In comment 13390740
old man said:
| 6m for picks and up to 3M for injury settlements?
I think its been that way the last 2 years, unless the CBA has a different formula for '17.
3.5 seems low for 7 picks, meaning averaging out at 500,000 per pick.
Though I'm happy they have about 3M more than I figured.
The explanation is that the rookie pool number is more than the net cap space required because each rookie displaces a player at the bottom of the cap calculation.
From Over the Cap
"The Rookie Pool is the total cost in cap dollars that a team needs to sign its rookies in the summer. The cap space required to do this is less than the rookie pool. This is because every draft pick signed will replace a player already counting against the cap. The effective cap space needed is equal to: Rookie Pool – ($465,000 x number of picks)."
OTC indicates the NYG rookie pool number at 5.5M, which would put the net cap space number at about 3M. However, OTC shows NYG's fourth pick as forfeited altogether, rather than just displaced. When this is corrected, the pool number should be about $6M and the net space actually required about $3.5M, which is consistent with the Raanan estimate. Link
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