Page 1 of 3 123 LastLast
Results 1 to 10 of 23
  1. #1
    MulletMullitia's Avatar
    MulletMullitia is offline PP.O Ambassador
    Join Date
    Dec 2009
    Location
    Indianapolis
    Posts
    943
    Blog Entries
    2

    Post-Jennings Cap Situation

    For those interested, here is a break down of the current cap situation Post-Jennings.

    Scout.com: Vikings avoiding much

    The Vikings have just over $5.1 million in salary cap room. With two first-round picks and 11 draft picks overall (currently), that won’t leave much room for them to add much more in free agency.

    Despite arranging the contract of their most significant free agent signing, Greg Jennings, to go easy on this year’s salary cap, resigning six of their unrestricted free agents and adding Jennings and Matt Cassel in outside free agency put $21.8 million against the 2013 cap. Their actual cash outlay for those eight players was $37.2 this year, meaning more than $15 million was pushed into future years.

    The contracts of Jennings and right tackle Phil Loadholt were the biggest culprits. Jennings counts only $5 million against this year’s cap despite a $13 million cash value – $3 million in salary and workout incentives and $10 million in signing bonus. Loadholt counts $4.75 million against the cap this year, despite a $10 million cash outlay.

    Most of the Vikings’ other signings match up when comparing cap charge to cash value in the first year. Cassel’s contract is $3.7 million on both ends, and Jerome Simpson’s is $2.1 million on each. FB Jerome Felton counts $1.67 million against the cap with $3 million in first-year cash outlay, and S Jamarca Sanford ($2.25 million against the cap) and LB Erin Henderson ($1.75 against the cap) have only a $250,000 difference in cap charge and actual first-year cash outlay.
    We have less than 2M to play with after draft pick signings. That probably rules out Urlacher unless we can get Kevin Williams to restructure. Looking more and more like our starting linebacker next year will be one of Arthur Brown, Manti Te'o, or Alec Ogletree.

    Sorry Rick! Keep up the good work.

  2. #2
    PackSux!'s Avatar
    PackSux! is offline Hall of Famer
    Join Date
    Dec 1969
    Posts
    1,549
    Quote Originally Posted by MulletMullitia View Post
    For those interested, here is a break down of the current cap situation Post-Jennings.

    Scout.com: Vikings avoiding much



    We have less than 2M to play with after draft pick signings. That probably rules out Urlacher unless we can get Kevin Williams to restructure. Looking more and more like our starting linebacker next year will be one of Arthur Brown, Manti Te'o, or Alec Ogletree.
    We need Allen to restructure more than Williams. I do hope that one of our first round picks this draft is a linebacker that can play the middle.

  3. #3
    vikinggreg's Avatar
    vikinggreg is offline Ring of Fame
    Join Date
    Dec 1969
    Location
    Great White North
    Posts
    4,734
    Veterans for hire: Plenty of talent available

    With the list of names out there it almost seems like there could be 2 more roster filled in the league with these guys and a draft

    The Vikings have taken on the organizational philosophy under Rick Spielman to build the team through the draft. It isn’t original. Some of the best franchises in the league have used the draft as almost the exclusive route of building their franchise – Baltimore, Green Bay, Pittsburgh and New England to name a few
    Yet the Ravens and Steelers are now losing key players from their rosters and based on the Flacco contract the Packers might have their own issues in the near future

    Aaron Rodgers' New Contract: Speculation Says $100 Million Over 4 Years

    and with Jay Cutler in the last year of his contract the Vikings youth movement could have them in a balanced spot.......since we don't have an elite QB

  4. #4
    Purple Floyd's Avatar
    Purple Floyd is offline Jersey Retired
    Join Date
    Dec 1969
    Posts
    16,646
    Blog Entries
    1
    Wit the price of the elite QB's getting so skewed from the average it seems to me that their prices may be getting to the point where they are beginning to harm the financial health of the teams much in the same way that the first pick in the draft was starting to hurt teams prior to the new CBA. Obviously you are generally working with a known quantity with the veteran QB;s compared to the shot in the dark teams were taking with picks like Jamarcus Russell but still, when a QB starts to command 25 million of cap space then somewhere on the roster something has to give.

    So are the Vikings going to actually hit on something by having a QB at the middle of the pack with a lower salary when he hits his second contract where they have more room to build depth across the roster than the other teams in the division who tie all their dollars up one one player?

  5. #5
    marshallvike's Avatar
    marshallvike is offline Team Alumni
    Join Date
    Dec 1969
    Location
    Naperville, IL
    Posts
    2,456
    Quote Originally Posted by PackSux! View Post
    We need Allen to restructure more than Williams. I do hope that one of our first round picks this draft is a linebacker that can play the middle.
    I am not understanding that one. Jared is making an unbelievable amount of money this year. Don't get me wrong, I believe he is an elite talent, but for his money we could get a Dumerville, a corner and have some money left to play with. Unless the idea is to let him play out this year and go on his merry way, I don't understand it. His is a contract that would benefit us greatly to restructure, unless he is not in our long term plans and the FO does not want to be strapped with dead money down the road. Personally,I think he has a few years left and would like for him to remain in purple, but that is not how this is laying out. Hopefully they have something better in mind that I am not seeing.
    Why must you defend everything this FO does....to the point of making your self look like a yes man.

  6. #6
    vikinggreg's Avatar
    vikinggreg is offline Ring of Fame
    Join Date
    Dec 1969
    Location
    Great White North
    Posts
    4,734
    Quote Originally Posted by marshallvike View Post
    I am not understanding that one. Jared is making an unbelievable amount of money this year. Don't get me wrong, I believe he is an elite talent, but for his money we could get a Dumerville, a corner and have some money left to play with. Unless the idea is to let him play out this year and go on his merry way, I don't understand it. His is a contract that would benefit us greatly to restructure, unless he is not in our long term plans and the FO does not want to be strapped with dead money down the road. Personally,I think he has a few years left and would like for him to remain in purple, but that is not how this is laying out. Hopefully they have something better in mind that I am not seeing.
    I think it just comes down to Jared hasn't had a offer big enough to get him to loosen his grip on the 17 mill he's getting, next year the team could use the fanchise tag to keep Allen and then work out an extension, tag would be in the 10 mill range

  7. #7
    marshallvike's Avatar
    marshallvike is offline Team Alumni
    Join Date
    Dec 1969
    Location
    Naperville, IL
    Posts
    2,456
    Quote Originally Posted by vikinggreg View Post
    I think it just comes down to Jared hasn't had a offer big enough to get him to loosen his grip on the 17 mill he's getting, next year the team could use the fanchise tag to keep Allen and then work out an extension, tag would be in the 10 mill range
    I can see that. I would have a little trouble giving up a $17mill contract myself. Although it would really help the team, I do not think he is obligated to do it. As talented as he is, even $10mill seems too high a price to pay. Both he and his agent have to see the market will probably no longer pay huge money to a player his age, even if he has another monster year this year. Then again, a long term contract does not mean much if you can be cut any time. Too bad it can't be worked out now. We could really benefit from some extra money to pick up a corner or two. The past few years, drafting an outstanding corner just means he would demand huge money and leave your team for more, so picking up one through free agency may be the best route on CB's.
    Why must you defend everything this FO does....to the point of making your self look like a yes man.

  8. #8
    tastywaves's Avatar
    tastywaves is offline Ring of Fame
    Join Date
    Dec 1969
    Posts
    3,814
    Quote Originally Posted by marshallvike View Post
    I can see that. I would have a little trouble giving up a $17mill contract myself. Although it would really help the team, I do not think he is obligated to do it. As talented as he is, even $10mill seems too high a price to pay. Both he and his agent have to see the market will probably no longer pay huge money to a player his age, even if he has another monster year this year. Then again, a long term contract does not mean much if you can be cut any time. Too bad it can't be worked out now. We could really benefit from some extra money to pick up a corner or two. The past few years, drafting an outstanding corner just means he would demand huge money and leave your team for more, so picking up one through free agency may be the best route on CB's.
    It's the best route until they play well and then they demand more money

    It's a vicious cycle no matter how you want to try and get your head around it. In the end, you want to pay a player in accordance with this value and build the best roster that $123M can get you. You also have to look at player contracts over the life of the contract and not just in isolation for a given year as it is skewed by the structuring. Such as Jared.

    I think the Vikings FO looks at spending by position and then tries to fill in the players to fit the budget. A few contracts like Jared and AD are a bit high and will steal from other positions. If you look at where this team spends their money, you see they value DL, OL and RB as the highest positions. Which means they have to be value oriented to fill the other positions. Draft is the #1 source for this talent along with mid-talent FA's. With the dropping of Winfield, it makes sense that they would want to replace him with another FA for a reasonable amount. JA's contract may prevent a big signing for another year, but don't be surprised to see us bring in a number of vet corner's to compete for a starting role this year. There is still the possibility that JA will get cut if they deem restructuring is not the way to go.

  9. #9
    mountainviking's Avatar
    mountainviking is online now Team Alumni
    Join Date
    Jan 2007
    Posts
    2,773
    Coming off a hit-or-miss season, Allen is due a whopping $14.3 million in 2013, and will count more than $17 million against the cap

    On April 22, 2008, the Chiefs traded Allen to the Minnesota Vikings in exchange for a first-round pick, which they used to select OT Branden Albert, and two third-round picks, one of which was used to take Jamaal Charles, and swapped sixth-round picks in the 2008 NFL Draft. The Vikings then signed Allen to a six-year contract, which at the time was the richest contract for a defensive player in NFL history.[13] Allen was due an $8 million roster bonus in 2010, per the six-year, US$72.36 million contract he signed with the Vikings, and his signing bonus was $15.5 million.
    Jared Allen - Wikipedia, the free encyclopedia

    So his signing bonus over 6 years isn't that much...roughly 2.6 mil/year. The majority of the contract is base pay this year, 14.3 million. That's a lot for a DE, but partially earned in earlier years. You would think we could give him a 2 year extension that changed most of that figure to a signing bonus, dividing it out over 3 years. Problem is tho, it only helps us this year, as the following years he's still going to want a big paycheck and now we're still paying for the bonus we paid in 2013. Basically, sure, we can get his number this year down to 5 or 6, but the following 2 years it'll likely be back up at 15-17.

    I think we can forget about the franchise tag, pretty sure he'd get either the average of the top 5 salaries, OR a raise of at least ?20?% set by CBA, whichever is greater. Please correct me if I'm wrong there...?
    Control the line, control the time, and give your D a chance to shine!!

    "Balance it on end and thats the third side of the coin!!" -wookiefoot

  10. #10
    tastywaves's Avatar
    tastywaves is offline Ring of Fame
    Join Date
    Dec 1969
    Posts
    3,814
    Quote Originally Posted by mountainviking View Post
    Jared Allen - Wikipedia, the free encyclopedia

    So his signing bonus over 6 years isn't that much...roughly 2.6 mil/year. The majority of the contract is base pay this year, 14.3 million. That's a lot for a DE, but partially earned in earlier years. You would think we could give him a 2 year extension that changed most of that figure to a signing bonus, dividing it out over 3 years. Problem is tho, it only helps us this year, as the following years he's still going to want a big paycheck and now we're still paying for the bonus we paid in 2013. Basically, sure, we can get his number this year down to 5 or 6, but the following 2 years it'll likely be back up at 15-17.

    I think we can forget about the franchise tag, pretty sure he'd get either the average of the top 5 salaries, OR a raise of at least ?20?% set by CBA, whichever is greater. Please correct me if I'm wrong there...?
    I think you captured well why this is a difficult situation to address.

Page 1 of 3 123 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •