01-19-2024, 03:18 PM
Now for something more concrete, and those who do not believe the $55 mil number is real.
A. Cap
1. Projected cap = $242,500,000
2. 2023 Rollover = $10,766,741
--------------------
3. Total Cap 2023 = $253,266,741
4. Dead Money = ($1,775,689)
------------
5. 2024 Working Cap = 251,491,052.
Will will likely incur more dead money before all is said & done? Sure, but it will be minimal unless we are cutting someone who saves us more on the cap by doing so.
B. Contracts
1. 19 signed starters = $154,255,691
-----Burrow, Mixon, Chase, OBJ, Volson, Karras, Cappa; Hendrickson, BJ Hill, Hubbard,,Wilson, Pratt, CTB, Turner, Hilton, Battle, D. Hill; McPherson, Robbins (Robbins replacement is negligible cap impact).
2. 10 Reserves (29) = $13,398,174
-----C. Brown, Iosivas, C. Jones; C. Sample, Murphy, Ossai, Carter, Ivey, J. Davis, Anderson.
3. 8 iffy Reserves (37) = $13,005,884
-----Evans, Carman, D. Smith, T. Hill; Tufele, Bell, Harper, Scott.
-------------------------------
4. Total Contracts (37) = $180,659,749
5. First look cap space = $70,831,303
Now, will all of those players make it to the final 53? No. But all 37 were all on the 53 at the end of this year or were before they got hurt.
C. Getting to Functional Cap Space
1. Practice Squad cost (in season) = $4,400,000
2. 1st round pick cap hit (+1, 38) = $2,695,995
3. ERFA's signings (+2, 40) = $1,830,000
------Browning, Adomitis
4. Min FA re-signings (+8, 48) = $8,930,000
------T. Williams, Irwin, D. Sample, Ford, Scharping; Tupou, Bailey, Bachie
----------------------
5. Total Estimated Obligations =$17,855,995
-----------
6. Functional Cap Space = $52,975,308
That functional cap space is with 48 guys signed and 5 major holes to fill. I think we have 6 spots where we could spend at significantly above the vet min/draft pick level: WR2, NT, RT, WR3, and TE all need starters, and I think some inside pass rush. The Rd 1 pick will take care of one (I guess we could spend big on CB/S/RB upgrades, but that likely means cheaper elsewhere). Anywho, with 5 holes, I spent to 48 guys to get functional space.
But what about the other 8 draft picks? True, I elected to fill open roster spots with min FA guys instead of picks. But the average salaries of the min guys and the picks (outside the first rounder) is roughly a wash. The picks will be displacing guys already under contract or placeholder vet min FA's I put in those spots.
Reader & Ivey will likely be IR, so going to 55 is acceptable. Throw in ADG/Hudson or more picks, but that likely costs us $1.5-$2.0 mil more. My PS estimate is likely high, though.
Anyway, somewhere between $51-$53 mil to play with and 5 major + 2 minor issues to solve, assuming RD1 takes care of one, so 6.
Hoping Day 2 draft takes two, that means FA needs to take 3-4.
A. Cap
1. Projected cap = $242,500,000
2. 2023 Rollover = $10,766,741
--------------------
3. Total Cap 2023 = $253,266,741
4. Dead Money = ($1,775,689)
------------
5. 2024 Working Cap = 251,491,052.
Will will likely incur more dead money before all is said & done? Sure, but it will be minimal unless we are cutting someone who saves us more on the cap by doing so.
B. Contracts
1. 19 signed starters = $154,255,691
-----Burrow, Mixon, Chase, OBJ, Volson, Karras, Cappa; Hendrickson, BJ Hill, Hubbard,,Wilson, Pratt, CTB, Turner, Hilton, Battle, D. Hill; McPherson, Robbins (Robbins replacement is negligible cap impact).
2. 10 Reserves (29) = $13,398,174
-----C. Brown, Iosivas, C. Jones; C. Sample, Murphy, Ossai, Carter, Ivey, J. Davis, Anderson.
3. 8 iffy Reserves (37) = $13,005,884
-----Evans, Carman, D. Smith, T. Hill; Tufele, Bell, Harper, Scott.
-------------------------------
4. Total Contracts (37) = $180,659,749
5. First look cap space = $70,831,303
Now, will all of those players make it to the final 53? No. But all 37 were all on the 53 at the end of this year or were before they got hurt.
C. Getting to Functional Cap Space
1. Practice Squad cost (in season) = $4,400,000
2. 1st round pick cap hit (+1, 38) = $2,695,995
3. ERFA's signings (+2, 40) = $1,830,000
------Browning, Adomitis
4. Min FA re-signings (+8, 48) = $8,930,000
------T. Williams, Irwin, D. Sample, Ford, Scharping; Tupou, Bailey, Bachie
----------------------
5. Total Estimated Obligations =$17,855,995
-----------
6. Functional Cap Space = $52,975,308
That functional cap space is with 48 guys signed and 5 major holes to fill. I think we have 6 spots where we could spend at significantly above the vet min/draft pick level: WR2, NT, RT, WR3, and TE all need starters, and I think some inside pass rush. The Rd 1 pick will take care of one (I guess we could spend big on CB/S/RB upgrades, but that likely means cheaper elsewhere). Anywho, with 5 holes, I spent to 48 guys to get functional space.
But what about the other 8 draft picks? True, I elected to fill open roster spots with min FA guys instead of picks. But the average salaries of the min guys and the picks (outside the first rounder) is roughly a wash. The picks will be displacing guys already under contract or placeholder vet min FA's I put in those spots.
Reader & Ivey will likely be IR, so going to 55 is acceptable. Throw in ADG/Hudson or more picks, but that likely costs us $1.5-$2.0 mil more. My PS estimate is likely high, though.
Anyway, somewhere between $51-$53 mil to play with and 5 major + 2 minor issues to solve, assuming RD1 takes care of one, so 6.
Hoping Day 2 draft takes two, that means FA needs to take 3-4.
