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RE: SALARY CAP THREAD

Jags02 — Tue, 14 Oct 2008 02:21:54 GMT

Thanks for the kind words. I'm still a couple weeks behind and I do intend to catch up, but I keep finding myself busy with Click for Cans and other things. I need to set aside some time for another cap update which should catch me up to present.

RE: SALARY CAP THREAD

jaystus — Tue, 14 Oct 2008 02:08:50 GMT

i just read this for the first time amazing

RE: SALARY CAP THREAD

JagNGeorgia — Thu, 09 Oct 2008 23:01:47 GMT

I just wanted to say thanks for all the effort you put in this thread, '02.

RE: SALARY CAP THREAD

Jags02 — Sat, 04 Oct 2008 20:03:05 GMT

Continuing on...

Following the Bills game, the Jaguars made adjustments to get Naeole (still out vs. Steelers) back on the roster...

Monday, September 15th

WR D'Juan Woods waived - dead money = $32,753 (includes one week at rookie minimum rate, $5000 dead money carried over from last year, and two weeks on Practice Squad)

Wednesday, September 17th

RG Chris Naeole signed - $1,076,667 salary for last 15 weeks
OT Andrew Carnahan waived from Practice Squad - $10,400 dead money from squad
WR D'Juan Woods re-signed to Practice Squad - $78,000 for remainder of year on squad
LB Lamar Myles signed to Practice Squad - $78,000

As of Sunday, September 21st with week three's transactions in the books, I'm showing the Jaguars at $3.97 mil under the cap. I'm assuming that Naeole's deal with straight salary with no bonus. If you know otherwise, let me know.

RE: SALARY CAP THREAD

Jags02 — Sun, 28 Sep 2008 04:55:02 GMT

I have some time before hitting the sack to get caught up on the Jaguars in-season roster moves to date. I'll of course start with week 1 heading into their first game...

Tuesday, September 2nd

DE Brent Hawkins waived - $38,750 dead money in both '08 and '09
CB Isaiah Gardner activated from Practice Squad - re-signed to original three year deal, including his $295,000 rookie base salary
CB Rashad Moulton released from Practice Squad - waived before he could collect a single Practice Squad paycheck
OT Cliff Louis and WR D'Juan Woods signed to Practice Squad - Both were waived two days prior (Louis by the Giants) and signed for P.S. minimum $88,400 rate for the season

Thursday, September 4th

OT Richard Collier placed on Reserve/Non-Football Injury List - $1.95 mil cap hit believed to remain the same, although there may be a rule to reduce or eliminate his $445,000 base salary
OT Charles Spencer signed - released by Bills in early August; signed for year at $370,000 rate

Going into their first game I'm showing the team at $6.21 mil under the cap. During week two, they made the following moves...

Tuesday, September 9th

CB Isaiah Gardner waived - took home $17,353 paycheck for the week
OT Cliff Louis waived from Practice Squad -took home $5,200 paycheck for the week
G Vince Manuwai placed on IR - $3.2 mil cap hit remains intact
G Milford Brown signed - recently released by Panthers; signed for year at $605,000 rate; beleived to be a BSP contract for remaining 16 weeks wherein he only counts $418,824
OT Chad Slaughter signed - recently released by Ravens; signed for year at $445,000 rate; for remaining 15 games he counts $418,824.

Wednesday, September 10th

RG Mo Williams placed on IR - $4 mil cap hit remains intact
OT Todd Wade signed - recently released by Redskins; signed with $982,813 base salary for remaining 16 weeks

Thursday, September 11th

CB Isaiah Gardner cleared waivers and re-signed to Practice Squad - $100,553 cap hit includes rookie paycheck for week one plus $83,200 for remaining 16 weeks on Practice Squad (estimating additional $2,500 dead money hit from initial release)

Saturday, September 13th

Chad Slaughter released - he should still get credit for one week on roster, which means he took home a $26,176 paycheck
D'Juan Woods activated from Practice Squad - he'll actually get a Practice Squad paycheck and an active roster paycheck for the week. Accounting for $5000 dead money carried over from last year, $10,400 for two weeks on the Practice Squad, and $277,647 for 16 weeks on the roster at the rookie minimum rate, I'm showing his cap hit at this point at $291,963.

Going into their second game on September 14th I'm showing the Jaguars at $4.78 mil under the cap. I'm only a couple weeks behind now.

RE: SALARY CAP THREAD

Jags02 — Sat, 27 Sep 2008 19:12:46 GMT

As players are let go and sign elsewhere, I keep track of their whereabouts on my roster (posted on my site and on the T-U board). The following list should be accurate, but do let me know if I've overlooked anyone (players not in bold are no longer on an active 53-man roster)...

DT Marcus Stroud – Bills (traded for 3^rd and 5^th round picks)
WR Ernest Wilford – Dolphins
RDE Bobby McCray – Saints
SS Sammy Knight – Giants
RB LaBrandon Toefield – Panthers (released)
OLB Shantee Orr – Browns
CB Aaron Glenn - Saints
QB Quinn Gray – Texans (released; signed w/ Colts)
CB Terry Cousin – Browns
WR Craphonso Thorpe – Giants (claimed off waivers; released)
CB Chris Roberson – Dolphins (released)
QB Lester Ricard, Jr – Panthers (released)
DT Grady Jackson – Falcons
OL Ryan Gibbons – Cowboys Practice Squad
OL Pete McMahon – Patriots (released; claimed off waivers by Jaguars, released)
RB Lavarius Giles – Rams (claimed off waivers; released)
QB Todd Bouman – Ravens
RB D.D. Terry – Texans Practice Squad
LB Tony Gilbert - Falcons
S Jamaal Fudge – Falcons
CB Trae Williams - Eagles Practice Squad
TE Isaac Smolko - Colts Practice Squad
WR John Broussard – Giants Practice Squad
DE Kenneth Pettway - Packers

Interestingly, when the Eagles signed Trae Williams to their Practice Squad they agreed to pay him twice the going rate. Instead of paying him the normal $5,200 per week, they're paying him $10,400 per week.

RE: SALARY CAP THREAD

Jags02 — Thu, 25 Sep 2008 23:51:59 GMT

It's time for me to start getting caught up. I've managed to fall behind largely due to my online time being rather limited over the past month. My last update covered the Jaguars first round of cuts along with a roster move the following day when they signed Fason while waiving Liwienski. In my last reply I covered Harvey's estimated contract, and in this reply I'll cover their last round of cuts and the changeover to everyone counting.

As noted before, the Jaguars were listed at $13.3 mil under on August 25th. My intent is to match this number as of that date. Previously I mentioned that this must have included Harvey's signing, but in retrospect it couldn't have because Harvey signed on August 27th. The players involved in the cutdown to 75 were waived on the 25th or 26th so it's tough to stay if they'd have been included, but fortunately none of the them were among the 51 most expensive meaning they had no effect on the cap. As a result, I've adjusted the books to reflect the Jaguars at $13.3 mil under just prior to Harvey signing and the last round of cuts. I'm now showing $3 mil in my "unkown savings" column.

Tacking on Harvey's $2.11 mil cap hit (top 51 rules still applying) brings me to $11.64 mil under the cap as of August 27th. The next day when Harvey's roster exemption was lifted, the Jaguars placed Wrighster on the PUP list. His cap hit remained intact, and still counts seperately from the 53-man roster.

On August 30th in the last round of cuts, the Jaguars placed Nkang and Mincey on their PUP list while placing DT Jonathan Lewis on IR. They also waived Bouman, C. Brown, Bruce, Carnahan, C. Davis, Fason, Gardner, Gilbert, M. Grant, Hoag, Mahelona, McMahon, D. Miller, Moulton, Myles, Pettway, Schobel, Tr. Williams and Woods.

Per my estimate on UDFAs signed immediately after the draft, C. Brown, Gardner, Grant, Miller and Myles are each counting $2,500 dead money this year, and $5000 dead money next year. The $2,500 was already counting in my "addition bonus hits" column so their releases had no effect the cap. Bruce, Davis, Fason, Hoag, Mahelona, McMahon, Moulton, and Schobel were all players not among the top 51 with with no known bonus hits counting, which in turn means their release had no effect on the cap. Gilbert ($610,000 salary) and Pettway ($520,000 salary) also had no known bonus hits in their contract, although they're salaries were counting among the top 51 wherein their releases freed up a little money.

The remaining players each left a small dead money hit. Todd Bouman is listed with a $10,000 dead money hit, and Trae Williams is listed with a $43,625 dead money hit this year and a $130,875 dead money hit in '09. Woods had a $5,000 estimated dead money hit leftover from last year.

On September 1st with Regular Season cap rules in effect, the Jaguars added Brown, Bruce, Carnahan, Davis, Gardner, Miller, Moulton and P. Smith to their Practice Squad at the yearly rate of $88,400 each. The same day they also added William James (who had just been released by the Bills the day before) while releasing Jamaal Fudge. Fudge had no bonus money counting so his release likewise had no effect on the cap. James signed on for the year with a $735,000 base salary, which counts in full because it's $5,000 more than his minimum base of $730,000. The Jaguars occasionally do this as if they don't want the player to have part of his salary taken care of by the league. It's a safe bet to assume he received no additional bonus money.

Switching over to Regular Season rules means that all players on the roster in any capacity count in full against the cap. In other words, you count the entire 53-man roster and all of their dead money hits along with players on their Practice Squad (8 players), PUP list (3 players), NFI list (Collier), and IR list (currently 8 players). So as of September 1st with the Jaguars having signed all of their draft picks and having concluded their final round of cuts, I'm showing the Jaguars at $6.43 mil under the cap.

In my next reply (probably next week) I'll cover their "in-season" moves to date starting with roster adjustments made on September 2nd. At that point I should be caught up. Once caught up I'll be interested in finding a new quote for where everyone is in order to compare it with my estimate. I've been discussing with other fan capologists about whether or not big dead money hits count among the 51 most expensive hits. I'm rather certain they do count and that's what my offseason spreadsheet reflected, but they're convinced otherwise. When the next cap quotes come out, I should be able to determine who is right. It's not like I have any doubt, but I'm not going to call them wrong without proof.

Also, I'm wondering if any of the players on IR are counting a "split salary" wherein their base salary is substantially reduced. So far I'm counting them all in full, but a UDFA like Horrocks might have a split salary contract. A solid cap quote might help me determine this as well.

RE: SALARY CAP THREAD

Jags02 — Sat, 20 Sep 2008 21:14:30 GMT

I finally at least have a logical estimate for Harvey's contract based on what I've covered in the above few replies as well as learning about how the "25% Rule" affects rookie contracts.

The rule as I understand it deals with base salary, roster bonus money, and I'm guessing workout bonus money, but does not include signing bonus money. It basically says that the increase in a rookie player's salary and roster bonus total cannot increase each year more than 25 percent of his rookie total. From '10 to the end of his contract, his total increases by an amount of $422,500 each year. This is likely his yearly total increase, and therefore reflects a rookie salary and roster bonus total of $1.69 mil ($422,500 x 4). Since his base salary is $295,000, this $1,690,000 total implies a roster bonus of $1,395,000.

Per the rule, his '09 total can be $422,500 more than his '08 total, or $2,112,500. Subtracting his base salary of $802,500 leaves us with $1.31 mil. The same amount is surely being added to his "total" in each year that follows, and my assumption is that he has a $1.3 mil roster bonus and a $10,000 workout bonus in each year from '09 through '13.

Adding up his $8,492,500 base salary total, his $1,395,000 rookie roster bonus, $6.5 mil worth of roster bonuses in years 2 through 6 ($1.3 mil x 5 years), and another $50,000 in workout bonuses those same years brings me to an overall sub-total of $16,437,500, including $7,945,000 in roster and workout bonus money.

I'm thinking all that's left is a rookie signing bonus and a 2nd year "option" signing bonus that might even alter future base salaries when paid. With a base contract total (not including incentives or escalators) of $23.8 mil, we still need to account for $7,362,500 in signing and option bonus money. It's hard to know how they split this up, but I do know from prior research that there was only $2,110,000 left over from their rookie pool. With that in mind I'll estimate his rookie signing bonus to be $2.52 mil ($420,000 per year). This in turn leaves $4,842,500 ($968,500 per year) as a 2nd year option bonus.

I'm inquiring to find out how accurate my estimates are, but they should suffice for right now so I can work on getting caught up with all their roster moves since mid-August. Keep in mind that Harvey's contract includes an additional $9.6 mil is possible incentives including a future base-salary escalator based on playing-time. His incentives are NLTBE as a rookie. Excluding these incentives, here are how his future cap hits work out...

2008 - $2,110,000 = $295,000 salary + $1,395,000 roster + $420,000 SB hit
2009 - $3,501,000 = $802,500 salary + $1.3 mil roster + $10,000 workout + $420,000 old SB hit + $968,500 new SB hit
2010 - $3,913,500 = $1,215,000 salary + $1,310,000 roster & workout total + $1,388,500 total SB hit
2011 - $4,336,000 = $1,637,500 salary + $1,310,000 roster & workout total + $1,388,500 total SB hit
2012 - $4,758,500 = $2,060,000 salary + $1,310,000 roster & workout total + $1,388,500 total SB hit
2013 - $5,181,000 = $2,482,500 salary + $1,310,000 roster & workout total + $1,388,500 total SB hit (voidable season)

You may notice that the bonus money total is precisely $1,869,500 less than his reported guaranteed money total of $17,177,000. I assume this is because portions of his base salaries over his first three years are guaranteed.

RE: SALARY CAP THREAD

Jags02 — Mon, 15 Sep 2008 20:12:35 GMT

[quote][b]jagsfan06 (9/15/2008)[/b][hr]Does anyone know the length of the contracts signed by C. Spencer, M. Brown or T. Wade?[/quote]

Clearly I have plenty of salary cap updating to do. I've been struggling to find the time. As for these three, they all signed one-year deals and are set to be UFAs come March 1 if not re-signed by then.

RE: SALARY CAP THREAD

jagsfan06 — Mon, 15 Sep 2008 12:51:23 GMT

Does anyone know the length of the contracts signed by C. Spencer, M. Brown or T. Wade?

RE: SALARY CAP THREAD

Jags02 — Sat, 06 Sep 2008 07:28:29 GMT

I still need to switchover all my data to Regular Season rules with all players remaining counting in full along with accounting for recent roster moves. I've been waiting because I need to have a decent estimate for Harvey before I can move on with everything else. His base salaries are finally up at the nflpa, so I'll do what I can with his contract. It's unfortunate that so few details have been reported about his details. Given his holdout I thought we'd hear about the small details, but I guess nobody wanted to go there.

For starters, I took the Jaguars $3.72 Rookie Pool and subracted the other four draft picks' cap hits, along with an additional $20,000 to $30,000 for the bonus money hits for UDFAs on the roster prior to the last round of cuts, and came up with $2.1 mil as a maximum cap hit for Harvey. That said, I expect his cap hit to be much lower. Above I explained that the difference in where the Jaguars are under the cap suggests a cap hit around $700,000. So let's break down his deal as much as possible...

Harvey's base salaries are as follows...

2008 - $295,000
2009 - $802,500
2010 - $1,215,000
2011 - $1,637,500
2012 - $2,060,000
2013 - $2,482,500

Interestingly he's under contract for six years, but all reports said the deal was for five years. This tells me it's a six-year deal, but the last year is voidable. With that in mind, I'm not sure if he'd also have a base salary escalator in 2012, but that would make sense given his $33.4 mil total maximum contract. Since incentives and escalators are unkown at this point in time (hopefully we'll eventually know about these), we only need to look at his $23.8 mil base contract total which we know includes $17,177,000 guaranteed money.

His base salaries total $8,492,500, which when subracted from his base contract total leaves $15,307,500 to account for. Since this amount is less than his guranteed money, this tells me that some of his base salary (perhaps his first three years) was included in the reported guaranteed money total. At this point I really have to start guessing, so let me ponder on these numbers and I'll continue.

RE: SALARY CAP THREAD

Jags02 — Mon, 01 Sep 2008 22:11:49 GMT

With cap rules changing to regular season rules, the Practice Squad now counts. I just read that Practice Squad players this year are due a minimum of $5,200 per week, although some teams are opting to pay them quite a bit more including at least one team that is paying their squad players the $295,000 rookie minimum rate for the season. The Jaguars, of course, pay the minimum. For eight players over 17 weeks at this rate, that works out to $707,200. This amount counts immediately against the cap.

RE: SALARY CAP THREAD

Jags02 — Mon, 01 Sep 2008 16:04:33 GMT

I really need to get at least a decent idea of what Harvey's cap hit is this year before moving on. To that end, PFT just published the cap status of every team on 8/25, just prior to the last round of cuts. This actually gives me a pretty good idea. The prior quote had the Jaguars at $13.56 mil under, and this new quote has the Jaguars at $13.3 mil under. As far as I'm aware of, the only signing that would have altered their cap space would have been Harvey's. There might be more to it so this isn't concrete, but offhand this suggests a cap hit of $705,000 (the difference plus $445,000, which is the cap hit of the former 51st most expensive player). We already know from a prior post in this thread that his base salary is $295,000, so this suggests that his SB hit is $410,000. But again, there may be more to is. For instance, part of that $410,000 might be a small roster bonus, and that's also simply assuming that nothing else would have changed their overall cap status.

Another way to get an idea of his cap hit is to take their rookie pool and subtract out all of the cap hits for their other draft picks along with any SB hits counting among their UDFAs. I might do this as well. For now keep your eyes open for any additional Harvey details, and be sure to post them in this thread.

RE: SALARY CAP THREAD

Jags02 — Mon, 01 Sep 2008 04:05:00 GMT

You may have notice me express some frustration over not being able to completely figure out what USA Today is doing with some of the figures they list. It's been explained to me that my confusion typically relates to their "Other Bonus" figure including incentives money. Using the explanation I've tried to figure the incentives for several players. In most cases their cap hit already included the incentive wherein I estimated the amount to be a roster bonus instead.

I'd bore you if I were to go through every change, but if you look on my spreadsheet you can see my latest estimates for the incentives on several players. In most cases I lowered their listed cap hit to reflect the difference because I count 2008 LTBE incentives seperately. Having gone through and corrected incentives amounts for several players, I'm now only showing a difference in my "Unknown Savings" column of $3.25 mil. I still show the Jaguars at $13.56 mil under, but again that's prior to the switchover to Regular Season rules, prior to the last round of cuts and the subsequent Practice Squad addition, and prior to Derrick Harvey signing. All of that is next up on my list to update, but I'm sort of hung up on not having all of the Harvey details.

RE: SALARY CAP THREAD

Jags02 — Fri, 29 Aug 2008 21:06:50 GMT

There's quite a bit I need to go over before accouting for the upcoming cutdown to the final 53. First, in this reply, I'll cover the recent roster moves. And then, when I find a little more time, I have a number of adjustments to make based on some newly received info for several players, including a better understanding of some of their incentives.

In the cutdown to 75, the Jaguars released Broussard, J. Harvey, Edwards, Smolko and Boston. The day before the cut-down, the Jaguars signed RB Ciatrick Fason and waived G Chris Liwienski. More recently they signed Derrick Harvey who carried a roster exemption up until Thursday when they activated him and placed Wrighster on their Regular Season PUP list.

As waived UDFAs, Jeron Harvey, Edwards and Boston each carry a small dead money hit. I'm estimating $2,500 each with them counting another $5,000 dead money in '09. Smolko and Liwienski likely signed with no bonus meaning no dead money hit, but Broussard left the Jaguars with a $12,462 dead money hit this year and a $24,924 dead money hit next year. None of these players were among the 51st most expensive, so these moves had no effect on the cap.

Fason, who worked out with the Jaguars early this offseason, was signed to a one-year minimum dead at the $445,000 rate and presumably no bonus. Since the 51st most expensive player also costs $445,000, the signing does not alter their cap. Wrighster will continue to count his $875,000 cap hit while on PUP.

The Jaguars remain at $13.56 mil under the cap after these moves, but now there's Derrick Harvey's signing to consider. We don't yet have all the details since the nflpa hasn't updated his base salary info, but what I need to do is figure out his cap hit for this year so I can complete my spreadsheet. His future details can wait a few days. Let's start with what we know about his signing...

5 years
$23.8 mil base contract
$33.4 mil with all incentives and escalators met
$17,177,000 guaranteed

At this point I have no clue how his guaranteed money is broken up, but I'm guessing that he's only getting the rookie minimum base salary of $295,000. I say this because last year's #8 and this year's #7 and #9 all took home the minimum rookie salary their first year. So for this year I'd need to add his signing bonus hit to that $295,000. He also might have received a small roster bonus ($100,000 range) this year to account for, and I'm starting to learn about things like one-time incentives that teams are now putting into contracts. It's an incentive that is included in each year until the player earns that incentive. Once earned in a given season, the incentive can no longer be earned preventing it from turning into a future LTBE.

RE: SALARY CAP THREAD

Jags02 — Sun, 17 Aug 2008 19:29:07 GMT

My RAW DATA on page one of this thread is now up-to-date, and more accurate than it's been in several years. I've even included the new team for every player listed that's on a new team, which you might find interesting. I'm working on my spreadsheet as I post this.

For starters I need to figure out precisely where they are under the cap. The lastest quote had them at $13.56 mil under as of August 4th. All of the roster moves since then have involved players with no bonus who are counting $445,000 or less. Since the 51st most expensive player counts $445,000, none of these moves had an effect on the cap. This means the Jaguars should still be at $13.56 mil under the cap. A month ago I was given a cap quote a tad higher than this, and Groves signed since then, so that would seem to confirm this number (remember that his cap hit would knocked off the prior 51st most expensive cap hit).

Having updated all of my player cap hits on my spreadsheet, in order to match this figure of $13.56 mil under the cap I'm now listing $4.2 mil in my "unknown savings" column. Basically this is the difference between my calculated spreadsheet result ($9.36 mil) and where the Jaguars are quoted as being under the cap ($13.56 mil).

In other words, looking at where they are under their adjusted $128.65 mil salary cap, I'm $4.2 mil off.

RE: SALARY CAP THREAD

Jags02 — Sun, 17 Aug 2008 16:37:39 GMT

As I'm putting together my books with all the updated figures, I noticed something regarding the "Beneficial Salary Program" that I keep mentioning. The deal is that if a veteran player signs for the minimum base salary along with no more than $40,000 in bonus money, that player only has to count the salary for a vet with two accrued seasons, which this year is $445,000.

Previously in this thread I mentioned that Tony Gilbert and Tuten Reyes appeared to have "Beneficial Salalry Program" contracts because they each signed with $40,000 or less in bonus money. Reyes picked up a $40,000 bonus while Gilbert signed with no bonus. Interestingly, neither qualifies because their base salary is more than the minimum...

Reyes' base salary is $731,000 whereas his minimum would have been $730,000. The difference is that the Jaguars have to account for his entire $771,000 cap hit instead of only $495,000 had they made it for $1000 less.
Gilbert's base salary is $610,000 whereas his minimum would have been $605,000. Again, the Jaguars have to account for $610,000 instead of only $455,000 because of the extra salary.

They easily could have made it an extra $1000 and a $5000 bonus instead wherein both players would still qualify, but clearly they purposely wanted to account for their entire cap hit. Maybe it was an attempt to try and spend closer to the limit back when they were so far under at the beginning of the offseason. Together, by structuring these two contracts like this the Jaguars have to account for an additional $425,000. That's money they could have added to Harvey's signing bonus.

RE: SALARY CAP THREAD

Jags02 — Sun, 17 Aug 2008 12:44:30 GMT

(note: ignore the ugly frames. I had to copy and paste from Word.)

I need to cover the most recent roster moves. I'm noticing that I haven't discussed any since they signed their fifth round picks in mid-July. At this point they had 78 players on their roster anticipating that Groves and Harvey would soon sign. Since then, the following moves have occurred...

Pete McMahon was waived a few weeks ago (7/25), and then recently re-signed (8/14). He actually joined the Patriots soon after being released, but was then released by the Patriots and claimed off waivers by the Jaguars. As far as I know he's only counting a rookie base salary of $295,000 meaning he had no dead money hit from his prior release.
Adam Bishop was waived. Like any UDFAs waived this late, I'm estimating that he's leaving a $2,500 dead money hit this year with a $5,000 dead money hit next year.
Quenton Groves signed a 4-year, $2.95 mil deal that includes minimum base salaries along with a $1,245,000 signing bonus. He probably has an escalator in his fourth year based on playing time.
Leander Jordan signed presumably as a replacement for McMahon, although he was just released to make room for McMahon to return. I figured he was signed to a Beneficial Salary Program contract wherein he counted $445,000. Most likely he signed without a bonus meaning he left behind no dead money.
Ryan Hoag signed a one-year deal for $370,000. In case you’re wondering, he is eligible for the Practice Squad.
With Harvey holding out, Mkristo Bruce was signed to his spot. Bruce signed a one-year deal at the $295,000 rookie minimum rate.
Mincey, Porter and Wrighster were placed on the PUP while Nkang and R. Williams were placed on the “active/non-football injury” list (7/26). I’m thinking both lists allow players to be placed on the PUP going into the season if they’re still not back. This does not effect the cap now, but when the season starts playing on the PUP count in addition to the 53-man roster. There’s also a notation that Reggie Williams passed his physical a few days later, but I assume he’s still on the list
Paul Smith was waived (7/31) leaving him in the same situation as Adam Bishop above.
G Chris Liwienski signed a one-year deal at his minimum base salary of $830,000. I’m assuming he received no bonus money which in turn makes this is a Beneficial Salary Program contract with him counting $445,000 while the league pays the remainder of his salary. This signing has no effect on the cap as the 51st most expensive player is currently counting as much.
FB Anthony Cotrone (knee) was placed on the waived/injured list (8-4), and was replaced by TE Isaac Smolko (8-5). Smolko had been released back in June, and he re-signed for the same $370,000 base salary.
DT Theo Horrocks (foot) was placed on the waived/injured list, and was replaced by DT Tywain Myles who signed for the rookie minimum. Tywain (ankle) ended up injuring himself in camp that same day (8/6) and was also placed on the waived/injured list. He was replaced by DT Jesse Mahelona (8/7) who carries a $445,000 minimum base salary.
DE James Wyche was placed on the waived/injured list (8/9) and was replaced by DE Bo Schobel. Schobel’s minimum salary is $605,000, but again this appears to be a BSP contract with him only counting $445,000.
Cotrone, Horrocks, T. Myles and Wyche all cleared waivers and are currently on the Jaguars IR List with their former contracts intact.
RB Lavarius Giles was waived (8-14) and replaced on the roster with DT Jonathan Lewis who was waived by the Lions in late June. I’m estimating a $5,000 dead money hit (plus $10,000 in ’09) for Giles that I added to my “small dead money hits” figure in my spreadsheet. J. Lewis was signed for the year at the $370,000 rate.

Now that I have all of these signings detailed out, I simply need to update all of my books so to speak.

RE: SALARY CAP THREAD

Jags02 — Sat, 16 Aug 2008 00:21:03 GMT

Ok, I believe I've finally figured out Reggie Nelson's cap details, which is basically my missing puzzle piece that I've needed so I can fully update all my cap info. He was reported with $7.1 or $7.2 mil in guaranteed money, and I haven't figured out how that total was reached, but I now have a good understanding of how his cap hits break down each year.

As for his bonus money, Reggie took home a $565,000 roster bonus and a $1.5 mil signing bonus as a rookie, and then a $2.77 mil option bonus this year. He also has a $50,000 workout bonus in '09 and '10, along with an escalator in '11 that if fully earned would net him an additional $3.5 mil. On top of this, it appears he had $1,875,000 in NLTBEs as a rookie, of which he earned all but $200,000. This amount would have been figured into the Jaguars cap (1,675,000 deducted) when the league adjusted the amount.

It's easiest to list each year with his cap hit and explanation...

2007 - $1,150,000 ($285,000 base + $565,000 roster + $300,000 SB hit)
2008 - $1,362,500 ($370,000 base + $300,000 old SB hit + $692,500 new SB hit) (in addition, $1,675,000 deducted from cap space for '07 NLTBEs)
2009 - $1,575,000 ($532,500 base + $992,500 SB hit + $50,000 workout)
2010 - $1,787,500 ($745,000 base + $992,500 SB hit + $50,000 workout)
2011 - $5,450,000 ($957,500 base + $992,500 SB hit + $3,500,000 escalator, assuming met)

Next up I have a slew of roster moves to cover dating back to late July, and then I'll get everything updated with a new estimate of where they are.

RE: SALARY CAP THREAD

Jags02 — Wed, 13 Aug 2008 03:50:35 GMT

I'm still a bit confused regarding Nelson's contract. His quoted cap hits just don't match up with some of the bonus money details. At present my raw data and spreadsheet are outdated. Hopefully I'll find some time this week or weekend to get them at least mostly up-to-date.

In the meantime, the latest cap quote shows the Jaguars at $13.56 mil under the cap. Weeks ago I received a similar cap quote ($13.63 mil on July 15), but I was waiting for an additional quote to confirm the number. This does.

What doesn't make sense is that they've been in this $13 mil to $14 mil range for months, and it seems they keep signing players and extending contracts without the number dropping despite handing out a hefty portion of roster bonus money. If I take their March 1 quote and subtract for signings I'd have them in the $7 to $8 mil range, so this really isn't making any sense to me. After I update my figures I'll again match the latest cap quote and will show the difference in my "unknown savings" column.

I also really don't get what Vance is thinking knowing that teams ulitmately do have to spend their cap space. Obviously he has a plan since he's not willing to spend extra cap space to give Harvey a "market-value" contract, but I'd love to know what that plan is. I imagine someone is going to get a last-second contract extension worded in a way that carries over something like $10 mil to the '09 cap.

RE: SALARY CAP THREAD

Jags02 — Tue, 12 Aug 2008 03:22:44 GMT

I have a few more details bringing me closer to being able to revise all my numbers. I still need to figure out what's going on with Reggie Nelson, and I have a little more to go on as well, but I've now pretty much nailed everyone else.

One update to make is on Chauncey Washington. I had him with a $52,000 signing bonus, but he actually took home $59,740 which slightly increases his cap hit.

Daryl Smith's last extension included just over $12 mil in bonus money, although I was listing most of this as roster bonus for '08 and '09. Instead, Daryl received a $4.5 mil signing bonus in '07 along with a $5.5 mil roster bonus. This year he took home an additional $2.03 mil roster bonus. His cap hit for the year works out as follows (excluding possible incentives)...

$605,000 base salary
$2,030,000 roster bonus
$750,000 SB hit (from '07 bonus)
$306,667 SB hit from old contract (same in '09, Deion Rule applies)
$3,391,667 TOTAL cap hit

Josh Scobee picked up $3 mil in bonus money in his last deal. I split it up as a $1.5 mil roster bonus in '07 & '08, but that's not correct. He actually took hom a $1 mil roster bonus in '07 along with a $2 mil signing bonus ($400,000 per year). Adding his SB hit to his $800,000 base salary gives Scobee a cap hit of $1,200,000.

Finally, Pashos likewise received a bigger signing bonus and smaller roster bonuses than I had been thinking. This year he picked up $2.1 mil roster bonus on top of a $6.05 mil signing bonus ($1,512,500 per year) and a $605,000 base salary giving him a $4,217,500 cap hit.

RE: SALARY CAP THREAD

Jags02 — Sat, 09 Aug 2008 17:41:48 GMT

[quote][b]jagabc6893 (8/6/2008)[/b][hr]Jags02, can you post Fred Taylor's salary break down for the rest of his contract? You may have posted it in the past, but I did not find it. Thanks.[/quote]

Sure. Taylor is one of the players that it appears I've nailed except that I'm no longer sure about what incentives he has. In the past Vic broke down all of his incentives, but that was years ago. His current contract surely involves a different set of incentives. I'm guessing that he has the possibility to earn up to $2 mil in incentives per year, and that last year he earned $800,000., which of course again counts this year as LIKELY TO BE EARNED incentives. So, aside from incentives, I'll list how his remaining cap hits work out...

2008 - $4 mil base salary + $1 mil roster bonus = $5 mil cap hit
2009 - $5 mil base salary + $1 mil roster bonus = $6 mil cap hit
2010 - $6 mil base salary + $1 mil roster bonus = $7 mil cap hit

There was no signing bonus hence no amortization in Taylor's last extension.

RE: SALARY CAP THREAD

jagabc6893 — Wed, 06 Aug 2008 23:57:52 GMT

Jags02, can you post Fred Taylor's salary break down for the rest of his contract? You may have posted it in the past, but I did not find it. Thanks.

RE: SALARY CAP THREAD

big boi — Fri, 01 Aug 2008 17:02:14 GMT

Tim Couch: dead money = $5,000 (estimate)

lol deady money 5,000 hahahah

RE: SALARY CAP THREAD

Jags02 — Mon, 28 Jul 2008 04:57:10 GMT

Having inquired about Manuwai, I've received some details that reveal my numbers to be very close except for how they structured some of his bonus money. His cap hits work out to be the same as I'm showing, but instead of giving him a $6.5 mil signing bonus they gave him a $3.5 mil signing bonus with the remaining $3 mil paid as an additional $600,000 roster bonus in each year. The primary difference is that instead of having a $1.3 mil SB hit in each year, he has a $700,000 SB hit plus a $600,000 roster bonus hit. I figure they did it like this to avoid any Deion Rule complications as well limiting their liability should they waive him early, but the resulting cap hit breakdowns as shown here are practically the same...

2007 - $1,400,000 base + $2,100,000 roster + $700,000 SB hit = $4,200,000
2008 - $1,900,000 base + $600,000 roster + $700,000 SB hit = $3,200,000
2009 through 2011 - $2,900,000 + $600,000 roster + $700,000 SB hit = $4,200,000

Likewise, I also received some details on Spicer that confirms my above estimate as correct. I still have a few more players, as mentioned above, to go over before I can re-figure my overall cap numbers.

Meanwhile, a few roster moves were made the day before training camp began including Grove's signing. I'll discuss all of these moves soon, although I may have to wait a couple days on a few of the veteran signings as their base salary details aren't yet posted at nflpa.

RE: SALARY CAP THREAD

Jags02 — Thu, 24 Jul 2008 03:59:20 GMT

I'm getting closer to completing this task of going through all my cap details by comparing their cap hits to what's listed at the SI site linked above, and then adjusting my details when needed by also utilizing the USA Today database for help. Skipping ahead of the tough ones, I've adjusted several easy cap hits mostly including draft picks where I was only off by a couple thou on average. Others adjusted are...

I was estimating a $1 mil signing bonus on Dennis Norman's 4-year deal that he signed back in '06, but it turns out he only received $750,000. As a result his cap hit dropped from $1,100,000 to $1,037,500.
For Mo Williams I only knew about him getting a $3 mil roster bonus on top of his $1 mil salary, but he's listed with a $4.3 mil cap hit. Reports listed him with $4 mil "guaranteed," so I figured they must have guaranteed his salary this year since I had been informed that he had no additional signing bonus. But this extra $300,000 in his cap hit now makes me think he had a $1.2 mil signing bonus (instead of guaranteeing his first year salary) in addition to his $3 mil roster bonus, and that they said "$4 mil" because they simply rounded down from $4.2 mil.
I've verified that Reggie Williams' base salary increased from $605,000 to $810,000. This must have been from an escalator in his rookie contract, and it increases his cap hit from $1,632,000 to $1,837,000.
George Wrighster appears to have a $50,000 workout bonus in each year of his contract that I didn't know about, which is the only charge still being tacked onto his base salaries.
I was estimating that Joey Zelenka picked up a $200,000 signign bonus on his 2-year extension which expires after this season, but it now appears that he received only salary with no bonus. That said, I was mistakenly listing his salary at $670,000 while its actually $730,000.

To conclude this excersize I still need to figure out, or at least better estimate, the details for Reggie Nelson, Tony Pashos, Josh Scobee and Daryl Smith. Everyone else is either nailed or at least appears to be very close aside from incentives which are typically impossible to know. Once I complete their details as best I can, I plan to re-figure my entire spreadsheet. From their I'll do what I can to estimate where they are under the cap.

RE: SALARY CAP THREAD

Jags02 — Tue, 22 Jul 2008 02:49:35 GMT

I need to quickly point out Trae Williams contract numbers. He received the same minimum base salaries over the next four years as the other two draft picks, although his signing bonus was $167,704. That gives him a cap hit this year of $336,926.

I've also been told that after this signing, the Jaguars are at $13.631 mil under the cap. Subtracting for Trae's SB hit brings my spreadsheet to $10.97 mil under. I reached this number after having adjusted my spreadsheet to match a May 31st cap quote that listed the Jaguars at $13.26 mil under. Given the extensions and signings since, it doesn't makes sense that they should have more cap room, but I'll reconsider where they're at after I conclude my project of going through all the player cap hits. There may even be a new cap quote out by then that makes more sense.

Of note, had I not adjusted my numbers for the May 31st quote, my spreadsheet would be showing them around $7.5 mil under. I really don't get how they're doing so much signing without their cap figure dropping at all, and it's even more bizarre when you figure in that they seem to be paying out mostly roster bonus in lieu of signing bonus. Keep your eyes open for any new cap quotes for all the teams. The bottom line is that they're somewhere between $7 and $14 mil under.

RE: SALARY CAP THREAD

Jags02 — Tue, 22 Jul 2008 02:31:46 GMT

As I continue, I have to keep telling myself that the USA Today Salary Database is chalked full of errors. With that understanding, along with creative guessing as to just how they're screwing it up, I'm able to arrive at reasonable cap numbers for players.

Manuwai agreed to terms on his extension with the Jaguars back on December 24th, 2006. He signed the contract two days later. USA Today had him as having part of his extension's cap hit included in that year with cap hits suggesting his cap hits were spread out through 2010. But that just doesn't make sense. First of all, his cap hits would have to be spread out through 2011, and second, you have to sign before a deadline in November for a cap hit to count that year. By applying his first cap hit on the extension to 2007 instead of 2006, all the numbers appear to fall into place.

His five-year extension was reportedly worth $20 mil. Subtracting his base salaries from '07 through '11 leaves $8 mil to account for. His $3.2 mil cap hit this year only makes sense if he picked up a $6.5 mil signing bonus. To account for the difference I figure he also picked up a $1.5 mil roster bonus in '07. These numbers don't jive all that well with USA Today except that I do end up with the same cap hit for 2007 that they're showing. Using this assumption, Vince's cap hits work out as follows...

2006 - $721,600 base salary
2007 - $1,400,000 base salary + $1,300,000 SB hit + $1,500,000 roster = $4,200,000 cap hit
2008 - $1,900,000 base salary + $1,300,000 SB hit = $3,200,000
2009 through 2011 - $2.9 mil base + $1.3 mil SB hit = $4,200,000

Now that's at least making some sense.

Rob Meier's new deal has me scratching my head. I was given bonus numbers for him, but the resulting cap hit is different than what's being reported at the SI site. These numbers came out right around the same time Meier signed his deal so it's hard to know for sure that they're his post-extension cap hit. Since the info I received appears solid, I'm going to keep what I have already, but I will make a notation that his cap hit was reported as being about $1 mil less than I'm showing.

Looking at Reggie Nelson's numbers, I'm more confused than ever. In lieu of driving myself crazy, I again need to stop and pick this up later.

RE: SALARY CAP THREAD

Jags02 — Thu, 17 Jul 2008 19:10:12 GMT

continuing...

Marcedes Lewis' contract structure was clearly a bit different than I was assuming. I had him with slightly more bonus money overall, but the main difference was that he appears to have received a large year-two signing bonus in lieu of moderate signing bonuses in years one and two. To best match all of the results I'm looking at, I'm also now estimating that he has a $25,000 workout bonus in '08 through '10. On top of his salary (which was apparently guaranteed for his first two years in lieu of the workout bonus) and possible workout bonus, Lewis took home a $715,000 roster bonus as a rookie, and that was it. In year two it appears he took home a $3.51 mil signing bonus. His cap hits work out as follows...

2006 - $275,000 salary + $715,000 roster = $990,000
2007 - $360,000 salary + $877,500 SB hit = $1,237,500
2008 - $582,500 salary + $877,500 SB hit + $25,000 workout = $1,485,000
2009 - $830,000 salary + same as above = $1,732,500
2010 - $1,077,500 salary (plus possible escalator) + same as above = $1,980,000

Vince Manuwai's numbers were way off, although his was a tough one as he signed a rather big contract with very few details reported. At any rate, I've spent the better part of an hour looking at his details and can't quite figure out what's going on. So I'm stopping for now and will resume research later on.

RE: SALARY CAP THREAD

Jags02 — Sun, 13 Jul 2008 00:16:34 GMT

As I alter my records, I'll explain here...

Angulo signed a three-year contract wherein I assumed he landed a minimal $30,000 signing bonus as a RFA. However, his cap hit is listed at $700,000 instead of $530,000, which now has me thinking he picked up a $180,000 roster bonus instead.
In several cases, past draft pick signings were estimated with their cap hits ending up being off by a few hundred dollars on average. I've adjusted these to their precise amounts, but I don't see the need to list all of these very minor adjusments.
Justin Durant reportedly received $1.72 mil in "guaranteed money." I had it split up as a $1.22 mil rookie signing bonus plus a $500,000 sophomore roster bonus. However, after comparing his listed cap hit with USA Today's salary database info, it appears that his bonus was actually split up as a $1.302 mil rookie signing bonus and a $418,000 rookie roster bonus. As a result, I changed his cap hit in my records from $1,175,000 to $695,500.
I estimated that Gilbert signed on with a $50,000 bonus and a $660,000 cap hit, but it appears he signed without any bonus. This in turn should qualify him for the Beneficial Salary Program wherein he's really only costing $445,000
John Henderson's numbers are off a tad. I had him landing a $7.6 mil signing bonus in '06, but it turns out it was a $6.45 mil signing bonus giving him yearly SB hits of $1.29 mil through 2010 (he won't have a SB hit in 2011). He also picked up at least $6 mil in roster bonus money the past two years. This year his cap hit equals his $1.4 mil base salary plus his $1.29 mil SB hit along with another $200,000 that I figure is probably another roster bonus paid this year. John's reported contract total exceeds what I'm listing for him, so it makes sense that there might be hidden roster bonus money in each year. Overall his cap hit changed slightly from $2.92 mil to $2.89 mil, but his remaining amortization dropped from $4.56 mil to $3.87 mil. His big base salaries start to kick in next year.
Maurice Jones-Drew's contract called for the same amount of bonus money that I'm estimating, but the structure is way different. I estimated an $800,000 rookie signins bonus plus a $360,000 sophomore option bonus. Instead I'm now thinking he took home a $400,000 rookie signing bonus along with a $125,000 rookie roster bonus, and then a $420,000 sophomore option bonus and a $230,000 sophomore roster bonus. Here's how his cap hits work out over the length of his contract...

2006 - $100,000 SB hit + $125,000 roster + $275,000 salary = $500,000
2007 - $240,000 SB hit + $230,000 roster + $360,000 salary = $840,000
2008 - $240,000 SB hit + $445,000 salary = $685,000
2009 - $240,000 SB hiy + $530,000 salary = $770,000

This is going to be a long process, and I'll have to stop here for now.

RE: SALARY CAP THREAD

Jags02 — Sat, 12 Jul 2008 19:43:56 GMT

I'm starting to look into the descepencies in my estimated cap hits as compared to the site mentioned in the prior post, but this appears to be a project that may take a couple weeks. In the meantime let me touch on their recent signing of 5th round pick Thomas Williams.

Per the T-U, Williams signed a typical 4-year contract identical to Chauncey's (detailed above) except that his signing bonus is $174,500. This is on top of minimum salaries for the first four years, and there may or may not be an escalator in the fourth year. His cap hit this year works out to $338.625 ($295,000 base salary plus $43,625 SB hit). Subtracting his SB hit from the total brings the Jaguars overall estimate to $11.02 mil under the cap.

RE: SALARY CAP THREAD

Jags02 — Wed, 09 Jul 2008 10:33:26 GMT

[quote][b]Bjagfan (7/9/2008)[/b][hr]Hey 02,

Just wondering if you had seen this...
http://sportsillustrated.cnn.com/football/nfl/salaries/2008/all.html

I'm completely unsure of where all those numbers are coming from, but that guy is doing some speculation about a 53 man roster in the uncapped 2010 season using alleged 2008 numbers... http://sportsillustrated.cnn.com/2008/writers/michael_lombardi/06/25/roster.explanation/index.html
Interesting, but are those figures valid or just more speculation?[/quote]

I recently noticed the site, and from talking with other fan capologists the list appears to be very accurate with few exceptions where contracts have changed. I'll have to find some time to go over the Jaguars numbers in details. This is a great find that should enable me to nail most of the numbers.

Just keep in mind that the site is only good for knowing the overall 2008 cap hits for players. Their "challenge" is as worthless as worthless gets because it overlooks so many factors. Cap hits are about contract structure and have little to do with the actual value of players.

RE: SALARY CAP THREAD

Bjagfan — Wed, 09 Jul 2008 00:40:12 GMT

Hey 02,

RE: SALARY CAP THREAD

Jags02 — Fri, 04 Jul 2008 19:45:30 GMT

Over the past two weeks the Jaguars signed their first draft pick, Chauncey Washington, and extended Spicer's contract for two additional years.

The initial report in the T-U on Chauncey's signing was quite wierd. It showed Washington earning the normal rookie base salary, but then had his salary increasing per year by a mere $15,000 after that. It's possible that's how his salaries are stated in his contract in the event the current salary cap rules go away, but I've never seen that before. Under normal rules he's due to make the league minimum per year based on how many years he accrues. As long as he's on the roster in some capacity (including IR) for at least six games each year, his minimum is actually scheduled to be...

2008 - $295,000
2009 - $385,000
2010 - $470,000
2011 - $555,000

Aside from Harvey, all of the rookies should end up with these same base salaries. Reportedly Washington also took home a signing bonus "in the $50,000 range." I'll should be able to practically nail the precise amount after most of the seventh rounders have signed, but for now I'll estimate that he took home $52,000, which divides easily into $13,000 per year. This estimate gives him a rookie cap hit of $308,000. Of course this cap hit is not among the 51 most expensive which in turn means that only his $13,000 SB hit is counting in the offseason books. Also, four-year rookie contracts like this often include an escalator in the fourth year, but I'm guessing his contract doesn't with him being a 7th round pick.

Spicer's extension is reportedly worth $10.5 over the next three years, including this year. Since he had been set to make $2.5 mil this year, this means he's taking home $8 mil in additional money to account for the additional two years. His new base salaries are now spelled out as follows...

2008 - $1 mil
2009 - $2.5 mil
2010 - $2 mil

These salary figures add up to $6 mil, which leaves another $4.5 mil to account for. It's possible they gave him this much as a roster bonus this year like they have with other contracts, but that sounds like a bit much. Rather, I'll assume the $1.5 mil they took off his base salary this year was converted to a signing bonus, and then he the remaining $3 mil was roster bonus paid this year. As I learn the actual details I'll of course adjust everything.

Using these assumptions, this is how Spicer's cap hits work out...

2008 - $4.5 mil
2009 - $3 mil
2010 - $2.5 mil

If accurate, this is what you call a "front-loaded" contract. It also again fits the theme that they're keeping their spending for the 2010 season to an absolute minimum. Also, Spicer's last contract had a few incentives in it. While none were reported in this extension, it's possible that more incentives were added. Often incentives are included but not reported, although I'm not including any in my estimates.

With these two moves accounted for on my spreadsheet, I'm now showing the Jaguars at $11.07 mil under the cap.

RE: SALARY CAP THREAD

Jags02 — Sat, 21 Jun 2008 19:32:46 GMT

RB D.D. Terry was waived when RB Lavernus Giles signed. Ciatrick Fason and Giles were brought into the minicamp to workout with the team, and they made this move soon after. Terry's release left a minimal amount of dead money in the books (estimating $5,000 that's being accounted for in the "small dead money hits" total) this year.

Giles signed a 3-year minimum salaried contract as a "1st-year" player (base salaries are $295,000, $385,000 and $470,000). Since the Jaguars have been handing out primarily roster bonuses as opposed to signing bonuses, I'll guess that Giles took home a $50,000 roster bonus giving him a 3-year, $1.2 mil contract. His estimated cap hit this year is $345,000.

Most recently, the Jaguars waived Brian Smith, Craphonso Thorpe (claimed off waivers by Giants), Isaac Smolko, Brett Goode and Ryan Gibbons...

Smith left the Jaguars with $339,000 in remaining amortization. He'll count $113,000 dead money this year, and then $226,000 in dead money next year.
Thorpe, Smolko, Goode and Gibbons each left a minimal dead money hit that I'm accounting for in the small dead money hits total.

With these moves accounted for after having adjusted my spreadsheet to agree with the latest quote (by listing $3.5 mil in "unknown savings"), I'm now showing the Jaguars at $13.08 mil under the cap.

RE: SALARY CAP THREAD

Jags02 — Sat, 21 Jun 2008 18:26:54 GMT

It's time for a long overdue update.

I have some contract details for McDaniel and Meier, the last two signings made prior to that most recent cap quote coming out. I also info on Collier.

I nearly nailed McDaniel's bonus. I was estimating a $750,000 roster bonus for him, but instead he only took home $700,000. Subtracting $50,000 from his cap hit leaves him at $1,147,250 (includes an estimated $2,500 SB hit from his rookie contract).

That said, I was way off on Collier. I estimated that he took home a $450,000 signing bonus, but he actually took home a $1.5 mil roster bonus giving him an overall cap hit of $1,945,000. It's possibly telling that both former UDFAs signed on through the 2010 season, and for the same overall contract total, but Collier was guaranteed twice as much up front. In McDaniel's contract, the difference was tacked onto his base salaries for '09 and '10 (mostly '10).

Meier took home a $2.3 mil roster bonus this year, and he's set to take home another $2.5 mil roster bonus next year. I had him listed with $5.25 mil in total bonus money ($3 mil roster this year, $1 mil roster next year, plus a $1.25 mil signing bonus this year), which I arrived at by taking his reported contract total of "roughly $15 mil," and subtracting his $9.75 mil in base salaries. When I take add his $4.8 mil in roster bonus money to his base salaries I'm only at $14.55 mil, but I figure that's close enough to "roughly $15 mil." So for Meier I'm now showing his cap hits at...

2008 - $3,660,000
2009 - $4,000,000
2010 - $2,250,000
2011 - $2,500,000
2012 - $2,500,000

I find it interesting how they're utilizing roster bonus money for this year and next year in leau of signing bonus money that would stretch out into the currently uncapped years.

When I tack on all of the above details to my spreadsheet, it takes my the spreadsheet total down to $9.53 mil under. At this point I should have been at $13.23 mil under per the lastest cap quote, so like always I'll account for this difference by adjusting my "unknown savings" column. We may eventually learn that the quote was in error and that I simply need to remove this amount, but for now I need to stick with the latest cap quote.

In my next reply I'll go over the more recent roster moves in order to get caught up to date. These include adding Lavarius Giles while waiving six others.

RE: SALARY CAP THREAD

Jags02 — Wed, 11 Jun 2008 02:06:00 GMT

I need to re-do my estimates for Meier and McDaniel in order to match my spreadsheet total to the recent cap quote for the Jaguars. My spreadsheet is showing them at $9.88 mil under, but I need it to show $13.25 mil under. That's a difference of $3.37 mil.

Having looked over the details for these two players, the leap appears to be too great. I plan to have more details in the coming weeks regarding the contracts for both DTs, so for now I'm going to leave my books alone. I'll adjust my books in due time, but for now go buy what I'm telling you in this thread instead of my spreadsheet.

RE: SALARY CAP THREAD

Jags02 — Tue, 10 Jun 2008 20:49:07 GMT

I still have to find time to go back over my last few contract estimates in order to edit my spreadsheet to reflect where they're at, but for right now I need to include Craphonso Thorpe's contract. Thorpe signed a one-year deal with a $370,000 base salary. I'm estimating that he took home a $5,000 bonus on top of that. Should he make the roster, he'll be a 2009 RFA. Should he fail to make the roster, Thorpe is still eligible for the Practice Squad.

Overall the Jaguars are still about $13.23 mil under the cap (includes minicamp workouts).

RE: SALARY CAP THREAD

Jags02 — Mon, 09 Jun 2008 19:09:26 GMT

[quote][b]ray3 (6/9/2008)[/b][hr]Hey 02,

It seems like the Jaguars have kept guys on injured reserve who were in the last year of their contract without resigning them. Is there some rule about this, because it seems like there is otherwise no reason to keep them on the roster. Do you know where I can find out more about this? [/quote]

If they were a vested vet who was on the roster week 1 then their base salary would have been guaranteed anyways. In that case maybe they'd keep them on IR just to avoid a potential injury settlement.

RE: SALARY CAP THREAD

ray3 — Mon, 09 Jun 2008 17:07:52 GMT

Hey 02,