another $4.5 million as a signing bonus. The cap hit from the bonus is spread across the five years of the deal (even if they "auto-void") so $4.5/5 years creates a cap hit of $900k from the signing bonus.

So $7.7m savings in base salary minus $900k signing bonus hit = savings of $6.8 million. Hope that helps.

Share this post


Link to post
Share on other sites

Posted

Basically we had 900k available before Gross' restructure, and he had a cap hit of $11.7 million ($8.7 base + $3 in bonuses). Basically he agreed to cut his base down to $1 million - an immediate savings of $7.7 million. In exchange, we gave him another $4.5 million as a signing bonus. The cap hit from the bonus is spread across the five years of the deal (even if they "auto-void") so $4.5/5 years creates a cap hit of $900k from the signing bonus.

So $7.7m savings in base salary minus $900k signing bonus hit = savings of $6.8 million. Hope that helps.

Thank you. I am not sure I actually considered the fact that we extended Gross' contract for 3 years. That was not reported, initially. However, I think Gross can play until he is 35 or 36, maybe as a RT and a backup for most of it, but this was not a bad deal.

Share this post


Link to post
Share on other sites

Posted

I would be happy if we could bring in one more DT... Alan Branch come on down........

Share this post


Link to post
Share on other sites

Posted

How the fug does Philly always have so much cap space!?

Share this post


Link to post
Share on other sites

Posted

Sucks to see pretty much every team with more cap space than us

Share this post


Link to post
Share on other sites