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Understanding Our Cap Situation: Why We Are Being Patient

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  • Understanding Our Cap Situation: Why We Are Being Patient

    http://www.denverpost.com/krieger/ci_18572814

    Their cap situation will also improve markedly next Thursday, when the NFL's 2011 league year belatedly begins. Peter Ruocco, the league's senior vice president of labor relations, confirmed Thursday that all dead money — money amortized from the contracts of cut or traded players — will come off the salary caps of all NFL teams in the new league year. That will clear roughly $17 million off the Broncos' books and put them well under the $120 million cap.

    This provision of the new collective bargaining agreement was first reported locally by the Mile High Report, a Broncos blog that quoted the relevant portion of the as-yet- unpublished CBA. It will ease salary cap pressure on a number of teams, but few more so than the Broncos because of their high player turnover in the past couple of years.

    In effect, teams were permitted to dump all their dead money into the uncapped 2010 league year, when there were no rules governing the amortization of signing bonuses. Salary cap figures provided to player agents by the players' association presumed those cap rules would continue operating through the uncapped year, but Ruocco said they did not. Those rules resume with the new league year, but dead money from players cut after June 1 don't show up on team caps until 2012.

    As a result, the Broncos should retain a modest amount of cap room even after they've signed their 2011 draft picks, which they were well on their way to doing Thursday. It may not be enough to support high-profile free-agent signings, but then, they may not make many high-profile free-agent signings.
    In summary, we are against the cap right now. But by Thursday (August 4th), all that dead money will be erased from our cap number, and we'll be well under the cap number.

    Basically, it looks like we'll wait until August 4th to make any significant moves in terms of signing free agents.
    Last edited by getlynched47; 07-29-2011, 07:34 AM.


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  • #2
    Thanks for posting that.

    I'd like to think it would quiet the sky-is-fallers, but that won't happen.

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    • #3
      Originally posted by getlynched47 View Post
      http://www.denverpost.com/krieger/ci_18572814



      In summary, we are against the cap right now. But by Thursday (August 4th), all that dead money will be erased from our cap number, and we'll be well under the cap number.

      Basically, it looks like we'll wait until August 4th to make any significant moves in terms of signing free agents.
      I've been waiting to hear more talk about this- every major news source seems to have missed this until now. For some reason I'm still a bit skeptical though....

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      • #4
        Originally posted by getlynched47 View Post
        http://www.denverpost.com/krieger/ci_18572814



        In summary, we are against the cap right now. But by Thursday (August 4th), all that dead money will be erased from our cap number, and we'll be well under the cap number.

        Basically, it looks like we'll wait until August 4th to make any significant moves in terms of signing free agents.
        Fantastic! By Thursday, all the talented players will have signed elsewhere and we'll be right back to 3rd and 4th tier talent to pick through. Anybody still have the Browncos phone numbers?

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        • #5
          We can still sign players though, we don't have to be under the cap until August 4th. There isn't a real reason for us to not be getting somebody. I'm starting to think that the FO believes it would be a lot easier for them to hit the cap floor with Orton rather than signing/overpaying for DTs that aren't worth it.

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          • #6
            I might be missing something, but how does that make us wait? We know how far under we will be, so why not sign the guys anyway. Are we not allowed to exceed the cap or something?
            What's the difference between ignorance and apathy?
            I don't know and I don't care

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            • #7
              Well I hope Mebane can wait that long.......I have a feeling we will lose out on him by then as well as the majority of the remaining "impact" free agents as they are anxious to sign with a team and get into training camp as soon as possible.
              Proud Member of the Legion of Doom Beadlemania Team Tebow

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              • #8
                Originally posted by HORSEPOWER 56 View Post
                Fantastic! By Thursday, all the talented players will have signed elsewhere and we'll be right back to 3rd and 4th tier talent to pick through. Anybody still have the Browncos phone numbers?
                There's nothing we can do about it.

                The intention of this article is to clear up the massive confusion. Various news outlets (Denver Post, ESPN, NFL Network) were reporting that we were over the cap.

                But Mile High Report did a very detailed, thorough article that explained we were under the cap.

                Both of them were right, except MHR missed that this doesn't take effect until August 4th.


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                :cool:

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                • #9
                  This has all been gone over in numerous threads. But thanks

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                  • #10
                    Originally posted by cvnorton View Post
                    Well I hope Mebane can wait that long.......I have a feeling we will lose out on him by then as well as the majority of the remaining "impact" free agents as they are anxious to sign with a team and get into training camp as soon as possible.
                    Very good point. Will he wait or take the $$ now.
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                    • #11
                      Originally posted by beastlyskronk View Post
                      We can still sign players though, we don't have to be under the cap until August 4th. There isn't a real reason for us to not be getting somebody. I'm starting to think that the FO believes it would be a lot easier for them to hit the cap floor with Orton rather than signing/overpaying for DTs that aren't worth it.
                      I'm not aware of the actual rules regarding being over the salary cap before August 4th.


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                      • #12
                        Ah I didn't see this thread of I wouldn't have posted my question in another thread

                        I saw this earlier this morning when Schefty tweeted the article... does it matter if we're over the cap before the 4th? A lot of teams are over the cap right now and are trimming fat to get under it, I just wonder if there's a deadline before that day that we have to meet, cause if not, why don't we just spend away and then lose all the dead money when we get there.

                        Do the Broncos know we're gonna lose this money?

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                        • #13
                          OK - thanks for posting that - it helps with the confusion I was having. It still leaves the impression things will be better cap wise but not by a lot. If I am doing the math right we are 9M over currently but will drop 17M which should mean we will be 8M to the good. Still not much to work with.

                          P.S. I think the figures I used are probably old on the 129M so this wouldn't count some of the cuts and signing we have done the last day or two.
                          Last edited by Nimrod; 07-29-2011, 07:47 AM.
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                          • #14
                            Originally posted by Hoserman117 View Post
                            Ah I didn't see this thread of I wouldn't have posted my question in another thread

                            I saw this earlier this morning when Schefty tweeted the article... does it matter if we're over the cap before the 4th? A lot of teams are over the cap right now and are trimming fat to get under it, I just wonder if there's a deadline before that day that we have to meet, cause if not, why don't we just spend away and then lose all the dead money when we get there.

                            Do the Broncos know we're gonna lose this money?
                            Somebody should tweet Adam Schefter and ask


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                            FA Targets: DT Jason Jones, DT Pat Simms, S Reggie Smith, LB Dan Connor



                            :cool:

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                            • #15
                              According to the rules stated in the 2011 NFL Calander PDF they released a few days ago:

                              "August 4
                              All Clubs must be within the Salary Cap at 4:01 p.m., New York time"

                              I think this implies that teams are allowed to go over the salary cap up until this point, meaning that we are only financially restricted by contracts we plan on having on our roster on August 4th.

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