2008 Salary Cap Update
Originally posted by westy from a sports forum:
Interesting read from an article in Sports Illustrated.
Teams with significant cap space late in a season can manipulate the following year's cap by writing likely-to-be-earned incentive bonuses into contracts that, in reality, have zero chance of being earned.
Such incentives count against a team's cap the year they're written, but if they're not met -- and teams have ways of making sure they're not met -- the team is then credited the amount of the bonuses against the following year's cap.
According to figures distributed to each NFL team this week, 24 of the 32 NFL teams were given upward cap adjustments for 2008, six teams were given downward cap adjustments (thanks to conventional incentives that were met) and two teams had no adjustments.
Of the 24 teams that gained more room under the cap, seven tacked on at least $10 million, a group led by the Vikings ($18,432,577), Eagles ($14,087,449), Buccaneers ($13,306,634), Bills ($12,713,009) and Browns ($12,633,503).
Not coincidentally, the Eagles, Vikings, Bills and Browns all made a splash on the first day of free agency.
2008 Salary Cap Figures
Team Adjustments Adjusted Cap
Arizona Cardinals $0 $116,729,000
Atlanta Falcons ($350,574) $116,378,426
Baltimore Ravens $2,532,265 $119,261,265
Buffalo Bills $12,713,009 $129,442,009
Carolina Panthers $8,926,802 $125,655,802
Chicago Bears $726,231 $117,455,231
Cincinnati Bengals $0 $116,729,000
Cleveland Browns $12,633,503 $129,362,503
Dallas Cowboys $998,443 $117,727,443
Denver Broncos $660,000 $117,389,000
Detroit Lions ($5,348,065) $111,380,935
Green Bay Packers $9,430,581 $126,159,581
Houston Texans ($2,207,869) $114,521,131
Indianapolis Colts $6,501,115 $123,230,115
Jacksonville Jaguars $11,920,898 $128,649,898
Kansas City Chiefs $11,658,373 $128,387,373
Miami Dolphins $3,944,997 $120,673,997
Minnesota Vikings $18,432,577 $135,161,577
New England Patriots $2,596,078 $119,325,078
New Orleans Saints $8,017,003 $124,746,003
New York Giants ($3,096,512) $113,632,488
New York Jets $5,052,789 $121,781,789
Oakland Raiders $4,340,722 $121,069,722
Philadelphia Eagles $14,087,449 $130,816,449
Pittsburgh Steelers ($1,910,774) $114,818,226
San Diego Chargers ($597,647) $116,131,353
San Francisco 49ers $2,310,787 $119,039,787
Seattle Seahawks $7,386,108 $124,115,108
St. Louis Rams $632,320 $117,361,320
Tampa Bay Buccaneers $13,306,634 $130,035,634
Tennessee Titans $5,491,147 $122,220,147
Washington Redskins $1,821,260 $118,550,260
• 2008 unadjusted salary cap is $116,729,000
• Numbers in parentheses are negative cap adjustments
Interesting read from an article in Sports Illustrated.
Teams with significant cap space late in a season can manipulate the following year's cap by writing likely-to-be-earned incentive bonuses into contracts that, in reality, have zero chance of being earned.
Such incentives count against a team's cap the year they're written, but if they're not met -- and teams have ways of making sure they're not met -- the team is then credited the amount of the bonuses against the following year's cap.
According to figures distributed to each NFL team this week, 24 of the 32 NFL teams were given upward cap adjustments for 2008, six teams were given downward cap adjustments (thanks to conventional incentives that were met) and two teams had no adjustments.
Of the 24 teams that gained more room under the cap, seven tacked on at least $10 million, a group led by the Vikings ($18,432,577), Eagles ($14,087,449), Buccaneers ($13,306,634), Bills ($12,713,009) and Browns ($12,633,503).
Not coincidentally, the Eagles, Vikings, Bills and Browns all made a splash on the first day of free agency.
2008 Salary Cap Figures
Team Adjustments Adjusted Cap
Arizona Cardinals $0 $116,729,000
Atlanta Falcons ($350,574) $116,378,426
Baltimore Ravens $2,532,265 $119,261,265
Buffalo Bills $12,713,009 $129,442,009
Carolina Panthers $8,926,802 $125,655,802
Chicago Bears $726,231 $117,455,231
Cincinnati Bengals $0 $116,729,000
Cleveland Browns $12,633,503 $129,362,503
Dallas Cowboys $998,443 $117,727,443
Denver Broncos $660,000 $117,389,000
Detroit Lions ($5,348,065) $111,380,935
Green Bay Packers $9,430,581 $126,159,581
Houston Texans ($2,207,869) $114,521,131
Indianapolis Colts $6,501,115 $123,230,115
Jacksonville Jaguars $11,920,898 $128,649,898
Kansas City Chiefs $11,658,373 $128,387,373
Miami Dolphins $3,944,997 $120,673,997
Minnesota Vikings $18,432,577 $135,161,577
New England Patriots $2,596,078 $119,325,078
New Orleans Saints $8,017,003 $124,746,003
New York Giants ($3,096,512) $113,632,488
New York Jets $5,052,789 $121,781,789
Oakland Raiders $4,340,722 $121,069,722
Philadelphia Eagles $14,087,449 $130,816,449
Pittsburgh Steelers ($1,910,774) $114,818,226
San Diego Chargers ($597,647) $116,131,353
San Francisco 49ers $2,310,787 $119,039,787
Seattle Seahawks $7,386,108 $124,115,108
St. Louis Rams $632,320 $117,361,320
Tampa Bay Buccaneers $13,306,634 $130,035,634
Tennessee Titans $5,491,147 $122,220,147
Washington Redskins $1,821,260 $118,550,260
• 2008 unadjusted salary cap is $116,729,000
• Numbers in parentheses are negative cap adjustments
posted by The Gryphon at 7:09 PM
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