Bucs Now Have More Than $37 Million In Cap Space

With the 2009 salary cap increasing by nearly another $1 million, a league source tells us that the Tampa Bay Buccaneers now have more than $37 million in spending space.
The question becomes this:  How in the hell will the Bucs spend all that money?
There aren’t many veterans available who would command large contracts, so unless they’re thinking about making a run at Panthers defensive end Julius Peppers, newcomers to the organization need not get their hopes up.
So the other strategy would be to identify worthy young players over the early stages of the 2009 season, and to give them new contracts with big roster bonuses or first-year base salaries.  This would be the best way to chew up the remaining cap space.
The large gap has arisen because the Bucs have, via accounting gimmicks available to all teams, carried over excess cap space from one year to the next.
In all, the Bucs have more than $25 million that was shifted to 2009 from past years.
Earlier this year, former G.M. Bruce Allen said that the team intends to spend all that money.
Those comments were made, however, before the team was saddled with the responsibility of buying out the contracts of Allen and former head coach Jon Gruden.
Unfortunately for the Bucs, those buyouts don’t count against the cap.

15 responses to “Bucs Now Have More Than $37 Million In Cap Space

  1. “Unfortunately for the Bucs, those buyouts don’t count against the cap.”
    Umm no. It’s a good thing they don’t count against the cap. For everyone. The Bucs should pay some frickin money, and get themselves some players. They are gonna be under .500 next year.

  2. They don’t have to spend the entire amount, they just have to get above the cap floor, which I believe they already are.

  3. Unfortunately, the Glazers are paying for another team they own – Manchester United and really don’t have those millions to throw around any more. The Bucs will be at the salary cap floor for awhile, I’m afraid.

  4. Can’t they use LTBE bonuses to reach the salary cap floor? Then it would just roll over into either next year or oblivion

  5. not according to Warren Sapp sausage king of Chicago.
    He is claiming they are going to the bowl, with Puke Mccown as the qb. Unless they are waiting for teams to purge there overpaid talent after June 1 to lay down the bucks. That makes no sense whatsoever, they stood idley during the free agent period minus the Derrick Ward signing and the Winslow beating they took. The Bucs will struggle mightily this season. However, the culture will be chainging so maybe Rome wasn’t built in a day, buy damn get the blueprint up already.

  6. The cap ceiling is 128M, and the floor is 101M if I am no mistaken. Looks like they need to spend about 10M.

  7. “So the other strategy would be to identify worthy young players over the early stages of the 2009 season, and to give them new contracts with big roster bonuses or first-year base salaries. This would be the best way to chew up the remaining cap space.”
    Didn’t you say the Eagles weren’t very smart for doing the same such thing during the Sheldon Brown incident?

  8. And will do nothing with it to improve their team…they are the Browns of the NFC

  9. They need to give some of that $ to Barret Rudd and Antonio Bryant. You can’t say that they didn’t try to go after big time players out there. They landed two B- to B+ players in Ward and K2. How many other teams in the NFL can say that they added two better starters on O?
    What they really need though is a DT. Hopefully they already found one in Roy Miller. Go get ’em Roy, get mean baby!

  10. you say extend the younger standout players with big first year payouts but isn’t that what the Eagles do and though its very intelligent after two years on that contract you will get these Sheldon Brown, Lito Shepard, Shawn Andrews types that want a new contract all over again because now they’re only (only?) making 3 mil a year.
    I think this brings up an interesting topic.. Talk of the town is always a rookie pay scale but maybe there should be a more organized system of contract structure beyond the rookie contracts as well. Again, the financial end of the game would be much more NBA-esque but you wont be getting the Lito Shepard contracts and it will be easier to avoid the Javon Walker contracts as well. All this while not having to make rookies the highest paid players in the game before they even play the game!

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