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How much Cap room do we have?

Discussion in 'Steelers Talk' started by ThrowToHeath, Jan 12, 2015.

  1. ThrowToHeath

    ThrowToHeath Well-Known Member

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    Right now with contracts on the books, how much do we have?

    How much do we get if we terminate players like Polamalu and such?

    Is this another year of having no cap room? If so, we need new people negotiating contracts. Even though we won our division, a look around at our talent, especially on defense, does not look like a team that is maxed out on cap space.
     
  2. SteelerJJ

    SteelerJJ Well-Known Member

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  3. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    Not really a lot of cap space, no. Not like last year where it looked like a lot of blood letting was going to need to be done before the cap made a surprise jump, though. We don't know what the 2015 salary cap will be, so I can't say how much exactly, but estimates between 140-143 Mil seem realistic. Cutting Troy would save $3.75 Mil, but would carry a $4.5 Mil dead money hit if he's a pre-June 1st cut or retires.

    We need to take care of some business like signing some free agents, extending a player or two, paying back $1.125 Mil from a couple years ago etc... Heyward is under contract for $6,969 Mil as they exercised the 5th year option last year, so extending him should be a priority.They can make cap room if they feel it's necessary by restructuring any of the following players (in order of greatest to least room): Timmons, A Brown, Pouncey, Allen, Gilbert, Heath, Mitchell, and Suisham.

    Here are the free agents and the RFA tenders:

    Restricted Free Agents
    Blake, Antwon
    Golden, Robert
    Johnson, Will

    Projected RFA Tenders
    $1,539,000 Right of First Refusal
    $2,351,000 Second Round Pick
    $3,347,000 First Round Pick

    Unrestricted Free Agents
    Worilds, Jason
    Taylor, Ike
    Allen, Will
    Spaeth, Matt
    Warren, Greg
    Heyward-Bey, Darrius
    McCain, Brice
    Moats, Arthur
    Palmer, Michael
     
  4. AFan

    AFan Well-Known Member

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    how will extending Ben effect the cap? I'm guessing it might help in 2015, but hurt after that. Assuming, low base salary in '15 and large signing bonus spread out over 6 or 7 yrs.
     
  5. freakfontana

    freakfontana

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    i read somewhere we are 4 milion under and have 37 players under contract
     
  6. SteelerJJ

    SteelerJJ Well-Known Member

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    That's why I think Polamalu, Keisel et al. are gone. We desperately need that cap money.
     
  7. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    That's tough to answer precisely. While it could lower his 2015 cap hit, I don't really think they'll go that way. They've been structuring some recent extensions to specifically not do that, and I don't think they're going to want to push his big extension bonus dollars into the future more than necessary. Unless they really feel it's needed, I think his 2015 cap hit will stay just about the same.
     
  8. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    Well, we're not 4 Mil under since we don't know what the 2015 cap will be yet. There are more than 37 players under contract now with the recent signings the team has done.
     
  9. blountforcetrauma

    blountforcetrauma Well-Known Member

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    What I don't understand is why do they not pay the qb's the majority of their money in the early years of their contracts? Why does all the big money start hitting when the qb might not even be the player they were when they first signed the deal? Is it simply because they don't have the room at the time of the signing? Or is it because they are really just trying to keep from having to ultimately pay the guy all the money that was signed for? A lot of teams seem to run in to this exact same problem. I could probably think of 3 or 4 right off the top of my head.
     
  10. blountforcetrauma

    blountforcetrauma Well-Known Member

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    But wouldn't cutting Worilds not free up a lot of space? Or not necessarily cutting him but just letting him walk. If he walks we owe him nothing right? I never try and crunch these numbers because they always just irritate me.
     
  11. SC Gamecock

    SC Gamecock

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  12. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    No. He's not on the books for 2015. We're in the neighborhood of $138 Mil for a cap number not including him.
     
  13. snipit73

    snipit73

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  14. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    Not a dumb question at all.

    No. The player already technically got that money. Dead money is money from the prorated signing bonus that was still on the books for cap accounting purposes. When the player is released, the remaining prorated SB accelerates and the team is responsible for it all against the cap.
     
  15. snipit73

    snipit73

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    Gotcha Thanx!:thumbs_up:
     
  16. steelersrule6

    steelersrule6 Well-Known Member

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    The Post Gazette said the cap could be around 143 million, high enough to extend Ben, Heyward.
     
  17. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    De nada.
    Yeah, it's typically a little higher than the early projections.
     
  18. freakfontana

    freakfontana

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    yes was prior of all the signing and estimate cap of 140 .. here you have a good numbers
    http://overthecap.com/salary-cap/pittsburgh-steelers/
     
  19. ThrowToHeath

    ThrowToHeath Well-Known Member

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    Thanks for the replies!

    Ugh I guess its frustrating that we were able to field teams from 2004-2010 that had considerable talent and "Star power", yet we are nearly maxed out now on cap and we have only a few talented players (or far less than we did before). I guess that's the byproduct of Super Bowls and success. Well that and a string of really poor contract extension decisions as of the last few years.
     
  20. freakfontana

    freakfontana

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    here what we can do to find money :
    For this exercise, let’s do some quick math and find some salary cap room. It won’t be hard but in a few cases, it might be ruthless. We will use the figures provided by Overthecap.com, although they are not always 100 percent accurate.

    First off, let’s clean up the Old Four on defense. James Harrison and Ike Taylor do not have 2015 contracts, so nothing needs to be done and there are no savings. Start with Troy Polamalu, who has two years left with a $6 million salary for 2015. Cut him before June 1 and you save $3,750,000 in cap space; after June 1 and it’s $6 million. I say wait until June.
    Cut Brett Keisel now or later and save $1.5 million. Cut Cam Thomas, save $2 million. Cut Lance Moore, save $1.5 million.
    There, we have created $11 million of space on the cap without much effort. Now it gets a little more difficult.
    Cortez Allen is due a $3 million roster bonus on March 14, four days after free agency begins, to go with a rounded salary of $2.6 million. If they cut him in June, they save $5.6 million on their cap this year. I don’t think they’ll do it, but it has to be tempting for someone who looked as though the game were too big for him this season.
    Do that, and we’re up to $16.6 million
     
  21. Steel_Elvis

    Steel_Elvis Staff Member Mod Team

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    There are too many moving parts right now for me to try and build my annual cap spreadsheet, but we seem to be in a better place right now than we have been in recent years.
     
  22. contract

    contract Well-Known Member

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    Huh??? What for?

    I assume all will get the lowest tender.


    Signing Worilds is damned if you do, damned if you don't. I think I'd rather be damned if we don't. The rest should all be relatively easy signings if we want them back ... and in the case of Ike, I hope we don't.
     
  23. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    The CBA allowed for teams to essentially borrow from the salary cap in future years in the form of credits, if they had the need and eligible players to do so. Up to $3 Mil in 2011, and up to $1.5 (500K for a max of 3 players) in 2012. The intent was to ease the transition into the new CBA and cap. If they did it, they had to pay it back over the course of the 2014-2017 seasons with the club being able to choose how they wanted it divided up. They paid some back in 2014, so it would seem likely that they'll do the same this year.

    I agree.

    Moving on from Worilds seems all but inevitable, but you never know. I imagine the team will let him test free agency and let the market dictate his value. I personally don't think he'll be getting big money offers, and I actually wouldn't be surprised if he wanted to stay in Pittsburgh. That's just my gut feeling. I don't think the Steelers are going to overvalue him though. The fact that he had such a large payout in 2014 can make contract negotiations difficult, though.
     
  24. blountforcetrauma

    blountforcetrauma Well-Known Member

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    Isn't it in baseball or basketball where teams can actually go over the cap but then have to pay like a fine or something for it? Is that sorta what that is when they borrow against the cap? Like a lighter version of it? I'm pretty sure there's some cap rule like that in one of the major sports. I heard some people talking about it on a sports show one night a few months ago.
     
  25. truckin9999

    truckin9999 Well-Known Member

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    [h=2]How much Cap room do we have?[/h]
    I think they can get a soda and a reg snickers bar... king size is out of the question!!! lol
     

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