1. Hi Guest, Registrations are now open. See you on the inside.
    Dismiss Notice

2014 Salary Cap---we should be fine

Discussion in 'Steelers Talk' started by lersgofor7, Dec 17, 2013.

Page 1 of 3
  1. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011
    As we sit here on December 17th we currently stand about 7.1 Mil OVER the salary cap for 2014...that is with not signing any of our or anyone else's free agents or any of our draft picks or undrafted free agents...

    I am looking into a crystal ball and seeing how some guys will be able to be resigned....

    If the following 4 moves would be made we would stand at 22 mil under the cap...that is without resigning any of the free agents on our team or signing draft picks

    CUTS

    Troy --- Savings Approx 8 mil
    Ike --- Savings Approx 7 mil
    Levi Brown ---- Approx 6 mil
    Woodley (JUNE 1st CUT)---- Approx 8 mil

    A 5th Option would be to restructure AB which will save another 4 mil...he is the only guy I would restructure this year


    so resigning some of these guys ie...sanders and worlids is not as far fetched as it may seem


    Food for thought as to who will be back next year.... I am guessing 1 of the 4 either troy or Ike unless both take about 50% pay cuts....but you know how that works... im guessing ike


    Idk if people realize 7 players take up 67% of our cap
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #1
  2. freakfontana

    freakfontana

    5,481
    37
    Oct 19, 2011
    we don't need sanders i will restructure miller too and i would cut kiesel
     
    freakfontana, Dec 17, 2013
    freakfontana, Dec 17, 2013
    #2
  3. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    I agree with sanders... i think we can get someone easily to replace his production....

    Keisel is a FA he wouldn't need to be cut

    Miller can't be restructured---he could possibly be extended because he is in the last year of his deal...which i fully believe will happen to the tune of 3 to 4 years around 5 mil per
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #3
  4. freakfontana

    freakfontana

    5,481
    37
    Oct 19, 2011
    yes i meant extended to low his next year cap
     
    freakfontana, Dec 17, 2013
    freakfontana, Dec 17, 2013
    #4
  5. Steel_Elvis

    Steel_Elvis Staff Member Mod Team

    17,064
    5,041
    Nov 4, 2011
    With a quick look at Woodley's contract on spotrac.com, I think that cutting or trading Woodley after June 1st would only save us around $1 million against the 2014 cap, and would cost us $7 million in dead money in 2015. In my opinion deferring any pain to 2015 is a very bad idea. We will need to resign some players in 2015, and hopefully grab a few lower-mid priced free agents to help us make a run. We will also have a larger cap hit for Ben to offset.
     
    Steel_Elvis, Dec 17, 2013
    Steel_Elvis, Dec 17, 2013
    #5
  6. freakfontana

    freakfontana

    5,481
    37
    Oct 19, 2011
    i'm not sure but i think the dead money are more .. something like 13 milion that you need to split in two years .. i can be wrong let's wait for ttf explanation ...
     
    freakfontana, Dec 17, 2013
    freakfontana, Dec 17, 2013
    #6
  7. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    a june 1 cut will save approx 7-8 mil on the 2014 cap
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #7
  8. Steel_Elvis

    Steel_Elvis Staff Member Mod Team

    17,064
    5,041
    Nov 4, 2011
    The dead money is 14.17 million. His 2014 salary is 8 million. If he's cut before June 1, he costs us 6.17 million against the 2014 cap (14.17 - 8). By my understanding of the rules, if he's cut after June 1st, the 14.17 is cut in half, with 50% applying to the 2014 cap and 50% applying to the 2015 cap. For 2014, the 8 million in salary would be an offset, and we would save nearly 1 million. However, for 2015 we would have a dead money hit of a little over 7 million.

    I'm pretty sure that I'm right on this. Also, if you look at the numbers, his 2015 salary is 8.5 million, and his 2015 dead money (if cut next offseason) is also 8.5 million. I'm sure that's why the restructuring that was done this past summer only cut his base to 3.6 million instead of the vet minimum. The front office basically decided that he would be here for 2013 and 2014, and then the big decision would come after next season when cutting him would be a break-even proposition.

    In other words - Woodley will almost certainly be here next season.
     
    Steel_Elvis, Dec 17, 2013
    Steel_Elvis, Dec 17, 2013
    #8
  9. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

    23,297
    2,332
    Oct 12, 2011
    Right, split into two years. $14,170,000 is the dead money hit. The portion of the guaranteed signing bonus due for the salary year remains on the books as dead money- $5.59 Mil. The remainder is accelerated to the following year- just over $8.5 Mil. Keep in mind that the entire $14+ Mil figure counts against the cap until after the June 1st deadline, so that needs to be accounted for somehow. Also, the draft pool is going to be somewhere near the ballpark of $2 Mil. As we stand today, I see the figure at apx $7.8 Mil over with just 42 players under contract.
     
    TerribleTowelFlying, Dec 17, 2013
    TerribleTowelFlying, Dec 17, 2013
    #9
  10. freakfontana

    freakfontana

    5,481
    37
    Oct 19, 2011
    6 milion is levy brown so basically we should be a little over 1 milion
     
    freakfontana, Dec 17, 2013
    freakfontana, Dec 17, 2013
    #10
  11. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    correct
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #11
  12. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    Correct...this figure isnt as dire as it seems... i really think troy or ike or both will absolutely not be playing with their current base salaries for next year..whether its them being released or a salary cut
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #12
  13. freakfontana

    freakfontana

    5,481
    37
    Oct 19, 2011
    not sure he stays , the cap is one thing and the dead money are already in woodley pocket , but giving him another 8 milion (base salary of 2014 ) seems insane
     
    freakfontana, Dec 17, 2013
    freakfontana, Dec 17, 2013
    #13
  14. 58stillers

    58stillers

    2,188
    284
    Nov 14, 2011
    I may be mistaken, but I thought he Cards had to take a majority of the salary cap hit for Levi Brown in 2014?
     
    58stillers, Dec 17, 2013
    58stillers, Dec 17, 2013
    #14
  15. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    we would be on the books for his salary for next year..which is 6 mil...

    we could cut him with no penalty
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #15
  16. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

    23,297
    2,332
    Oct 12, 2011
    That's correct, they renegotiated his contract before the trade. In the end, it was $3.5 Mil dead money this year, over $6.5 Mil next year for them. He ended up only counting $546,765 against this year's cap for us after proration of the vet minimum. His signing was basically risk free, because nothing is guaranteed for him here. Cutting him will save the team $6.25 Mil in 2014.
     
    TerribleTowelFlying, Dec 17, 2013
    TerribleTowelFlying, Dec 17, 2013
    #16
  17. Rush2seven

    Rush2seven Well-Known Member

    13,755
    2,085
    Oct 17, 2011
    Is it possible to renegotiate Levi Brown's contract for a substantial amount less? Thus opening the possibility that he could come to camp and earn a spot? Otherwise, it doesn't seem like he will be paid by any team for his current amount.
     
    Rush2seven, Dec 17, 2013
    Rush2seven, Dec 17, 2013
    #17
  18. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    cut and resign for vet min.
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #18
  19. bigsteelerfaninky

    bigsteelerfaninky Well-Known Member

    7,235
    366
    Oct 24, 2011
    I do not think we are going to cut troy
     
    bigsteelerfaninky, Dec 17, 2013
    bigsteelerfaninky, Dec 17, 2013
    #19
  20. BobbyBiz

    BobbyBiz Well-Known Member

    6,800
    816
    Nov 30, 2011
    Not quite.

    His 2014 salary is $8M. If you cut a player, that is what you save against the cap. That number is gone and off of the books. What you don't save is his signing bonus for that year which is $5.6M. HOWEVER, when you cut a player, all future signing bonus money is accelerated to the current year and counts against that years cap. For Woodley those numbers are $5.6M and $3.0M for 2015 and 2016.

    So while they save the $8M from cutting Woodley, they must immediately count $14.2M (5.6+5.6+3.0) against this years cap. If they do it after June 1 then that is spread out over 2 years, $7.1M per year. Thats a lot of coin to eat. I'd rather find a way to keep Worlids, stick it out with Woodley one more year, then release him June 1, 2015. The dead money charge would then be $4.25M per year for 2015 and 2016. Much easier to swallow.
     
    BobbyBiz, Dec 17, 2013
    BobbyBiz, Dec 17, 2013
    #20
  21. BobbyBiz

    BobbyBiz Well-Known Member

    6,800
    816
    Nov 30, 2011
    If they do it will be with the understanding that they bring him back at a reduced salary. Not sure if you are allowed to work that out ahead of time, but thats the approach I would take...agree (on a handshake) on a 2 year deal, release him, then offer him the deal immediately after.
     
    BobbyBiz, Dec 17, 2013
    BobbyBiz, Dec 17, 2013
    #21
  22. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

    23,297
    2,332
    Oct 12, 2011
    Not quite. The dead money is not split evenly across the two years.

    The portion of the guaranteed signing bonus due for the salary year remains on the books as dead money for that year. In Woodley's case $5.59 Mil. The remainder is pushed to the following year- just over $8.5 Mil.
     
    TerribleTowelFlying, Dec 17, 2013
    TerribleTowelFlying, Dec 17, 2013
    #22
  23. mac daddyo

    mac daddyo Well-Known Member

    30,195
    6,285
    Oct 22, 2011
    it really would be much better against the cap to keep Woodley 1 more year and then do a june1 cut. we would have colons money off the books too. :cool:
     
    mac daddyo, Dec 17, 2013
    mac daddyo, Dec 17, 2013
    #23
  24. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011
    Dont be 2 sure. He will cost 8 mil base next yr. he will either have to take a pay cut or he will be released. He will not be able to play at that base.
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #24
  25. lersgofor7

    lersgofor7 Well-Known Member

    772
    0
    Dec 6, 2011

    If Woodley stays. No way troy and Ike will at their current base salaries.
     
    lersgofor7, Dec 17, 2013
    lersgofor7, Dec 17, 2013
    #25
Page 1 of 3

Share This Page

Welcome to the ultimate resource for Steelers fans. Sign Up Here!