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Green Bay Packers Salary Cap Thread

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On 3/22/2020 at 12:14 PM, CWood21 said:

Bulaga's contract finally was leaked.  It's essentially a 2 year, $19M deal.  Solid deal for the Chargers.

I'm just going to tell people his meds must have been bad.

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Here's OTC with an article on rookie pay and rookie cap allotments

The Salary Cap Cost of Rookie Draft Picks

https://overthecap.com/the-salary-cap-cost-of-rookie-draft-picks/

The NFL draft always brings about confusion with the way rookie contracts work with the salary cap so this will be our annual look at what will be the actual impact on teams salary cap space once all rookies are signed to hopefully reduce some of the confusion.

The easiest way to estimate the number is to take the rookie pool and subtract from it $610,000 multiplied by the number of draft picks.
The Packers NET cost for paying 10 rookie draft picks is
$2,396,323, and that leaves $8,690,547  in available space per OTC

That does not include releasing Lane Taylor + 4 million and re-structuring Z Smith, + 6 million IF they need the space

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Posted (edited)

via Demovsky twitter:

The Packers rookie salary pool is $7,928,362 with a total max compensation of $43,606,000, according to a source with access to NFL Players Association information.

If you follow the formula from OTC above, we take $610,000 x 9 draft picks = $ 5,490,000 in cap that those new draft picks knock off the Packers roster  That leaves a net cap hit of $ 2,438,362 to sign the rookie class

OTC was showing GB with $ 10.9 M in cap space . So with all rookies signed GB has about $8.46M to play with on any FAs or extensions.

Cutting Lane Taylor's contract at $ 4.1 M leaves almost enough cap space to get through the season.
ZSmith's roster bonus was already paid, so that's no longer an option for mo money

Edited by Shanedorf

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9 minutes ago, Shanedorf said:

Cutting Lane Taylor's contract at $ 4.1 M leaves almost enough cap space to get through the season

what do you mean by this? $12.6 million gets us through season but $8.5 does not?

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54 minutes ago, Shanedorf said:

via Demovsky twitter:

The Packers rookie salary pool is $7,928,362 with a total max compensation of $43,606,000, according to a source with access to NFL Players Association information.

If you follow the formula from OTC above, we take $610,000 x 9 draft picks = $ 5,490,000 in cap that those new draft picks knock off the Packers roster  That leaves a net cap hit of $ 2,438,362 to sign the rookie class

OTC was showing GB with $ 10.9 M in cap space . So with all rookies signed GB has about $8.46M to play with on any FAs or extensions.

Cutting Lane Taylor's contract at $ 4.1 M leaves almost enough cap space to get through the season.
ZSmith's roster bonus was already paid, so that's no longer an option for mo money

Has OTC factored in the rise in very minimum salaries yet? As of like a week ago, they still hadn't.

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I  meant IF GB spent all of the $8.46 M on FAs and extensions...
they could almost live off of the $4.1M from the Taylor cut for any in-season additions like Howard Green

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Posted (edited)
16 minutes ago, AlexGreen#20 said:

Has OTC factored in the rise in very minimum salaries yet? As of like a week ago, they still hadn't.

no idea - the number they posted was $610,000 so I used that.
Do you know what it should be for 2020 ?

edited to add this from Forbes:
"The CBA increased the 2020 minimum base salaries for all players to $610,000, from $510,000, which impacts the money available for an upfront bonus in rookie deals."

Edited by Shanedorf

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Nice. That 8.46mil could def buy us some dope Snacks. With $$ still left in the bank. :D

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Posted (edited)
1 hour ago, Toddfather said:

Nice. That 8.46mil could def buy us some dope Snacks. With $$ still left in the bank. :D

Edited by YaddaHolla

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1 hour ago, Toddfather said:

Nice. That 8.46mil could def buy us some dope Snacks. With $$ still left in the bank. :D

giphy.gif?cid=4d1e4f299467b278ecd20531eb

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11 hours ago, Shanedorf said:

no idea - the number they posted was $610,000 so I used that.
Do you know what it should be for 2020 ?

edited to add this from Forbes:
"The CBA increased the 2020 minimum base salaries for all players to $610,000, from $510,000, which impacts the money available for an upfront bonus in rookie deals."

Looks like they have then. 

I suspect that 8.6 is going to get rolled over. Maybe we take a little chunk out of it with a mid season vet signing of a Veldheer or a DL fatty. I think the one exception would be Tramon.

The longer this lasts, the more it looks like Tramon, Veldheer, and Harrison are going to call it a career. Considering the injuries of the latter two, I can't really blame them. 

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The Mighty Green Bay Packers have an emergency fund that they've built up over many years
This fund is currently sitting at $387 Million and its purpose is to give the publicly- owned team a financial buffer similar to what a deep-pocketed owner might have for other teams. It seems likely that revenue will be greatly reduced on the local side and that's where this fund can help. Its been suggested that some teams will be looking to cut costs for 2020 to close the gap, including dumping high priced vets for teams that really aren't in contention this year

We'll see what happens-  but I don't mind leaning on that "rainy day" fund...its definitely raining this year.
 

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On 5/13/2020 at 12:21 AM, YaddaHolla said:

giphy.gif?cid=4d1e4f299467b278ecd20531eb

I can't stop laughing at this meme.  It gets funnier the longer you watch. 

This is nice, this is comfortable, ah, ****, what's this, no, no... Why have you forsaken me? 

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