I recommend this to everyone out there who is interested in the salary cap, and how it works. Here is the link to the article:
Video Presentation: Caponomics 101- Salary Cap Basics | June 1, 2013
Here is the direct link to the video presentation itself on YouTube:
Caponomics 101 video
Jason does a great job. He puts a lot of hard work into his website with quality articles, numbers, podcasts, and videos. The quality of his work shows, so it's definitely worth a look. Try and watch at least part of it some time today, and save the rest for later if you're busy.
Saturday, June 1, 2013
The Giants' official cap number as of today is listed as being $3,312,016
This figure of $3,312,016 listed above is the official figure listed by the NFLPA. The previous official number that I had listed here just 3 days ago (see the link here for that post) had the Giants' cap number listed as being $3,312,849. That's a difference of $833. I'm not sure how to account for this difference other than it possibly being the result of recently signed UDFA Chase Clements' prorated signing bonus, but that doesn't make sense since his cap number isn't in the teams' top 51 list of cap numbers. I'll try and see where this discrepancy came about later. In the the meantime, proceed to the neat information below:
I calculated the Giants latest cap number to be $3,413,898. Compared to this official figure, I'm $101,882 off on the plus side (which is better than being on the short side). Like before, I figure that my overestimate is either the result of one of these two reasons, or possibly both:
The link below will provide the salary cap figures for all 32 teams in the NFL. Here is the link:
Top 51 League Cap Report
The figures will change in a couple of days when the cap credits for the post June 1st cuts kick in, which will be especially welcome for teams like the Raiders, Steelers, & Redskins off the top of my head. Here is a screen shot of the link pasted above:
*****
I calculated the Giants latest cap number to be $3,413,898. Compared to this official figure, I'm $101,882 off on the plus side (which is better than being on the short side). Like before, I figure that my overestimate is either the result of one of these two reasons, or possibly both:
1.) Prior year salary cap adjustments specific to the Giants' roster that I haven't yet calculated into the equation. For what it's worth, spotrac.com has that figure listed as $91,284 at the bottom of their page if you scroll down.
- LTBE (Likely to be Earned) incentives from last season that were missed and reported as bonus money in this year's cap are part of the Cap adjustment equation, as may be NLTBE (Not Likely to be Earned) incentives. Since my estimate is on the plus side, my miscalculation is more likely to fall into the LTBE incentives category.
2.) A miscalculation in Dead Money. I tried to compensate for that possible error by adjusting the figures that I had before by making a change in Greg Jones's leftover dead money figure, and increasing it from the figure that I had listed before.
The link below will provide the salary cap figures for all 32 teams in the NFL. Here is the link:
Top 51 League Cap Report
The figures will change in a couple of days when the cap credits for the post June 1st cuts kick in, which will be especially welcome for teams like the Raiders, Steelers, & Redskins off the top of my head. Here is a screen shot of the link pasted above:
Official cap updates for Kyle Bosworth & Chase Clement
Looking through the NFLPA records this morning I noticed that Kyle Bosworth's salary was listed as $555,000. This figure was also the same at overthecap.com with respect to the Giants' entire roster.
Bosworth received no bonus money, therefore his cap number is the same as his salary listed above ($555,000). This must mean that he has 2 accrued years, and not 3 as I was speculating on a previous post (click HERE for it). This means that he doesn't count against the Giants' salary cap since his cap number doesn't fall into the teams top 51. If the Giants were to cut him, there would be no leftover dead money on the Giants' salary cap. Check out his contract information below; it's pretty straightforward:
Source: Kyle Bosworth's contractual information for the Giants from overthecap.com
My projection for Undrafted Rookie Free Agent signee Chase Clement, the blocking TE out of LSU, was slightly off because he received some bonus money in addition to his paragraph 5 base salary. His salary was listed as being $405,000 when I looked it up on the NFLPA website. It didn't reveal his $2,5000 signing bonus though. Clement's salary for 2013 is $407,500. His cap number for the 2013 season is $405,833. I found that out via overthecap.com when I checked there earlier today. Here is the information below:
Source: Chase Clement's contractual information from overthecap.com
Undrafted Rookie Free Agents don't (UDFAs) don't always receive signing bonuses. The only other UDFA that the Giants signed after the draft so far this year besides Clement that received a signing bonus was WR Marcus Davis out of Virginia Tech, and they cut him already. Davis received a $15,000 signing bonus when the Giants signed him right after the completion of the 7th round of this years' Draft. 2 weeks later though the Giants cut him because of the play of WR Jeremy Horne. The Jets then proceeded to scoop him up right afterward.
Davis's signing bonus was six times bigger than Clement's. If the Giants don't see the kind of play from Clement that they like, then they'll cut him too, but that probably won't be until training camp since the Giants decided to be patient with him and sign him after he initially failed his physical before coming in for rookie camp between May 11th and May 13th. Clement's dead money for 2013, should he be released would be $2,500. They absorbed Davis's $15,000 dead money figure right only 2 weeks after giving him that large signing bonus.
There are 5 UDFAs on the Giants' roster at this time. They are as follows:
They've cut 5 others so far this off-season since the time after rookie camp between May 11th and May 13th as well. Running Back Jeremy Wright out of Louisville was the latest UDFA who was released. The Giants released him yesterday, a per this tweet by Ralph Vacchiano (Wright still appears though on the Giants' official 90-man roster listed at Giants.com as of today, so it may not be official yet). Here are the 5 who they've released so far:
Clement is the only UDFA currently on the Giants' roster to receive a signing bonus. This apparently is a boost to his chances to make to team (including the Practice Squad), but not by much. Look at what the Giants did with Davis. They gave him a $15,000 signing bonus, and the *POOF* he was gone after getting outplayed by journeyman veteran receiver Jeremy Horne.
The Giants currently have 89 players on their 90-man roster (reports surfaced that they released UDFA RB Jeremy Wright yesterday). It'll be interesting to see what moves they make next, besides signing their two remaining unsigned draft picks--first round pick Justin Pugh, and fourth round pick Ryan Nassib.
Bosworth received no bonus money, therefore his cap number is the same as his salary listed above ($555,000). This must mean that he has 2 accrued years, and not 3 as I was speculating on a previous post (click HERE for it). This means that he doesn't count against the Giants' salary cap since his cap number doesn't fall into the teams top 51. If the Giants were to cut him, there would be no leftover dead money on the Giants' salary cap. Check out his contract information below; it's pretty straightforward:
Source: Kyle Bosworth's contractual information for the Giants from overthecap.com
My projection for Undrafted Rookie Free Agent signee Chase Clement, the blocking TE out of LSU, was slightly off because he received some bonus money in addition to his paragraph 5 base salary. His salary was listed as being $405,000 when I looked it up on the NFLPA website. It didn't reveal his $2,5000 signing bonus though. Clement's salary for 2013 is $407,500. His cap number for the 2013 season is $405,833. I found that out via overthecap.com when I checked there earlier today. Here is the information below:
Source: Chase Clement's contractual information from overthecap.com
Undrafted Rookie Free Agents don't (UDFAs) don't always receive signing bonuses. The only other UDFA that the Giants signed after the draft so far this year besides Clement that received a signing bonus was WR Marcus Davis out of Virginia Tech, and they cut him already. Davis received a $15,000 signing bonus when the Giants signed him right after the completion of the 7th round of this years' Draft. 2 weeks later though the Giants cut him because of the play of WR Jeremy Horne. The Jets then proceeded to scoop him up right afterward.
Davis's signing bonus was six times bigger than Clement's. If the Giants don't see the kind of play from Clement that they like, then they'll cut him too, but that probably won't be until training camp since the Giants decided to be patient with him and sign him after he initially failed his physical before coming in for rookie camp between May 11th and May 13th. Clement's dead money for 2013, should he be released would be $2,500. They absorbed Davis's $15,000 dead money figure right only 2 weeks after giving him that large signing bonus.
There are 5 UDFAs on the Giants' roster at this time. They are as follows:
They've cut 5 others so far this off-season since the time after rookie camp between May 11th and May 13th as well. Running Back Jeremy Wright out of Louisville was the latest UDFA who was released. The Giants released him yesterday, a per this tweet by Ralph Vacchiano (Wright still appears though on the Giants' official 90-man roster listed at Giants.com as of today, so it may not be official yet). Here are the 5 who they've released so far:
Clement is the only UDFA currently on the Giants' roster to receive a signing bonus. This apparently is a boost to his chances to make to team (including the Practice Squad), but not by much. Look at what the Giants did with Davis. They gave him a $15,000 signing bonus, and the *POOF* he was gone after getting outplayed by journeyman veteran receiver Jeremy Horne.
The Giants currently have 89 players on their 90-man roster (reports surfaced that they released UDFA RB Jeremy Wright yesterday). It'll be interesting to see what moves they make next, besides signing their two remaining unsigned draft picks--first round pick Justin Pugh, and fourth round pick Ryan Nassib.
Check out this article by Joel Corry on the significance of June 1st on the NFL calendar
I highly recommend that cap aficionados and casual fans alike give this article a read. It's titled "The declining significance of June 1st" - June 1, 2013 - from the nationalfootballpost.com
Thursday, May 30, 2013
Dead money adjustment made to my old figure
I made an adjustment to the dead money figures that I previously had for the Giants. I changed Greg Jones's dead money charge from $51,894 to $100,132. That's a difference on the plus side of $48,238. I was off in my latest calculations by $148,491 from the official overall team cap numbers, as per this previous post (http://optimus2g.blogspot.com/2013/05/here-are-official-cap-numbers-for-teams.html). I'm hoping that these adjustments somehow help in allowing me to clean up my estimates from before after finding out what the actual figures are for all 32 teams.
*****
The dead money figure that I had immediately prior to this was $6,819,527. That's a difference of $48,238. I'll incorporate this new figure of $6,867,765 into my future calculations, unless I'm made aware of more accurate figures.
I usually get my dead money estimate figures from the Giants' list of cap numbers for their players from overthecap.com (HERE).
The only other figures besides Jones's that I adjusted was Osi Umenyiora's. I changed Umenyiora's dead money charge from $932,555 to $1,000,000. That's a difference on the plus side of $67,445. I recall Osi's dead money figure to be a cool million dollars from memory when it initially happened, and it was confirmed by spotrac.com, as per the screen capture and link below, which is why I'm using their figure for Greg jones as well to help me in my misestimate:
Spotrac.com's dead money total is $6,786,306 whereas the figure for the Giants' dead money total at overthecap.com is $6,752,082.
*****
Here are my adjusted figures now listed below with my new dead money total of $6,867,765:
The dead money figure that I had immediately prior to this was $6,819,527. That's a difference of $48,238. I'll incorporate this new figure of $6,867,765 into my future calculations, unless I'm made aware of more accurate figures.
Practice Squad Salary correction
I mistakenly wrote on a previous post that the minimum weekly practice squad salary was $5,700 for the 2013 season. That figure is incorrect. The correct number is $6,000. Here is the source information, as per the primary source itself--Article 33 Practice Squads, Section 3 Salary:
*NOTE: Here is a link to the CBA itself in case anyone is interested
The amount spent on the practice squad is $816,000 ($6,000 per week x 17 weeks x 8 players). While this doesn't count on the cap now, it will once the Top 51 rule ceases at midnight New York time on September 5th. Incidentally, teams can actually spend more than the amount of $816,000 listed here if they choose to do so. I mistakenly calculated this amount to be $775,200 because I had the 2013 weekly practice squad salary pegged as $5,700.
*NOTE: Here is a link to the CBA itself in case anyone is interested
The amount spent on the practice squad is $816,000 ($6,000 per week x 17 weeks x 8 players). While this doesn't count on the cap now, it will once the Top 51 rule ceases at midnight New York time on September 5th. Incidentally, teams can actually spend more than the amount of $816,000 listed here if they choose to do so. I mistakenly calculated this amount to be $775,200 because I had the 2013 weekly practice squad salary pegged as $5,700.
The Giants added two players to their 90-man roster yesterday
They signed Undrafted Rookie Free Agent (UDFA) Chase Clement, a TE out of LSU. He was rumored to be signing with the Giants the night of the final day of the draft, but he didn't. Instead he failed the physical that he took with the Giants one day prior to the beginning of their 3-day rookie camp, which took place between May 11th an May 13th. His cap number and salary will be the absolute minimum for players in the NFL: $405,000.
The other player that they signed was 26-year old veteran LB Kyle Bosworth, acquired by the Jacksonville Jaguars in 2010 as an UDFA out of UCLA (read more about him HERE from pro-football-reference.com). He is the nephew of 1980s draft bust Brian Bosworth, a.k.a. "The Boz". Kyle played with Jacksonville last year. Reagan babies like myself remember his uncle getting run right past by Bo Jackson on Monday Night Football.
He has either 2 accrued years or 3 (I'm not sure which because of his status on IR in 2010). If he has only 2 accrued seasons, then he'd have a cap hit of $555,000. If he has 3 accrued seasons, then his cap hit would be $630,000. My guess is he has 3 accrued seasons. If that is the case, then he would count against the Giants' salary cap since his cap number would fall into their top 51 list of cap numbers, whereas the cap hits of $555,000 and Clement's $405,000 cap number wouldn't.
Check out an article on the signing of these two players below by Dave Hutchinson from the Newark Star Ledger:
Bosworth is a guy who hasn't made his bones as a starter in this NFL. His calling card is his Special Teams play, as per this article by Ed Valentine from BigBlueView.com:
This is worth keeping an eye on simply because a player's ability on Special Teams vs that of a player without much to offer on Specials (like the recently re-signed Ramses Barden) may very well be the difference between making the final 53-man roster, and getting cut.
To make room for these two players, the Giants cut UDFAs Morgan Newton (signed about 2 weeks ago) and John Stevenson. Newton was a college QB out of Kentucky who was going to play TE on the pro level. It makes sense that the Giants would prefer an actual blocking TE with collegiate experience in Clement over Newton. Stevenson was a college LB out of Georgia Southern who was going to play S on the pro level, a position that the team is well stocked in. The Giants could have simply used more numbers at the LB position.
The other player that they signed was 26-year old veteran LB Kyle Bosworth, acquired by the Jacksonville Jaguars in 2010 as an UDFA out of UCLA (read more about him HERE from pro-football-reference.com). He is the nephew of 1980s draft bust Brian Bosworth, a.k.a. "The Boz". Kyle played with Jacksonville last year. Reagan babies like myself remember his uncle getting run right past by Bo Jackson on Monday Night Football.
He has either 2 accrued years or 3 (I'm not sure which because of his status on IR in 2010). If he has only 2 accrued seasons, then he'd have a cap hit of $555,000. If he has 3 accrued seasons, then his cap hit would be $630,000. My guess is he has 3 accrued seasons. If that is the case, then he would count against the Giants' salary cap since his cap number would fall into their top 51 list of cap numbers, whereas the cap hits of $555,000 and Clement's $405,000 cap number wouldn't.
Check out an article on the signing of these two players below by Dave Hutchinson from the Newark Star Ledger:
*****
Bosworth is a guy who hasn't made his bones as a starter in this NFL. His calling card is his Special Teams play, as per this article by Ed Valentine from BigBlueView.com:
This is worth keeping an eye on simply because a player's ability on Special Teams vs that of a player without much to offer on Specials (like the recently re-signed Ramses Barden) may very well be the difference between making the final 53-man roster, and getting cut.
To make room for these two players, the Giants cut UDFAs Morgan Newton (signed about 2 weeks ago) and John Stevenson. Newton was a college QB out of Kentucky who was going to play TE on the pro level. It makes sense that the Giants would prefer an actual blocking TE with collegiate experience in Clement over Newton. Stevenson was a college LB out of Georgia Southern who was going to play S on the pro level, a position that the team is well stocked in. The Giants could have simply used more numbers at the LB position.
Subscribe to:
Comments (Atom)