We keep track of the salary cap (or at least try to) on an everyday basis, so I thought it might be good to do a weekly recap of the effects of the weeks cap moves as we make a turn towards training camp time where the transaction sheet will likely begin to pick up pace.
Moves from the Week:
Cincinnati Bengals– The Bengals signed DE Carlos Dunlap to a 5 year contract extension worth just under $40 million dollars and also locked up their first round draft pick Tyler Eifert to a standard 4 year deal. Dunlap’s contract was heavily frontloaded and cost the Bengals $5,418,200 in cap room. Between he and Eifert the Bengals spent $6,439,231in cap space. There should be no worries as the moves left them with nearly $15.55 million in cap room, 7th most in the NFL.
Green Bay Packers– The Packers extension of S Morgan Burnett reduced their 2013 cap space by $1,650,000, the amount of Burnett’s proration attributed to his $8.25 million dollar signing bonus. With $14.67 million in cap room the Packers have the 8th largest amount of unused cap in the NFL.
Denver Broncos– The Broncos lost $2.72 million in cap room with the signing of LT Ryan Clady to a heavily frontloaded contract and vesting future guarantees. Already counting $9.828 million against the cap the Broncos agreed to pay Clady a $10.5 million dollar roster bonus to keep his future charges low rather than looking to build carryover cap space this season. Denver has $7.39 million in cap room.
Jacksonville Jaguars– The Jaguars came to terms with rookie WR Ace Sanders on a four year contract. Jacksonville lost $45,362 in cap room following the signing. The Jaguars still have $22.9 million in cap space, 2nd most in the NFL.
Detroit Lions– The Lions gained $321,000 in cap room with the release of RB Jahvid Best and they will now carry $1.1 million in dead money on the 2014 salary cap. The Lions have $5.22 million in cap room.
Dallas Cowboys– The Cowboys gained $225,000 in cap room when Josh Brent retired. Dallas can also go after his proration from the year, $11,889, though I can’t imagine they would do so.
New England Patriots– The Patriots released WR Donald Jones to save themselves from paying a $200,000 reporting bonus due at the start of training camp. Jones was set to count for $1.131 million against the cap in 2013. Releasing him created $576,250 in cap space pushing the Patriots to $9.79 million.
Tampa Bay Buccaneers– The Buccaneers traded troubled cornerback Eric Wright to the San Francisco 49ers for a conditional late round pick. The Bucs got off great with Wright as off the field problems saw his guarantees for 2013 void, which allowed them to push him into a paycut. With more legal troubles Wright was sent packing creating $945,000 worth of cap space in the process. Tampa has he 4th most cap space in the league at $19.22 million.
San Francisco 49’ers– The 49’ers were on the other end of the trade with the Bucs, taking on Eric Wright and his $1.5 million dollar salary. The addition of Wright reduced San Francisco’s cap room by $945,000. The 49’ers now have $4.49 million in cap room and limited space in 2014, fueling speculation that the team may cut CB Carlos Rogers, saving over $4 million in 2013 and $5.1 million in 2014, giving the team much more breathing room as they prepare for an extension with QB Colin Kaepernick after the season.
Three to Keep an Eye On
St. Louis Rams– With just $214,088 in cap room the Rams do not have enough cap space to function once the regular season begins. They will need to restructure contracts or make a few cuts to be able to function in the regular season.
Washington Redskins– At $1.4 million in cap space the Redskins have the 2nd least amount of space in the NFL. Once rosters expand to 53 and teams spend $1 million on a practice squad the Redskins will be forced to make moves to be cap compliant in September. They should have over $10 million in cap room in 2014 so they may look to push some money into next year if they do not want to make any cuts.
Houston Texans– Houston still needs to sign their first three draft picks, which will eat into their $2.8 million in cap room leaving them with around $1.6 million in room when the season begins. Add in two contracts and a Practice Squad and you get the idea- Houston can’t stand pat and do nothing over the next few weeks.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.