Raiders can clear plenty of cap space, quickly

Reuters

The news that the Raiders have $145 million in salary cap commitments for 2012 was surprising, for a couple of reasons.  First, no one really knew where the Raiders were in relation to the cap.  Second, the results don’t mesh with the notion that the Raiders have a high-end team.

But it won’t be all that difficult to get things under control.

NFLPA records reveal a laundry list of high base salaries that could easily be reduced via restructuring contracts or cutting players loose.

The biggest number of the bunch goes to quarterback Carson Palmer, who despite taking less in 2011 upon being traded from Cincinnati remains due to receive $12.5 million in base pay this season.  Conversion of, say, $10 million of that to a signing bonus would create $6.67 million in cap space this season — even though it would push that amount in equal parts to 2013 and 2014, the final two years of his contract.

Kamerion Wimbley gets a base salary of $11 million in 2012, $11 million in 2013, $10 million in 2014, and $11.5 million in 2015.  He may have to simply take less money in order to stick around.  And with $6.5 million of his 2012 salary fully guaranteed, the “or else” entails a cap savings of only $4.5 million.  (Also, cutting Wimbley could trigger a cap escalation, depending on whether he received a signing bonus with his current deal in 2011.)

Others with high base salaries include defensive tackle Tommy Kelly ($6 millon), linebacker Aaron Curry ($5.75 million), receiver Darrius Heyward-Bey ($5.279 million), safety Michael Huff ($4 million), defensive tackle John Henderson ($4 million), and cornerback Chris Johnson ($3.5 million).

So with a restructuring here and an ultimatum there and a cut or two, the Raiders will get under the cap.

Then again, it’s not as if they have a choice.

66 responses to “Raiders can clear plenty of cap space, quickly

  1. Will be interesting to see whicch players as a whole will be getting cut and be F/A this offseason.. Still cant believe they havnt come out with the freakin cap number yet … That is a joke !! I think alot of teams are going to have to cut some valuable guys this offseason and will be some nice F/A out there that may end up being cheaper to obtain than normal.

  2. Buried in a earlier post, so why not rehash
    ****************************************

    Seems pretty simple. Restructure all the big contracts on defense or cut weight.

    They have plenty of young players on the D-line to lose Kelly/Seymour or both

    There are plenty of mid level MLB that could perform at the level McClain did last year, without the gun charge.

    Chris Johson can be replaced by one of the drafted players from lst year.

    I would like to see Huff stay. Maybe a restructure.

    Wimbley needs to bring his coontract back to his playing level or he can go too.

    Bottom line is they can field a team with Undrafted FA instead of over priced veterns if the result is still the same… a 30-32nd ranked defense.

  3. At least the Raiduhs have high quality players associated with those high cap contracts. Oh, wait …

  4. I’m not going to lie, it’s looking like the Carson Palmer addition was a senseless move from every angle. I mean it just makes zero sense any way you slice it.

  5. I would not mind cutting some more big checks, for some up in coming rookie free agents, atleast I know they will be playing hard for the money!!!

  6. This pretty much sums it up…

    From Steve Corkran, Raiders beat writer from the Bay Area News Group (Oakland Tribune)…

    “It isn’t pretty on paper, sure, but the Raiders never have had an issue finding creative ways to free up cap room. Some of those same people remain in the organization. It’s just that, they are going to have to work harder and longer this season than they did, say, two years ago.
    In other words, expect to hear a ton of gloom and doom in the coming days, only to learn that the Raiders reached cap compliance by March 13 without the sky falling.”

    How quickly PFT puts up another story saying what the local beat writers have been saying about the cap since the season ended.

  7. I seriously wish I understood how these contracts work. In Madden, I’m always stuck with some penalty when I just cut someone. Of course when you learn a system based off of a video game, you are likely going to be ignorant.

  8. Thank you, Oakland for taking Palmer. Thank you Palmer, for threatening to comeback to Cinci. Now, Cinci has a couple first round picks, and because Palmer could have returned, are about 40mil under the cap. And they even got a bit of playoff experience.

  9. We’ve been hearing now for a week or so that the Raiders are in “cap trouble”. Dont they say this every year and somehow they manage to be well under the cap and are able to sign someFA’s. So guys, move on to some real football news, Thx.

  10. wow. unbelievable how poorly Al and Hue ran that team near the end. And with such a mediocre product, too. That is so sad.

  11. The Raiders continually play this cap game and come up short. Now they bring in someone that will allegedly bridge the gap and start fresh and with knowledge. So for the next two to three years, if they follow his gameplan, they won’t be contenders. What happens if after this sabbatical, they continue to not make the playoffs and not make a push towards the superbowl? We’re talking about a city that is going to lose it’s baseball team, a city across the bridge is losing it’s football team, and if things don’t change quickly will probably lose it’s football team as well.

  12. DHB really started to establish himself this year, but Jackson would yank him out of the lineup for no apparent reason. If they cut him, I’d like to see the Browns sign him.

  13. What exactly would the NFL do if the Raiders just stay over the cap? Fine them, or would the league take over and make the cuts for them? Just curious…

  14. thenaturalmevs says:
    Feb 29, 2012 2:25 PM
    I’m not going to lie, it’s looking like the Carson Palmer addition was a senseless move from every angle. I mean it just makes zero sense any way you slice it.

    **********************************

    So true, I would love to have the abilty to resign campbell and groom pryor. They was a desperation in the air after Campbell went down and a serious over-reaction. If they knew they would lose McFadden the next game for the year I doubt they would have done it.

    The same can be said for aaron Curry if he is cut, another wasted pick. I like him too.

    Al/Hue dug a mighty big hole last year and lets be honest, the lock out played a hand in this.

    Here is my question… why was Cleveland allowed to sign Wimbley to contact that made his last year void because of the increase in value? The league should have not allowed the contract to signed or should have punished cleveland. That really forced the Raiders to franchise him at the last minute, which put forth a chain of events that lead to Route and wimbley massive contracts

  15. I fully expect for them to annouce the release of Aaron Curry any day now. Remember when Raider fans were crowing about the great deal they got when they signed him?

  16. I swear. Once my kids grow up, I’m making them major in whatever gets them a degree in NFL salary cap management. Very few people on Earth understand it, can explain it and can manage their caps properly.

    Just now, a well respected dedicated NFL journalist who lives and breathes NFL just tried to convince me that converting $12.5M to $10M equals a salary cap savings of $6.67M. I admit that I’m no rocket scientist but I could have sworn that my 5th grade math teacher once taught me that 12.5 – 10 = $2.5. Where in h-e-double hockey sticks does 6.67 come from? Buehler? Buehler? Frye?

  17. Glad to see a relatively low number of comments on this one. That means readers aren’t falling for PFT’s old tricks of making up an issue, writing something silly about it and then posting another story totally undermining the first one. Stream of consciousness blogging.

    Anyway, OAK never has problems with the salary cap because our contracts are so complicated and most reporting focuses on the gross/duration figures without explaining the many ways the team can get out of them.

    Chris Johnson is gone. Guys like Huff and Wimbley are definitely on the “reduce or else” list. Our new coaching staff is adept at working with unpolished talent and making effective units out of them.

    And for those still questioning the Palmer trade you have to go back in time and understand the situation we were dealing with. We came out of that Cleveland game 4-2 with a healthy McFadden and a hurt Jason Campbell. Oh and Kyle Boller is truly awful. All OAK fans knew we were giving up a lot to get CP but we were so excited to have a playoff caliber team that nobody wanted it to end because of a freak injury to our QB. Risk worth taking obviously because we played a meaningful Week 17 game because of that move. You all just don’t understand how bad Kyle Boller was. Most nervous 9-year veteran I’ve ever seen.

  18. thenaturalmevs says: Feb 29, 2012 2:25 PM

    “I’m not going to lie, it’s looking like the Carson Palmer addition was a senseless move from every angle. I mean it just makes zero sense any way you slice it.”

    *************************

    I totally agree. They should have just made Kyle “I shoulda been a” Boller the starter. That dude can play!

    -Are you off your freakin rocker? The Raiders finally have a solid QB for the first time since 2003. They will restructure his deal and he will go out and perform at a high level!

  19. From contracostatimes.com/raiders
    -Steve Corkran

    The Raiders could get quarterback Carson Palmer to restructure a contract that calls for him to earn $12.5 million in 2012 so that his cap hit drops to $2 million, in exchange for more money down the road, perhaps another year tacked on to his deal, too.
    They also could get defensive tackle Richard Seymour to do the same thing, lessening by quite a bit his $15 million tag for 2012.
    Finally, they can carry over $3.23 million in leftover cap room from 2011, which would cut into the $25 million with the stroke of the pen and a notification to the league office.

  20. Boy were they smart to move on from Hue. He got schooled in the trades he made. The debacle for Carson and the slightly less debacle for Aaron Curry who will probably get cut.

    Thanks for the draft picks Raiders.

  21. For all the raider fans on here, why doesn’t your team develop it’s own players rather than go out and trade picks for supposed stars on the downside of their careers who they then pay a fortune for?

  22. Raiders just throw a high contract at the players that they have.The Raiders are well over the cap and they are not even a good team.They should have never traded for Carson Palmer and should have resigned Jason Campbell.Richard Seymour is a very good DT but no DT in the NFL is worth that much.The Raiders should stop overpaying every player they get and mabie players will actually earn their contract and not just get overpaid right away.

  23. donnyscott says:
    Feb 29, 2012 3:22 PM
    For all the raider fans on here, why doesn’t your team develop it’s own players rather than go out and trade picks for supposed stars on the downside of their careers who they then pay a fortune for?

    ————————————————-

    The mentality is/was the Raiders don’t build, they reload. This unfortunately for Raiders fans is why they are the way they are.

  24. Yeah that sounds easy because restructuring players contract happen over night.

    Sounds real easy to me which sounds like back to square one with out any draft picks.

  25. “Others with high base salaries include defensive tackle Tommy Kelly ($6 millon), linebacker Aaron Curry ($5.75 million), receiver Darrius Heyward-Bey ($5.279 million), safety Michael Huff ($4 million), defensive tackle John Henderson ($4 million), and cornerback Chris Johnson ($3.5 million).

    So with a restructuring here and an ultimatum there and a cut or two, the Raiders will get under the cap.”
    ______________________________
    One big question Mike, how much of those salaries are guaranteed? As you know, the Raiders can’t recoup cap space simply by cutting players if their salaries are guaranteed. In fact, if there is a large amount of guaranteed money over several years, cutting that player can actually create a larger cap hit since that money that would have been spread out over the years will be counted immediately against the cap. Sure, it will save them real money, but it won’t help with their cap issues. Without knowing that bit of information, it’s impossible to determine how much the Raiders could help themselves by cutting a player.

    As for restructuring, that carries some risks too. If we’re simply talking about converting salary into bonus money, then we’re talking about front loading money. That leaves a team with little or no ability to get that money back should they eventually decide to cut the player or should that player do something that makes them unavailable or of no use to the team (e.g. if the player gets arrested, suspended, or injured). If you’re talking about restructuring a contract so as to reduce what the team has to pay the player, then it gets even more complicated. Again, how much of that contract is guaranteed? Who in their right mind would agree to take less when they’re contractually guaranteed to make more? Even if they’re not guaranteed to make more with the Raiders, what are their prospects elsewhere? If they think they’ll be picked up on waivers, then the new team will have to pay them what the Raiders are trying not to pay them. If they clear waivers or are a vested veteran, then they collect whatever remaining guaranteed money the Raiders owe them, and they’re free to sign a new contract with any team they want to. In other words, they can double dip and get paid by two teams for playing that year.

    In the end, restructuring a contract isn’t a decision the team can make on it’s own. The higher the amount of guaranteed money, and the more highly desirable the player is, the more freedom a player has to refuse to restructure or demand that the restructuring simply front load their income by transforming base salary into bonuses. While, as fans, we may be devoted to a specific team, the players are professionals, and this is their job. Most will not take less money to stay in a specific place, especially when that place is in such a poor cap situation that they know getting back under the cap will force the team to let other talented players walk out the door.

  26. This isn’t a case of hindsight. Neither Al (God rest his soul) nor any other GM in the league would have done the Carson trade at that cost. For goodness sakes it made the bengals look like a brilliant organization when in fact it was just a single man acting way above his pay grade in an absence of authority. It’s simple – it was a bad trade.

    If Kyle Boller was so bad (Yes, he was/is) and the coaches didn’t believe in him, why did the coaches keep him on the roster?

  27. “donnyscott says:

    For all the raider fans on here, why doesn’t your team develop it’s own players rather than go out and trade picks for supposed stars on the downside of their careers who they then pay a fortune for?”
    ____________________________________

    Maybe you should try doing some research first before posting. I guess you are unaware of players like Tyvonne Branch who had a Pro Bowl quality year? Or how about Denarius Moore…Jacoby Ford…Jared VelDeer (one of the top 5 bargain left tackles in the NFL). Or maybe you forgot Nnamdi had his best years with the Raiders. All were developed talents in house. Maybe you should check on a kid named Wisniewski who had a very solid year at guard/center.
    Oh, and remember the name Taiwan Jones. He’ll be running through your team next year, along with a fellow named McFadden. And while we’re at it it seems to me a fellow named Michael Bush that was developed in house tore up a few teams along the way.

  28. @spinmovr
    “Risk worth taking obviously because we played a meaningful Week 17 game because of that move. ”

    _________________________________
    That is the funniest comment I have read on the Palmer trade since it went down.

  29. jethrie says:
    Feb 29, 2012 2:28 PM
    Thank you, Oakland for taking Palmer. Thank you Palmer, for threatening to comeback to Cinci. Now, Cinci has a couple first round picks, and because Palmer could have returned, are about 40mil under the cap. And they even got a bit of playoff experience.

    ————————————————–
    and we also have Hue Jackson back on our staff as OC insurance incase Gruden gets poached next year…hahahahaha, how sweet it is

  30. “Second, the results don’t mesh with the notion that the Raiders have a high-end team.”

    How is it the results(them being way over the cap) doesn’t mesh with them having a high-end team? Assuming high-end means expensive.

  31. “twitter:Chapman_Jamie says: Feb 29, 2012 2:27 PM

    I seriously wish I understood how these contracts work. In Madden, I’m always stuck with some penalty when I just cut someone. Of course when you learn a system based off of a video game, you are likely going to be ignorant.”
    ____________________________________
    Actually, if you pay close attention to Madden, you can learn a lot about how contracts work. Madden breaks things down by total salary and guaranteed money over every year of the contract. They simplify things by lumping all guaranteed money together as opposed to breaking it down into the various kinds of bonuses. Additionally, if you select a player and take a look at their contract info, you can find out exactly what kind of cap penalty you’ll suffer for cutting a player. Simplified like this, it’s actually a pretty basic concept. In most contracts you have the total salary, and a certain percentage of this salary will be guaranteed (if the player isn’t as sought after, you might be able to get away without having to guarantee any of it. If that’s the case, you can cut them at any time without taking a hit). When you cut a player, the remaining guaranteed money is immediately counted against the cap. Now, if you’re far enough into the season, that cap hit will count against next year’s cap rather than this year. That’s your cap penalty. A move that would result in a cap hit the following year would be too late, however, to help you get under the cap this year. Here’s an example:

    Year 1: 5 m salary, 2 m guaranteed
    Year 2: 6 m salary, 2 m guaranteed
    Year 3: 7 m salary, 2 m guaranteed

    Cutting this player will save the team 12 m in real money over three years (18 m salary minus the 6 m in guaranteed money the team will still have to pay the player). Furthermore, the team can save 4 m in cap space in year 2 and 5 m in cap space in year 3 (total salary minus guaranteed salary). The problem is that in year 1 the cap hit will be 6 m, meaning that in the immediate future cutting the player will actually worsen their cap situation by 1 m (cap hit minus that year’s salary). While the team can save a lot of money throughout the life of the contract, if they don’t have the proper cap space, they might not be able to make the move.

  32. All that money an not even competitive?

    I guess that’s what happens when you draft based solely on 40 times at the combine.

    It ain’t that simple fellas.

  33. jakek2 says: Feb 29, 2012 2:53 PM

    I swear. Once my kids grow up, I’m making them major in whatever gets them a degree in NFL salary cap management. Very few people on Earth understand it, can explain it and can manage their caps properly.

    Just now, a well respected dedicated NFL journalist who lives and breathes NFL just tried to convince me that converting $12.5M to $10M equals a salary cap savings of $6.67M. I admit that I’m no rocket scientist but I could have sworn that my 5th grade math teacher once taught me that 12.5 – 10 = $2.5. Where in h-e-double hockey sticks does 6.67 come from? Buehler? Buehler? Frye?
    _________________________
    I’ll be quick and as simple on this one as I can. He’s talking about converting $10 m of the $12.5 m salary into a bonus. Salary is counted dollar for dollar against the salary cap. With bonus money it’s different. A percentage of bonus money is counted against the cap rather than the full amount. Furthermore, the bonus money that is counted against the cap is split up and counted equally over the lifetime of the contract. So, say he gets a bonus that counts $6 against the cap in a contract that runs for 3 years. Instead of taking a $6 million cap hit in the year the bonus was paid, the team takes a $2 million cap hit every year over those 3 years. There’s a little more that goes into it of course, but that’s the basic gist of things.

  34. From Steve Corkran, Raiders beat writer from the Bay Area News Group (Oakland Tribune)…

    “It isn’t pretty on paper, sure, but the Raiders never have had an issue finding creative ways to free up cap room. Some of those same people remain in the organization. It’s just that, they are going to have to work harder and longer this season than they did, say, two years ago.
    In other words, expect to hear a ton of gloom and doom in the coming days, only to learn that the Raiders reached cap compliance by March 13 without the sky falling.”
    ::::::::::::::::::::::::::::::::::::::::

    And that’s a major part of the problem. They keep kicking the can down the street. They restructure and push the cap into next season and next season and…. If those people are still left in the building they should be fired. They can’t keep selling the future for a sub-par team today.

  35. Someone else said and so will I, most good players with much to contribute but decisions from the past are haunting us and will continue for a while. Cut the good players and build with the newer guys? We tried to make a run and it didn’t work, time to rebuild with our younger players…

  36. vincentbojackson says: Feb 29, 2012 4:32 PM

    “All that money an not even competitive?

    I guess that’s what happens when you draft based solely on 40 times at the combine.

    It ain’t that simple fellas.”

    ************************

    Not competitive? They were 8-8. Last time I checked that is a “middle of the pack” record. They were also extremely close to making the playoffs. Is a team on the cusp of the playoffs considered “not competitive”???

  37. jethrie says: Feb 29, 2012 2:28 PM

    Thank you, Oakland for taking Palmer. Thank you Palmer, for threatening to comeback to Cinci. Now, Cinci has a couple first round picks, and because Palmer could have returned, are about 40mil under the cap.

    They are 40M under the cap because their owner is cheap.

  38. From Jerry McDonald (Bay Area News Group Raiders beat writer) twitter account:

    “Fact 1: Raiders have ALWAYS had zero problem dealing with cap stuff; Fact 2: A completely new regime, no way to know their approach.”

    Oakland may be “kicking the can down the street”, but they’ve been doing it season after season. The street must be the longest one in the world.

  39. it’s all good….raiders will not have any issues….players that performed will be paid…players that under performed, or can be easily replaced by a younger cheaper guy will do just that………I am sure which vet’s that are making the big bucks, know who they are. So be a team player, or go away.

  40. @raiderapologist
    I wouldn’t deny that Brown is cheap. Not for a second. However, thanks to the new CBA he’s going to be FORCED to spend that money next year. I don’t think he’ll want to drop 40 mil. in one fell-swoop, so I’d bet he spends about half of the cap space this year and then the rest next. Brown’s cheapskate ways paid off this time (first time for everything).

  41. jethrie says:
    Feb 29, 2012 2:28 PM
    Thank you, Oakland for taking Palmer. Thank you Palmer, for threatening to comeback to Cinci.
    Now, Cinci has a couple first round picks
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    If the picks amount to rat squat, the last laugh may be on you jack. Print that.

    The truth is you dont know what you have, yet. The Raiders do.

  42. chargerzz says:
    Feb 29, 2012 5:11 PM
    Chargers will sweep the sorry ass raiders
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    Typical Tijuana Cjoker fan. A fan of an 8-8 team calling a rival 8-8 team sorry ass. Ignorance at its finest. He is the same fan that doesnt realize a Qualcomm game is a Raider home game too.
    Trick!

  43. The Raiders are one of, if not the best, at the salary cap. Always have been.”-Mike Lombardi

  44. raidadon says:
    Feb 29, 2012 7:54 PM
    The only football team in Ohio werth bragging about is the buckeyes.

    xxxxxxxxxxxxxxxxxxxxxxxx
    Hey hey hey, the Toledo Rockets aint too bad…but thats about it!

  45. @whatwouldaldavisdo
    Yep, the Raiders know what they have: A 32 year old, injury prone QB who, when not pressured, has a strong arm and is pretty accurate. If under any pressure he fires high. Been his bugaboo since college and it’s gotten a LOT worse since the knee injury.
    What the Raiders don’t have: A first round pick this year (no help for Palmer) and no second (maybe a first, depending) next year (again, less help for 33-34 year old QB next year). Palmer’s getting paid 12.5 mil next year, 13 mil. in2013, and 15 mil in 2014!
    Knowing what you have isn’t always the best thing.

  46. There has to be a way through this. I don’t believe Al would paint himself into the cap space corner without an exit strategy. However, looking at some of the decisions made regarding the hiring and firing of players and coaches the past few years under Al’s regime, it’s quite possible Al may have erred. I believe most of the players on the team can and will improve with solid and consistent coaching. I don’t believe Hue was a good coach. We all know Chuck B is a horrible coach. I am confident the Raiders will find a way to make it work. Go Raiders!!!!

  47. whatwouldaldavisdo says:
    Feb 29, 2012 8:01 PM
    jethrie says:
    Feb 29, 2012 2:28 PM
    Thank you, Oakland for taking Palmer. Thank you Palmer, for threatening to comeback to Cinci.
    Now, Cinci has a couple first round picks
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    If the picks amount to rat squat, the last laugh may be on you jack. Print that.

    The truth is you dont know what you have, yet. The Raiders do.
    **************************************************
    Bingo, the known vs the unknown.

    Now throw in the cheapest owner in all of professional sports and the known looks even better.

  48. I love all the disenfranchised Raider fans in San Diego. Keep gummin your powder blues girls!

    One more thing, atleast when we are sitting during the playoffs, we get to look over at our Lombardis and say “ah, the good ol’days.” What do you do?

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