With NFL transactions currently moving faster than the speed of blog, there’s a chance that agents and/or teams will make mistakes. The NFLPA, which soon will reacquire jurisdiction over the regulation of agents, has reminded them of a couple of things that should help when facing the “we don’t have the cap room” whining from personnel execs.
Liz Mullen of SportsBusiness Journal reports that the once-and-future-union has sent a memo pointing out some of the new realities of the restored salary cap.
First, although each team has a cap limit of $120.4 million, each team may exercise a $3 million exemption, pushing the true cap to $123.4 million.
Second, each team can ignore up to $1 million in salary for three separate veterans with five or more years of service.
Third, teams can spend money now that is spread over future salary caps. For example, the $30 million signing bonus paid to Panthers defensive end Charles Johnson on a six-year deal results in $5 million being allocated to each of the next six seasons.
Also, keep in mind that the Transition Rules don’t require teams to be under the salary cap until the next league year starts, on or about August 4. Thus, teams can go over the cap now and get under it later.
Of course, later is coming up pretty soon.