Denver Broncos Salary Cap Picture--Manning's Cap Hit May Be Less Than Expected

March 20 2012; Englewood, CO, USA; Denver Broncos executive vice president for football operations John Elway speaks during a press conference at Broncos headquarters. Mandatory Credit: Ron Chenoy-US PRESSWIRE

As Denver nears the end of its 2012 run in Free Agency, a relevant question would be "How much more room do they have left?"

I figured I may as well create a new post, which also became an opportunity to export a portion of the data I keep on Broncos salary cap numbers. So below the fold you will find some excerpts from my database, as well as a few projections for what is left to come. Note that these numbers are UNOFFICIAL, as are almost any contract numbers you find online. They may differ from numbers you see on rotoworld or Sportrac, or numbers reported by the beat writers or even numbers reported by NFL agents, who typically inflate numbers when leaking details during the high-pressure signing period to open free agency.

I mention this because my number for Peyton Manning in particular is nearly $5million different from what is being reported right now (I expect that clarity will come soon on that, either for myself or others), but also to note that none of us are any more right than anyone else. Posts like these should be an opportunity to share information, little more.

Having said that, make sure our MHR settings are on "wide" (check your right sidebar if you don't know what I am talking about), and lets get below the fold and see where we are at.

Denver Broncos Team Salary Cap 2012

Status +/- POS Name Age Accrued Seasons 2012 P5 Salary 2012 SB 2012 RB unprorated carryover from 2011 cost to cut carryover to 2013 2012 Cap
Base 120.600
Rollover 27.000
Total Cap number 147.600
FA QB Manning, Peyton 36 14 18.000 6.000 1.200 6.000 fully guaranteed 13.200
QB Weber, Adam 24 0 0.390 0.390
FA QB Hanie, Caleb 26 4 1.25 1.25
ERFA Tendered RB2 Ball, Lance 26 2 0.540 ERFA 0.540
^ RB McGahee, Willis 29 9 1.000 0.250 1.250
FB Sylvester, Austin 23 0 0.390 0.390
RB Omon, Xavier 27 0 0.390 0.390
^ RB2 Johnson, Jeremiah 24 1 0.465 0.465
6.300 RB Moreno, Knowshon 24 3 0.855 0.832 1.687
^ RB Fannin, Mario 24 1 0.390 0.003 0.393
WR Goodwin, DeAndre 24 0 0.390 0.390
2.300 LWR Decker, Eric 24 2 0.525 0.183 0.366 0.708
FA WR Caldwell, Andre 26 4 .900
.900
WR Orton, Greg 25 0 0.390 0.390
WR Grisham, Tyler 24 0 0.390 0.390
WR Toone, Tim 27 0 0.390 0.390
3.345 LWR Thomas, Demaryius 23 2 1.965 0.466 2.431
RFA original round tender no comp LWR Willis, Matthew 27 2 1.260 RFA 1.260
^ WR Dell, Mark 22 1 0.450 0.003 0.006 0.453
^ TE2 Thomas, Julius 23 1 0.465 0.096 0.288 0.561
FA TE Tamme, Jacob 27 4 3.500 fully guaranteed 3.500
FA TE Dreesen, Joel 29 6 4.000 4.000
TE Ingram, Cornelius 26 0 0.390 0.390
^ TE Green Virgil 22 1 0.465 0.017 0.052 0.482
T Grant, Adam 25 0 0.390 0.390
2.550 LT Clady, Ryan 24 4 3.550 4.110
^ RT Franklin, Orlando 23 1 0.573 0.417 1.251 0.990
ERFA Tendered LT Clark, Chris 25 2 0.540 ERFA 0.540
^ OT Hills, Tony 26 4 0.700 0.700
^ LG Beadles, Zane 24 2 0.490 0.595 1.085
OG Davis, C.J. 25 0 0.390 0.390
^ RG Kuper, Chris 28 6 3.500 4.420
^ C Walton, J.D. 24 2 0.490 0.200 0.400 0.690
^ RT Harris, Ryan 26 4 0.700 0.700
FA Resigned LG Ramirez, Manny 28 2 0.540 0.540
^ RDT Unrein, Mitch 24 1 0.415 0.415
RFA original round tender 4th RDT McBean, Ryan 27 3 1.260 1.260
^ DT Warren, Ty 30 9 4.000 1.250 1.250 5.250
FA Pending DT Thomas, Marcus 25 5
^ RDT Vickerson, Kevin 28 6 2.000 0.375 0.500 0.500 2.875
DL Jarmon, Jeremy 24 2 0.540 0.540
DT Silga, Sealver 22 0 0.390 0.390
^ RDE Dumervil, Elvis 27 6 14.000 0.417 1.668 15.263
DE Obiozor, Cyril 27 2 0.540 0.540
DE Beal, Jeremy 24 0 0.390 0.390
2.840 LDE Ayers, Robert 25 3 0.965 0.965
FA Pending LDE Hunter, Jason 27 6
^ SLB Miller, Von 22 1 1.329563 3.443 10.329 4.772563
FA Resigned MLB Mays, Joe 27 4 4.000 .500 .167 .500 fully guaranteed 4.167
^ WLB Williams, D.J. 29 8 5.000 0.900 1.800 6.800
FA Resigned SLB Woodyard, Wesley 24 4 2.000 estimated 2.000
? MLB Mohamed, Mike 23 1 0.465 0.025 0.08 0.490
^ LB Iwuh, Brian 27 6 0.700 0.700
^ MLB Irving, Nate 23 1 0.465 0.174 0.522 0.639
^ LCB Bailey, Champ 33 13 7.500 0.500 1.000 1.250 3.750 10.500
^ RCB Goodman, Andre 32 10 4.620 1.200 0.960 2.400 6.780
^ CB Harris, Chris 22 1 0.465 0.001 0.002 0.466
^ LCB Thompson, Syd'Quan 24 2 0.490 0.015 0.030 0.505
^ RCB Vaughn, Cassius 23 2 0.590 0.590
FA CB Porter, Tracy 25 4 4.000 4.000
CB Moore, Joshua 23 0 0.390 0.390
^ CB Carter, Tony 25 1 0.615 0.615
FA Pending FS Dawkins, Brian 37 16
^ SS Bruton, David 23 3 0.615 0.120 0.120 0.735
^ SAF Bush, Rafeal 24 1 0.465 0.465
DB Robinson, Ramzee 28 4 0.700 0.700
FA SAF Adams, Mike 31 8 2.000 fully guaranteed 2.000
0.678 FS Moore, Rahim 21 1 0.465 0.433 1.299 0.898
^ FS Carter, Quinton 23 1 0.465 0.114 0.341 0.579
FrTag K Prater, Matt 26 3 2.654 2.654
ERFA Tendered P Colquitt, Britton 26 1 0.540 ERFA 0.540
^ LS Paxton, Lonie 33 11 0.925 0.200 0.400 1.125
RESERVE
LDE Garland, Ben 23 0 0.490 0.490

I Thought Manning's cap number was $18mil this year?

Turns out that he received $6mil up front as an advance, which, by the nature of the guarantees in Manning's contract is guaranteed itself and does not need to ever be paid back, which qualifies it under CBA Article XIII 6(b)iii(8)(10)(11) as a signing bonus which must be prorated over the life of the contract. The reasoning for this is to avoid the "30% rule" (an obscure rule that prevents a players contract from differing up or down by more than 30% from year to year) but still give Denver a chance to limit the current cap hit. So until I hear otherwise, I am going to assume a 2012 cap hit for Peyton of $13.2mil.

What is cost to cut?

I know what you're thinking: "How soon until they cut Andre Goodman?" Leaving aside the merits for that discussion, cost to cut is the acceleration of prorated monies in a contract. So for a guy like Goodman, who is scheduled to count $6.78mil vs. the cap, $2.4mil would instantly accelerate and become dead money going forward. Just something to think about.

Unit-By-Unit Expense Summary

P5 Salary SB RB PR CO '11 CTC CO'13 Cap #
All QBs $19.640 $6.000 $0.000 $1.200 $0.000 $6.000 $0.000 $14.840
All RBs $4.030 $0.000 $0.000 $1.085 $0.000 $0.000 $0.000 $5.115
All WRs $6.660 $0.000 $0.466 $0.186 $0.000 $0.372 $0.000 $7.312
All TEs $8.820 $0.000 $0.000 $0.113 $0.000 $0.340 $0.000 $8.933
All OTs $5.363 $0.000 $0.000 $0.417 $0.000 $1.251 $0.000 $6.340
All G/Cs $6.110 $0.000 $0.000 $0.795 $0.000 $0.400 $0.000 $7.825
Total Offense $50.623 $6.000 $0.466 $3.796 $0.000 $8.363 $0.000 $50.365
All DTs $5.675 $0.000 $0.000 $1.250 $0.000 $1.250 $0.000 $6.925
All DEs $18.825 $0.000 $0.375 $0.917 $0.000 $2.168 $0.000 $20.963
All LBs $13.960 $0..500 $0.000 $4.709 $0.000 $13.226 $0.000 $19.569
All CBs $18.670 $0.500 $1.000 $2.466 $0.960 $6.182 $0.000 $23.846
All SAF $4.710 $0.000 $0.000 $0.667 $0.000 $1.760 $0.000 $5.377
Total Defense $61.840 $0.500 $1.375 $9.842 $0.960 $24.086 $0.000 $76.513
All PK $2.654 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $2.654
All P $0.540 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.540
All LS $0.925 $0.000 $0.000 $0.200 $0.000 $0.400 $0.000 $1.125
All STs $4.119 $0.000 $0.000 $0.200 $0.000 $0.400 $0.000 $4.319

Total Team 116.581563 7.000000 1.841000 14.004750 0.960000 33.348800 0.000000 131.363563
4.138 Dead Money 2.226

I'm not going to break down the dead money here, but if you are interested ask in the comments. That total number is a bit misleading for the purposes of this exercise, however, since not all of it applies. The league only holds the Broncos accountable for the top 51 contracts at any given time. In addition, they also count any other contracts which reach certain benchmarks, such as double the value of the vet minimum for that player's tier. In Denver's case, only the 51 apply.

Denver also has to set aside cap space for offseason workouts, at a rate predetermined by the league. They will also have cap room earmarked for the signing of the 2012 rookie class as well as space set aside for injury reserve purposes. These are laid out below.

Cap Compliance Breakdown

Top 51 Player Contracts 124.103
2012 Dead Money 2.226
Offseason Workout Space 0.446
2012 Rookie Class 8.000
IR Reserve 4.500
Total Projected Cap Number 139.275
Total Projected Cap Space 8.325

I expect that right now the Broncos priorities are resigning Marcus Thomas, Jason Hunter, and then bringing Dawkins back sometime before preseason starts. This could cost anywhere from $8-11mil, so by my calculation we should have just enough room to get it done. I'm projecting Dawk at between 3 and 4mil, Hunter between 1 and 2mil, and Thomas between 4-5 mil. Obviously, the closer we pay to their true value, the more likely we are to get all three.

As a last thought, if you still wonder or care which numbers would be best to use, I'll just note the benchmark I use for correcting my database. Every year Jason LaCanfora of ESPN releases timely updates to total team cap compliance, numbers which are reported to him straight from the league office. Since 2009, based on LaCanfora's number, my database has never been above +/-1% of total team cap. As of February 21, this database is within +/-.3%.

Happy armchair GMing MHR!

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