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NFLPA reminds agents of new salary cap exceptions

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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.

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5 Responses to “NFLPA reminds agents of new salary cap exceptions”
  1. goawayeverybody says: Jul 27, 2011 8:02 PM

    Those are loopholes so big you could drive a mack truck through them. Kind of like our income tax code lol.

  2. hoosierdude says: Jul 27, 2011 8:43 PM

    Sounds like something put together by
    attorneys…………..just sayin’.

  3. adamjt13 says: Jul 27, 2011 8:54 PM

    The first and second items are the same thing. Teams can designate up to $1 million of three 5-year-plus veterans’ base salaries above the minimum to be applied in any proportion to the 2014-2017 caps, for a total of $3 million. The third item is just the standard bonus proration that has existed since the cap started.

  4. brianfromthecape says: Jul 27, 2011 9:42 PM

    Good observation Adam at 8:54. The August 4th date is for 2012 I presume? That first Cap ‘thing’ of 3 Mil is kinda lame way of saying the Cap is 123.4 Million! Hardly the thing an agent would need to be REMINDED of!

  5. adamjt13 says: Jul 27, 2011 10:41 PM

    August 4 is for this year. From the NFL’s calendar —

    August 4

    First day of 2011 League Year at 4:01 p.m., New York time, assuming NFLPA has ratified the CBA

    Top 51 begins at 4:01 p.m., New York time

    All Clubs must be within the Salary Cap at 4:01 p.m., New York time

    All 2011 contracts signed on or after July 26 become effective at 4:01 p.m., New York time, assuming NFLPA has ratified the CBA

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