Just wanted to post a brief update on the status of some
salary cap related stuff on OTC over the next few weeks. This time of year is
filled with all kinds of rumors, announcements of signings, possible trades,
cuts, etc….and it always causes all kinds of confusion so here is how we plan
on handling the various items in the offseason.
Trades can not be processed until the beginning of the league year so from a
technical standpoint all of these players should remain on their current team
until March 18th at 4PM. During the next few weeks its always
possible that the trades can fall through or a new trade partner pops up
essentially making the trade announcement nothing more than a fantasy. In the
past trade agreements during February and March were pretty rare but it picked
up steam last year and we did adjust the way we handled them last year.
Provided that the trade is reported by a reputable source (Adam Schefter for
example)or announced by the team we will process it within a day or two of the
announcement even though we may need to revert it if the trade falls through.
There is always talk of players that are being released. We
will not process any cuts unless officially announced by the team either
through a press release or the official NFL transaction wire.
Retirement announcements often occur in February and March,
but until these are official with the NFL we will not process these. We will treat it this way even if the team
and/or player announces it. Why? There are
cases that arise where a player realizes that retiring is not in his best
financial interest and ends up not retiring. From a cap perspective teams may
want to hold off on officially placing someone on a reserve list until June 2.
Unless we confirm the numbers with someone we will not
process any rumored signings. We may, during free agency, put in some
placeholder numbers based on reports that assign the player to the right team
and put his overall reported contract numbers into our rankings, but please
remember that often reported values end up very different than the actual ones
so if you see numbers change over time that may be why.
Players with voids (like Tom Brady) often have cap dollars
that may accelerate into 2020 if they do not sign an extension. This
acceleration doesn’t happen until the first day of the league year and we will
not adjust until that date. For players with voids earlier than that we will
accelerate it once the void occurs and move the player from the active list to
the “dead money” list. We never count fake base salaries (contracts will usually
have a large salary in the contract) at any point for voidable contract years.
With NFL rules changes these options will likely soon come
to an end, but for the next year or two they have to dealt with. The declined
option, despite the nicer sounding words associated with it, is nothing more
than a cut. The only difference is that the player wont be free until the start
of free agency. As long as the news of the declined option comes from a
reputable source we will process this as a cut,
Because of the difference in the way we will be treating
this versus how others will and specifically how the NFL will when you see wild
differences between reported numbers this is likely a main reason why. Also
remember that things are always very fluid this time of year and while we do
our best to keep up with contract announcements and details there is always
going to be some lag especially with new rules possibly in place this year. So
just stick with us while we get it all sorted out.
Thanks as always for making OTC a small part of your
football world and lets get ready for another wild free agency period.