Cap Space for teams as of March 3, 2013
•I updated this last week, and I'll be updating it again next Sunday.
•Here's the link for last week's update:
Estimated Salary Cap space for all 32 teams - updated - 2/24/2013
Cap Space for teams (sorted from most cap space to least cap space): as of March 3, 2013:
•Source for Carryover $ column:
http://nfltraderumors.co/nfl-team-cap-space-6/
•Source for Cap Spending & Space columns:
http://www.overthecap.com/nfl-cap-space.php?Year=2013
Cap Space for teams (sorted in alphabetical order): as of March 3, 2013
•The new league year and free agency begin on
12:00 AM, Tuesday, March 12th--that's only 9 days from today.
•Teams can
officially begin talking to free agents from other teams on Saturday, March 9th---of course this has already begun
unofficially, with the highlight being last week at the NFL Combine in Indianapolis.
•The finalized $123 million cap (up $1.9 million this week from the original $121.1 million projection) is courtesy of this:
Sources: Salary cap up to $123M | courtesy of ESPN's Chris Mortensen & The Associated Press | Updated: February 28, 2013, 8:06 PM ET
•5 teams are over the salary cap at this time:
New Orleans, Washington, Carolina, St. Louis, & Oakland.
•12 teams are not on pace to meet the cap spending limit so far.
•$109,470,000 is the number which equals 89% of the cap spending limit (cash spending) on average for this year’s cap.
•This doesn’t count against these teams yet, but is just for reference purposes to understand where teams are in terms of their spending SO FAR with respect to this new rule which is in effect starting this year—teams will NOT be penalized this year if they don’t spend any more money towards the cap.
•It counts towards a 4 year cycle, or “bucket”, which begins in 2013 season and ends in the 2016 season.
•The penalty for not spending the required minimum amount of cash money towards the cap will not be meted out until after the 2016 season cap spending figures have been calculated.
•If the total cap spending of teams in cash money between 2013 & 2016 does not turn out to be 89% of the salary cap for those four years, then that team will be penalized monetarily on early 2017—no draft picks or any other kind of penalty affecting personnel or salary cap space will be meted out.
•Any team(s) which will NOT have spent 89% of its cap will be required to pay the remainder back to the players who played for the respective team(s).
•The remainder will be divided up by the amount of players who played for the team(s) in question, and then that cash remainder will be distributed evenly amongst them.
•Please see this link below to a thread which I posted about this topic last week for more information:
•
Minimum Salary Floor explanation for the salary cap
Later on this offseason, they're going to need money to sign the rookies. The estimated rookie pool number for the Giants, courtesy of overthecap.com is $4,614,587
•Basically, the Giants need to be at $10,839,587 under the cap in order to sign their draft picks and Restricted Free Agents (RFAs).
•Right now they are only $3,832,113 under the cap, which means that they are fine to start free agency in 9 days, but they will need to clear another $7,007,474 in cap room in order to get done what they need to get done eventually this offseason.
•In order to take care of the most pressing need--the Restricted Free Agents who'll cost $6.225 M (Cruz, S. Brown, and A. Brown), they're going to need to clear another $2,392,887--this has to happen before the tenders are due before the start of free agency on March 12th.
•As can be seen, there is obviously more work to be done by the Giants' cap man, K. Abrams, before free agency begins--I didn't even include the Giants' own free agents that they want to attempt to retain OR the players that they'd be interested in gong after from other teams.
New York Giants' 2013 Salary Cap estimated figures courtesy of our friend Jason Fitzgerald who runs overthecap.com
Thanks
1. They got more money to work with because of the Kiwi restructure: $1 million more to be exact
See here: http://www.nj.com/giants/index.ssf/2013/02/giants_mathias_kiwanuka.html
2. The Giants also got $1.9 million more to work with courtesy of the salary cap being bumped up earlier this week from $121.1 M to $123 M
That's an extra $3.9 million that the Giants got to work with this week if you're keeping track at home.
The adjustment also includes impending free agent Will Beatty cap number of $3.5 M that was added this week when he re-signed with the team prior to free agency.
Last week at this time, the Giants were estimated to be $4,077,113 under the cap. This week they're $3,832,113 under. They've only lost $245,000 in cap space, and have re-signed their biggest impending free agent. Getting an ascending young player who is a quality starting OLT for a cap number of only $3.5 M is quite a feat by the Giants' front office.
Granted, the Giants did have to restructure Kiwi to help give them more space, but the Giants are in a better place this week with respect to the cap tan they were last week with respect to it. It'll be interesting to see what happens this coming week, and what I'll have to post next Sunday as far as these ever-changing cap numbers are concerned.
Hate to keep banging this drum but I think it's so damn important. I see no way the Gmen can offer Cruz a big boy contract at this time and they are stuck offering Victor the 1st round tender.
With that in mind, look over the cap figures and team draft positions. I can see 2 places that Cruz may be given an offer sheet. Indy and Patriots. Those 2 teams draft 24 & 29. I suspect one of them if not both will be willing to give that 1st rounder to grab a great proven WR and help their cap floor.
Shit.
•Prior to the beginning of the new league year. For 2013, it is Tuesday, March 12 at 4PM Eastern.
Do all player contracts count against the salary cap in the offseason?
•No. The “Top 51” rule stipulates that only the top 51 salaries count against the salary cap in the offseason. However, once the regular season starts, all contracts – including practice squad players – count against the salary cap.
Click below for the rest.
"Durkin: Explaining The NFL’s Salary Cap" by Dan Durkin | February 18, 2013 3:15 PM - ( New Window )
Just the other day the Chiefs traded picks for Alex Smith who almost certainly would have been released by the 49ersin a few weeks.
If no teams make an offer for Cruz. the Giants could have him for 2013 & 2014 by franchising him next year. Total 2 year cost would be about 7M per.
If they want to re-sign Spencer they will need to make more room. Still it is remarkable how teams are able to get out of the hole so quick.
For Dallas to create more cap space they still have Romo, Scandrick, Ratliff, and others that can be restructured. They can also cut or rework the contracts of players like Free, Sensabaugh, Connor and others. Dallas still has multiple options to create further cap space for the upcoming free agency period.
What would happen in that case is that Nicks would be the guy that the Giants invest in in the future--by default obviously--and that the Giants will probably draft a young WR who Eli will bring along.
Things will be okay one way or the other. The best option would be for Cruz to be here of curse, but if it doesn't work out that way then the Giants will simply move on, which is what the most successful organizations in this league do.
It should read as 2.9 million, not 3.9 million.
My apologies.
Well done Sir!