Denver Broncos Won't Count "Dead Money" Towards 2011 Salary Cap Figure
by Jeremy Bolander on Jul 26, 2011 12:29 PM MDT
in Denver Broncos Roster Moves
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Article 11 of the new CBA contains the rules that will allow the league to transition into the new league year, and buried among the many items within it is the following subsection:
Section 5. Salaries and Salary Cap Accounting:
....(b) Proration From Preexisting Contracts. ....(i) No signing bonus proration to the League Years of this Agreement shall apply for any Preexisting Contract that was terminated, traded or assigned via waivers prior to March 11, 2011....
What this means for Denver is that the proration cap penalty of Jamal Williams, Justin Bannan, and Daniel Graham, who were all cut on March 3rd will not apply.
This frees up $11.676million to be used immediately in free agency, though the approximate cap hit of $900,000 for Correll Buckhalter will still apply (total cap savings of $1.45mil from cutting Buck)
The salary cap breakdown for the Broncos continues after the jump...
Denver's current position against the cap (top 51 salaries) is approximately $100.55mil against a total cap of $120mil. However, we still need to sign our rookies, at an estimated $5.024mil. That will supplant the bottom salaries of the 51, which offset it by about $3.6mil total , so we can expect that signing our rookies will put us at about $101.974 against the cap.
Additionally, Prater and Woodyard are officially signed to their tenders, which are 2nd round tenders and will be treated as $1.835mil qualifying offers until they renegotiate contract extensions. That $3.67mil total will be offset by approx. $900,000 in bottom end contracts, for a total against-the-cap adjustment of $2.77 mil. Total Salary cap number at this juncture is approximately $104.744mil.
The following items can be accounted at this point as well:
- $3mil cap credit for 3 players making a minimum of $1mil over the minimum wage and having at least 5 years of accrued service. The player must remain on a roster designation (PUP counts) and the team will get docked a weekly prorated amount from the credit for every week the player is not on the roster. In short, whomever gets the credit, don't cut them. This credit will get prorated on the team's terms over the course of the 2014-2017 league years.
- $3.76mil performance contract adjustment for Brian Dawkins. This isn't etched in stone, but it would be very surprising if it didn't go through.
So until further notice, the Broncos are sitting at $97.984mil against a $120.375mil cap. That equals $22.931mil in room to spend in free agency, along with a 2011 requirement to spend 99% cash towards the cap, or a current minimum of $21.216mil. Still to come are decisions on Kyle Orton ($8.87mil) and several other vets. Stay tuned to MHR for the latest.
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Great news...
thanks
the internet? that thing is still around?
~Homer Simpson
by ktown on Jul 26, 2011 12:31 PM MDT reply actions 1 recs
Will it count towards the 2012 cap?
Should we have cut Buckhalter before the lockout?
"Well at least we picked a good year to suck" said Pat Bowlen after countersigning Von Miller's rookie contract.
the bannan etc. dead money
is gone for good. As Rodney pointed out earlier, that just makes sense, since the contracts were built with an expectation of being able to cut in 2010 with no penalties.
The buck cut accelerates to this year, although the NFl may end up allowing the Broncos to spread the penalty between this year and next, so a $450k penalty both years, or a $900k penalty this year.
Hard to say how much of a difference cutting him before the lockout would have been. At most, $450k in 2011.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 4:26 PM MDT up reply actions
Awesome!
Now that is some impressive number crunching! I really appreciate you putting this together so even the math deficient like myself can understand!
"I get sick when I hear athletes say I’m not a role model" "Yes you are. You’re just not a very good one." -Tim Tebow
good stuff
nice to have this all cleared up.
my understanding is that no team can spend less than 89% of the total cap. meaning at the absolute minimum we can expect 16+ million to be spent on free agents (assuming that Orton is traded).
16+ million buys you a few nice pieces
89% of 120 million
106.8 million? or do I misunderstand?
the minimum spent in my matth is 8 million
Opinions are like......, Well anyway, this is mine.
by Sean in Pa. on Jul 26, 2011 12:50 PM MDT up reply actions
99% the first year
so 118.8 Million must be spent. We MUST spend an additional 20.486 Million. 4 million in qualifyin offers still eaves 16+. That buys some nice new toys. Maybe a DT or two and a nice RB.
I would much prefer a “2nd tier” RB added instead of blowing it on a top level guy. Then spend the big bucks on a good contracts for a couple DTs
I want to say how awesome a particular Rockies player is and that he will be the MVP, but the last time I mentioned it in my sig he went out with an injury, so, GO PLAYER WHO IS SO AWESOME!
oh, right
forgot about that first year part
Opinions are like......, Well anyway, this is mine.
by Sean in Pa. on Jul 26, 2011 12:52 PM MDT up reply actions
also in 2012
I saw 95% one place for 2012 and 99% another place… I think in principle it will be 99%, it just might have some fudgy accounting to get there. 2013 is when the 89% flat floor goes into place.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 12:53 PM MDT up reply actions
Either way we must spend money
Lots and lots of money!
I want to say how awesome a particular Rockies player is and that he will be the MVP, but the last time I mentioned it in my sig he went out with an injury, so, GO PLAYER WHO IS SO AWESOME!
I believe it is actually 99% this year
guaranteed cash spending of $119.2 mil this year. I think that is what the $3mil credit is designed to cover this year…basically it is designed to offset a typical average for teams that have prorated signing bonuses counting against their cash-against-cap.
I think we will have to spend essentially the whole $22mil (currently)… We HAVE to get some REALLY nice toys! :)
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 12:51 PM MDT up reply actions 1 recs
even better
It will be very interesting to see what some of these veterans get on the open market. With 32 teams having to spend decent money, there will be a ton of activity and demand.
Who do you think on the current roster would be eligible for an extension to help cover the difference potentially?
I am thinking Clady is a guy who would be in the running for this
for the 1st two years teams have committed to spending 99% of the cap.
Tim Tebow wears 3WM and drinks Tuscan whole milk.
by BroncoMath101 on Jul 26, 2011 3:29 PM MDT up reply actions
hey!
Did someone tell them over @ dove valley!????
by hydrowardaddy7 on Jul 26, 2011 12:45 PM MDT reply actions
That's one big Sundae....
The ignorant redneck formerly known as kentuckybronco.
by Troy Hufford on Jul 26, 2011 12:50 PM MDT up reply actions
bad imagery
sundaes involve licking… o.O
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 12:57 PM MDT up reply actions
I thought that they came in a bowl. That would involve spooning out the icecream... still not much better.
The ignorant redneck formerly known as kentuckybronco.
by Troy Hufford on Jul 27, 2011 5:25 AM MDT up reply actions
jesus troy
O.O
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 27, 2011 9:59 AM MDT up reply actions
The one thing..
I can say about are G.M. is he is a numbers guy. That is why he was hired by the Broncos in the first place! To clean up the cap mess we were in under Coach Shanahan. So with this news, to quote Mr. Tebow “Game On!” ;)
by FootballguruCoreyS. on Jul 26, 2011 12:48 PM MDT reply actions
we should
go get that corner from the RAIDERS lol!
by hydrowardaddy7 on Jul 26, 2011 12:49 PM MDT reply actions
Um, no
For the price he is not worth what we get. He will get 7-10 Mil/year
I want to say how awesome a particular Rockies player is and that he will be the MVP, but the last time I mentioned it in my sig he went out with an injury, so, GO PLAYER WHO IS SO AWESOME!
True
“The Broncos effectively shutdown both halves of the filed with Champ and Asimahhakjfiag. This allows their Pass rush to get to the QB within 15 seconds. If they were just not giving up 11 ypc they could be so much better!”
I want to say how awesome a particular Rockies player is and that he will be the MVP, but the last time I mentioned it in my sig he went out with an injury, so, GO PLAYER WHO IS SO AWESOME!
Jets tried this model
By taking 2 shutdown corners. Took them to AFC Championship, but no further
Yeah, I was thinking that their offense held them up
But they DO have a nice pass rush up front too. Helps those corners out a lot.
I want to say how awesome a particular Rockies player is and that he will be the MVP, but the last time I mentioned it in my sig he went out with an injury, so, GO PLAYER WHO IS SO AWESOME!
Nnamdi
Will get 12 mil/year on average
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:04 PM MDT up reply actions
Yes
Champ’s 2012 salary (the last year he will get paid as a top CB in the league) is a good barometer. He only makes $7mil base salary, but that is due to CBA language that won’t allow a salary to jump or fall by more than a certain percentage (15% i think) from year to year. He is also due a $7mil roster bonus, for a total 2012 salary of $14mil.
Figure Nmandi to make about that or within about 35% of it in 2011.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:12 PM MDT up reply actions
Its possible that somebody would get him in the $13/14 range but I expect him to make somewhere around Woodson/Revis money
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:18 PM MDT up reply actions
Wow...
this could give us a great chance to one one or more of, deangelo williams, cofield, mebane, etc…i’m suddenly excited about the start of free agency!
by jbbroncosfan27 on Jul 26, 2011 12:49 PM MDT reply actions
Can you clarify the situation with Ryan Harris? Did we tender him? What compensation would we get if he signs with the another team?
Ding Dong the lockout's dead
Our original tender was ixnayed by the new CBA
Harris, Vickerson and M.Thomas all got original round $1.2 million dollar tenders, but the broncos extended Big Vick and the CBA cancelled Harris and Thomas’ qualifyyying offers. they are pure UFAs at this point.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 12:56 PM MDT up reply actions
thanks - that clears things up for me
Ding Dong the lockout's dead
by DE_BroncoFan on Jul 26, 2011 1:03 PM MDT up reply actions
I think the Redskins....
Will make it a little to expensive for us to keep Harris.
by FootballguruCoreyS. on Jul 26, 2011 1:00 PM MDT reply actions
McGeorge has spoken
out against Cofield for whatever it’s worth. I’d hate to get a defensive tackle that isn’t a vast improvement. Whatever DT we get MUST be solid.
Brad James
Follow me on Twitter
With Coach Zorro on our side, we will slice opponents to ribbons. Tim Tebow gives me hope and I already have faith and charity in my heart! I see a propitious future rife with Lombardis for our Broncos!
by the new Bradfather on Jul 26, 2011 1:01 PM MDT reply actions
3 big names we have the money for?
DT Mebane, OT Clabo, RB D Williams…That would just about take up the top tier bunch and add a couple of more DTs in the 2-3 tier range for depth…
it will be a cap friendly deal
I estimate total rookie signings to have a cap hit of $5.024mil, with Von accounting for roughly 80% of that.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:06 PM MDT up reply actions
Wow great news
we could be 30+ mil under the cap if Orton gets dealt.
If you reply to a comment/post/fanshot of mine, I will more likely then not respond to it, unless you come off like a d-bag.
Whoop, one correction I need to enter above...
Prater and Woodyard were signed to 2010 RFA deals, not 2011, so actual tender amount is $1.835mil apiece…. Total of $3.67… number above are adjusted…
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:05 PM MDT reply actions
Please sign...
FB/RB McClain it would almost be like getting Hills back except he blocks better and doesn’t fumble as much! He would bring the mean back to are running game!
by FootballguruCoreyS. on Jul 26, 2011 1:06 PM MDT reply actions
He's been rising up my personal favorites for RB for the past month or so
Two birds with one stone… Big Power Back, and the pedigree of blocking against the Steelers front 7 twice a year
Peace and Love, to everyone... Reggae music soothes the soul; check out my relative's up and comin reggae band, "The Green" facebook.com/TheGreen808
yes, yes, yes
to mcclain. good to see people noticing this guy, finally. moreno is 200 lbs., we need a bigget/tougher back to share the load. power-back all the way
taste my blintzkrieg!
Pretty good news
We still need to spend wisely though. Hopefully we can get a DT and personally I am holding out for a CB.
Truth is we don’t have that many Free Agents on our team, least in the NFL, so we don’t have many spots to fill
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
good point
I have our roster numbers right now allowing us to sign about 4 guys…everyone else we sign will mean a cut somewhere else. Not a bad thing necessarily, but worth noting.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:08 PM MDT up reply actions
Which is pretty nice to have, especially if we have a decent amount of money to split between 4 guys.
Now, under the new CBA, are all contracts guaranteed like baseball?
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:12 PM MDT up reply actions
I don't think so
Haven’t heard anything long those lines anyway. There is just a larger overall pool to draw from mainly.
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:13 PM MDT up reply actions
I didn’t think so, but I was confused when I heard Mawae say something about guaranteed contracts, probably just talking about the length of rookie contracts
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:14 PM MDT up reply actions
waterboy
Iwould think a 4and 12 team would have a lot of spots to fill . Old slow and not very good can be replaced even before a preseason game is played .
by ultraclassic04 on Jul 26, 2011 1:12 PM MDT up reply actions
Can't just cut any and everybody
You have to pay those players you cut
ESPN 2011 FA Tracker about half way/ 3/4 down the page
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:16 PM MDT up reply actions
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:19 PM MDT up reply actions
Sounds like Deangelo Williams is staying in Carolina
Word in Carolina is that he wants to stay in Carolina long-term. Oh well…I was hoping we’d use some of our newly found cap space to snag him.
He said he wanted to go to a place with a good QB situation
I guess he’s on the Cam Newton bandwagon. I think its for the best, we can get a slightly lesser player for much cheaper and have more money available to address our other needs
If you reply to a comment/post/fanshot of mine, I will more likely then not respond to it, unless you come off like a d-bag.
Another update of sorts, not a done deal there yet
RT @mortreport: I’d say DeAngelo Williams is now #Panthers vs. #Broncos at this moment.
Personally, though I do like him I think he will be overpaid and would rather add someone faster, as asinsoin says. But he would certainly help!
There's no need to fear, Underdog is here! / Broncos/Dodgers/Lakers fan in Niners/Raiders/Giants/Warriors country, and damned proud of it.
The Panthers just signed Charles Johnson to a multi-year deal worth around 70mil!
Don’t know how much money they will have for DWilliams…
What a relief..
We need a bigger , faster, less expensive back with less mileage, several of which will be available. DW was noticeably slower and less explosive last year.
"as in football so in life"
Chudzinski's running a 2-back set this year too
He said he’s excited about the possibility of both he and Stewart in the backfield together.
I like the sound of this for the most part
1) Either San Diego pays him or
2) He leaves the AFC West
"Vincent is a great player for us and we drafted him with high expectations," Smith told the paper. "As you know, we have decided to move slowly toward any long-term commitment at this time. But if he and his agents’ five-year, $50 million position remains steadfast, the odds are extremely high that he will be headed elsewhere. We have so many players to consider — both short-term and long-term over the next two years."
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
one thing about AJ
he plays hardball with players pretty well. Not always for the best, but he wins a lot….
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:27 PM MDT up reply actions
and with Vincent he is reasonably reserved. Vincent has a bad behavior track record with personal conduct issues. And obviously is playing only for the money.
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:32 PM MDT up reply actions
I know I wouldn't want him...
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 1:33 PM MDT up reply actions
I would for the right price
which is probably a consensus around the NFL, right price being the key qualifier
A baseball park is the one place where a man's wife doesn't mind his getting excited over somebody else's curves
by waterboy31321 on Jul 26, 2011 1:40 PM MDT up reply actions
This is awesome news
Especially if we dump Orton’s contract, which by all accounts should happen anytime now, we have the capability of dramatically improving this team. Mebane, Franklin, and Cofield should all be in play I would think.
TAKE IT!!!!!!!
by diehardbroncofan on Jul 26, 2011 1:27 PM MDT reply actions
This makes the Bannon (and Graham/Williams)
situation more tolerable. I guess the FO knew more than me about what might be coming down the pike.
Thanks for the read....
I’m glad that there’s someone way more intelligent than me to explain situations such as this to myself. Very imformative and great news for our team. Orton will be traded for a 3rd, or maybe a 3rd/4th and a player, so that’s a huge chunk added to go towards grabbing us a nice:
RB (Michael Bush, Le’Ron McClain, DeAngelo Williams, Darren Sproles).
Possibly a FB (Vonta Leach, Lawrence Vickers, John Kuhn).
An O-Lineman perhaps (Jared Gaither, Tyson Clabo, Harvey Dahl, Evan Mathis, Jamal Brown).
Defintely a DT or two (Marcus Thomas, Haynesworth, Mebane, Tommie Harris, Stephen Bowen, Cofield, Cullen Jenkins).
and more than likely a CB (Richard Marshall, Fabian Washington, Ike Taylor, Johnathan Joseph).
"When Tim Tebow does pushups, he's not pushing himself up, he's pushing the world down."
"Gear down there big shifter This is the "No Bull" review man…" a total Lebowski-esque one liner from Sadaraine, whether he realizes it or not - comedic gold.
One Thing...
I’d like to see the regime use a chunk of the available space/cash to lock up players nearing the end of their first contract
Priority should, obviously, be extending Ryan Clady. He should never get near free agency.
And then, depending on their success in the Fox system this year (since the 99% Rule doesn’t have to be met until the end of the season), guys like Eddie Royal, Spencer Larsen, and Joe Mays should also be locked into cost-efficient, long-term deals.
by MD413 on Jul 26, 2011 2:00 PM MDT reply actions 2 recs
Here's an awesome link!
http://www.youtube.com/watch?v=0ngHEIBt4ig
Brad James
Follow me on Twitter
With Coach Zorro on our side, we will slice opponents to ribbons. Tim Tebow gives me hope and I already have faith and charity in my heart! I see a propitious future rife with Lombardis for our Broncos!
by the new Bradfather on Jul 26, 2011 2:41 PM MDT reply actions
Thanks Jeremy.
Now we can go get a couple of DTs, a RB and a CB. I also want Clady and Lloyd to get new deals and Thomas, Prater and Woodyard to get re-signed.
A little nasty on defense would be nice.
by Digger24 on Jul 26, 2011 2:42 PM MDT reply actions 1 recs
I am
an excellent driver…
Have courage for the great sorrows of life and patience for the small ones; and when you have laboriously accomplished your daily task, go to sleep in peace.
by Jeremy Bolander on Jul 26, 2011 3:12 PM MDT up reply actions
I drive slow on the drive way....
Thanks for the breakdown, Jeremy. I am excited to see what the next few days bring us. Hopefully we’ll get another DT and some good depth on the D-line. I think we should be a little cautious dumping money on a RB until we see where LenDale White is coming back from his injury. I think we got a steal on the kid from Auburn and I am anxious to see how he does. I think we may be better off at RB than most have anticipated but that is just my opinion.
Yes!!!!! (Channeling my inner Napolean Dynamite)
This is what I was exchanging emails with Jeff Legwold (DP) about. I was pretty sure it didn’t make sense for us to carry cap baggage into an uncapped year. I’m really happy that we were able to free up that additional $12M. Great work on the breakdown again.
Jeremy, I think we’re going to get our prizes. I think we’re able the guy we want (Jenkins/Melbane) and the guy Foxy wants (Williams). I think we can do both and that makes me happy!
I think Bannan isn't coming back, Nate Irving will start at MLB and Tim Tebow starts at QB. Oh, and VonDoom should combine for 20-25 sacks.
i want
mebrame DT SEA jenkins DE-DT gb Barnett GB MLB and a G NUM 2 RB num 2 CB
okay i have cerebral palsy arthris and chronic fatigue as well i have a great life and loveing folks some days are better than other days i got a make-a-wish in 2001 and saw my favorite team the broncos it was the trip of a lifetime i wish everyone couild have gotten to enjoy that with me i know some of u hate the broncos and that okay but i bleed organ and bule for my mnr fans but i bleed orange and blue denver will rise again resident broncos fan for every blog resident broncos for stampede bule thanks shvd98z24 real name jeremy woodard nettleton high class of 02 yes i am a raider
Since we got the money, why not make Vonta Leach the highest paid fullback in the league?
If we’re gonna have the “most sophisticated running game in the league,” we better have a FB ready to destroy some guys.
Larsen and a UDFA Patrick Hill? Thats not gonna excite anybody. Going from that to Vonta Leach is a HUGE improvement and I think we should make it happen
Peace and Love, to everyone... Reggae music soothes the soul; check out my relative's up and comin reggae band, "The Green" facebook.com/TheGreen808
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