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Updated cap is $182.5 million


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https://profootballtalk.nbcsports.com/2021/03/09/salary-cap-likely-to-be-no-more-than-183-million/amp/?__twitter_impression=true

 

As one source with knowledge of the dynamics has explained it to PFT, the fact that the franchise-tag deadline wasn’t extended by the league and the union can be interpreted as an indication that the cap won’t significantly exceed the $180 million floor. Per the source, the cap will at most be $183 million.

 

 

 

Edited by Reed83HOF
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Every time someone with a source or inside knowledge has talked they've been saying $180 - $185 and more specifically $181 - $182 roughly. 

 

This is where it's always been heading. Could be a little bit more or a little bit less, but it sure seems like this is the area.

Edited by Thurman#1
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I just have no idea why the NFL is allowing the cap to drop by so much for a year when they could just keep it level for a few years since the massive TV contracts are going to kick in soon...

 

It's creating a year of chaos and player cutting bloodbath for really no reason. The money is coming back and growing hugely within 2 years, why not keep the cap stable and then take added revenue from the shortfalls until it is paid back before the cap goes up again?

Edited by Big Turk
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1 hour ago, Big Turk said:

I just have no idea why the NFL is allowing the cap to drop by so much for a year when they could just keep it level for a few years since the massive TV contracts are going to kick in soon...

 

It's creating a year of chaos and player cutting bloodbath for really no reason. The money is coming back and growing hugely within 2 years, why not keep the cap stable and then take added revenue from the shortfalls until it is paid back before the cap goes up again?

It’s really not that bad of an issue.  Teams are using restructuring and voidable years to move cap hits into next season and beyond.  The expectation of significantly higher caps starting in 2022 allows teams to do this pretty freely. 

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1 hour ago, BarleyNY said:

It’s really not that bad of an issue.  Teams are using restructuring and voidable years to move cap hits into next season and beyond.  The expectation of significantly higher caps starting in 2022 allows teams to do this pretty freely. 

 

Everyone interviewed or speaking on it has said it will be "a bloodbath". Agents, players, GMs, people woth knowledge of front office dealings, etc...

 

So according to them it most certainly will be a big deal.

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The NFL couldn’t agree on the length of time to steal from the future.  The PA wanted phased out over 7-10 years, the league wanted th exit over 1-2 years.  I don’t know where they landed, but the owners don’t want to shoulder all of the losses so hence, restructures, reductions, etc.

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8 hours ago, Big Turk said:

 

Everyone interviewed or speaking on it has said it will be "a bloodbath". Agents, players, GMs, people woth knowledge of front office dealings, etc...

 

So according to them it most certainly will be a big deal.

There will be an impact to be sure, but that impact has been way overhyped.   (Imagine that!).  It will not be in “bloodbath” territory for the vast majority of teams.  That’s due in large part to the massive increase expected in next year’s cap.  A lot of mid tier vets will take it in the shorts for a year though.

 

A good example of exactly how much of a bloodbath it is not is that the team with the worst cap situation this season, New Orleans, was able to use their franchise tag. 

Edited by BarleyNY
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5 hours ago, Limeaid said:

It is likely there was a proposal to NFLPA where all of the money did not come from their pockets but future earnings and their "partners" rejected it just wanting NFL owners to take it out of their pockets despite agreement this is how it is supposed to work.


 

The NFLPA was happy to spread the loss out over 10 years and have the cap normalized this year.  The owners wanted it limited because many are struggling with cash on hand in their real life and losing money in 2020 and not regaining that money until 2030 was bad business.

 

The owners were willing to forgo some money, but wanted to see it repaid within 2-3 years at most - otherwise they were basically giving the players about 1 billion dollars interest free over 10 years (~40 million expected salary cap drop and 32 teams - 1.2 Billion).  The expected salary cap drop based on lost revenue was going to be 160-165 million.  They agreed to mid 170’s and now about 183 million with that extra money being cut out the next 2 years.

 

 

Edited by Rochesterfan
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19 minutes ago, Gregthekeg said:

Doesnt a team usually need around 10 Million to sign the draft class and UDFA? Expect some moves soon. 

That is always the figure i was used to hearing however Gregg Thompsett (Cover 1 Buffalo podcast) did a good job of explaining it in more detail recently.  The figure required is actually much lower than that.  I cant remember exactly but I think less than $3m against the cap due to most of the draft class being at the lower end of the salary scale and not counting against the cap. (EDIT: The rule of 51 as explained more elegantly by YattaOkasan below)

 

Edited by NI Bills Fan
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12 minutes ago, Gregthekeg said:

Doesnt a team usually need around 10 Million to sign the draft class and UDFA? Expect some moves soon. 

No rule of 51.  It might look like 10million but only the top 51 salaries count against the cap for now (53 later obviously).  When you sign a draftee if they make more than the 51st player than you bump them off the list.  However, the affect to the cap is just the difference between the draftee cap number and the 51st players cap number (since that player was counting previously).  When you consider the price of later round draft picks relative to vet minimums those picks cost like nothing to sign.

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  • Reed83HOF changed the title to Updated cap is $182.5 million

Now the question is what does Beane and McDermott do? You can probably eliminate 1 DT with the return of Star, Jefferson or Butler. So Bills sit around $10 million in space without losing much. 

 

Many different ways the Bills can go to create space. They can create nearly $50 million pretty easily. But will they? 

 

Edited by Buffalo_Stampede
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11 minutes ago, stosh64 said:

This is a pathetic move by the NFL...

It’s what they are contractually obliged to do.  While it’s true that the league could increase that amount if they wanted to, there’s little reason for them to do so as it would cut into their profits and upset the large number of teams who are in good cap shape.  Also the NFLPA would not agree to borrowing from future caps.  I do not blame them for that as doing so would likely decrease overall spending slightly.

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2 minutes ago, BarleyNY said:

It’s what they are contractually obliged to do.  While it’s true that the league could increase that amount if they wanted to, there’s little reason for them to do so as it would cut into their profits and upset the large number of teams who are in good cap shape.  Also the NFLPA would not agree to borrowing from future caps.  I do not blame them for that as doing so would likely decrease overall spending slightly.


 

You are correct - except the NFLPA was all for borrowing against future cap - spreading it out over 10 years - the owners were not willing to do so.

 

Basically the higher the cap and the more years it was spread out was money out of the owners pocket - interest free.  The owners wanted the cap lower and any future cap impacts limited to 1-2 years.  As it is - the cap at 182.5 rather than the 160 or so the NFL/NFLPA agreement calls for - is over half a billion dollars extra the players get now that is offset over the next 2 years.  That is a lot of money the owners are putting out without the offset capital guaranteed to return.

24 minutes ago, stosh64 said:

This is a pathetic move by the NFL...


 

This is a ridiculous take as the cap really should be 20 million lower - it was a sound agreement between the parties.

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16 hours ago, Reed83HOF said:

https://profootballtalk.nbcsports.com/2021/03/09/salary-cap-likely-to-be-no-more-than-183-million/amp/?__twitter_impression=true

 

As one source with knowledge of the dynamics has explained it to PFT, the fact that the franchise-tag deadline wasn’t extended by the league and the union can be interpreted as an indication that the cap won’t significantly exceed the $180 million floor. Per the source, the cap will at most be $183 million.

 

 

 

yea slick little title change there bud...

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